Eversendai issued with UMA query as share price soars
KUALA LUMPUR: Eversendai Corp Bhd has been issued with an unusual market activity (UMA) query by Bursa Malaysia following a sharp rise in the price of its security. As at 12.30pm, the share of the construction firm was up 11 sen or 17.89% to 72.5 sen. It had risen to as high as 78.5 sen earlier in the day, representing a 27.64% increase over its reference price of 61.5 sen. Year-to-date, Eversendai's share price has more than quadrupled in value. The share nearly doubled in value to 40 sen a share in a single day of trading on volume of 130.42 million shares, its second highest on record.
Source:The Star
May 13, 2024 06:35 UTC
Fast food fiasco
IF I’m suffering from a life-threatening disease and laying helplessly on a hospital bed, it wouldn’t matter to me if the doctors and nurses trying to save my life were Type C, Type M or Type I – if that’s a new classification for races. I would just want the type of medical personnel who are competent and dedicated to their work. Basically, their race or religion bears no significance to me.
Source:The Star
May 12, 2024 12:21 UTC
Govt to open up info network to speed up AI growth
KUALA LUMPUR: Students and members of academia will have access to a vast network of information in just two weeks as part of the government’s effort to enhance Artificial Intelligence (AI) in the country. “We will ask the Digital Ministry, Communications Ministry and the Science, Technology and Innovation Ministry to coordinate this in a simpler format. He added that it was important to anticipate threats from outside, which meant strengthening cybersecurity in terms of AI. He said the governance of the AI ecosystem needed to be systematic, with professional and skilled talent who can work with multinational corporations and the Malaysian Artificial Intelligence Consortium (MAIC). He also launched the AI Talent Roadmap 2024-2030 and Faculty of Artificial Intelligence (FAI) and MAIC.
Source:The Star
May 11, 2024 11:45 UTC
Thomas Cup: Malaysia-China semifinal showdown to be shown on 15 big screens
Kompleks Belia & Sukan Negeri Kedah, Alor Setar6. Kompleks Belia & Sukan Negri Sembilan, Paroi8. Kompleks Belia & Sukan Negeri Sarawak, Kuching14. Kompleks Belia & Sukan Negeri Sabah, Putatan15. Gelanggang Futsal Hassan Sani, Kompleks Sukan Labuan, Sabah
Source:The Star
May 03, 2024 20:14 UTC
Positive outlook for DNeX
PETALING JAYA: Despite recording its lowest net profit in three years, Dagang Nexchange Bhd (Dnex) remains optimistic about its future prospects backed by the global semiconductor market recovery, favourable oil prices and potential strategic collaborations. “Simultaneously, our substantial investment in the development of micro-electromechanical systems and silicon photonics is poised to yield positive results in the near future. Dnex said it anticipates Brent crude oil price will average US$82 per barrel in 2024 and US$79 per barrel in 2025. “Given our status as a low-cost operator, profitability remains feasible as long as crude oil prices remain above US$60 per barrel,” it added. He stated that this will concurrently position Dnex as an international player in IT and open doors to even more “blue ocean” opportunities ahead.
Source:The Star
May 03, 2024 02:36 UTC
No compromise with those who touch 3R issues, says PM
PETALING JAYA: Criticism against the government and the Prime Minister are acceptable but not when 3R (royalty, religion and race) issues are being touched on, says Datuk Seri Anwar Ibrahim. "The Malay rulers, by consensus, have requested the government to take firmer action to prevent this because they feel it is unfair. They (Malay rulers) are attacked but cannot respond. "... everyone says they want to defend the Malays; the parties are Malay parties, but they insult the Malay rulers... Citing the example of allegations of royal involvement in the purported establishment of a casino, Anwar said the government would not compromise with parties that touch on the institution of the Malay rulers.
Source:The Star
May 01, 2024 19:45 UTC
Reeling in reluctant retailers
The retail net selling in March was also the ninth consecutive month of selling by local retailers and the trend continued into April. “I would expect retail investors to gradually increase exposure if the market remains buoyant, which is what we expect,” he said. In April their purchases had amounted to RM2.9bil, absorbing the net selling by retailers and foreign institutions. While institutional buyers appear to be manning market trajectory, would lower trading costs by online trading platform Rakuten Trade and Moomoo get local retailers to return to the market? That was also at a time when local institutional involvement in the local market was lower at 27% to 30%, data reveals.
Source:The Star
May 01, 2024 17:20 UTC
Stop work order issued to rubber glove factory for pollution
ALOR SETAR: The Environment Department (DOE) has taken action against a rubber glove factory by issuing a stop work order after it was found to be releasing untreated effluents into public drains. "After inspecting the drainage system, our investigator identified the source of the effluent discharge - a factory releasing blue-coloured effluents directly into public drains, contaminating a 70-metre stretch. She added that the factory has been instructed to stop the discharge of polluted effluents immediately and has been served with a stop work order. The direct release of untreated effluents is a violation of Regulation 5 of the Environmental Quality (Industrial Effluent) Regulations 2009. Sharifah Zakiah said follow-up inspections would be conducted to confirm the effectiveness of the corrective actions before the factory can resume operations.
