European shares slide 2% as China Evergrande's troubles cast shadow
The pan-European STOXX 600 index was down 2.2% by 1212 GMT, with mining stocks plunging 5.2% on a slide in commodity prices. Asian equities ended sharply lower following a torrid session for China Evergrande Group, the world's most indebted property developer. Overall, 16 central banks are scheduled to hold meetings this week, including in the UK, Norway, Switzerland and Japan. China-exposed luxury stocks such as LVMH, Kering , Hermes and Richemont fell between 2% and 3.2%, extending sharp losses from last week. All major European subindexes were lower, with healthcare , utilities, food and beverage and real estate posting the smallest declines.
Source:The Star
September 20, 2021 12:45 UTC
HK star Nicholas Tse earns RM30mil in less than a year through stock investments
Hong Kong singer-actor Nicholas Tse, 41, was in the news recently for saying he’s renouncing his Canadian citizenship to become a Chinese citizen. His other entrepreneurial ventures include in the food industry via his own restaurant and food brand, Chef Nic. In a report by a Taiwanese magazine last year, Tse has a net worth of more than NT$4bil (RM589mil). A new report by Hong Kong media reveals that the Live Viva singer has become even wealthier – he’s earned over HK$56.6mil (RM30mil) in less than a year from dabbling in stock investment. This means, Tse can’t sell the stocks he owns during this period.
Source:The Star
September 20, 2021 12:00 UTC
411 suicide attempts from March 2020 till Aug this year, Dewan Rakyat told
KUALA LUMPUR: A total of 411 suicide attempts has been recorded since the movement control order (MCO) was enforced in March last year, says the Women, Family and Community Development Ministry. The ministry said based on data from the Home Ministry, there were 190 suicide attempts from March until December last year, and another 221 from January to August this year. The figure was provided in response to Su Keong Siong (PH-Kampar), who asked the ministry to state figures and statistics in regards to suicide attempts and domestic violence since the MCO began. Su also asked about the government's plans in addressing rising suicide attempts and domestic violence across the country. There has been a rise in mental health issues following the pandemic.
Source:The Star
September 20, 2021 11:37 UTC
Former govt staff, acquaintance charged with migrant smuggling
KUALA LUMPUR (Sept 20): A former government contract staff and his female acquaintance were arraigned in the Sessions Court here today on charges of smuggling seven Indonesians. Jafperi Noor, 54, and Rohani, 49, an Indonesian, pleaded not guilty after the charges against them were read before Judge Rozina Ayob. They were alleged to have jointly committed migrant smuggling against six men and a woman, all aged between 24 and 51, at a civil servants' quarters at Jalan Kasturi P17 (Jalan P17), Precinct 17 in Putrajaya at 10.15pm on June 22. Lawyer Farhan Maarof, who represented Jafperi, requested bail on the grounds that the accused had cooperated well throughout the investigation. Meanwhile, lawyer K. Vijeyini who represented Rohani did not make any bail request.
Source:The Edge Markets
September 20, 2021 10:52 UTC
Former govt employee and acquaintance charged with migrant smuggling
KUALA LUMPUR (Bernama): A former government contract employee and his woman acquaintance were arraigned in the Sessions Court here on Monday (Sept 20) on charges of smuggling seven Indonesians. Jafperi Noor, 54, and Rohani, 49, an Indonesian, pleaded not guilty after the charges against them were read before Sessions judge Rozina Ayob. They were alleged to have jointly committed migrant smuggling of six men and a woman, all aged between 24 and 51, at civil servants' quarters at Jalan Kasturi P17 (Jalan P17), Precinct 17 in Putrajaya at 10.15pm on June 22. Lawyer Farhan Maarof, who represented Jafperi, requested bail on the grounds that the accused had cooperated throughout the investigation. Lawyer K. Vijeyini, who represented Rohani, did not make any bail request.
