'Dory,' 'Deadpool', DeGeneres win big at People's Choice awards

LOS ANGELES: “Finding Dory” and “Deadpool” were the big screen’s big winners at the People’s Choice awards where comedian Ellen DeGeneres made history by taking home the show’s most trophies over a career. Favorite movie and favorite family movie both went to “Finding Dory,” Pixar’s animated tale of a forgetful fish who is on a quest to find her parents. DeGeneres, who played Dory, won the award for favorite animated movie voice. Superhero blockbuster “Deadpool,” meanwhile, won for favorite action movie, while its star Ryan Reynolds took favorite movie actor. Television fans chose “Outlander” for favorite TV show while “The Big Bang Theory” won favorite network TV comedy.

January 19, 2017 10:39 UTC

Rain and Kim Tae-hee wed - Regional

SEOUL: Rain and Kim Tae-hee held a private wedding ceremony Thursday at Gahoe-dong Cathedral in central Seoul. Rain wore a black suit while the bride wore a white dress that hit above knee. In celebration of the new couple, Park sang “Only You,” the song he had written in dedication to his own wife. The venue was guarded by private security guards hours before the ceremony, blocking a group of reporters from getting a glimpse of the superstar couple. Rain and Kim started dating in the fall of 2012, with news hitting the public on Jan. 1, 2013.

January 19, 2017 08:57 UTC

Arsenal's Koscielny launches passionate defence of Wenger - Football

Despite winning the FA Cup twice in the last three campaigns, Wenger has come under growing pressure for his failure to guide Arsenal to the Premier League title since 2004. "You may say that we haven't won the title for a long time, but he has not just built players, he's built men too. Every player who has played for Arsenal has grown here and has become a man," Koscielny told the club's website. He's passionate about football. He loves football and he loves to watch his team play well with the ball.

January 19, 2017 08:46 UTC

No stopping me this year

No stopping me this yearLAST Sunday, I did my first run for the year. Soon, we will have the first long weekend with the Chinese New Year celebrations on Jan 28-29. With these long weekends, we can practically save our precious annual leave for more regular short trips or for longer holidays in further destinations. By the look of it, with these long weekends, all my travel plans may go as planned. Zalina Mohd Som is an easy-to-please traveller, as long as there’s coffee and chilli.

January 19, 2017 08:01 UTC

Bank Negara keeps interest rate at 3%

KUALA LUMPUR (Jan 19): As expected, Bank Negara Malaysia (BNM) left its benchmark interest rate unchanged at 3% today at its first Monetary Policy Committee (MPC) meeting of the year. The central bank had reduced the overnight policy rate (OPR) by 25 basis points to 3% on July 13, 2016. The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation," it added. On the global front, BNM said the global economy is projected to expand at a slightly faster pace this year. "Nevertheless, heightened uncertainty and downside risks to global growth remain, arising from risks of protectionism, geopolitical developments and commodity price volatility.

January 19, 2017 07:09 UTC

Foreign investments pose no harm to domestic elements, says InvestKL CEO

KUALA LUMPUR: There would not be any cannibalism to domestic elements with continuous inflows of foreign investments, especially from China, said InvestKL chief executive officer Datuk Zainal Amanshah. "It is also important to recognise that we are now attracting high value and high skilled investments - creating opportunities for real estate and talents. "That will create different opportunities for different types of demand," he told reporters at InvestKL's 2016 updates and 2017 market outlook here, today. A media report earlier quoted former Deputy Prime Minister Tan Sri Muhyiddin Yassin as saying that the aggressive move to attract such investments will threaten Malaysia, criticising the inflow of mainland China investments into Malaysia. He was reported to have accused Prime Minister Datuk Seri Najib Razak of “opening the floodgates for foreign power to influence local political parties”.

January 19, 2017 06:38 UTC

MIER lowers M'sia's growth outlook to 4.5 per cent in 2017

KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has lowered its growth outlook this year to 4.5 per cent, saying external demand is not likely to be as strong as expected. Dr Zakariah also highlighted that a rise in protectionist sentiment in developed economies, thanks to recent political developments across the world, will affect growth. Export demand has been downgraded to 1.3 per cent from an initial forecast of 3.0 per cent a year. MIER has maintained its GDP growth projection for 2016 at 4.2 per cent, led by domestic demand. For 2018, the economy is expected to grow at a faster clip of between 4.7 per cent and 5.3 per cent, as the think tank expects both domestic and export demand to improve further.

January 19, 2017 06:38 UTC

M'sian automotive sales slump to lowest level in six years

KUALA LUMPUR: Malaysia’s automotive sales have hit their lowest level in six years to 580,124 units in 2016. However, the Malaysian Automotive Association (MAA) expects sales to grow slightly to 590,000 units in 2017. Automotive sales for 2016 barely passed the year’s target of 580,000 units. The last time the total industry volume (TIV) was below the 600,000 mark was in 2009 at 536,906 units. Aishah said that the automotive market for 2017 remains challenging due to global economic uncertainties, the depreciation of the ringgit and stringent approvals on hire purchase loans.

January 19, 2017 06:38 UTC

MACC: Civil servants who report graft to get rewards matching the bribe - Nation

He added that this was to encourage civil servants to report bribery, which would in turn eradicate corruption altogether. However, said that only 162 civil servants had reported instances bribery despite the incentive. "There are 1.6 million civil servants, so only 0.01% of them have reported cases. We do not want this," he added, urging more civil servants to step up against corruption. Sadly not many civil servants are willing to step up, although we have the Witness Protection Act and Whistleblower Protection Act," he said.

