Hadi: PAS needs to overcome barriers with non-Muslims
ALOR SETAR (Sept 4): PAS needs to overcome the barriers between the party and the non-Muslims in a wise manner, said its president Tan Sri Abdul Hadi Awang. He said apart from Malay-Muslim parties, PAS should also approach and collaborate with non-Muslim parties and non-governmental organisations (NGOs) through the PAS Supporters' Congress (DHPP). He added that PAS also needs to reach out to non-Muslim voters, especially those who do not have any party affiliation, to vote for Muslim candidates. But as usual, we hold discussions at certain levels, which we do not need to disclose," he said. On Saturday (Sept 3), Umno deputy president Datuk Seri Mohamad Hasan was reported to have said that there were no Umno leaders currently engaged in discussions with PAS as alleged by Hadi.
Source:The Edge Markets
September 04, 2022 13:32 UTC
How Malaysia lost world’s first digital bank and e-commerce platform
KUALA LUMPUR (Sept 3): Twenty-eight years ago, on Merdeka Day in 1994, a new Malaysian bank — Allied Bank — was born, and subsequently renamed PhileoAllied Bank. The banking industry in Malaysia was far more vibrant and dynamic in those days. There were 36 commercial banks, 39 finance companies and 12 merchant banks in operation. Not only were they popular with individuals, but they were soon installed at coffee shops and minimarkets. Read more about the bank’s interesting journey as one of the first, if not THE FIRST, digital banks in the world, in the Tong’s Portfolio column in the Sept 5 issue of The Edge Malaysia weekly.
Source:The Edge Markets
September 03, 2022 16:45 UTC
Recipients can keep Peranti Siswa tablets
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Source:New Strait Times
September 03, 2022 15:45 UTC
Renegotiation of rates a boon for service providers
LOCALLY listed oil and gas (O&G) service providers are known to have been suffering for some time now. Some have yet to recover from the oil price crash in 2014, while others have gotten back on firming footing.
Source:The Star
September 03, 2022 15:30 UTC
Man Group: Asia stocks will be first to emerge from downturn
MAN Group Plc expects Asian stocks to outshine other regions next year as softer inflation and the end of an earnings downgrade cycle set the ground for an early rebound. Within the region, the hedge fund giant is betting on defensive stocks in India and South-East Asia while cautioning that equities across northern Asia remain more vulnerable to trade headwinds and the economic slowdown in China. Forward earnings-per-share estimates for the MSCI’s Asia benchmark have slumped about 9% from a March high, while those for the S&P 500 have gained during the period. Heading to 2023, Man Group continues to hold confidence in South and South-East Asia over their northern neighbours. “‘Whereas South-East Asia, including India, is more driven by domestic demand.
Source:The Star
September 03, 2022 13:31 UTC
My Say: Narratives from the food crisis
A number of worrying narratives have emerged from the current food crisis. These crises are global phenomena but the low food production is our own doing. First, the food crisis was made worse by the lack of local food production, due to the legacy of our previous national policies. High dependence on imported items makes the country vulnerable and not resilient to shocks, as proven during the current crisis. Second, all the narratives point to one direction: the need to put food first or a Food First Policy to be adopted.
Source:The Edge Markets
September 03, 2022 07:37 UTC
Letters of award to two main contractors of LCS project voided, says BHIC
KUALA LUMPUR (Sept 2): Boustead Heavy Industries Bhd (BHIC), which is embroiled in the RM9 billion littoral combat ship (LCS) project fiasco, announced that the letter of awards to two main contractors in relation to the six vessels for the Royal Malaysian Navy (LCS Programme) have been voided. "The company will continue to engage all relevant stakeholders to give its full cooperation in ensuring that the progress of the LCS programme will not be impacted, in the best interest of national security," it said. BNS had appointed the companies as the main contractors for the project. Meanwhile, BNS is 20.77%-controlled by BHIC, 68.85% by Boustead Holdings Bhd, with armed forces fund Lembaga Tabung Angkatan Tentera (LTAT) holding 10.38%. The LCS project was awarded to BNS by the government through the Ministry of Defence in 2014.
Source:The Edge Markets
September 03, 2022 07:03 UTC
Msia attracts RM123.3bil worth of approved investments for Jan-June 2022
This translates into a 48.8 per cent rise against the RM52.4 billion (US$12.6 billion) worth of investments for the first six months a year ago, the statement said. A total of 22,569 new jobs are expected to be created in the services sector for 2022, the statement said. The manufacturing sector came next, with RM43.1 billion (US$9.8 billion) worth of approved investments, accounting for 34.9 per cent of total approved investments versus RM75.8 billion (US$18.3 billion) for January-June 2021. MIDA cited a mega project approval for the high total approved investments in the manufacturing sector in the 2021 period. For state-approved projects, MIDA said five major states -- Johor, Selangor, Sabah, Kedah and Penang -- contributed RM103.5 billion (US$23.5 billion), or 83.9 per cent of the total investments approved.
