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
As the syariah authority on Islamic finance in Malaysia, the SAC has the vital role of ensuring that we stay true to the spiritual and moral ideals of an Islamic approach to trade and finance. For, ladies and gentlemen, I believe we must acknowledge that Islamic finance is not currently being utilised to its full potential. We might even suggest that the ideals of Islamic finance are not yet being fully realised in practice. The UN SDGs, I contend, exist as both a challenge and a unique opportunity for Islamic finance; for, I believe, it is in pursuit of these global goals that Islamic finance has the greatest role to play. I think it is quite remarkable that the SDGs demonstrate, absolutely, the ongoing relevance and importance of Islamic finance today.
December 14, 2017 02:03 UTC
A former Rutgers University student and two other men pleaded guilty to computer crimes related to the creation, sale and use of the Mirai botnet, a network of infected electronics equipment used to knock major websites offline in massive 2016 cyber attacks. Two other individuals, Josiah White, 20, and Dalton Norman, 21, also pleaded guilty to charges related to the development and use of Mirai for criminal gain. Jha and Norman also pleaded guilty to a separate online advertising fraud scheme. In September 2016, Norman and accomplices expanded Mirai, allowing it to infect more than 300,000 devices, prosecutors said. Anna-Senpai released the source code of the Mirai botnet online in September 2016, which gave other hackers the opportunity to use it.
December 14, 2017 02:03 UTC
KUALA LUMPUR: The ringgit was firmer against the US dollar in early trade today on the back of weak sentiment for the safe-haven currency after the US Federal Reserve (Fed) raised interest rates amid the release of disappointing inflation data, dealers said. At 9 am, the local unit stood at 4.0690/0720 from 4.0850/0880 recorded at yesterday close. The central bank has projected higher interest rates outlook in the coming years with three more hikes each in 2018 and 2019. On the local front, a dealer said the improving global oil prices would continue drive the local unit higher today. It fell against the Singapore dollar to 3.0217/0248 from 3.0190/0219 on Wednesday and declined versus the yen to 3.6089/6125 from 3.6017/6053 yesterday.
December 14, 2017 01:52 UTC
KUALA LUMPUR, Dec 14 – Share prices on Bursa Malaysia opened marginally higher today in tandem with the upbeat overnight performance on Wall Street. At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,738.56, up 0.90 of-a-point, from Wednesday’s close of 1,737.66. The key index opened 0.42 of-a-point better at 1,738.08. Gains in three banking heavyweights – Maybank, Public Bank and Hong Leong Bank, boosted the composite index by a total contribution of 1.898 points, against the laggards led by the Genting group.
December 14, 2017 01:41 UTC
MyHSR Corp project delivery director Mark Loader said the corporation would compile and analyse all feedback received during the three-month exercise before submitting the project’s final route to the Land Public Transport Commission (SPAD). Loader said landowners would be compelled to sell their properties as this was a project for the public. Loader said the express rail service from Bandar Malaysia to Jurong East in the republic would run every 30 minutes. The domestic service from Bandar Malaysia to Iskandar Puteri will, however, take 120 minutes. From there, passengers will be able to take a shuttle train service which will take another 15 minutes to reach Jurong East.
December 14, 2017 01:34 UTC
Ford Motor Co has told suppliers it plans to shift production of midsize Fusion and Mondeo sedans out of Mexico and Spain in 2020 and move it to China, three sources said on Wednesday. Ford did not address the future of the plants in Hermosillo, Mexico and Valencia, Spain that currently build midsize sedans for the North American and European markets, respectively. Recent Ford documents shared with suppliers show the automaker plans to shift some Focus and Mondeo production to China, and no longer list Hermosillo and Valencia as production sites, according to sources familiar with the company’s plans. Ford said in a statement “we have no plans to export the next-generation Fusion/Mondeo from China to North America and Europe. Ford in June said it would shift some production of its Focus small car from Mexico to China and import the vehicles to the United States.