January 19, 2017 04:43 UTC

Shell Refining board tells minorities: Reject Malaysia Hengyuan offer - Business News

KUALA LUMPUR: The board of Shell Refining Company (Federation of Malaysia) Bhd and the independent adviser have advised the minority shareholders to reject the takeover offer from Malaysia Hengyuan International Ltd.Independent adviser AmInvestment Bank said on Thursday the offer price of RM1.92 per offer share was not fair as it was 53.8% to 59.6% below the range of fair value per share based on discounted cashflow (DCF) valuation of between RM4.16 and RM4.75 per share.It also said the offer was a 61.13% to 65.76% below the closing market price as well as historical volume weighted average price (VWAP) of the shares up to the acquisition announcement, which ranged from RM4.94 to RM5.6082.AmInvest added it was 7.72% to 47.73% below the closing market price as well as historical VWAPs Refining shares up to the notice’s last trading date ranging from RM2.3334 to RM3.6735,” it said.“Based on the DCF valuation, the equity value attributable to each SRC Share ranges from approximately RM4.16 to RM4.75,” it said.Shell Refining's board (except for the interested directors) also concurred with the independent adviser's recommendation.It said the offer was not fair and not reasonable and “recommends that holders of offer shares reject the offer”.

January 19, 2017 04:12 UTC

Pokémon Go: New update fixes GPS drift - Tech News

If you've been playing Pokémon Go for a while you'll probably have noticed the so-called "GPS drift" where even though you're standing in one place without moving, your avatar in the game is walking around in a slow circle or occasionally running a few hundred metres away. Well, today, the folks at Niantic have released an update that, amongst other things, attempts to fix GPS drift so your character doesn't wander off too far anymore. We've tried the new update and while it doesn't completely fix GPS drift, it does limit the distance your avatar drifts away from your actual location. Nevertheless, the update also introduces a number of minor "text fixes" and an updated Apple Watch app that now also displays eggs obtained from PokeStops. Version 0.53.1 for Android and version 1.23.1 for iOS is available in Google Play now and the App Store respectively.

January 19, 2017 04:00 UTC

Vehicle sales down 13% last year, its first decline after six years - Business News

SUBANG JAYA: Malaysian automotive sales plunged 13% year-on-year to 580,124 units in 2016, its first decline after six consecutive years of growth.Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad attributed the weaker sales to the moderating economy, lower consumer spending and cautious business sentiment.Vehicle sales hit a record-breaking 666,674 units in 2015.Going into 2017, the MAA is projecting total industry volume (TIV) to hit 590,000 units. "Introduction of new models with the latest additional specifications, design styles and at a very competitive prices can assist to sustain buying interest," Aishah said at a briefing on Malaysia's 2016 auto sales review.At 580,124 units, sales last year narrowly met the MAA's target of 580,000 units for 2016.The last time TIV fell short of the 600,000-mark was in 2009 at 536,905 units. In 2010, sales hit 605,156 units.

January 19, 2017 03:56 UTC

Axiata raises RM2.7b via stake sale

KUALA LUMPUR: AXIATA Group Bhd has raised US$600 million (RM2.7 billion) from its record maiden private placement of a substantial stake in edotco Group. Axiata signed definitive agreements of the private placement with Innovation Network Corp of Japan (INCJ) and Khazanah Nasional Bhd yesterday. Public-private investment firm INCJ and Khazanah had subscribed for US$400 million and US$200 million, respectively, of primary and secondary edotco shares, said Axiata in a statement yesterday. edotco is an integrated telecommunications infrastructure services company that provides end-to-end solutions in the tower services sector from tower leasing, co-locations, build-to-suit, energy, transmission and operations and maintenance. “We are determined to make edotco a world-class business and one of the world’s largest independent tower companies by 2020,” he added.

January 19, 2017 03:43 UTC

Icon Offshore seals merger deal with UMW O&G

KUALA LUMPUR (Jan 19): Icon Offshore Bhd, which is controlled by Ekuiti Nasional Bhd (Ekuinas), and UMW Oil & Gas Corp Bhd (UMW OG) is believed to have sealed a merger exercise, according to industry sources. UMW OG is a 55.7%-owned subsidiary of UMW Holdings Bhd, in which Permodalan Nasional Bhd controls a 47.83% stake. Ekuinas holds controls a 44.69% stake in Icon Offshore through Hallmark Odyssey Sdn Bhd (42.28%) and Sempena Focus Sdn Bhd (2.41%). However, the detail of the merger exercise between UMW O&G and Icon Offshore is not known at the time of writing. Icon Offshore, UMW Holdings and its O&G unit have voluntarily suspended their shares from trading this morning.

January 19, 2017 03:20 UTC

Longhouse chief cum fake bomoh arrested in Miri - Nation

MIRI: He is a longhouse chief, but on the side, doubles as a fake bomoh and land-dealing swindler. The 60-year-old man and a 41-year-old woman, believed to be his partner-in-crime, were arrested by the Miri police in liaison with the Bintulu police. The duo were nabbed in a hotel in Bintulu town located 250km south of Miri two days ago and brought to Miri for further investigation Thursday. Miri police chief Asst Comm Khoo Leng Huat confirmed the arrests. "They are suspected of being involved in a syndicate that cheated people on welfare issues – fake bomoh services and also fake land transactions.

January 19, 2017 01:59 UTC

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