Politics of anger no longer holds sway
Stoking voters’ rage is not a practical political tactic nowadays, at least in two Pahang seats the columnist explored. DURING a recent “political tourism” road trip from Kuala Lumpur to Bera, Pahang, I noticed a difference in the “noise” coming from Chinese voters compared with what I heard leading up to the 14th General Election (GE14) in 2018.
Source:The Star
October 30, 2022 03:15 UTC
HUBLine wins RM22mil contract to provide helicopter services for GE15
KUALA LUMPUR: Hubline Bhd has secured a contract worth RM22.05mil from the Election Commission (EC) to provide helicopters services in Sabah for the 15th General Election (GE15). In a filing with Bursa Malaysia, HUBLine said its subsidiary, Layang Layang Aerospace Sdn Bhd (LLA) had been awarded the contract by the EC. Under the contract, LLA will provide helicopters inclusive of the aviation operations supplies and equipment; flight operation planning and preparation; implementation of flight schedules and operations; and planning and implementation of emergency response. The contract is for a period of six months. “The contract will have no effect on the issued share capital of the company and is expected to contribute positively towards the earnings of HUBLine Group for the financial year ending Sept 30, 2023,” HUBLine said.
Source:The Star
October 29, 2022 10:26 UTC
QuickCheck: Did a UK Royal Navy officer named Manley Power lead a fight against a Japanese cruiser off Penang?
OVER the years, it has been occasionally stated online that the fight to sink the Imperial Japanese Navy cruiser Haguro on May 16, 1945 - also known as the Battle of the Malacca Strait - was led by a captain of the United Kingdom's Royal Navy named Manley Power. Is this true? VERDICT:TRUEYes, your eyes are not deceiving you; the fight that sank the cruiser Haguro and damaged the destroyer Kamikaze was in fact led by then Captain, later Admiral, Manley Power, who was leading the 26th Destroyer Flotilla as captain of the Royal Navy ship HMS Saumarez. The other four ships in the flotilla were HMS Verulam, Venus, Vigilant, and Virago. However, the Kamikaze was able to escape the ambush despite sustaining damage by heading towards Penang and returning the next day to rescue approximately 300 survivors of the battle.
Source:The Star
October 29, 2022 04:34 UTC
Unisem 3Q net profit jumps 53% to RM61.7mil
KUALA LUMPUR: Unisem (M) Bhd , which posted a 53.3% jump in net profit to RM61.73mil in the third quarter ended Sept 30, expects its performance to be satisfactory in the next financial quarter. “The directors expect the performance of the group to be satisfactory for the next financial quarter,” Unisem said in the notes accompanying its financial results. Unisem’s directors have approved a second interim dividend of 2.0 sen per share tax-exempt for the current financial quarter ended Sept 30. For the nine months to Sept 30, Unisem recorded revenue and net profit from continuing operations of RM1.3bil and RM177.98mil respectively, representing an improvement of 16.3% and 26.2% respectively against the corresponding 9-month period ended Sept 30, 2021. “The improvement in revenue and net profit was attributable to better average selling prices coupled with the appreciation of USD/MYR and USD/RMB exchange rates,” it said.
Source:The Star
October 28, 2022 03:07 UTC
Woman pleads to get her son back from Manila
IPOH: Seamstress Vong Foong Thai is pleading for help to get her son, who has been forced to be a scammer in Manila, home. Vong, 61, said her 28-year-old son Choong Chin Yee was tricked into working as a scammer in Manila since November last year. “He managed to escape from a heavily-guarded compound on Tuesday where he and hundreds of other people were being held. “He told me that he had tried to seek help at the Malaysian Embassy there but was turned away. Low said he would write to the Malaysian Embassy in Philippines about Choong’s predicament.
Source:The Star
October 28, 2022 02:44 UTC
Trading in Damansara Holdings to be halted on Friday pending material announcement
KUALA LUMPUR (Oct 27): Trading in the shares of Damansara Holdings Bhd will be halted on Friday (Oct 28), pending the release of a material announcement. The one-day suspension in trading is at the company’s request, Damansara Holdings said in a filing. The group is involved in property and land development, integrated facilities management, and project management and consultancy services. For the financial year ended June 30, 2022, Damansara Holdings posted a net loss of RM16.13 million on revenue of RM169.68 million. Shares of Damansara Holdings finished six sen or 12% lower at 44 sen, giving the company a market capitalisation of RM143.78 million.
Source:The Edge Markets
October 27, 2022 20:57 UTC
KNM unit slapped with a winding-up petition over RM40 mil dispute
KUALA LUMPUR (Oct 27): A unit of KNM Group Bhd, which carries RM1.6 billion in total cost of investment, has been slapped with a winding-up petition from a vendor over the failure to pay a settlement sum of US$8.5 million (RM40.08 million). In a filing on Thursday (Oct 27), the process equipment manufacturer said its wholly-owned subsidiary KNM Process Systems Sdn Bhd (KNMPS) had on Wednesday (Oct 26) been served a winding-up petition from United Arab Emirates-based IPL Middle East DMCC. “KNMPS was unable to pay the settlement sum according to the payment plan, and consequently the petitioner (IPL Middle East) initiated this petition to wind up KNMPS,” KNM said. KNM noted that the unit is not a major subsidiary of the company under the Main Market Listing Requirements (MMLR) of Bursa Malaysia Securities Bhd. KNM said the winding-up petition is fixed for case management on Thursday, and for hearing on Jan 19, 2023.
