India's PM Modi warns Pakistan of strong response to Kashmir attack - World
NEW DELHI/SRINAGAR (Reuters) - India's Prime Minister Narendra Modi warned Pakistan on Friday to expect a strong response to a suicide attack that killed 44 paramilitary policemen in Kashmir, ratcheting up tension between the nuclear-armed neighbours. The car bomb attack on a security convoy on Thursday was the worst in decades of insurgency in the disputed region. India said it had "incontrovertible evidence" of Pakistani involvement, a statement quickly rejected by Islamabad.
Source:The Star
February 15, 2019 06:46 UTC
Maxis announces RM1bil incremental capex over next three years - Business News
KUALA LUMPUR: Maxis Bhd , which posted a net profit of RM1.78bil in the financial year ended Dec 31, 2018 (FY18), has announced RM1bil over next three years for incremental capital expenditure (capex) to support its new strategy. “Maxis made a significant change to its strategy, setting the foundation to be a strong converged player in Malaysia. The company has commenced scaling its business to address opportunities in Enterprise solutions and converged services across all segments, setting the development path over the next five years. “Maxis announced an incremental capex of RM1bil over the next three years to support this new strategy and its 5-year internal service revenue target of more than RM10bil by year 2023,” Maxis said in a statement.
Source:The Star
February 15, 2019 06:08 UTC
Travelling classroom bridges digital divide in Benin - Tech News
School was out, but on an afternoon in rural Benin, 11-year-old Ambroise rushed to a tree-shaded parking lot, his day's learning not yet done. Parked beneath the cola trees was a lorry trailer loaded with computers – the kind of technology that few students in the West African country had ever seen, much less touched. Designed by BloLab, a non-profit group based in Benin's largest city Cotonou, the 13m trailer is powered by 12 solar panels and equipped with enough laptops to give rural students a chance to familiarise themselves with computers, which most families cannot afford.
Source:The Star
February 15, 2019 06:00 UTC
Singapore detains two radicalised citizens over terrorism-related activities - Nation
SINGAPORE (The Straits Times/ANN): Two Singaporeans have been detained under the Internal Security Act (ISA) in January for their involvement in terrorism-related activities, says the Home Affairs Ministry. One of the two detained is Mohamed Kazali Salleh, a 48-year-old businessman based in Malaysia. He is a close associate of Syria-based ISIS militant, Malaysian Akel Zainal, the statement said.
Source:The Star
February 15, 2019 05:37 UTC
Luxchem posts 7.6% lower Q4 earnings of RM8.77 - Business News
KUALA LUMPUR: Luxchem Corp Bhd recorded a 7.6% dip in its fourth quarter earnings ended Dec 31, 2018, to RM8.77mil on lower gross profit margin and higher operating expenses.In a filing with the stock exchange, the group said revenue for the quarter under review improved 5% from RM197.23mil to RM206.25mil due to higher contributions from its trading segment.
Source:The Star
February 15, 2019 05:37 UTC
The 10 best paid hedge fund managers made US$7.7b in 2018 - Business News
NEW YORK: Even for this Gilded Age of 0.0001 percenters, Kenneth Griffin drips money. The hedge-fund mogul recently closed on a New York penthouse for an eye-watering $240 million. Before that he picked up a $122 million London mansion.He can hang his $200 million Pollock in one and his $300 million de Kooning in the other.
Source:The Star
February 15, 2019 05:15 UTC
Graft probe: 5 day remand for civil servant at Finance Ministry - Nation
PUTRAJAYA: A secretary to a senior officer in the Treasury has been remanded for for five days as investigators probe alleged corruption involving RM1.5mil.The 39-year-old woman, who is attached to the office of the deputy secretary general of Finance Ministry, will be remanded from Friday till Feb 19.