Source:The Star
March 16, 2024 14:48 UTC
Thriving in the job market amidst the AI boom
THE rise of artificial intelligence (AI), particularly generative AI, is creating significant interest for its potential to transform industries and job markets. He emphasises the importance for tech students to not only grasp the evolution of AI but also to understand disruptive technologies to stay one step ahead. Students must always be ready to learn and acquire new and relevant skills to position themselves favourably in the burgeoning job market. The programme aims to cultivate tech engineers capable of designing, developing, deploying and maintaining AI systems, empowering them to become proficient technology developers and future talents in AI. AI graduates have diverse career options including becoming AI engineers, machine learning engineers, data engineers, robotics engineers, software engineers and data scientists.
Source:The Star
March 15, 2024 16:03 UTC
Lodge reports with ministry if you find Israeli-made products in the market, says Armizan
KUALA LUMPUR: The public should lodge complaints with the Domestic Trade and Cost of Living Ministry if they find any Israeli-made products being sold in the Malaysian market, says minister Datuk Armizan Mohd Ali (pic). Aside from monitoring prices of goods under its “Ops Pantau”, Armizan said the ministry is also checking for Israeli products in the market in the same operation. He said this following recent reports where dates from Israel were found to be sold in Malaysia. This was after the department was notified of social media postings on Monday by netizens claiming that repackaged Israeli dates were being sold in Malaysia. We will ensure no dates from Israel are being distributed and offered to consumers,” Armizan replied.
Source:The Star
March 14, 2024 15:47 UTC
Pemandu payment did not use Mitra allocation, says minister
PUTRAJAYA: The National Unity Ministry has denied that the payment of fees to the consulting firm Pemandu for strategic planning affairs and roadmap workshops for the Malaysian Indian Transformation Unit (Mitra) comes from the unit’s allocation. Minister Datuk Aaron Ago Dagang said the payment to the firm was made through the operational allocation of the ministry in accordance with existing financial procedures, namely the Treasury Circular PK 3.2. "I deny that the payment of fees to this firm utilises Mitra's allocation. I also want to refute claims that Pemandu will manage the process to review applications, financial assistance, and allocation distribution of Mitra," he said in a statement. I urge everyone to participate in this survey by providing views, suggestions, and ideas regarding the direction of Mitra," he said.
Source:The Star
March 14, 2024 15:02 UTC
Tanjung Rambutan shop in hot water for hoarding cooking oil
IPOH: A shop in Tanjung Rambutan here has landed in hot water after refusing to sell bagged cooking oil to the public. "The cashier told our personnel that cooking oil was sold out and asked them to return the following evening. "They found about 1,248kg of the cooking oil bags in the storeroom and seized the controlled goods, which was worth about RM3,120," he said in a statement on Wednesday (March 13). Kamalludin said the shop was issued with a stock declaration notice under Section 8 of the Control of Supplies Act. "The community is urged to continue being the eyes and ears, channelling information on misappropriation of controlled and subsidised goods," he said.
Source:The Star
March 13, 2024 23:47 UTC
Exploring central Vietnam with a fresh perspective
My Son Sanctuary has many Hindu temples and monuments that were constructed over a period of 10 centuries. Between the 4th and 19th centuries, they dominated the seaside region now part of central Vietnam as a massive maritime power. Drawing spiritual inspiration from the visiting Indian traders, Cham Kings progressively established there between the 4th and 13th centuries several Hindu temples, dedicated to the God Shiva. I saw some more Hindu temples, like the ones in My Son Sanctuary, in Quy Nhon, which was my next stop. Besides Hindu temples and tranquil beaches, the city is home to luxurious resorts, trendy restaurants and cafes and exotic street food joints.
Source:The Star
March 13, 2024 22:29 UTC
Health Ministry resumes Ramadan op to ensure food safety
PUTRAJAYA: The Health Ministry’s Ramadan Operation will be resumed simultaneously at all food premises, including Ramadan bazaars, operating throughout the country to ensure the safety of food sold. According to the ministry, with the cooperation of the local authorities, it also organises food safety briefings for Ramadan bazaar operators, ensuring that the food handlers have taken the anti-typhoid vaccination and undergo food operator training. In addition, it said awareness campaigns related to food safety to the public, operators and operators of raw material premises, food preparation, and food suppliers are also conducted through health education materials, mass media, electronic media and social media. It advised the public to prioritise food safety throughout Ramadan when choosing food for the breaking of fast. Consumers who have any questions regarding food safety issues can contact any district health office, the nearest state Health Department or visit the website http://moh.spab.gov.my and the Food Safety and Quality Programme (PKKM) website www.facebook.com/bkkmhq.
Source:The Star
March 12, 2024 15:37 UTC
Lower OPR hike caused ringgit's decline, Amir Hamzah tells Parliament
KUALA LUMPUR: The lower Overnight Policy Rate (OPR) increase by Malaysia as compared to the Philippines, Indonesia, Korea and India is one of the main reasons for the ringgit's decline, says Datuk Seri Amir Hamzah Azizan. The Second Finance Minister said while Malaysia’s OPR remained at 3% after it was increased by 125 basis points, the Philippines, Indonesia, Korea and India increased their key policy rates by 200 to 450 basis points, much higher than Malaysia. "The lower OPR increase compared to those countries is one of the main reasons for the ringgit's decline. "The significant difference in interest rates with the United States which is as much as 250 basis points prompts foreign investors to shift their capital out of the domestic market to markets that provide higher returns. "Now, the confidence in foreign investors who are investing in Malaysia is also encouraging.
Source:The Star
March 11, 2024 23:08 UTC