The report was lodged in response to claims that McDonald's Malaysia was a direct contributor to the political conflict. "The claims coming from these parties that say McDonald's Malaysia contributes a fund to Israel is a false and slanderous accusation. Azmir said McDonald's Malaysia had also released a statement on Dec 8 saying they did not support the conflict. Azmir clarified that McDonald's Malaysia is not involved in the programme nor have they contributed anything to JUF as it is a US-based welfare group. "McDonald's Malaysia also have the right to claim compensations from the parties who have contributed to the boycott.

December 14, 2017 04:30 UTC

KUALA LUMPUR (Dec 14): YTL Corp Bhd is expected to see its order book balloon sizeably should it secure a package from the Gemas-Johor Baru electrified double-tracking railway project, say analysts. The overall project was awarded to a consortium of three China-based companies in October last year — China Railway Construction Corp Ltd (CRCC), China Railway Engineering Corp (CREC) and China Communications Construction Co (CCCC). "We estimate YTL's construction order book was valued at RM500 million at end-1QFY18, with most of the works in hand being in-house property development jobs. Retain Add due to improved visibility for rail order replenishments, its potential participation in KL-Singapore HSR and the Gemas-JB rail projects. At 11.46am, YTL Corp shares were up two sen or 1.63% at RM1.25, with a market capitalisation of RM13.22 billion.

December 14, 2017 04:21 UTC

One such operator is Olive Tree Group, which is looking to break into the hospitality industry by setting up boutique hotels in Malaysia. “We operate 12 F&B outlets currently and are looking at increasing the number.”On the hospitality side, the company will be looking at popular tourist spots before establishing hotels. “Cost control plays a big role. “If you manage your cash flow well and be extra careful on spending, it can be good for the business. “The F&B, it is a huge industry and everyone has a fair share of the cake.

December 14, 2017 04:19 UTC

The group recently inked a management agreement with Dubai-based master developer Nakheel for the establishment of a Raffles resort on Palm Jumeirah. The agreement will lead to the opening of PALM360, which will feature Raffles The Palm Dubai Hotel and Raffles Residences PALM360 in 2021. Iconic PALM360, which will have the world’s largest sky pool, luxury hotel and branded residences. PALM360 is the first beach side resort for Raffles in Dubai and the tallest structure on Palm Jumeirah. “Palm Jumeirah has quickly evolved to be one of the most sought-after addresses in the world, offering the ultimate in luxury living and leisure.

December 14, 2017 04:18 UTC

I ATTENDED an event the other day about this new phenomenon called “co-working space”. What was acceptable in the past 20 years has now become unacceptable as potential tenants look for more than just pure office space. But he preferred the co-working office because he wanted to be around people to have a sense of belonging. Will these co-working spaces make traditional office space completely irrelevant? The idea would be to find a balance where both traditional space and the new co-working space could exist in cordial harmony.

December 14, 2017 04:18 UTC

KELANA Jaya will have a new freehold development next year at the former Kelana Jaya Seafood Centre, some 10 years after the popular seafood joint was closed. Property developer and project owner Glomac Bhd is planning to develop Plaza @ Kelana Jaya on the 1.30ha site. The planned Plaza @ Kelana Jaya is within close proximity to Kelab Golf Negara Subang, Giant Hypermarket, PKNS Sport Complex, Paradigm Mall and the Kelana Jaya LRT station. An early commercial space developerPlaza Kelana Jaya, a joint venture between Glomac and PKNS, is a commercial development located within the commercial district in Kelana Jaya. Glomac is also responsible for several other successful developments in Kelana Jaya such as Kelana Business Centre, Kelana Centre Point, Dataran Glomac, Plaza Glomac and Glomac Business Centre.

December 14, 2017 04:18 UTC

TH Properties Sdn Bhd, the property development arm of Tabung Haji, is planning the third phase of One The Waterfront in Australia. Aerial view of TH Hotel and Convention Centre Kuching which is under construction. TH Properties has been gaining international recognition. Its TH Hotel and Convention Centre (THHCC) Kuching in Sarawak bagged the “Best International New Hotel Construction and Design” award at the International Property Awards 2017 in London recently. “TH Properties’ achievement at the International Property Awards underscores the company’s commitment to innovation, high quality and the ability to execute projects with attention to detail,” he said in a statement.

December 14, 2017 04:07 UTC

In Maldives, dining underwater is a new experience for those who don’t dive and wonder what it’s like to enjoy a maritime meal, writes Angela GohI DESCEND a few metres under water. I am at Sea, a fine-dining underwater restaurant at the Anantara Kihavah resort in the Maldives. With very little light pollution, the Maldivian sky glitters with millions of stars. Fortunately it is Wednesday when the weekly lobster and champagne dinner buffet is offered at Plates restaurant and that is where I am headed. HIGHS The underwater restaurant.

