Ahead of the introduction and first dialogue of the 2050 National Transformation (TN50) tonight, young Malaysians laid out their future vision of Malaysia. Lee also hoped to see a better education system and businesses thrive with more multinational companies setting up outposts to provide job opportunities for Malaysians. Shazni Ong said he welcomed the TN50 announced by the Prime Minister during Budget 2017 because the country needed “a new and updated direction of where it’s heading”. The 26-year-old said he was thankful for what has been achieved so far under Vision 2020 but agreed that the country needed to adapt for the future. Related stories:Youths’ ideas for Malaysia 2050 soughtTN50 – journey to the top 20 begins today
“Presently, Ekovest’s outstanding construction order book stands at about RM5.4bil, which would ensure smooth earnings delivery for the construction division for the next four years. UOB Kay Hian said Ekovest would need to source the funding for the project, which would most likely be a combination of bonds and equity. Also, the potential listing of Duke 1 and 2 in 2018 could provide additional funding for the group,” UOB Kay Hian noted. However, our back-of-the-envelope calculation shows RM3bil-RM4bil and a high single-digit internal rate of return,” UOB Kay Hian said. UOB Kay Hian has maintained a “buy” call on Ekovest with a target price RM3.13.
KUALA LUMPUR: Bank Negara said recent media postings on electronic pick-pocketing on individuals with contactless cards were not true. In a statement, Bank Negara said contactless cards were equipped with safety features that made them a secure mode of payment. “Since 2005, all payment cards in Malaysia have adopted Europay, Mastercard and Visa (EMV) chip card technology which prevents the cloning of cards. “To date, there are no cases of cloned EMV chip cards being reported,” it said. The central bank said contactless cards have an embedded EMV chip with advanced cryptographic security that generated a dynamic code for each transaction.
As a result, the next model in the iPhone line-up is particularly eagerly awaited and could bring several new features from Apple, according to leaks reported by various tech websites. The highest-end model should be in store for an OLED display, offering higher contrast and deeper blacks, as well as a slimmer, more lightweight build compared with LCD technology. The switch to OLED technology could allow Apple to make a first iPhone handset with a certain degree of curvature, like its main rival Samsung's Galaxy S7 edge. It's unclear whether this would be reserved for the OLED model or would come to the full range of handsets. Over the years, Apple has traditionally unveiled its new iPhone models in the fall, so the "iPhone 8" isn't expected before September 2017.
LONDON (Reuters) - Lucas ended a goal drought stretching back to 2010 and Divock Origi missed a late penalty as Liverpool beat fourth tier Plymouth Argyle 1-0 in an FA Cup third-round replay on Wednesday. Having been held to a goalless draw at Anfield 10 days ago, Liverpool again found Plymouth to be stubborn opponents who made light of the 67 places between the sides in the standings. Having conceded early, when Lucas headed home from a corner, Plymouth frustrated their Premier League visitors for most of the match and almost snatched a leveller when Jake Jervis shaved the post late in the second half. Southampton striker Shane Long scored in the second minute of stoppage time to secure a 1-0 win over second tier Norwich City in a dour game that had looked destined to go to extra time. David Cotterill pulled a goal back for Birmingham, but Ritchie's late second from close range wrapped up the win for Newcastle.
KUALA LUMPUR (Jan 19): AllianceDBS Research said Ekovest Bhd (Ekovest) had on Jan 18 gapped up to cross over the RM2.60 hurdle. In its evening edition yesterday, the research house said Ekovest continued to trade above the 20-day and 50-day moving average lines. “Following the up close on Jan 18, the stock is likely to move higher again with immediate hurdle at RM2.70. “A fall below RM2.60 would put pressure on the stock down to the subsequent support zone, RM2.40 – RM2.50,” it said. AllianceDBS Research said stock volume traded on Jan 18 was 5.84 million shares compared to the 3-month average volume of 2.31 million shares.
It said the benchmark index subsequently traded to a high of 1,670.59 as market participants continued to play on the buying side in anticipation of a higher market. “Market participants were seen willing to play a buying game because the sell down on Jan 16 appeared to have carried no obvious cause. “So, what we saw in the last 2 days were market recoveries as a result of interaction among the market participants. “As such, the FBM KLCI would likely trade above the 1,670.59 level on Jan 19,” said AllianceDBS Research. Based on corporate announcements and news flow yesterday, companies that may be in focus today include Silk Holdings Bhd, Gadang Holdings Bhd, Genting Bhd, Mesiniaga Bhd, WCT Holdings Bhd, Axiata Group Bhd, Uzma Bhd, Guocoland (M) Bhd, Spring Gallery Bhd, Country View Bhd, FSBM Holdings Bhd, Tex Cycle Technology (M) Bhd, Green Packet Bhd and Yen Global Bhd.