Source:The Star
September 20, 2021 10:52 UTC
Shafee purchased bungalow in Bukit Tunku with RM9.5mil received from Najib, court told
MACC assistant commissioner, Mohd Nasharudin Amir, said Muhammad Shafee admitted this when giving his statement to the MACC on July 28, 2017. Zulfaqar said Muhammad Shafee also informed he provided legal services to clients from Barisan Nasional over election petitions from 2004 to 2006, in which 46 files were opened. "Muhammad Shafee also explained that he had met Najib on Sept 5, 2013, and stated that the total cost of legal services provided was about RM12mil. "During the meeting, Muhammad Shafee confirmed that he had informed Najib that he needed money to buy a house worth RM9.5mil and Najib told him to take RM9.5mil first before issuing two checks worth RM4.3mil and RM5.2mil respectively. "According to Muhammad Shafee, Najib agreed that the RM9.5 million would be a loan until Najib comes up with a rationalisation (for the payment),” the witness said.
Source:The Star
September 20, 2021 10:30 UTC
Company that illegally brought in e-waste into Malaysia fined
PUTRAJAYA (Sept 20): A Hong Kong-based company which container was detained by Malaysian authorities in February this year has been convicted by a Hong Kong court for violating the Waste Disposal Ordinance (WDO). Department of Environment (DoE) director-general Wan Abdul Latiff Wan Jaffar, in a statement today, Union Fortune Limited was charged in the Fanling Magistrate’s Court on Sept 14 and fined HKD13,000 (about RM7,000) for violating the WDO. Wan Abdul Latiff said a container was detained in Malaysia on Feb 21 by the Royal Malaysian Customs Department, as a result of cooperation and information sharing between the two countries’ enforcement agencies on illegal transboundary movement activities. The container was sent back on April 8 and arrived in Hong Kong on May 6. Meanwhile, Wan Abdul Latiff said the DoE had so far detained 151 containers carrying illegal scheduled wastes with 67 of them having been sent back.
Source:The Edge Markets
September 20, 2021 10:18 UTC
Commodities on a rebound
Here, we take a look at the performance of some of these commodities over the past three months. Saxo Bank’s Hansen says gold prices have been struggling amid expectations of reduced (monetary policy) support from the Fed, thus raising the prospects of higher bond yields. Brent crude, CPO prices continue to climbThe prices of two commodities vital to the Malaysian economy — Brent crude oil and crude palm oil (CPO) — continued to display resilience amid the pandemic. Brent crude oil prices have increased 39% year to date, to US$72 per barrel last Monday. “This was mainly on external support of firm soybean oil prices and a lower annual palm production outlook.
Source:The Edge Markets
September 20, 2021 06:00 UTC
Former IGP Hanif apologises to Kit Siang, defamation suit settled
Hanif read in a statement: "I hereby express my unreserved apology for the statements I made about Lim Kit Siang during the convention on Sept 6, 2018. "I also retract in entirety my tweet dated Sept 7, 2018," the DAP leader said. Kit Siang was represented by counsel Sangeet Kaur Deo, while Datuk Muralee Menon appeared for Hanif. “We admit that we erroneously reported that the plaintiff (Kit Siang) wanted Malaya to be divided into two — that is the East Coast for the Malays and the West Coast for the Chinese. Kit Siang also claimed that the second defendant in the suit (Sinar Harian) acted maliciously by publishing the defamatory words.
Source:The Edge Markets
September 20, 2021 04:31 UTC
Xi’s celebrity crackdown no match for Universal Studios in China
Fliggy, an online travel site operated by Alibaba Group Holding Ltd., last week apologized for overselling the 500 yuan Universal Express Pass that lets visitor skip lines. “Universal Beijing Resort is popular with the Chinese because there is part of the global culture that the Chinese thirst for,” Ni added. “Beijing is trying to reinforce this dichotomy between ‘Chinese’ and ‘foreign,’ but there is still much admiration and curiosity for foreign cultures in China. I shared my rollercoaster ride at Universal Studios Beijing with my @USChinaBusiness friends, which reminded me of the shape of China-US relations. Universal Beijing Resort didn’t respond to a question on how it would deal with China’s requests.