Source:The Star
February 15, 2019 04:30 UTC
Singapore’s lowest GDP growth in 2 years comes with manufacturing warning - Business News
SINGAPORE: Singapore’s economy grew at its slowest pace in more than two years in the fourth quarter, data showed on Friday, and the city-state’s trade ministry warned that manufacturing is likely to face significant moderation this year. Weakening growth momentum for Singapore’s open economy - a high-tech manufacturing base and transportation hub - underscores the risks to Asia’s export economies from a slowdown in China and Beijing’s trade war with Washington.
Source:The Star
February 15, 2019 02:48 UTC
Quick take:Yinson gains 4% on news of RM2.36bil JX Nippon contract - Business News
KUALA LUMPUR: Shares in Yinson Holdings Bhd were boosted in early trade Friday after announcing a RM2.36bil contract from JX Nippon Oil & Gas Exploration (Malaysia) Ltd.Yinson is currently the third top gainer, rising 18 sen, or 4.41% to RM4.26 with 101,900 shares traded. It is trading at a P/E ratio of 18.91 times.
Source:The Star
February 15, 2019 01:41 UTC
KLCI edges higher on Dialog, PPB Group, IOI Corp’s gains - Business News
KUALA LUMPUR: Blue chips trudged higher early Friday, aided by gains in FBM KLCI-linked stocks like Dialog, PPB Group and IOI Corp but key Asian markets were lower after the weaker US retail sales.At 9.25am, the KLCI was up 3.28 points or 0.19% to 1,692.34. Turnover was 518.08 million shares valued at RM177.87mil. There were 205 gainers, 138 losers and 254 counters unchanged.
Source:The Star
February 15, 2019 01:41 UTC
Netflix evacuation: police say suspect is in custody, had no deadly weapon - Tech News
LOS ANGELES: Netflix’s Hollywood campus was evacuated over a report of a person with a deadly weapon on Thursday afternoon. However, two LAPD spokespeople have told Variety that the suspect is currently in custody off-site, and had no weapon. Authorities were called to the scene at about 3.53pm over a man who possibly had a gun.
Source:The Star
February 15, 2019 01:41 UTC
Trading ideas: Yinson, Carlsberg, Dialog, Gas Malaysia, Sunway Reit - Business News
KUALA LUMPUR: Yinson Holdings Bhd , Carlsberg Brewery Malaysia Bhd , Dialog Group Bhd , Gas Malaysia Bhd and Sunway Real Estate Investment Trust (REIT) are among the stocks to watch on Friday, according to JF Apex Research. Yinson said its wholly-owned subsidiary has secured a contract worth US$578mil (RM2.357bil) from JX Nippon Oil & Gas Exploration (Malaysia) Ltd.
Source:The Star
February 15, 2019 01:07 UTC
Premium beers way forward for Carlsberg, says CIMB Research - Business News
KUALA LUMPUR: CIMB Equities Research sees premium beers as the way forward for Carlsberg Brewery (M) Bhd and raised the target price from RM20.20 to RM24.30 after the release of its better-than-expected FY18 results.FY18 core net profit of RM272.5mil came in above expectations, at 107% of the research house and 103% of Bloomberg consensus’ estimates.
Source:The Star
February 15, 2019 00:56 UTC
Ushering in Chinese New Year under the stars - Focus
FIREWORKS, reunion dinner and ang pow are all things that remind people that a new lunar calendar year has arrived and we are now in the Year of the Pig. The local Chinese community also mark the Lunar New Year by tossing yee sang to invite prosperity together.
Source:The Star
February 15, 2019 00:22 UTC
Ex-Goldman banker plans return to US to face criminal charges in connection with 1MDB - Business News
Roger Ng, a former Goldman Sachs Group Inc banker accused of playing a role in defrauding sovereign wealth fund 1Malaysia Development Berhad (1MDB), will return to the United States to face criminal charges against him, his lawyer said on Thursday.Ng will waive extradition to the United States on Friday during an appearance in a court in Malaysia, according to his lawyer Marc Agnifilo. Ng intends to plead not guilty when he appears in a U.S. federal court, Agnifilo said.
Source:The Star
February 15, 2019 00:11 UTC