EVENING 5: Five things you need to know today
Category : O. News
EVENING 5: Five things you need to know today Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Malaysia’s economy…
Tun M: Govt to study tax structure on airline passengers
Category : O. News
SEPANG (Aug 16): The Government will study the tax structure imposed on passengers of low-cost and full service airlines as it is not fair for everyone to pay the same amount, said Tun Dr Mahathir Mohamad. “We are studying (the tax). Obviously, if you ch
Zakir Naik’s PR status can be revoked — Dr Mahathir
Category : O. News
SEPANG (Aug 16): Prime Minister Tun Dr Mahathir Mohamad said today that the Permanent Resident (PR) status of Islamic preacher Dr Zakir Naik could be revoked if his actions are proven to cause harm to the country’s well-being. However, he said the Government
FBM KLCI ends the week below 1,600 level
Category : O. News
KUALA LUMPUR (Aug 16): The FBM KLCI closed below the 1,600 crucial level today despite the broader market showing mixed signals and regional markets displaying a slight rebound towards the end of the trading week. The benchmark index closed the day 1.07 points
Zakir Naik lodges report, files notice of demand on HR Minister
Category : O. News
KUALA LUMPUR (Aug 16): Controversial preacher Dr Zakir Naik has lodged a police report at the Shah Alam police station today against Human Resources Minister M Kulasegaran and also served a notice of demand against him for defamation over his comments that was
Election Court nullifies Anifah’s GE14 win
Category : O. News
KUALA LUMPUR (Aug 16): The Election Court in Kota Kinabalu has nullified former foreign minister Datuk Seri Anifah Aman’s parliamentary seat win in the 14th general election. Kuching High Court judge Datuk Lee Heng Cheong, who heard the election petition
IRB’s suit against Najib: Court sets Sept 6 to fix hearing date for stay application, summary judgement
Category : O. News
KUALA LUMPUR (Aug 16): The High Court has set Sept 6 to fix the hearing date for two separate applications by Datuk Seri Najib Razak and the Inland Revenue Board (IRB) in relation to the RM1.69 billion income tax claimed against the former premier for the asse
Malaysia’s GDP bucks regional slowdown, FX rules eased to boost liquidity
Category : O. News
KUALA LUMPUR (Aug 16): Malaysia’s economy grew faster-than-expected in April-June and became the first Southeast Asian nation to report an acceleration in growth from the previous quarter, driven by stronger consumer spending and palm oil production. The reg
Here’s what you need to know about Huawei’s Ark Compiler – which can port Android apps to new OS
Category : O. News
(Aug 16): Huawei Technologies officially unveiled its self-made operating system, Harmony OS, in China last week as the world’s second-largest smartphone vendor continues to battle the effects of being put on a US trade blacklist in May. Huawei’s Harmony O
Hong Kong tycoon Li Ka-shing urges love, not violence, in first protest comments
Category : O. News
HONG KONG (Aug 16): Hong Kong’s richest man, Li Ka-shing, urged people to “love China, love Hong Kong and love yourself” on Friday in his first public comments on the escalating pro-democracy protests that have disrupted the city for weeks an
Outlook: Stay invested but be cautious
Category : O. News
Headlines on the rocky progress made in the trade negotiations between the US and China have often rocked financial markets. This has made many investors anxious and even tempted to take their investments off the table. But this is no reason to be all out bear
Insider Moves: Zecon Bhd, LKL International Bhd, Mega Sun City Holdings Bhd, Fitters Diversified Bhd, London Biscuits Bhd
Category : O. News
Notable filings ON July 18, little-known Digital Network Sdn Bhd re-emerged as a substantial shareholder of construction, property development and hospital maintenance company Zecon Bhd, after subscribing for 14.69 million shares through the company’s privat
Govt renews Lynas’ operating licence for six months
Category : O. News
KUALA LUMPUR: The Pakatan Harapan government yesterday announced it would renew the operating licence of Lynas Malaysia Sdn Bhd for a further six months, but has effectively given the rare earth mining company the green light to operate for another four years.