Source:The Edge Markets
September 20, 2021 04:18 UTC
List of walk-in PPVs for teens to be announced on Tuesday (Sept 21), says KJ
PUTRAJAYA: Teenagers aged 12 to 17 will be able to walk in for their Covid-19 vaccination at selected PPVs (Covid-19 vaccination centres), says Khairy Jamaluddin. The Health Minister said the ministry will be announcing the list of selected PPVs on Tuesday (Sept 21). “Tomorrow, we will be announcing a list of PPVs in states where teenagers can walk in and receive their vaccination. Khairy said for the walk-in process for teens, parents or guardians must accompany their children. The minister said the government is targeting at least 60% of teens to receive at least one vaccination dose by November, and at least 80% by January next year.
Source:The Star
September 20, 2021 03:59 UTC
Instant Cafe Theatre revisits 'Air Con', a play about boyhood, dark discoveries
The Instant Cafe Theatre (ICT) is bringing back one of its most hard-hitting plays Air Con, which originally made its debut in 2008, for an online archive screening later this week. The original 2008 cast of 'theatre show Air Con' (from left) Zahiril Adzim, Amerul Affendi, Nicholas Liew Davis, Ahmad Firdaus Che Yahaya, Tengku Hazarul and Ryan Lee Baskaran. Shanon enlisted in Instant Cafe Theatre's Firstworks series and attended workshops, laboratories and readings which resulted in his debut script 'Air Con' in 2008. “Air Con is arguably Instant Cafe’s most beloved production, depending when you started going to the theatre,” she adds. Flashback: Zalfian Fuzi (left) and Jo Kukathas directed 'Air Con', a production under Instant Cafe Theatre’s Firstworks banner in 2008.
Source:The Star
September 20, 2021 03:51 UTC
Quick take: PMB Tech rises 8%, hit record high
KUALA LUMPUR: PMB Technology Bhd , which has been on an uptrend, climbed over 8% to a record high in early trade Monday. PMB Technology is an investment holding company, which engages in the manufacture and sale of aluminum products. Press Metal Aluminium Holdings Bhd is PMB Technology’s largest shareholder with a 20.87% stake. In the second quarter ended June 30, PMB Technology’s net profit surged to RM11.58mil against RM1.36mil in the same quarter a year ago. In the first six months to June 30, PMB Technology posted a net profit of RM18.2mil on revenue of RM340.07mil.
Source:The Star
September 20, 2021 01:52 UTC
Calm before the storm? HTAR frontliners take stock of pandemic toll
Similar to soldiers swapping stories from the trenches, HTAR staff have their own horror stories to tell. "Things were topsy turvy, we were hardly meeting the needs and we did see the queuing up of Covid-19 patients in the department. HTAR nurses who spoke to Bernama said they felt overwhelmed in July and early August as they often found themselves short-staffed. It’s just that the current disaster is ongoing,” said HTAR director Dr Zulkarnain Mohd Rawi. Dr Hariyati said so far, more than 162 frontliners at HTAR have chosen to use the Mercy Malaysia psychosocial services, adding many were concerned with confidentiality.
Source:The Star
September 20, 2021 01:52 UTC
Ringgit drops against greenback ahead of monetary policy meetings
At 9 am, the local note slipped by 135 basis points (bps) to 4.1835/1885 from 4.1700/1730 at last Friday’s close. "Similarly, the US Fed had raised its inflation forecast from 2.4 per cent to 3.4 per cent,” he said. As such, Mohd Afzanizam expects the ringgit to lean on the weaker side today. Meanwhile, Kenanga Research said the ringgit’s direction this week would mainly be influenced by the US and China central bank policy meetings. - BernamaArticle type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights
Source:The Star
September 20, 2021 01:41 UTC