KUALA LUMPUR: YTL Communications Sdn Bhd has clarified that it was not expecting an extension of the 1BestariNet contract but was relying on the Malaysian government to hold an open tender for the services.In a statement to local media, YTL said the Ministry of Education had not called for an open tender for the contract nor complied with its contractual obligations. "As to whether the terms of the 1BestariNet contract were attractive or not, it was objectively the best that the Ministry had obtained via an open tender involving 19 companies. "The tender would provide price transparency and assure the public that the best price and specifications would be obtained through the process. "We do not propose to address the reasons proffered by the Ministry at the press conference here. "Suffice to say that these reasons were never communicated to us despite many attempts to meet the Minister and the Secretary General.
July 08, 2019 03:44 UTC
PETALING JAYA: The business community should look out for investment opportunities in the Belt and Road Initiative (BRI) routes as total investments led by China are estimated to rise four- to five-fold from the initial US$1 trillion (RM4.2 trillion), says Datuk Fu Ah Kiow. “China’s vast market has provided tremendous opportunities in trade, investment and business. Its deepening economic reforms and further opening up, coupled with its BRI programmes and globalisation policy, have opened up new investment opportunities and spurred the emergence of new trading zones, particularly along the BRI routes. In July 2016, The Economist UK reported that China had said it would invest a total of US$4 trillion (RM16.8 trillion) along Belt and Road countries. Fu explained that SMG organised the forum mainly because “we understand many people - particularly the business community and professionals - are keen to learn more about China”.
July 08, 2019 03:22 UTC
SINGAPORE (July 8): Palm oil looks neutral in a range of RM1,944-1,966 per tonne, and an escape could suggest a direction. The range is formed by the 76.4% and the 61.8% projection levels on a downward wave c from RM2,059. The strong bounce triggered by the support at RM1,929 and the bullish divergence on the hourly MACD suggest an upside bias. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
July 08, 2019 03:00 UTC
And just two weeks ago in Palo Alto, I got my hands on the new 2020 Bentley Bentayga Hybrid. Instead, what I felt was responsive, engaging steering and feedback from the Bentayga Hybrid power train. On the contrary, the sum total feel of the Bentley Bentayga Hybrid is one of serenity, like a placid float down some tributary in Cheshire, cool and shaded in the summer heat. This is not to say the 335 brake horsepower (bhp) V6 engine paired with the 126 bhp 94kW “e-Drive” motor was not fast. The vast majority of Bentayga Hybrid customers will not care a fig about what is under the hood, if they even think to ask.
July 08, 2019 02:37 UTC
He also gave up the same role in London Biscuits’ 20%-owned listed associate, Khee San Bhd. Following the recent chain of events, the counter closed the week at a record low of 28 sen.Interestingly, London Biscuits said it defaulted on the debt because of “cash flow constraint”. The auditor also pointed to London Biscuits’ dealings with Secret Ingredients Sdn Bhd (SISB), which is solely responsible for the preparation of premix used in London Biscuits’ production line. In these six months, London Biscuits’ cash equivalents fell by over 50% to RM8.84 million, from RM19.71 million at the start of FY19. Save for last month’s price jump amid Ranjeet and Loo’s appointments, shares in London Biscuits have been sliding since March.
July 08, 2019 01:30 UTC
KUALA LUMPUR: Baby, children and maternity product retailer Kim Hin Joo (Malaysia) Bhd made a cautious debut on the ACE Market on Monday, opening at 39 sen, or four sen below its offer price of 43 sen a share.At 9.04am, it was trading at 37 sen, down six sen with 6.12 million shares done.The FBM KLCI was down 3.96 points or 0.24% to 1,678.57. Turnover was 99.85 million shares valued at RM33.38mil. There were 108 gainers, 98 losers and 183 counters unchanged.Kim Hin Joo operates 17 Mothercare outlets and 11 Early Learning Centre brand store-in-store outlets in Malaysia. The new shares comprise 20% of the group’s enlarged issued capital.Of the 76 million new shares, the company set aside 19 million shares for the Malaysian public, 10 million to eligible persons and 47 million to selected investors. The shareholders offered 57 million existing shares to be placed out.Upon listing, the group would have a market capitalisation of RM163.4mil, with a price-to-earnings ratio of 14.72 times.
July 08, 2019 01:18 UTC
The flamboyant right back collected a staggering 40th trophy as a professional as he hoisted the Copa America trophy into the Rio de Janeiro night sky, flanked by delirious team mates, and the triumph had his footprints all over it. Alves, whose trophy-filled career has taken him from hometown side Bahia to Sevilla, Barcelona, Juventus and Paris St Germain, is without a club after his contract with PSG expired. His performances have turned heads in Brazil but, speaking on the eve of the final, Alves said the reasons behind his consistency were simple. "If you have respect for your profession and look after yourself it's easy to maintain your level," he said. "Some people are surprised about my performances here, I am not."
