Singapore wanted 50-50 of RTS operations but Malaysia won 52% control

Malaysia and Singapore carried out negotiations on which country would have a controlling stake of their joint venture operating company that will run the JB-Singapore Rapid Transit System  (RTS) between Kuala Lumpur and Singapore. Singapore wanted a 50-50 split but Malaysia believed there should be a dominant party to make

Cufica Boys

Mee Kolok for breakfast anyone?

Two best buddies from childhood and they are both named Kamarul. One is KJ the Chef and KC the partner and his wife. The young founders of the Neighbourhood Supply Restaurant, KJ, KC & Yana offers the best of EAST Coast & East Malaysia with its authentic breakfast fix of

Cyclone warning for Mauritius with heavy rains and flood expected

A Tropical Cyclone, Berguitta, is intensifying in the southern Indian Ocean and is likely to have a major impact on both Mauritius and Reunion. Satellite photos shows a huge storm in the Indian Ocean right next to Mauritius. The Island did not see any major cyclones for more than a

Bursa lacking earlier intensity, correction to continue

The FBMKLCI rose 3.24pts to 1,825.91 yesterday, led by gains in GENM, YTL and PCHEM. Market breadth, however, was negative with losers outpacing gainers by 685 to 378. This indicates that the stock market (FBM/KLCI) is losing its earlier intensity and the market correction will continue.

‘Chinese only’ or ‘No African’: Racism not new in Malaysia

Malaysians are not racists, not all of them. Among them, they are very solitary. There is even this thing called “we are Malaysians” when it comes to prioritising the locals against the foreigners. Does that mean they are racist when they refuse to allow some foreigners to rent houses? Some

MH370: Americans have 90 days to find wreckage

The American search team from the Ocean Infinity could reap up to $70 million for locating wreckage — or no fee at all if it cannot find the missing plane. But it has 90 days to deliver. The Ocean Infinity-operated vessel Seabed Constructor is in transit to the search area and

Khazanah, Temasek complete RM32.9b GDV projects in Singapore

Khazanah Nasional Bhd and Temasek Holdings Pte Ltd have completed and delivered the Marina One and DUO joint development projects in Singapore, worth a combined S$11 billion (RM32.9 billion) in gross development value. In a joint statement yesterday, Khazanah and Temasek said the projects are the result of

Bursa: Investors may cash in today

The Malaysia stock market has moved higher in three straight sessions, gathering almost 20 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,825-point plateau, although investors may cash in today, said RTTnews. The KLCI finished slightly higher on Monday following

Signs of slowing GDP growth in last quarter of 2017

The Oct-Nov 2017 data imply slower fourth quarter of last year (4Q2017) GDP growth in Malaysia on the back of slowdown in industrial production growth from +5.9% year-on-year (Y-o-Y)in the third quarter(3Q 2017) to +4.2% YoY in Oct–Nov 2017. This was due to slower growth

Maybank IB Research

Maybank: Neutral on the property sector; Sunway is top buy

Maybank Research today said it maintained its neutral call on the property sector in Malaysia, while it sees Sunway Group as a top buy. “We maintain NEUTRAL on the property sector. The sector still lacks a strong re-rating catalyst. That said, we may see some trading opportunities around the sector

Property market plagued by huge number of unsold houses

While property demand has started recovering, the sector’s fundamentals remain weak with the market plagued by a huge number of unsold houses and other properties. The country has RM12.3 billion of Unsold completed residential units, a record high in Malaysia. Of these unsold stocks, 68,245 units or

Book on MH370 crisis communication a must for CEO's

A book on crisis communications and on how business and political leaders should handle the media as well as perceptions among the general public in managing a crisis, is a must read for CEO’s said writer Krishnamoorthy Muthaly. In an interview, Mr Krishnamoorthy – who was reporter of the year

Mofaz acquires majority shares in YCM Construction

Kumpulan MOFAZ Sdn Bhd and YCM Construction Sdn Bhd yesterday agreed to the former’s intention to purchase and acquire shares 70% of YCM’s shares in a deal that would boost the construction business for both entities. “The signing of the agreement went beyond the normal expectation of business

