Ipoh cops deny they stood idly by when fight occurred at flats
IPOH: Police have denied that they did nothing to stop a fight resulting in the death of a 29-year-old man at the Ashby Flats here, says Ipoh OCPD ACP Yahaya Hassan. He said policemen from the Sungai Senam police station rushed to the scene upon receiving a distress call at about 9am Thursday (Nov 25). ACP Yahaya was commenting on a viral photo showing policemen standing at the crime scene, while the suspect is on the floor with the victim. "Policemen managed to break up the fight and three men aged 34, 37 and 60 were arrested. ACP Yahaya urged witnesses to come to the Ipoh district headquarters or to contact investigating officer ASP Azlina Rais Ahmad at 013-628 2176 to assist investigations.
Source:The Star
November 26, 2021 15:43 UTC
‘Extending retirement age possible’
He said the Public Service Department is also prepared to consider this as many individuals are still productive at the current mandatory retirement age of 60. “The World Bank has proposed that Malaysia increase the retirement age of its public-sector workforce in stages since we now have a better life expectancy. Mohd Khairul said this when responding to a question from the media about the possibility of the government raising the retirement age for civil servants. The retirement age for government employees was increased from 55 to 56 in 2001. Mohd Khairul said the government will have to look at several aspects before reviewing the retirement age.
Source:The Star
November 26, 2021 10:09 UTC
CTOS, RCE Capital among 33 counters newly classified as shariah-compliant, says SC
KUALA LUMPUR (Nov 25): Credit rating agency CTOS Digital Bhd and consumer financing firm RCE Capital Bhd are among 33 new entries in Securities Commission Malaysia (SC)'s shariah-compliant securities list. The updated list of shariah-compliant securities listed on Bursa Malaysia will come into effect on Friday (Nov 26). "Thirty-three securities, newly classified by the SAC as shariah-compliant securities, have been added to the list and 25 securities have been excluded from the previous list,” the regulator said. Besides CTOS and RCE, the newly-classified shariah-compliant securities are Ace Innovate Asia Bhd, Advance Information Marketing Bhd, Benalec Holdings Bhd, Carzo Holdings Bhd, CEKD Bhd, Ecomate Holdings Bhd, ES Ceramics Technology Bhd, Farlim Group (M) Bhd, Green Packet Bhd, Haily Group Bhd, ICT Zone Asia Bhd, IJM Plantations Bhd, KNM Group Bhd, Leon Fuat Bhd, Lysaght Galvanized Steel Bhd, Nestcon Bhd, NTMP Holdings Bhd, Parkwood Holdings Bhd, Pekat Group Bhd, Pensonic Holdings Bhd, RTS Technology Bhd, SHL Consolidated Bhd, Southern Cable Group Bhd, Tan Chong Motor Holdings Bhd, TAS Offshore Bhd, Tasco Bhd, Techbond Group Bhd, Tiong Nam Logistics Holdings Bhd, Turiya Bhd, Wang-Zheng Bhd and YB Ventures Bhd. It added that there were 751 shariah-compliant securities out of all 948 listed companies on Bursa Malaysia as at Nov 22.
Source:The Edge Markets
November 26, 2021 01:01 UTC
Kumpulan Perangsang 3Q net profit jumps 58%, declares two sen dividend
Revenue grew 19% to RM360.1 million from RM302.34 million, its bourse filing showed. KPS also announced an interim dividend of RM10.7 million or two sen per share for FY21, payable on Dec 30. Meanwhile, its industrial tooling division saw higher sales, amid stronger traction from new and existing customers, supported by a steady retail sentiment and consumer demand in the US. Looking ahead, the group said supply chain and labour challenges will likely still remain but expects its operations to progress in the next quarter. KPS shares closed unchanged at 73 sen, giving it a market capitalisation of RM392.3 million.