July 08, 2019 01:07 UTC
"The June payrolls number threw a spanner in the works for those participants looking for a 50 basis point cut to the federal funds rate at the upcoming FOMC meeting," ANZ analysts wrote to clients in a note. "This was the strongest non-farm payrolls print since January this year and suggests the U.S. economy still has firm footing," they added. "The figures also suggest that the market's pricing for a need for 'quick-fire' cuts to policy may need to be reassessed. "So far U.S.-Iran tensions have not had a material impact on markets, but if tensions escalate it could be a different story," said National Australia Bank strategist Rodrigo Catril.The latest news on the China-U.S. trade talks failed to make an impression on markets.White House Economic advisor Larry Kudlow confirmed top representatives from the United States and China will meet in the coming week to continue trade talks. "Whether the negotiators can find a solution to the difficult structural issues that remain between the two sides is another matter, and Kudlow cautioned there was 'no timeline' to reach an agreement," NAB's Catril said.In commodity markets, oil prices rose with Brent crude futures, the international benchmark for oil prices, up 9 cents at $64.32 per barrel while U.S. crude added 8 cents to $57.59.Spot gold fell 0.2% to $1,397.03 an ounce.
July 08, 2019 00:45 UTC
THE nautical-inspired Queens Waterfront by Ideal Property Group is poised to redefine the south-west district of Penang island with its exquisite waterfront lifestyle. With the regal seahorse as its icon, Queens Waterfront symbolises the hope of the future and the promise of today. Dedicated to captivate your everyday living, it is truly an integration of the finest living, recreation and leisure all coming together in one prestigious community. There is also an alfresco commercial area on the ground floor along with exclusive office spaces and nursery with day-care services on the first floor. Within close proximity are also the Penang International Airport, Penang Bridge and second Penang bridge, Bayan Lepas Free Trade Zone, Pantai Hospital Penang and Penang Golf Club.
July 08, 2019 00:45 UTC
Gareca had no complaints about the result, saying that Brazil were "superior" to Peru in the game. "We came to this final to win the trophy and we were up against a very effective team. "We cannot afford to stand still, we have to keep on going, we have to stay humble," he said. But Gareca said he was firmly committed to taking Peru into their World Cup qualifying campaign which begins next March and that he would reject any offers from outside, even from Argentina. "I have respect for my country, I love my country but I have a contract with Peru, a country which has given me everything," he said.
July 08, 2019 00:22 UTC
KOTA KINABALU: Coastguards have vowed to work closely with Eastern Sabah Security Command (Esscom) to combat the fish bombing menace following the deaths of three divers in Semporna waters. Police are investigating the case, which is believed to be the first involving deaths of divers from fish bombing activities. Rear Admiral Kamaruszaman said that Sabah MMEA had been dealing with the fish bombing problems through special operations in the west coast areas of Sabah since May. He said special operations were carried out in waters off Kota Belud, Pulau Gaya, and Pulau Mantanani after they received complaints that recreational diving activities could not be carried out due to rampant fish bombing. Fish bombing carried out by illegal immigrants was one of the most serious issues raised during a recent meeting with various stakeholders that included the Fisheries Department, Marine Department and Immigration Department, he said.
July 07, 2019 23:15 UTC
IPOH: A man is living in fear with loan sharks breathing down his neck over his brother’s debt of more than RM2mil. Tan Ee Keng, 52, said Ah Long have been harassing his family since October last year. “The loan sharks are chasing after me instead,” he told a press conference called by Gopeng MP Dr Lee Boon Chye at the latter’s service centre in Taman Botani here yesterday. Tan said the loan sharks threatened to put up posters of his brother in the city. I hope the loan sharks will stop harassing my family and go find my brother instead,” he said.
July 07, 2019 23:15 UTC
(Reuters) - Matthew Wolff eagled the final hole to claim the 3M Open on Sunday and become the youngest winner on the PGA Tour since Jordan Spieth in 2013. Five-time tour winner DeChambeau had eagled the same hole minutes earlier with a six-foot putt to temporarily take the lead by one stroke. Fellow Californian Morikawa then missed a 22-foot putt that would have forced a playoff at TPC Twin Cities. With the victory, Wolff is exempt on the PGA Tour through the 2021 season and will play in The Players, the Masters and the PGA Championship next year. Wolff, who has often played with fellow Californian Morikawa, finished with the winning eagle, five birdies and a lone bogey at the ninth hole.
July 07, 2019 23:09 UTC
PETALING JAYA: Rising badminton star K. Letshanaa is aiming for bigger things after winning the Under-16 girls’ singles title at the 100PLUS National Junior Circuit Finals in Negri Sembilan. I now want to show that I can do the same on the international stage too,” said a pumped up Letshanaa. “I’m looking forward to better result at the Asian Juniors after my debut ended with a first-round defeat last year. Letshanaa has played in an international tournament once – at the Malaysian International Series last month – but lost in the second round to Putri Kusuma Wardani of Indonesia, who’s ranked fourth in the Badminton World Federation world junior rankings. Meanwhile, hot favourite Muhd Fazriq Razif notched a a glorious double by sweeping the boys’ singles and doubles titles.
July 07, 2019 22:52 UTC
KUALA LUMPUR: National squash player S. Sivasangari was not in her best form but she did enough to beat fifth seed Satomi Watanabe of Japan in the final to win her first Australian Open title. The second seed Kedahan staved off a strong challenge before coming back from a set down to win 5-11, 11-9, 11-9, 11-9 in Bega yesterday. It was Sivasangari’s fifth straight victory over the Japanese player and her 11th Professional Squash Association (PSA) title. Her next assignment is the National Championships at the National Squash Centre in Bukit Jalil from July 16-21. Barring any upsets, the second seed Sivasangari is expected to face national No.
July 07, 2019 22:41 UTC