Source:The Edge Markets
October 27, 2022 20:43 UTC
Kenanga Research starts coverage of LGMS, target price at RM1.50
KUALA LUMPUR (Oct 27): Kenanga Research has initiated coverage of cybersecurity penetration testing company LGMS Bhd with an "outperform" rating at RM1.18 and target price (TP) of RM1.50. In a note on Thursday (Oct 27), the research house said LGMS thrives in both economic boom and down cycle. It said that for instance, the 2008 economic downturn resulted in cybercrime hitting a record high in the US while an economic boom is expected to drive the adoption of digitalisation and in turn increase demand for cybersecurity. “With the IPO proceeds, the group will expand its talent size, regional presence and launch its new blockbuster product (Project Mercury). “We initiate coverage with an 'outperform' call and a TP of RM1.50,” it said.
Source:The Edge Markets
October 27, 2022 12:39 UTC
All six onboard ill-fated heli found safe
A Pahang and Fire Rescue Department spokesman said the pilot of the private helicopter, only known as “Capt Pedro”, escaped injury. The spokesman said that following a search and rescue (SAR), the victims were found safe at 3.51pm. “The victims have been given early treatment,” said the spokesman, adding that one of them suffered a broken leg. The aircraft was operated by Layang Layang Aerospace Sdn Bhd. Voo said further investigations will be handled by the Transport Ministry’s Air Accident Investigation Bureau.
Source:The Edge Markets
October 27, 2022 06:41 UTC
My Say: Measures to mitigate the flood hazard during the general election
The floods of December 2021, in which 54 people died, hold the record for the highest death toll in the history of floods in Malaysia. Subsequently, the Election Commission has announced that polling will be held on Nov 19, confirming that the 15th general election (GE15) will be held during this monsoon season. WMO further outlined that, of the top 10 disasters, the hazards that led to the largest human losses during the period have been droughts (650,000 deaths), storms (577,232 deaths), floods (58,700 deaths) and extreme temperature (55,736 deaths). We read in the news of a father and son who were drowned while wading through flood waters and that a motorist had drowned when fast flood water had overturned his vehicle. Therefore, we appeal to the interim government and the chief secretary to the government to allocate sufficient and capable manpower and experts to organise and support disaster management efforts.
Source:The Edge Markets
October 27, 2022 03:33 UTC
Jail for man who posed as gynaecologist to get intimate photos, videos of women
SINGAPORE (The Straits Times/Asia News Network): A man duped 35 women into sending him intimate photos and videos of their bodies by pretending to be a female gynaecologist from a private hospital. The court heard that in late 2016, Ooi created a Facebook profile styling himself as “Dr Janice Lee Yan Hooi” from “Gleneagles Medical Singapore”. He said the medical plan was approved by “Gleneagles Medical Centre”. Ooi claimed the videos would enable him to diagnose any health issues, so he could provide them with a treatment plan. Between 2018 and 2021, his 35 victims sent a total of 919 photos and videos to Ooi.
Source:The Star
October 26, 2022 20:11 UTC
Sunview bags RM94 mil EPCC contract for LSSPV plant
KUALA LUMPUR (Oct 25): ACE Market-listed Sunview Group Bhd has clinched a RM93.83 million engineering, procurement, construction and commissioning (EPCC) contract for the development of a 26-megawatt large-scale solar photovoltaic (LSSPV) plant in Kuala Langat, Selangor. The contract is its first since its listing on Oct 17. “Works for the LSSPV plant are expected to commence from February 2023 up to November 2023 or such other date determined under the power purchase agreement, being the agreed schedule commercial operation date,” Sunview added. Shares of Sunview closed one sen or 2.06% higher at 49.5 sen, giving the group a market capitalisation of RM229.3 million. The counter has risen 70.69% from its initial public offering price of 29 sen.
Source:The Edge Markets
October 26, 2022 04:48 UTC
My Say: Reject cynicism and political exceptionalism
If it works, the political class will not hesitate to use cynicism as a competitive tool to undermine their opponents, even if it also undermines confidence in the very political institutions in which the political contest is taking place. We thus create titles and protocols and endow privileges on the political class to exhibit this exceptionalism. We have had this political exceptionalism for far too long and it must end. They are the collaborators of the propagators of the exceptionalism of the political class. Reject them as we should also reject the propagators of political exceptionalism themselves.
Source:The Edge Markets
October 26, 2022 03:31 UTC
Strong govt post-GE15 crucial for FBM KLCI
Despite a sharp sell-off in Chinese stocks on the Hong Kong stock exchange this week, the FBM KLCI remained resilient and closed two points lower at 1,444 points yesterday. Market analysts believe investor expectations for a strong government in place at Putrajaya post-GE15 in late November should see the local market move higher despite the heightened risk factors and volatility in global markets. “GE15 is drawing some funds (local and foreign) into the local market on expectations a big win for one of the parties could lead to a more stable leadership and better policy outcomes. As of yesterday, the index was 7.9% lower year-to-date (or 19% lower in ringgit to US dollar terms). Wong said Chinese stocks that support Beijing’s policy of self-sufficiency and domestic policy such as electric vehicle makers, green tech players and consumer-related counters offer good long-term investment opportunities.
Source:The Star
October 26, 2022 03:28 UTC
Ringgit ends marginally higher against US$
KUALA LUMPUR: The ringgit closed marginally higher on Tuesday. At 6 pm, the local note was slightly better versus the greenback at 4.7350/7375 from 4.7380/7395 chalked up last Friday. A dealer said traders have been focusing on the dollar and would continue to do so, capitalising on the rising dollar and rising US treasury yields. Meanwhile, the ringgit weakened against a basket of major currencies from Friday’s closing. It was marginally lower against the Singapore dollar to 3.3233/3253 from 3.3144/3157 previously and versus the Japanese yen, it weakened to 3.1804/1823 from 3.1384/1396 on Friday’s close.
Source:The Star
October 26, 2022 00:31 UTC