December 14, 2017 01:18 UTC
KUALA LUMPUR: Aeon Credit Service (M) Bhd is the top loser in early trade on Thursday after the Inland Revenue Board slapped the company with additional taxes and penalties of RM96.82mil. The additional tax bill goes back seven years to the assessment year 2010. The company said it has appointed tax solicitors and is initiating proceedings to challenge the validity and legality of the said notices of additional assessment. Aeon Credit said there are “reasonable grounds” to challenge the validity of the additional assessment raised by the director general of Inland Revenue and the penalties imposed. It added that the company had sought professional advice from an independent and reputable audit and tax firms on its accounting and tax treatment.
December 14, 2017 01:18 UTC
World-class institution Taylor’s University is a world-class education institution where students have transitioned seamlessly into working life without much headwind simply because employers know the university has the track record of producing highly employable graduates. Among the many successful Taylor’s graduates is Yap Yoong Ruey, a former graphic communication design student who now works at the utting-edge award-winning brand activation agency, Geometry Global Malaysia. Like Goh, Sitka Restaurant head chef Chen Kim Leun said: “At Taylor’s University, I gained so much through local and international competitions. Taylor’s University is ranked the No.1* Private University in Malaysia and also in the top 1% of Asia’s best universities. Taylor’s University provides students with future-proof tertiary education which will prepare them and enable them to succeed in whatever mission/career they choose to pursue.
December 14, 2017 01:07 UTC
However, its consortium members (local or foreign) were not disclosed. It is unclear whether it will tender for the project delivery partner (PDP) or the AssetsCo package.To recap, the 191km Gemas-Johor Bahru project covers the southern region from Negeri Sembilan to Johor. Its target price of RM1.48 remains pegged to a 20% RNAV discount. This is supported by its sustainable dividend yields of 6%-8%. Downside risks are job delays,” it said.
December 14, 2017 01:07 UTC
KUALA LUMPUR: The Pahang boys and girls’ teams, both defending champions, crashed out in the second round of the 1MAS National Under-14 Hockey Championships. The Pahang boys, two-time winners, were stunned by Sabah 1-0 in Group Y at the National Hockey Stadium in Bukit Jalil yesterday. In the girls’ competition, Penang upset Pahang 3-2 in Group Y at the Education Ministry Turf. “We’re in the group of death as Pahang are defending champions, while Johor were runners-up last year. “We finished third but this time we want to go all the way.”In a Group X, Kuala Lumpur beat Melaka 2-0 to stay on course for a final spot.
December 14, 2017 00:50 UTC
JOHOR BARU: The move to set up a third campus for the Foon Yew High School in Seri Alam was well received. Johor Baru Tiong-Hua Association, which consists of members from five Chinese clans, have contributed money and other aid to make the new campus a reality. “The contribution and commitment shown by the school committee and Chinese education enthusiasts are important,” he added. Foon Yew High School, set up in 1913, is the largest Chinese independent school in the country in terms of both students and campus size. Tong said the new campus would not have been possible without the assistance of Johor Baru MP Tan Sri Shahrir Samad.
December 14, 2017 00:47 UTC
TWO students from Tunku Abdul Rahman University College (TAR UC) have scored unprecedented wins in competitions held in Malaysia and overseas. Teoh’s achievement makes him the first Malaysian to win a medal in the Web Design and Development category, which he competed in alongside participants from 35 countries. “With the solid foundation in TAR UC, understanding and applying the advanced levels of web design and development was not a problem for me,” Teoh said. On the local front, in the final round of the WorldSkills Malaysia Belia 2017 Competition, Wong Sheng Chuang, who is pursuing his Bachelor of Information Technology (Honours) in Internet Technology, won the Gold Medal in the competition’s Web Design category. TAR UC president Datuk Dr Tan Chik Heok was pleased with the students’ achievements.
December 14, 2017 00:45 UTC