KUALA LUMPUR: Comintel Corp Bhd was down 17% in early trade Friday after its auditor issued a qualified opinion on its financial year ended Jan 31, 2019 (FY19) results. Comintel’s external auditor Messrs, RSM Malaysia has expressed a qualified opinion on the group's FY19 financial statement. Its wholly-owned subsidiary Comintel Sdn Bhd is unable to pay RM20.83mil with interest at 8% per year to Ansat Broadcast Sdn Bhd (UTV) as ordered by the Federal Court on Aug 18, 2017. This resulted in the Shah Alam High Court granting a winding-up petition by UTV against Comintel on April 17, which led to a liquidator being appointed. Due to the impending winding up of Comintel, its financial statement for FY19 is prepared on break up basis.
June 14, 2019 02:26 UTC
(Reuters) - Australia captain Sam Kerr says their 3-2 win over Brazil at the women's World Cup on Thursday was the perfect response to critics who had written them off after their opening defeat by Italy. The victory in Montpellier saw Australia become the second team in women’s World Cup history to win a match from being at least two goals down, after Sweden beat Germany 3-2 in 1995. "There was a lot of critics talking about us but we're back so suck on that one," Kerr said after their win over Brazil. The win saw Australia join Brazil and Italy on three points in Group C. The Italians face Jamaica in Reims later on Friday. Kerr said Australia were thrilled to beat a quality side like Brazil but would now focus on their final group match against Jamaica next Tuesday in Grenoble.
June 14, 2019 02:15 UTC
KUALA LUMPUR (June 14): Bank Negara Malaysia (BNM) is seeking written feedback on the planned policy framework in its exposure draft which indicates the central bank's requirements on market participants that offer electronic trading platform services within the Malaysian wholesale financial markets. "Electronic trading platforms covered under this exposure draft include multi-bank channels, and exclude single-bank platforms. Specifically, approved money brokers which operate electronic broking platforms, and other market participants which operate electronic trading platforms, whether or not any form of remuneration, fee, commission or subscription is chargeable. "In addition to providing general feedback, market participants are requested to respond to specific questions set out throughout this exposure draft," BNM said. See: Framework for electronic trading platforms
Source:The Edge Markets
June 14, 2019 02:05 UTC
It said this was the kind of statement that no previous senior police officer dared to make. "The IGP has also come down hard on corruption among the police ranks and vowed to cleanse the police force of its corrupt image. "He also recently cautioned OCPDs with regards to soliciting money for Hari Raya open houses at police districts," Mohamed Arshad said. "His heart and soul are fully emplaced to revamp the institution to complement efforts in nation rebuilding. These are qualities of a superb leader, and Patriot salutes him," he said, asking if politicians too would show the same quality leadership as the IGP.
June 14, 2019 01:52 UTC
Voice software has colonised smartphones, car dashboards and the living room. Bloomberg reported in April that human listeners review some Alexa voice recordings. The kids, comfortable with tablets at home and school, weren’t regular voice software users. “We want to be there first.”Bamboo isn’t alone adapting voice software for education. One application deputises Alexa as a teaching assistant for young grade school kids, offering timers and countdowns, and even guided meditation and dance sessions.
June 14, 2019 01:52 UTC
BELO HORIZONTE, Brazil (Reuters) - Alexandre Pato got his third league goal of the season to earn Sao Paulo a 1-1 draw at Atletico Mineiro on Thursday in Brazil. Alerrandro opened the scoring for Atletico two minutes before the break with a goal that was validated after consultation with the Video Assistant Referee. Former AC Milan striker Pato fired home the equaliser 27 minutes into the second half. Atletico are fifth on 16 points after nine games while Sao Paulo sit ninth on 14. (Reporting by Andrew Downie; Editing by Peter Rutherford)
June 14, 2019 01:41 UTC
SAO PAULO (Reuters) - Palmeiras returned to the top of Brazil's Serie A on Thursday with a 2-0 win over bottom club Avai. Deyverson got the first for the home side after 31 minutes and Bruno Henrique doubled their lead 20 minutes into the second period. Palmeiras remain the only unbeaten side in the league and sit two points clear of second place Santos. (Reporting by Andrew Downie; Editing by Peter Rutherford)
June 14, 2019 01:30 UTC
SHAH ALAM: Engineering services provider Serba Dinamik Holdings Bhd is targeting to achieve sales of RM150mil to RM200mil for its information technology (IT) segment this year. Additionally, Serba Dinamik has RM50mil worth of IT projects in hand. “We are confident of achieving our sales target. Going forward, IT will be an important business for Serba Dinamik. “The upcoming Beyond Paradigm Summit 2019 will also provide a marketing opportunity for our IT products,” he said at a briefing.