KUALA LUMPUR (Jan 19): AllianceDBS Research said Gadang Holdings Bhd (Gadang) was in line waiting and that Gadang had on Jan 18 traded higher to RM1.07 before settling near the day’s high at RM1.06 (up 1 sen or 0.95%). In its evening edition yesterday, the research house said a crossover of the RM1.09 hurdle would likely see Gadang trading upward with the next upside target pegged at RM1.15. It said risk taking traders could establish a buying position at RM1.05 on a small pullback. “Once a buying position is established, a stop loss at RM1.03 level must be placed for risk capital protection, and this RM1.03 is to be followed by a trailing stop loss strategy. “If you are prepared to take a trading loss risk of RM20 (excluding brokerage) for RM100 potential profit, you may acquire 1,000 shares with a capital amount of RM1,050 assuming buying order is filled at RM1.05,” it said.
LONDON (Reuters) - Manchester United have agreed a deal to sell Dutch winger Memphis Depay to French club Olympique Lyonnais, the BBC reported on Wednesday. The fee for the 22-year-old Netherlands international is 16 million pounds rising to 21.7 million, the BBC said. Depay scored seven goals in 53 appearances for United after moving from PSV Eindhoven for 25 million pounds in May, 2015 but he has played only eight minutes since the end of October. He was the leading scorer in the Dutch top flight in 2014-15 and was signed by former United manager Louis van Gaal. Lyon are fourth in French Ligue 1, 11 points behind leaders Monaco.
Top Hong Kong entertainer Andy Lau Tak-wah was being treated on Wednesday for a pelvic injury after he was thrown off a horse during a film shoot in Thailand, his company has confirmed. During the shoot, the horse reportedly lost control, throwing Lau to the ground and stepping on his back, fracturing his lower back. Lau was taken to a local hospital first, before arriving at the Hong Kong airport late on Wednesday night. He was then sent to the Hong Kong Sanatorium and Hospital in Happy Valley. “Lau is the pride of Hong Kong and well regarded among the Chinese communities around the world,” Cheung said.
WASHINGTON (Reuters) - The United States cannot trust Russia and must see "positive actions" by Russia before easing U.S. sanctions, Nikki Haley, U.S. President-elect Donald Trump's nominee to be U.S. ambassador to the United Nations, said on Wednesday. "Russia is trying to show their muscle right now. And I think we always have to be cautious. I don’t think that we can trust them," Haley told lawmakers during her Senate confirmation hearing. "I think that Russia has to have positive actions before we lift any sanctions on Russia."
KUALA LUMPUR (Jan 18): Based on corporate announcements and news flow today, companies that may be in focus on Thursday (Jan 19) include Silk Holdings, Gadang Holdings, Genting, Mesiniaga, WCT Holdings, Axiata, Uzma, Guocoland, Spring Gallery, Country View, FSBM Holdings, Tex Cycle, Green Packet and Yen Global. Under the deal, Kwasa Land will receive RM165.5 million for the development rights and revenue sharing from Gadang. This follows a novated contract signed between its wholly-owned subsidiary Uzma Engineering Sdn Bhd with THHE Fabricators Sdn Bhd and Petronas Carigali Sdn Bhd on Oct 24 last year. The proposed development will feature two blocks of medium-end apartments on land measuring 3.3ha, with an estimated GDV of RM161.2 million. The first tranche of the placement exercise was completed in end-December 2016, with 6.36 million shares issued, raising a total of RM1.27 million.
JOHOR BARU: Johor Darul Ta’zim (JDT) has announced the appointment of former JDT II coach Benjamin Mora to take up the spot left vacant by Mario Gomez, who officially parted ways with the award-winning football club,today. Mora assumes duty as the club’s coach effective immediately. Mora, 51, is a Mexican-born coach with experience in Mexican clubs such as Cafetaleros, Guerreros, Gallos Blancos and Atlante. He was appointed JDT II coach in December 2015 and he was sent for training at Atletico Madrid in November last year. With this move, JDT II will now be coached by Hamzani Omar.
KUALA LUMPUR: The Land Public Transport Commission (SPAD) has initiated a Request for Proposal (RFP) exercise for bids to implement the Kuala Lumpur- Klang Bus Rapid Transit (BRT) busway along the Federal Highway. The Kuala Lumpur - Klang BRT line is the most important corridor from the 12 identified BRT corridors under the Klang Valley BRT Feasibility Study. The proposed BRT Kuala Lumpur - Klang line will span 34km with 25 stations. The BRT Kuala Lumpur - Klang line is expected to cut travel time from the Federal Capital to Klang from the present 70 minutes to 40 minutes. “The project implementation scope will include comprehensive planning, design, finance, construction, operation, maintenance and upgrade of the Kuala Lumpur - Klang BRT project,”said a statement from SPAD today.
The Cameroon Football Federation (FECAFOOT) has made no official comment on the issue, while Liverpool are consulting their lawyers before deciding whether to play him. Matip was called up for the finals despite having not played for the Indomitable Lions since last year's World Cup in Brazil. "Liverpool have subsequently repeatedly sought, as a matter of urgency, clarity from FIFA in this regard," the club said. Liverpool manager Juergen Klopp said he would seek advice from the club's lawyers before using Matip. Of course I have to ask (Liverpool's lawyers) but the decision is for me to make.