Source:The Edge Markets
November 25, 2021 22:46 UTC
A welcome chance to reconnect
These 4,000-plus travellers will be the pioneers of the VTL via land and air travel. For those like Amelia Lim who have not been able to shuttle back and forth due to prolonged border closures, the VTL-Air scheme is welcome news. The six airlines are Malaysia Airlines, AirAsia, Malindo, Jetstar, Singapore Airlines and Scoot. And at the point of entry, you are once again supposed to do a PCR test (Singapore again allows for the cheaper RTK test). Singapore and Malaysia have strong business ties, with more than 100,000 Malaysians living and working in Singapore.
Source:The Star
November 25, 2021 22:20 UTC
Cover Story: Hiap Teck’s RM3 bil expansion plans for Eastern Steel
Hiap Teck is 28.57%-owned by David, better known as T S Law, who sits on the board as executive deputy chairman. With the planned expansion, contributions to Hiap Teck will be higher despite the lower stake,” he explains. With the RM3 billion investment, Wai Cheong expects Hiap Teck to see significant financial contribution from ESSB from 2023. With this, we can confidently expand and invest in the HRC steel plant, which is targeted to come onstream by 2023,” he reiterates. Overall, Wai Cheong says, the local steel industry still has a lot of potential and Hiap Teck’s outlook is extremely positive.
Source:The Edge Markets
November 25, 2021 19:04 UTC
VTL-Land gets warm welcome
JOHOR BARU: The Vaccinated Travel Lane for land crossings (VTL-Land) via the Causeway, along with flights (VTL-Air) between Kuala Lumpur and Singapore beginning Nov 29 has been welcomed by many. Asked how the entry of nearly 1,500 VTL-Land users from Singapore here each day next week would change things for traders, Mohammad Salezan said: “Something is better than nothing at the moment. Malaysian Budget Hotel Association Johor chairman Jarod Chia was optimistic that VTL-Land would help spur local tourism, which depends greatly on Singapore residents. He said that the launch of VTL-Land coinciding with VTL-Air would enhance bilateral and economic relations between both countries. VTL-Land users can be Malaysian and Singaporean citizens and permanent residents, as well as holders of Malaysia and Singapore long-term passes.
Source:The Star
November 25, 2021 14:10 UTC
Blackpink's Lisa tests positive for Covid-19; Jennie, Jisoo, Rose awaiting results
Lisa from K-pop group Blackpink is down with Covid-19 says her management, YG Entertainment on Wednesday (Nov 24). The company also added that the other three members – Rose, Jisoo and Jennie – were awaiting for their results. However, these three were not listed as close contacts of Lisa. South Korea’s new coronavirus infections rose to an all-time high on Wednesday; 4,116 cases were recorded. The Korea Herald reported that the country's prime minister said the wider Seoul area might return to stricter restrictions if cases continue to surge.
Source:The Star
November 25, 2021 08:40 UTC
Independent consultant highlights gaps in contract management processes at Cahya Mata
KUALA LUMPUR (Nov 24): The independent consultant appointed to review the financial management of certain investment and projects of Cahya Mata Sarawak Bhd (CMSB) has highlighted several key findings, including the existence of gaps in the contract management processes, which contributed to a project’s losses. CMSB intends to make operational improvements such as in the project bidding processes, by tightening control over project costs and strengthening of project management. Additional senior management will be recruited, including a chief risk officer, chief technical officer, head of compliance and chief of staff. The group will also appoint a new group chief financial officer with the relevant capabilities and experience, although Tan Mei Fung will continue as head of finance, pending completion of the appointment. On Aug 30, CMSB announced the ongoing legal investigation into Syed Hizam Alsagoff over allegations of possible financial mismanagement, following a review into the financial management of certain past investments and contracts.
