Tze Yong hoping new look will bring luck in Birmingham
Before and after: Ng Tze Yong has changed his hairstyle ahead of the Commonwealth Games. I want to try something new and hopefully this gives me some luck,” said Tze Yong. Tze Yong is out to embrace any good fortune that comes his way as he bids to shine in the quadrennial Games. “I am happy with my preparations and feel that I am ready,” added Tze Yong. “I will discuss with my coaches and possibly come up with a new strategy if I am drawn to face him,” said Tze Yong.
Source:The Star
July 23, 2022 05:40 UTC
Artroniq venturing into money lending business
KUALA LUMPUR (July 22): ACE Market-listed Artroniq Bhd has proposed the full acquisition of Paklin Venture Capital Sdn Bhd for RM1.6 million in cash as it spots growth prospects of the lending market in Malaysia. Just a week ago, Artroniq Bhd had proposed to acquire a 60% stake in Penang-based Fujim Digital Sdn Bhd (FDSB) for RM12 million to diversify and include precision engineering and machinery parts manufacturing in its business. It added that the latest desired venture was considered after taking into consideration the growth prospects particularly of the alternative lending market, due to the strict lending requirements imposed by licensed financial institutions. Artroniq’s share price closed unchanged at 47 sen on Friday, giving it a market capitalisation of RM147.79 million. Read also: Artroniq proposes diversification into precision engineering business
Source:The Edge Markets
July 23, 2022 02:51 UTC
Bursa ends week on firmer note, KLCI up 1.07%
KUALA LUMPUR (July 22): Bursa Malaysia ended the week on a firmer note, with the FBM KLCI breaking its resistance in the process on Friday (July 22), thanks to continuous buying support from local institutions and foreign funds, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 15.48 points, or 1.07%, to 1,465.8 from Thursday’s close of 1,450.32. However, total turnover declined to 2.05 billion units worth RM1.55 billion from 2.13 billion units valued at RM1.38 billion on Thursday. "We expect the FBM KLCI to continue its uptrend in the near term. "We expect the FBM KLCI to continue its uptrend in the near term.
Source:The Edge Markets
July 22, 2022 16:39 UTC
M'sia, Thailand to set up 'strong villages' to ramp up border security
BANGKOK: Malaysia and Thailand will set up "strong villages" along the border with the aim of strengthening border security cooperation as well as boosting the local population’s socio-economic development. Gen Zamrose is currently on a five-day working visit to Thailand starting Wednesday (July 21) until July 24, which aims to strengthen the defence diplomacy between Malaysia and Thailand. Also, Gen Zamrose received the "Highest Achievement Award" from the National Defence Studies Institute here. The award was presented by the Commanding General of National Defence Studies Institute, General Siravuth Wongkantee, at a ceremony Wednesday. In fact, the Thai side will also build two posts as (a mark of) support and cooperation,” he said.
Source:The Star
July 22, 2022 14:00 UTC
Bursa remains higher at midday
KUALA LUMPUR (July 22): Bursa Malaysia ended the morning trading session higher, thanks to continued buying activities among selected heavyweights, taking its cue from the uptrend in global stock markets, a dealer said. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.76 points to 1,459.08 from Thursday’s close of 1,450.32. The benchmark index opened 0.77 points higher at 1,451.09. On the index board, the FBM Emas Index rose 55.03 points to 10,356.94, the FBM Emas Shariah Index increased 13.39 points to 10,423.14, the FBM 70 was 53.89 points higher at 12,437.98, the FBMT 100 Index climbed 56.77 points to 10,115.87 and the FBM ACE improved 30.18 points to 4,773.27. Sector-wise, the Energy Index was 1.37 points higher at 638.21 and the Financial Services Index surged 169.53 points to 16,385.95, while the Plantation Index narrowed 52.16 points to 6,846.37 and the Industrial Products and Services Index eased 0.44 of-a-point to 176.54.
