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June 20, 2018 1:41 PM Malaysia's inflation rate in May rises at fastest pace in four months

PETALING JAYA: Malaysia's consumer price index (CPI) increased 1.8% in May 2018 – the fastest pace in four months – to 121.1 compared with 119.0 in the corresponding month of the preceding year due to a strong recovery in transport prices. According to the Department of Statistics, among the major groups which recorded increases were transport (+3.8%); food & non-alcoholic 6

June 20, 2018 12:24 AM Tapping the Peranakan experience

WE lost a "true" Malaysian last week – Datuk Kenny Chan of Baba Nyonya fame. He was 68 when he passed away in Malacca. Better known as Bibik Kim Neo in TV1's longest-running series, Chan captivated his audience with his skilful acting and wit. He brought much laughter to Malaysians. It is no wonder the series lasted from the late 1980s till the turn of the century 5

June 18, 2018 3:11 AM Iris shares rise 14.81% on proposed share issuance

PETALING JAYA: Iris Corp Bhd’s share price rose 14.81% this morning after it announced plans to raise RM59.33 million from a proposed share issuance last week. At 10.51am, its share price was 14.81% or 2 sen higher at 15.5 sen with 99.09 million shares traded, making it the top most active stock this morning. Last Thursday, its share price rose 3.85% to close 4

June 12, 2018 12:38 PM House prices in Malaysia up 5.8% in 12 months to March

PETALING JAYA: House prices in Malaysia rose 5.8% for the 12-month period ended March 2018, according to Knight Frank's Global House Price Index report. In the past six months between the third quarter of 2017 and the end of the first quarter this year, house prices were up 2%, but they fell marginally by 0.1% in the past three months. Worldwide, Hong Kong registered 3

June 12, 2018 11:22 AM 50% highway toll discount on June 13, 14

KUALA LUMPUR: The 50% discount on toll charges on major highways in view of Aidilfitri, as announced by Prime Minister Tun Dr Mahathir Mohamad recently, will take effect from 12.01am on June 13 up to 11.59pm on June 14. Concessionaire Kumpulan Lingkaran Trans Kota Sdn Bhd (Litrak) said today the discount would be enjoyed by all classes of vehicles on the Damansara-Puchong 3

June 11, 2018 7:16 AM Langkawi road users rise over 10% this Raya celebration

LANGKAWI: The number of vehicles booking the Roll-On, Roll-Off (RORO) ferry services at the Tanjung Lembong port here had shot up 10.94% in the current Hari Raya celebration period as compared to the corresponding period last year. Datuk Azizan Noordin, the chairman of Langkawi Port Sdn Bhd which operates the Tanjung Lembong Port said 2,241 vehicles 6

June 7, 2018 4:51 AM GDB tender book exceeds RM2b mark

KUALA LUMPUR: GDB Holdings Bhd saw its tender book rise to RM2.1 billion as at May 31, 2018 due to participation in more tenders for high-rise projects in the Klang Valley, from RM1.4 billion as at April 23, 2018. The group's current tender book comprises six projects, namely high-rise residential and commercial buildings. Managing director Cheah Ham Cheia 6

May 23, 2018 3:37 PM GST removal seen as boon for property market

PETALING JAYA: The removal of the Goods and Services Tax (GST) will boost sentiments in the property sector, particularly the commercial sub-sector. "Now is a good time to spur demand, a good time to buy and a good time for developers to market their products. Property developers could lower prices or promote packages to push sales during this period 12

May 22, 2018 2:49 PM Indian police kill 12 in protest over copper plant

NEW DELHI: Indian police on Tuesday killed 12 demonstrators after opening fire on thousands of people demanding the closure of a copper factory due to pollution concerns, a police officer said. Protesters rampaged for hours in the southern state of Tamil Nadu calling for the closure of the plant owned by British-based mining giant Vedanta Resources 12

May 18, 2018 4:29 AM Sime Darby Property shares rise on JV with Mitsui

PETALING JAYA: Sime Darby Property Bhd saw its share price rise 1 sen this morning after announcing a joint venture with Japan’s Mitsui & Co Ltd and Mitsubishi Estate Co Ltd. At midday, its share price was 0.69% or 1 sen higher at RM1.45 with 1.86 million shares traded. Yesterday, Sime Darby Property said it will partner the two Japanese firms to develop 11