Source:The Edge Markets
November 25, 2021 05:52 UTC
Malaysian trying to save RM100 almost missed RM5,000 flight back home
I was in London, England and my flight back to Malaysia was bound to leave Heathrow Airport in under three hours... and I was nowhere near the place. The fare for the Heathrow Express only costs £20 (RM114). Of the remaining money, £20 (RM143) was supposed to be spent buying a Heathrow Express ticket. By the time I reached Heathrow Airport, it was already 7.15am. Hopefully, once the world is back to “normal”, I would be able to experience going to Heathrow Airport again, without all the mini heart attacks, of course.
Source:The Star
November 25, 2021 03:33 UTC
Abdul Karim sells 4.6% stake in KPower at below market price for RM10.38m
The 25 million shares were sold on two separate occasions, with the first tranche of 21.25 million shares sold on Tuesday (Nov 23) at 40.9 sen per share. KPower shares settled at 56.5 sen on both days. The sale of those shares for about RM10.38 million in total has trimmed Mohd Abdul Karim's stake in KPower to 15.226% comprising 82.65 million shares from 19.832% or 107.65 million shares previously. At the closing price of 56.5 sen apiece on Wednesday, Mohd Abdul Karim's stake in the renewable energy contractor is worth around RM46.7 million. The share trades of Serba Dinamik, together with Sarawak Consolidated Industries Bhd (SCIB) — two companies that Mohd Abdul Karim is actively involved in — have been suspended recently.
Source:The Edge Markets
November 25, 2021 01:19 UTC
Genting Plantations 3Q net profit jumps 67% amid high palm products prices
In its filing with the bourse, Genting Plantations attributed the growth for the quarter to the stronger performance of its plantation segment, underpinned by the increases in prices of palm products. It said the downstream manufacturing segment posted marginally lower year-on-year revenue amid lower sales volume, although this was mitigated by the higher selling prices. Looking ahead, it expects palm oil prices to remain resilient in the remaining part of the year, supported by sustained demand amid global economic recovery, tightness in supply ahead of the upcoming monsoon season, as well as the historically high prices of other substitute oils and fats. The biotechnology segment will continue to develop commercial solutions and applications to enhance the yield and productivity of oil palm, the company noted. It said the outlook for biodiesel, on the other hand, will remain challenging due to the unfavourable palm oil-gas oil spread.
Source:The Edge Markets
November 24, 2021 16:35 UTC
My Say: Shaping a new generation of diplomats
As historians, diplomats must be able to understand the great tides and waves of history that sweep across the globe. Malaysia’s prosperity is profoundly shaped by global dynamics, and their accurate assessment by our diplomats as historians is absolutely essential. I would therefore venture to make what may be an intimidating assertion for some: the new generation of diplomats must also be scientists. The very first diplomats were heralds and messengers, who brought the views of their sovereigns to foreign lands and courts. In the evolving globalised world, diplomats should be ever ready to capitalise on new opportunities in what is a highly competitive environment.
Source:The Edge Markets
November 24, 2021 09:31 UTC
Oil price rises 3% to one-week high after US taps emergency reserves
NEW YORK: Oil prices rose to a one-week high on Tuesday after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations. But analysts said the effect on prices was likely to be short-lived after years of declining investment and a strong global recovery from the COVID-19 pandemic. Brent futures rose $2.61, or 3.3%, to settle at $82.31, while U.S. West Texas Intermediate (WTI) crude rose $1.75, or 2.3%, to settle at $78.50. That was the biggest daily percentage gain for Brent since August and its highest close since Nov. 16. It also pushed Brent's premium over WTI to its highest since mid-October.
Source:The Star
November 24, 2021 08:27 UTC
Two teens face death penalty
They were charged under Section 109 of the Penal Code which was read together with Section 302 of the same Code. Ah Chai, Yeo, Lau and Yap are accused of murdering moneylender Phua Kian Meng in Jalan Batu Nilam 27A, Bandar Bukit Tinggi 2. Yong Seng and Gan are accused of abetting them at the same location. If found guilty, all six men face the death penalty. Police said the deceased had a record of seven offences under the Penal Code.
Source:The Star
November 24, 2021 03:05 UTC