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July 16, 2018 5:58 AM Body of triathlon participant found floating off Tanjung Tuan

PORT DICKSON: The body of a Hong Kong national who drowned while competing in the 2018 Port Dickson International Triathlon yesterday, was found floating in the waters off Tanjung Tuan today. Negri Sembilan Fire and Rescue Department (FRD) director Norazam Khamis said the body was discovered by a fisherman at 8.14am, about one nautical mile from where 11

July 13, 2018 9:38 AM Bursa Malaysia ends higher for 5th consecutive day

KUALA LUMPUR: Persistent buying interest in index-linked counters and small capitalisation stocks against a backdrop of positive market sentiment spurred Bursa Malaysia to close stronger for the fifth consecutive trading. At 5pm the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished at the intra-day high of 1,721.93, up 18.36 points, from yesterday's 9

July 5, 2018 1:14 PM Exports in May up 3.4% to RM82.1b year on year

PETALING JAYA: Malaysia’s exports grew 3.4% to RM82.1 billion in May, outpacing imports, which increased only 0.1% to RM74 billion, on a year-on-year basis said the Department of Statistics. “Exports in May 2018 valued at RM82.1 billion, continued to surpass the RM80 billion mark, increasing by 3.4% from a year ago. Re-exports were valued at RM16.3 billion 13

July 4, 2018 12:42 PM Hong Leong Bank allocates RM115m for digitisation

KUALA LUMPUR: Hong Leong Bank Bhd has allocated RM115 million or 50% of its capital expenditure (capex) to improve the bank’s offerings on the digital platform in the financial year ending June 30, 2019. CEO and MD Domenic Fuda said the huge allocation was in line with strong customer adoption of its digital platform. “We also expect strong continued 5

July 2, 2018 6:11 AM Lawyers puzzled why LLP amendments won’t be tabled

KUALA LUMPUR: Lawyers are shocked by Attorney-General Tommy Thomas asking for a revamped Legal Profession Act 1976 (LPA) instead of seeking the tabling of the ready Limited Liability Partnership Act 2012 (LLP) amendments in Parliament, says advocate and solicitor Arun Kasi. The legal fraternity were looking forward to seeing the LLP amendments tabled 6

June 27, 2018 10:26 AM Second victim of rare Hong Kong shooting dies of injuries

HONG KONG: The death toll from a brazen daylight shooting in a Hong Kong park — reportedly over sharing the inheritance of a US$1 million apartment (RM4.03 million) — rose to two Wednesday after an uncle of the suspect died in hospital, police said. A 44-year-old woman shot four people with a semi-automatic pistol at Quarry Bay Park in eastern Hong Kong Island 7

June 26, 2018 12:41 PM Four wounded in rare Hong Kong shooting

HONG KONG: Four people were wounded, two critically, during a brazen daylight shooting at a park in Hong Kong on Tuesday, a rare firearms attack in a city with a reputation for safety. Police said a 44-year-old woman fired at four people at a harbourfront park near a largely residential neighbourhood for middle-income families in eastern Hong Kong Island 4

June 20, 2018 2:42 AM Bursa Malaysia snaps eight-day losing streak, opens higher

KUALA LUMPUR: Bursa Malaysia snapped an eight-day losing streak to open higher today as bargain-hunting took place. The local bourse slumped to an over six-and-a-half month low at yesterday's close. But at 9.08am today, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.02 points stronger at 1,725.38 from Tuesday's close of 1,715.36. On the broader 21

June 19, 2018 10:29 AM Bursa Malaysia ends at over 6 1/2-month low

KUALA LUMPUR: Bursa Malaysia ended at a six-and-a half month low with the FTSE Bursa Malaysia KLCI (FBM KLCI) losing 28.07 points or 1.61% to 1,715.36, the lowest level seen since Dec 4, 2017, in tandem with losses in regional bourses which were reeling under the escalating trade war between the United States and China. The index opened 5.23 points weaker 5

June 17, 2018 12:25 PM Bursa trading velocity profoundly low during World Cup

PETALING JAYA: The trading velocity in Malaysia during the 2018 World Cup is expected to be subdued not just because of this event but also due to the festive season, according to MIDF Research. “We do not expect the World Cup event to change the fundamentals of all stocks under our coverage. Hence, we maintain our FBM KLCI year-end 2018 target of 1,800 points 7