Source:The Edge Markets
July 22, 2022 11:03 UTC
Housing units for army veterans to be built from 2023
A TOTAL of 12,733 Rumah Keluarga Malaysia Angkatan Tentera (RKMAT) housing units will be built in five phases from 2023 to 2030 for veterans, said Datuk Seri Hishammuddin Hussein. “The aspect of improving housing for defence staff has never stopped,” he said during the question and answer session. Hishammuddin was responding to a question from Kesavan Subramaniam (PH-Sungai Siput) on housing for veterans and the status of the housing blueprint. Separately, there were 1,242 accidents involving food delivery drivers (p-hailing drivers) between 2018 and May this year. According to the Transport Ministry, the figure comprised 1,048 light injuries, 82 serious injuries, and 112 deaths involving p-hailing drivers.
Source:The Star
July 22, 2022 05:55 UTC
Bursa ends higher amid mixed sentiments in regional markets
KUALA LUMPUR (July 21): Bursa Malaysia closed higher on Thursday (July 21), driven by buying mainly in industrial products and services, as well as technology and plantations counters, amid mixed sentiments in the regional markets, a dealer said. However, total turnover shrank to 2.13 billion units worth RM1.38 billion from 2.47 billion units valued at RM1.41 billion on Wednesday. Sector-wise, the Plantation Index added 109.27 points to 6,898.53, the Financial Services Index gained 149.56 points to 16,216.42, the Energy Index was 5.05 points higher at 636.84, and the Industrial Products and Services Index rose 3.11 points to 176.98. Main Market volume declined to 1.22 billion shares worth RM1.2 billion against 1.65 billion shares worth RM1.2 billion on Wednesday. ACE Market volume swelled to 607.1 million shares worth RM118.95 million from 483.39 million shares worth RM131.05 million previously.
Source:The Edge Markets
July 22, 2022 00:34 UTC
Malaysia, Thailand to set up 'strong villages' for border security
BANGKOK (July 21): Malaysia and Thailand will set up ‘strong villages’ along the border with the aim of strengthening border security cooperation as well as boosting the local population’s socio-economic development. Zamrose is currently on a five-day working visit to Thailand starting on Wednesday until July 24, which aims to strengthen the defence diplomacy between Malaysia and Thailand. Also, Zamrose received the 'Highest Achievement Award' from the National Defence Studies Institute here. The award was presented by the Commanding General of National Defence Studies Institute, General Siravuth Wongkantee, at a ceremony on Thursday. In fact, the Thai side will also build two posts as (a mark of) support and cooperation,” he said.
Source:The Edge Markets
July 21, 2022 23:52 UTC
Leuze Electronic plans to double investment to RM200 mil in Melaka
MELAKA (July 20): German-based global optical sensor manufacturer Leuze Electronic Malaysia Sdn Bhd plans to increase its investment to RM200 million in the near future with the operation of its new plant in Bukit Rambai here early last year. "Leuze Electronic is expected to double its investment (here) and the State government will help it in its expansion," he told reporters after officiating at Leuze Electronic here on Wednesday. Also present was senior State Executive Councillor for investment, industry and entrepreneur development Datuk Seri Ab Rauf Yusoh. Meanwhile, Ab Rauf said investments by German companies in Melaka reached almost RM15 billion, including that from Leuze Electronic and Infineon Technologies (Malaysia) Sdn Bhd. He said these investments by almost 10 German companies underscores Melaka as one of the best investment destinations.
Source:The Edge Markets
July 21, 2022 04:49 UTC
United Plantations 2Q earnings up 36% amid strong palm oil prices
KUALA LUMPUR (July 20): United Plantations Bhd net profit for the second quarter ended June 30 (2QFY22) grew 36% to RM184.63 million from RM135.79 million a year ago, amid elevated crude palm oil (CPO) prices. Revenue for the quarter under review rose 46% year-on-year to RM701.26 million from RM481.87 million in 2QFY21, according to the group’s filing with Bursa Malaysia. For the first half of this year, United Plantations’ net profit grew 16% to RM244.33 million from RM210.61 million in the previous corresponding period, while revenue rose 53% to RM1.34 billion from RM881.52 million over the same period. Moving forward, the group said labour shortages remain the primary risk for the remainder of 2022. Shares of United Plantations closed 10 sen or 0.7% lower at RM14 per share on Wednesday (July 20), giving it a market capitalisation of RM5.83 billion.