Slight uptick in property sales but no reprieve for the overcommitted, says expert
Category : O. News
Those who invested in residential property may have to bite the bullet and sell their properties at a much cheaper price, says real estate agent Ernest Cheong. PETALING JAYA: An expert cautions that the worst is not yet over for those struggling to find buyers
Clever storage ideas that put clutter in its place
Category : O. News
A neat and tidy home is an inviting space to relax in. (rawpixel.com pic) The one thing you look forward to doing after an exhausting day at the office is to rest and relax in the comfort of your home. But a messy home, with pots and pans, books and toys and e
EWI aims for another 1,000 build-to-rent units this year
Category : O. News
LONDON (Aug 15): Eco World International Bhd (EWI) is eyeing to add on another 1,000 units build-to-rent (BtR) to its portfolio this year, said Matthew Pullen, chief operating officer of residential investment of EWI’s 70%-owned joint venture, EcoWorld L
KLCI pares loss on firmer GDP, steadying regional markets
Category : O. News
KUALA LUMPUR (Aug 16): The FBM KLCI pared some of its loss at the midday break today, as regional markets steadied and Bank Negara Malaysia released firmer domestic economic growth data. Malaysia’s economy has recorded a strong growth of 4.9% for the sec
Powell Expected to Seek Another Cut Despite Strong Spending
Category : O. News
(Aug 16): The U.S. data pouring in supports Federal Reserve Chairman Jerome Powell’s forecast of solid economic growth and higher inflation. Still, economists remain confident that Powell will cut interest rates again next month as insurance against a global
Hong Kong protests go global, roiling China’s fractured diaspora
Category : O. News
CANBERRA (Aug 16): Melbourne-based public health student Edwin Kwong is thousands of miles from Hong Kong, but he said his life has changed since his hometown descended into near-constant protest 11 weeks ago. Kwong now avoids contentious political talk at his
Renting houses online will cost you more, experts caution
Category : O. News
Property experts say customers with poor credit ratings will have to pay more expensive rental fees. PETALING JAYA: An industry player has warned that while renting houses through online platforms is gaining in popularity, would-be tenants may find themselves
Zakir Naik’s PR status can be revoked — Dr Mahathir
Category : O. News
SEPANG (Aug 16): Prime Minister Tun Dr Mahathir Mohamad said today that the Permanent Resident (PR) status of Islamic preacher Dr Zakir Naik could be revoked if his actions are proven to cause harm to the country’s well-being. However, he said the Government
Goldman’s star in Hong Kong turns into 1MDB scandal’s enigmatic man
Category : O. News
NEW YORK (Aug 16): Andrea Vella was Goldman Sachs’s top dealmaker in Hong Kong. He had a nose for splashy trades, a fondness for the Bentley Continental, and a vague enough resemblance to George Clooney that there was even a joke among some bankers: “What
Malaysia’s GDP bucks regional slowdown, FX rules eased to boost liquidity
Category : O. News
KUALA LUMPUR (Aug 16): Malaysia’s economy grew faster-than-expected in April-June and became the first Southeast Asian nation to report an acceleration in growth from the previous quarter, driven by stronger consumer spending and palm oil production. The reg
Malaysia GDP grows 4.9% in 2Q19, driven by services, manufacturing
Category : O. News
KUALA LUMPUR (Aug 16): Malaysia’s economy expanded 4.9% in the second quarter of 2019 (2Q19), after posting a growth of 4.5% during 1Q19, according to the Department of Statistics Malaysia. In a statement today, chief statistician Malaysia Datuk Seri Dr
MAHB suit against AirAsia over defamatory statements to be heard on Sept 6
Category : O. News
KUALA LUMPUR (Aug 16): Malaysia Airports Holdings Bhd (MAHB) and Malaysia Airports (Sepang) Sdn Bhd’s (MASSB) defamation suit against AirAsia Bhd and AirAsia X Bhd (AAX) relating to several AirAsia Newsroom articles will be heard in the High Court next m
LTKM, Radiant Globaltech, SCIB | The Edge Markets
Category : O. News
KUALA LUMPUR (Aug 16): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia’s afternoon market close today. All three stocks displayed positive momentum.  Stocks with positive momentum were: LTKM Bhd – unchanged at RM1.35 Radia
Look for interesting themes, says Principal Real Estate Investors
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Real estate investment trusts (REITs) are sometimes thought of as a dull, defensive asset class that is not involved in the exciting growth trends powering today’s global economy, compared with other alternative asset classes. However, Koh Shern-Ling, portfo
KLCI stays lacklustre ahead of release of 2Q GDP data
Category : O. News
KUALA LUMPUR (Aug 16): The FBM KLCI remained lacklustre at mid-morning today as investors awaited Bank Negara Malaysia’s announcement of Malaysia’s second quarter 2019 gross domestic product growth data. At 10am, the FBM KLCI fell 6.11 points to 1,
KLCI pares loss on firmer GDP, steadying regional markets
Category : O. News
KUALA LUMPUR (Aug 16): The FBM KLCI pared some of its loss at the midday break today, as regional markets steadied and Bank Negara Malaysia released firmer domestic economic growth data. Malaysia’s economy has recorded a strong growth of 4.9% for the sec
IRB’s suit against Najib: Court sets Sept 6 to fix hearing date for stay application, summary judgement
Category : O. News
KUALA LUMPUR (Aug 16): The High Court has set Sept 6 to fix the hearing date for two separate applications by Datuk Seri Najib Razak and the Inland Revenue Board (IRB) in relation to the RM1.69 billion income tax claimed against the former premier for the asse
Investing in REITs? Check these three themes out
Category : O. News
This article first appeared as ‘Look for interesting themes, says Principal Real Estate Investors’ in Personal Wealth, The Edge Malaysia Weekly, on August 5, 2019 – August 11, 2019. Real estate investment trusts (REITs) are sometimes thoug
Investing in REITs? Check these three themes out
Category : O. News
This article first appeared as ‘Look for interesting themes, says Principal Real Estate Investors’ in Personal Wealth, The Edge Malaysia Weekly, on August 5, 2019 – August 11, 2019. Real estate investment trusts (REITs) are sometimes thoug
Investing in one property motivates the purchase of the next
Category : O. News
Wealth creation begins with the second property. You should take predictions of how the property market will perform in the future with a pinch of salt. This is because most property market predictions are usually false. However, reference to some advanced pro
Insider Moves: Zecon Bhd, LKL International Bhd, Mega Sun City Holdings Bhd, Fitters Diversified Bhd, London Biscuits Bhd
Category : O. News
Notable filings ON July 18, little-known Digital Network Sdn Bhd re-emerged as a substantial shareholder of construction, property development and hospital maintenance company Zecon Bhd, after subscribing for 14.69 million shares through the company’s privat