This very French outfit could teach a thing or two to Islamic bankers

IN the world of business, when it comes to money there are very few friends around, and this is the very painful fact that one faces when on the hunt for the elusive cash. With the current state of global affairs, banks and financial institutions are increasingly moving away from

Berenger

The battle is on: split or remove Berenger with high-profile names threatening to quit party

A group of high-profile MMM members are pondering on their future in the party after realising the MMM has weakened further due to rumours of its leadership in talks with the rotten MSM party. The secret meetings between Paul Berenger (PRB) and Sir Aneerood Jugnauth (SAJ) – revealed by WFTV on

Silicon-rich water may help lower aluminium levels in MS patients

Spritzer bottled water, which is silicon-rich mineral water, could facilitate the removal of aluminium from the body via urination. “Drinking silicon-rich mineral water can help remove excess aluminium from multiple sclerosis patients, according to a study backed by a Malaysian company,” says the study. The paper focused on patients with

Moment of truth: Seabed Constructor search mission nearing supposed MH370 location

Photo Credit: https://blogs.csiro.au/ecos/mh370/L A real flapper from a Boeing 777 was used in a test to prove that it could have floated to Reunion Island from the seas near the coastal areas of Australia The Ocean Infinity search vessel the Seabed Constructor – Swire Seabed

UK tourist numbers on the rise in Mauritius

The Mauritius Tourism Promotion Authority (MTPA) reported that the UK has become the second biggest source market in Mauritius after 2017 visitor numbers increased by six per cent MTPA said the jump in arrivals from the UK outpaced the overall five per cent global increase in visitors from 2016 to

The Indian push: Pravind to invite Modi for 50th independence day

Prime Minister Pravind Jugnauth intends to invite Indian PM Narendra Modi as chief guest for the 50th Independence Day of our country.  The decision was announced by vice president Paramasivum Pillay in India on Friday. This will be Modi’s second visit to Mauritius if he accepts the invitation. Our

Berenger

SAJ-Berenger: Secret meeting to seal deal?

The MMM leader Paul Raymond Berenger is said to be on the way to hold another private and confidential meeting with Sir Aneerood Jugnauth (SAJ). The meeting will center on the results of last November’s secret talks the two leaders had in private but accompanied by their closest advisors.

Khazanah Deputy MD is new Axiata board member

Axiata Group Berhad (Axiata) said it appointed the Deputy Managing Director of Khazanah National Berhad (Khazanah), Tengku Datuk Seri Azmil Zahruddin Raja Abdul Aziz, 47, as the newest addition to its Board. He replaces Kenneth Shen, who has served on the Board of Axiata as Khazanah nominee since 2011. With

The Americans know where MH370 is says father and husband of French victims

In an interview in French on the BFMTV based in France, Ghislain Wattrelos who lost his wife and children when the MH370 went missing on a fatal day in May 2014 said he firmly believe the Americans know where the plane is but they have their reasons to remain silent.

Amirah Che Azizuddin

Amirah, the lady boss of Arca Corporation

My mentor in real life is also my mentor at work, says Leeds born Amirah and boss of Arca. Spending about eight years and most of her teen time in Melbourne for her tertiary education, Amirah the eldest child of Che Azizuddin is now the chief executive officer of Arca

Mahathir barred from visiting Anwar while PKR women chief want Tun M as senior minister

Former Prime Minister Mahathir Mohamad said he was barred from visiting jailed opposition leader Anwar Ibrahim in hospital on Wednesday (Jan 10) afternoon, with hospital officials telling the Pakatan Harapan (PH) chairman that they had received instructions not to allow him in. Mahathir said the actions were that of the

UMW Aerospace to break-even in 2019

An analyst report indicates that UMW Aerospace Sdn Bhd is expected to break-even the financial year 2019. UMW Aerospace delivered its first unit of fan case in Nov 2017 and has completed 6 units of fan case in last year. The Group, recognised by Rolls-Royce as its Tier 1 supplier