Source:The Edge Markets
July 20, 2022 23:16 UTC
June 2022 supplementary electoral roll open for review - EC
KUALA LUMPUR: The Supplementary Electoral Roll for June 2022 (DPT BLN6/2022), which have been verified and gazetted, is now open for review for 30 days starting from Tuesday (July 19) until Aug 17. It also involved 10,414 registered voters who changed constituencies and 4,591 voters who changed the status or category of voters. Ikmalrudin said the EC provided five methods of review, namely, through EC portals at https://www.spr.gov.my or https://mysprsemak.spr.gov.my and the official portals of State Election Offices at http://ppn.spr.gov.my. The review could also be done through the online app at https://myspr.spr.gov.my, MySPR Semak mobile app and the EC hotline at 03-8892 7018. "If they find that their names are not listed in the electoral roll, they can make a claim by filing in Form C through the online app at https://myspr.spr.gov.my or visit the State EC office concerned,” he said in a statement.
Source:The Star
July 19, 2022 21:57 UTC
Bursa: Glove share sale by local institutions gains momentum
Such sentiment is already reflected in share prices of major glove manufacturers — Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd. In securities trading terminology, short selling involves the sale of borrowed securities at higher prices by the borrower, in anticipation that prices of the securities will fall. For the July 11 to 15, 2022 trading week, Ng said the KLCI's average weekly trading value fell 7% week-on-week to RM1.26 billion — its lowest since the trading week ended Dec 28, 2019. Across Bursa during the July 11 to 15, 2022 trading week, Ng said local institutional investors became the largest net sellers of local equities after five weeks of being net buyers. "They were net sellers of RM62 million worth of equities last week vs. net buyers of RM40 million two weeks ago.
Source:The Edge Markets
July 19, 2022 21:55 UTC
Palm oil set to plunge 20% by September, top analyst predicts
(July 19): Palm oil, the world’s most consumed cooking oil, may extend its slide, tumbling more than 20% to RM3,000 a tonne by September, driven by surging supplies in Indonesia, said veteran analyst Dorab Mistry. “They are chock-a-block with palm oil,” he told Bloomberg TV. “Barges, ships, everything is being used to store palm oil. That means the outlook for palm oil remains bearish for now. “This is just one step in the southward journey in palm oil,” Mistry said.
Source:The Edge Markets
July 19, 2022 19:13 UTC
Pahang livestock project to churn out Wagyu beef
Getting Started Junior Member102 postsJoined: Jul 2006https://www.nst.com.my/news/nation/2022/07/...-dairy-productsPahang livestock project to churn out Wagyu beef, buffalo dairy productsPahang has allocated 284ha for a livestock farming project in Bukit Kajang near here to meet the demand for Wagyu beef and buffalo dairy products. QUOTE Pahang has allocated 284ha for a livestock farming project in Bukit Kajang near here to meet the demand for Wagyu beef and buffalo dairy products. Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said the project was among the measures taken by the Pahang government to address food security issues. So today, we have signed a memorandum of understanding (MoU) to rear Wagyu cattle for beef and buffalo for dairy products. RAUB:Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said the project was among the measures taken by the Pahang government"We want to optimise grazing reserves for agrofood-related projects.
Source:New Strait Times
July 19, 2022 17:51 UTC
English can take you to outer space, too
KUALA LUMPUR: A Malaysian engineer says having strong English communication skills can take you places - even into outer space. Florence Tan (pic), after all, is now working at the National Aeronautics and Space Administration (Nasa). She said Malaysians tend not to worry if their child scores lower in English compared to other subjects, especially Mathematics and Science. Tan was here for the International Geoscience and Remote Sensing Symposium (IGARSS 2022), held at the Kuala Lumpur Convention Centre, this week. The symposium, hosted by IEEE Geoscience and Remote Sensing Society and Universiti Tunku Abdul Rahman (UTAR), is supported by the Malaysian Space Agency, Tourism, Arts and Culture Ministry and Malaysia Convention and Exhibition Bureau.
Source:The Star
July 19, 2022 10:00 UTC