December 14, 2017 03:45 UTC

KUALA LUMPUR: Public Bank Bhd 's shares soared to an all-time high of RM21.08 on strong fund buying on Thursday.At 11.27am, it was up 58 sen to RM20.94 with 2.09 million shares done, believed to be funds closing their books for FY17.The surge in Public Bank's share price helped propel the FBM KLCI up 11.60 points or 0.67% to 1,749.26.At the current price, Public Bank is trading at a price-to-earnings of 14.76 times. Its projected P/E for the current financial year is 15.32 times.Kenanga Investment Bank Research has a market perform with a target price of RM21.45. TA Securities Research has a Buy and TP of RM23.60 while DBS Vickers hada Buy and TP of RM24.20.

December 14, 2017 03:33 UTC

KUALA LUMPUR: Condor Airlines, from Germany, is set to commence its Frankfurt-Kuala Lumpur route during the Northern Winter in 2018. Condor Airlines finalised its decision to operate its maiden flight to Malaysia during the World Travel Market in London last month. “Malaysia Airports and Tourism Malaysia have been working hand-in-hand in wooing airlines from Europe, and the entrance of Condor Airlines will enhance the connectivity from Europe to Malaysia,” he said. I am also proud that the collaboration that Malaysia Airports and Tourism Malaysia had recently established is instrumental to woo airlines like Condor Airlines to start its operations to Malaysia,” he said. The establishment of this initiative is timely as it augurs well for new airlines like Condor Airlines that need to develop inbound tourism into Malaysia.

December 14, 2017 03:22 UTC

COMMUTERS are looking forward to better service once the takeover of the main transport company in Putrajaya is completed. Residents had feared the Nadi Putra bus depot in Jalan P9 would become a permanent graveyard for buses if action was not taken. “There is no denying Nadi Putra buses are constantly late, especially during peak hours,” said Putrajaya Subzone B MPPWP chairman Roslan Abu Hanif. Many of the buses at the Nadi Putra bus depot in Precinct 9 are in a bad state after having been left there for a prolonged period. The spokesman for Nadi Putra said to prevent further theft, especially of spare parts, vehicle doors will be locked at the Jalan P9 bus depot.

December 14, 2017 03:07 UTC

KUALA LANGAT: Senior citizens Chia Tee Nang, 73, and Lim Mai Shak, 68, had just returned home from a holiday in Vietnam two days ago. Instead, Tee Nang and Lim died with two of their grandchildren early yesterday morning, victims of brutal parang-wielding, masked robbers who slashed them before setting their house on fire. The couple were believed to have been murdered together with Ryan Chia Zeng Xi, 10, and Chia Yuan Bin, three. According to Chia, the elderly couple had four children and one of them died many years ago. “He (Tee Nang) is my father’s elder brother.

December 14, 2017 03:00 UTC

KUALA LANGAT: An elderly couple and their two grandsons were believed to have died after their wooden house was razed to the ground. Tragic end: Lim (left) and Chia perished in the fire together with their grandsons Ryan and Yuan Bin (inset). They found slash marks on the victims, leading police to conclude that the victims were murdered before the house was set on fire. Devastating sight: Firefighters inspecting the razed wooden house in Tanjung Sepat. Selangor Fire and Rescue Depart­ment assistant director (operations) Mohd Sani Harul said the distress call was received at 6.08am.

December 14, 2017 03:00 UTC

SAN FRANCISCO: Apple Inc's US$390mil (RM1.5bil) deal with chip supplier Finisar Corp announced on Wednesday helps lock in the supply of a component that Apple believes will play a big role in its future products by bolstering augmented reality features. Apple awarded Finisar US$390mil (RM1.5bil) from a US$1bil (RM4.07bil) fund dedicated to American manufacturing. While Apple almost never talks about forthcoming products, chief executive officer Tim Cook has been uncharacteristically vocal about Apple's future focus on AR, calling it a "big and profound" technology shift. Apple released tools for app makers to start creating AR apps over the summer and enabled it on all iPhones back to the iPhone 6s. Analysts believe Apple's deal with Finisar means it will be entitled to the production capacity that results.

December 14, 2017 02:15 UTC

CHICAGO: DTLR Inc, a US lifestyle retailer, has selected ShopperTrak in-store traffic analytics solution, to provide shopper behavior insights across all 107 stores in 12 states and Washington D.C. Following a successful pilot, DTLR deployed the ShopperTrak perimeter analytics solution and related advisory services to position the importance of shopper traffic, conversion, and other key metrics across the organisation. ShopperTrak advisory services utilised include store segmentation, peer grouping, goal setting and field-level training to help better understand shopper traffic and how to best leverage the new data insights. ShopperTrak Traffic Insights’ advisory services team identifies opportunities and makes recommendations on a store-level basis for DTLR, with individualized scorecards and regular one-to-one engagement with district managers. As a result, DTLR store managers are highly informed and empowered to adjust strategies, provide performance-based coaching, and ultimately to improve key metrics.

December 14, 2017 02:03 UTC