Felda buys stake in Eagle High Plantations for US$505.4 million23 December 2016 @ 7:21 PM
KUALA LUMPUR: Federal Land Development Authority (Felda) has signed a deal with Rajawali Group to acquire a significant stake in the latter's PT Eagle High Plantations Tbk (EHP), one of Indonesia's largest palm oil companies.
Under the agreement, Felda subsidiary FIC Properties Sdn Bhd (FICP) will acquire a 37 per cent stake in the Jakarta-listed EHP.
The US$505.4 million acquisition will give Felda access to more than 320,000 ha land bank in Indonesia (about 4.4 times the size of Singapore), including more than 125,000 ha of planted nucleus.
Bank Negara's international reserves at RM399.6 billion7 December 2016 @ 7:45 PM
KUALA LUMPUR: Bank Negara Malaysia’s international reserves amounted to RM399.6 billion (equivalent to US$96.4 billion) as at November 30 this year.
The lower international reserves position reflected the liquidity support in the foreign exchange market, the central bank said in a statement today.
The reserves position is sufficient to finance 8.3 months of retained imports and is 1.2 times the short-term external debt.
Transport portfolio: Umno free to comment, but it's BN's decision, says Liow3 December 2016 @ 3:38 PM
KUALA LUMPUR: Umno leaders are free to voice their opinions, MCA president Datuk Seri Liow Tiong Lai said.
He said this in response to a suggestion for someone from Umno to take over the Transport Ministry portfolio in the cabinet.
The call was made by Jasin division chief Ahmad Hamzah, who is also MP for the constituency, in the Umno General Assembly at the PWTC here.
Liow who is Transport Minister, said Umno can voice their opinions but it is the Barisan Nasional mechanism that will make decisions.
Bersih rally to go on, with or without Maria Chin18 November 2016 @ 8:57 PM
KUALA LUMPUR: The Bersih 5 rally will go on tomorrow, with or without its chairman Maria Chin Abdullah.
The organisation’s steering committee member Fadiah Nadwa Fikri said that despite the arrests of Chin and its secretariat officer Mandeep Singh, the rally will continue.
“Despite this crackdown, the rally will continue. We will not back down,” she wrote on her Facebook page.
She had earlier told an online portal that the Bersih steering committee members would be stationed at specific locations including bangsar, Dataran Merdeka and Masjid Negara.
Trump win could lead to knee-jerk market volatility, say analysts9 November 2016 @ 2:04 PM
KUALA LUMPUR: A win by Donald Trump in the US Presidential election could lead to a swift, knee-jerk sell off in the market, some analysts predict.
VCB Capital executive director and chief executive officer Mohd Amir Mokhtar he expects the Dow Jones index to drop by more than 10 per cent if the former reality TV star and property developer wins, and will recover within a month or two. Nonetheless, he believes Hillary Clinton may still win the election with a margin of 51:49 victory.
Duterte to arrive in Malaysia Wednesday for two-day official visit7 November 2016 @ 6:23 PM
KUALA LUMPUR: Philippines President Rodrigo Duterte is due to arrive in Malaysia on Wednesday for a two-day official visit, his first since assuming office on June 30 this year.
He is expected to hold bilateral discussions with Prime Minister Datuk Seri Najib Razak, as part of his series of introductory visits to Southeast Asian nations.
Petrol and diesel prices go up for second month in a row31 October 2016 @ 8:42 PM
KUALA LUMPUR: For the second month in a row, fuel prices will see an increase across the board.
For November, RON95 will be priced at RM1.95 sen per litre. This marks an increase of 15 sen compared to October prices.
RON97 will be priced at RM2.30 per litre, also up by 15 sen. The same applies to diesel and Euro 5 diesel, which are priced at RM1.90 per litre and RM2 per litre; also a 15 sen increase for both.
The November prices were confirmed by the Petroleum Dealers Association of Malaysia.
Violent Mat Rempit chase, smash couple's car in LDP pursuit11 October 2016 @ 1:17 AM
KUALA LUMPUR: A couple endured a night of terror as their car was chased by a gang of Mat Rempit, who also smashed their window during a high-speed pursuit along the Damansara-Puchong Highway (LDP) early Monday morning.
The woman, identified only as San San, relayed the couple's ordeal via a Facebook posting last night, which quickly went viral.
Malaysian doctor onboard Gaza-bound humanitarian ship seized by Israel6 October 2016 @ 12:07 AM
KUALA LUMPUR: The Zaytouna-Oliva, a ship carrying humanitarian aid headed to Palestine, was seized by Israeli forces in Gaza waters tonight.
Among those onboard the 13-strong all-female crew is Malaysia's sole representative Dr Fauziah Mohd Hasan, a board member of NGO Humanitarian Care Malaysia (MyCARE).
EC: 12 parliamentary seats, 34 state constituencies to get name changes15 September 2016 @ 10:49 AM
KUALA LUMPUR: A total of 12 parliamentary seats and 34 state constituencies nationwide could undergo name changes, as proposed by the Election Commission (EC) ahead of the next general election.
The EC, in an 18-page statement today, said the name changes will only affect the seat names. It will have no effect on the number of seats involved.
The changes include federal seats in Johor, Negri Sembilan, Perak, Selangor, Federal Territory of Kuala Lumpur, and Kedah.
According to the notice, there are five affected parliamentary seats in Selangor and one in FT.