June 14, 2019 00:22 UTC
Kok said there is a concern the price of palm biodiesel will increase if it is widely used. She also said the reduction in palm oil stock showed positive signs for what is in store for the industry. “We believe the price of palm oil will strengthen before the end of the year,” she said. “Malaysia, as the second largest producer of palm oil should expand its use as renewable energy like other palm oil producing countries. Kok did not specify a specific time frame on when B20 biodiesel will be available at local petrol stations.
June 14, 2019 00:22 UTC
PETALING JAYA: YTL Corp Bhd has proposed to acquire all remaining shares in its listed subsidiary YTL Land & Development Bhd via a conditional share swap. The group is proposing to acquire the YTL Land shares at an offer price of 36 sen per share, which translates to an exchange ratio of about 0.32 in YTL shares for each YTL Land share. As at June 7, 2019, YTL Corp held about 65.26% of the voting shares of YTL Land, and 78.95% of the total outstanding ICULS. “In the event YTL Land is de-listed, it will eliminate such overlap, dispense with expenses to maintain the listing status of YTL Land and allow YTL Land to re-channel its resources towards its core business instead,” the company added. In the filing, YTL Corp said the board of YTL Land had been served with the notice of the conditional share exchange offer yesterday.
June 14, 2019 00:00 UTC
PETALING JAYA: Approved foreign direct investment (FDI) for all sectors skyrocketed in the first quarter of 2019, rising 73.4% to RM29.3bil. This compares to the RM16.9bil in approved FDI recorded during the same period last year, the Finance Ministry said. Lim also noted that industrial production growth in April 2019 had accelerated toa six-month high amid an environment of low and stable inflation. The April 2019 industrial production growth accelerated to 4% year-on-year from 3.1% in March, supported by robust manufacturing growth and mining output recovery. In March 2019, the industrial production growth of 3.1% had also come in above market expectations of 2.3%.
June 14, 2019 00:00 UTC
Malaysia Retail Chain Association (MRCA) president Datuk Seri Garry Chua (pic) said tourism played a crucial role in reviving the nation’s economy. “I urge the Federal Government to spend more money and give more focus on the tourism sector,” he said. Chua cited figures from the United Nations World Tourism Organisation (UNWTO), which estimated that international tourist arrivals had increased by 6% to 1.4 billion in 2018. With renewed Malaysia-China ties, Chua hoped that more Chinese tourists would boost the retail business in the country. Chua said that MRCA and the Malaysia International Retail and Franchise (MIRF) had increased their membership to more than 500 members, with the latest to join being Starbucks, KFC, McDonald’s, Parkson, LG, Epson, Bata and Harvey Norman.
June 13, 2019 23:48 UTC
SEREMBAN: The government wants more people to use public transport so that it can reduce subsidies paid to bus companies, said Transport Minister Anthony Loke. Loke also reminded bus operators that their subsidies would be withdrawn if their services were not on par. When visiting the Terminal 1 bus station earlier, Loke warned express bus companies against increasing fares indiscriminately and to only charge passengers rates approved by the Land Public Transport Agency (APAD). Loke said he had received complaints that some express bus companies had increased the fare for the Seremban-Kuala Lumpur route from RM6 to RM7 although the ceiling rate approved by APAD was only RM6.50. He also urged passengers who feel they were being overcharged by express bus companies to check with APAD.
June 13, 2019 23:37 UTC
Trump's meeting with Cook was disclosed by daughter and adviser Ivanka Trump during an event that Trump held with governors on skills development. On Thursday, Trump spoke with Cook about "trade, U.S. investment, immigration and privacy," White House spokesman Judd Deere said. The meeting comes as Trump weighs whether to go ahead with proposed increases to tariffs in his trade war with China. Trump is using tariffs to push Xi to change a host of Chinese trade practices, but negotiations have flagged. "An escalated trade war is not in the country's best interest, and both sides will lose," the letter said.- Reuters
June 13, 2019 23:15 UTC
PUTRAJAYA: Haziq Abdullah Abdul Aziz’s actions were “shocking” and unlike him, says his boss, Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Mohd Akin (pic). Shamsul Iskandar said he hired Haziq to be his private secretary after screening several applications for the job, and personally chose him. At the press conference, Shamsul Iskandar said Haziq has been suspended from his duties with immediate effect. Shamsul Iskandar said he had not heard from Haziq since Tuesday, when he contacted the latter over a work-related matter. “Unfortunately, there has been no reply from him,” said Shamsul Iskandar.
June 13, 2019 23:08 UTC