Source:The Star
September 03, 2022 06:03 UTC
Bursa ends marginally lower in range-bound trade
The barometer index opened 1.17 points better at 1,493.12, and subsequently moved between 1,489.23 and 1,498.61 throughout the trading session. Total turnover fell to 2.18 billion units worth RM1.57 billion from 2.44 billion units worth RM2.02 billion on Thursday. The Main Market volume fell to 1.16 billion shares worth RM1.25 billion from 1.52 billion shares worth RM1.73 billion on Thursday. Warrants turnover dwindled to 197.21 million units valued at RM32.4 million from 333.8 million units valued at RM50.75 million on Thursday. The ACE Market volume increased to 818.7 million shares worth RM291.65 million from 585.32 million shares worth RM243.51 million previously.
Source:The Edge Markets
September 02, 2022 23:32 UTC
QuickCheck: Is it true that the Leaning Tower of Teluk Intan served as a water tank for residents?
MENTION the town of Teluk Intan, and it’s likely that this charming clock tower in Perak comes to mind. Is it true that it was used to store water for the local community? In fact, the weight of the water tank is also one reason why the 85-feet tall clock tower is leaning. "Also, the weight of the water tank that was holding water made it lean to the west," read an explanation on the Teluk Intan Municipal Council website of the now tourist attraction in Perak. As of today, the tower no longer holds water but the clock still works and chimes every 15 minutes.
Source:The Star
September 02, 2022 16:00 UTC
Blood type could predict risk of having a stroke before age 60 - research
The study found that people with early stroke were more likely to have blood type A and less likely to have blood type O (the most common blood type) -- compared to people with late stroke and people who never had a stroke. Both early and late stroke were also more likely to have blood type B compared to controls. After adjusting for sex and other factors, researchers found those who had blood type A had a 16 percent higher risk of having an early stroke than people with other blood types. Those who had blood type O had a 12 percent lower risk of having a stroke than people with other blood types. “The association of blood type with later-onset stroke was much weaker than what we found with early stroke,” said Mitchell.
Source:The Edge Markets
September 02, 2022 03:30 UTC
Penang mufti: Guidelines on foreign artists vital
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Source:New Strait Times
September 01, 2022 23:05 UTC
Malaysia introduces premium visa programme to attract wealthy foreigners
PUTRAJAYA (Sept 1): Malaysia has introduced a Premium Visa Programme (PVIP) to attract wealthy foreigners to invest in Malaysia and reside in the country for a period of 20 years, says Home Minister Datuk Seri Hamzah Zainudin. Hamzah said PVIP is being offered to business tycoons from all countries, except Israel and those that do not have diplomatic ties with Malaysia. "We have to set a ceiling so that it does not exceed 1% of the total number of Malaysians. "If there are 30 million citizens now, then it means that there should only be 1% (300,000) and the ceiling number also includes (participants) of Malaysia My Second Home (MM2H) programme," he said. "The Home Ministry is confident that this programme will be able to attract more foreign direct investment that will strengthen the economy and increase job opportunities for locals.
Source:The Edge Markets
September 01, 2022 22:01 UTC
My Say: Empowering local SMEs to integrate into the global value chain
Empowering local championsMNC activities have fostered local entrepreneurship and spurred many Malaysian companies to become local and global champions. Integration into global value chainSmall and medium enterprises (SMEs) and local companies are able to form partnerships with MNCs to develop strong links along the supply value chain. Local companies support MNCs’ needs by providing the materials and components they require, which in turn helps the local companies to grow organically and gain a good reputation in partnering with MNCs. This contributes to our local SMEs adopting internationally benchmarked sustainability standards and elevating the adoption of sustainability within Malaysia’s supply ecosystem. As more companies, both local and foreign, embrace tenets of sustainability, these will positively impact the local population, the environment and the economy.
Source:The Edge Markets
September 01, 2022 09:38 UTC
DNB says 5G access talks with six MNOs progressing under separate, independent track
KUALA LUMPUR (Aug 31): Digital Nasional Bhd (DNB) said discussions on 5G access agreements are progressing with all six mobile network operators (MNOs) involved, and under a separate and independent track. The six MNOs are Maxis Bhd, U Mobile Sdn Bhd, Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, YTL Communications Sdn Bhd, and Telekom Malaysia Bhd. “The four MNOs remain interested, and it is envisaged that the equity participation process will progress to completion with the MNOs concerned. “[Meanwhile,] discussions on 5G access agreements are progressing with all six MNOs, and under a separate and independent track,” it said. DNB said it is committed to ensuring that the 5G network and infrastructure will continue to be deployed on an accelerated basis.
Source:The Edge Markets
August 31, 2022 22:07 UTC