BUSINESS NEWS — In an industry that is dominated by two players Carlsberg Brewery Malaysia Bhdand Guinness Anchor Bhd (GAB) one player’s gain is the other’s loss, amid a competitive malt liquor market. Last week, GAB announced that its net profit grew 42.6% to RM55.2mil for its first quarter ended Sept 30, compared with RM38.7mil [...]
BUSINESS NEWS — Latex prices, which hit fresh lows in recent days, are seen to be on a downward trend in the coming months in anticipation of lower demand by major industrial users, a positive for natural rubber (NR) glove producers although other concerns linger. Analysts said rubber prices could be stifled by lower demand [...]
DOMESTIC NEWS — The Prime Minister YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak today launched two initiatives to enable scholars sponsored by the Public Service Department (PSD) to play a key role in driving the nation’s transformation. The Talent Acceleration in Public Service (TAPS) and the Scholarship Talent Attraction and Retention (STAR) programmes [...]
BUSINESS NEWS — The country has enough funds to cushion the economy, should the contagion from the European debt crisis hit Malaysi according to Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanadzlah. “We have our buffer the RM6bil stimulus spending allocated under the budget initiative. Assuming there’s no recession, the buffer will be available [...]
COMPANY NEWS — Mah Sing Group Bhd has secured a RM220.8mil bulk sale of 96 units of serviced residences in Icon Residence Mont Kiara, at an average pricing of RM1,200 per square foot. The units were taken up by an established Chinese corporation that would undertake the construction of buildings and external works of the [...]
TRAVEL NEWS — Rahsia Estates Resort, Residences and Spa, a RM300 million development in Langkawi, Kedah, is eyeing additional land for future development on the island. The developer now has 6.89ha of land located near Kampung Temoyong which is some 15 minutes away from the airport. Work on its first phase will start next month. [...]
BUSINESS NEWS — In an industry that is dominated by two players Carlsberg Brewery Malaysia Bhdand Guinness Anchor Bhd (GAB) one player’s gain is the other’s loss, amid a competitive malt liquor market. Last week, GAB announced that its net profit grew 42.6% to RM55.2mil for its first quarter ended Sept 30, compared with RM38.7mil [...]
BUSINESS NEWS — Latex prices, which hit fresh lows in recent days, are seen to be on a downward trend in the coming months in anticipation of lower demand by major industrial users, a positive for natural rubber (NR) glove producers although other concerns linger. Analysts said rubber prices could be stifled by lower demand [...]
DOMESTIC NEWS — The Prime Minister YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak today launched two initiatives to enable scholars sponsored by the Public Service Department (PSD) to play a key role in driving the nation’s transformation. The Talent Acceleration in Public Service (TAPS) and the Scholarship Talent Attraction and Retention (STAR) programmes [...]
BUSINESS NEWS — Flexiroam is one of the most exciting startup ideas that have come out in Malaysia in a while. Original and actually solving a problem. It helps me save cost in roaming charges and allows my contacts in Malaysia to call my Malaysian line to forward to another line when I am traveling. [...]
BUSINESS NEWS — The country has enough funds to cushion the economy, should the contagion from the European debt crisis hit Malaysi according to Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanadzlah. “We have our buffer the RM6bil stimulus spending allocated under the budget initiative. Assuming there’s no recession, the buffer will be available [...]
COMPANY NEWS — Mah Sing Group Bhd has secured a RM220.8mil bulk sale of 96 units of serviced residences in Icon Residence Mont Kiara, at an average pricing of RM1,200 per square foot. The units were taken up by an established Chinese corporation that would undertake the construction of buildings and external works of the [...]
BUSINESS NEWS — UMW Toyota Motor Sdn Bhd is investing RM200 million to expand its production facilities, and plans to launch the locally-assembled Toyota Camry by mid-next year. Its deputy chairman Takashi Hibi said that it was necessary for UMW Toyota Motor’s production unit Assembly Services Sdn Bhd (ASSB) to expand its facility in order [...]
OPINION — If one throws a dart randomly at those pieces of paper pinned on the wall, there is a good chance the dart will land on a handout provision. Those papers are the 2012 Budget. The Budget, as tabled by the Najib administration, is an election budget. Civil servants, teachers, the police force, the [...]
TECH NEWS — When looking at smart cell phone options in Malaysia the choices really boil down to iPhone v. Android (in my opinion). Here I will look at some Android options. Celcom, Digi and Maxis are the largest service providers in Malaysia (U-mobile is another option). For me the Celcom monthly prices seem to [...]
PRESS RELEASE — Malaysia-based international company, Bumi Armada Berhad, signed today a contract to supply and operate an FPSO for Apache Energy Ltd (Apache), to be located in block WA-49-L of the Balnaves Field, northwest Australia. The contract is for an initial 4 years fixed term time charter with an option of a further four year annual extension [...]
TRADE EVENT — The Asia E-Commerce Conference 2011 is one of the largest global e-commerce event where it brings together speakers from renowned FORBES 500 companies that offer a wide range topics. Asia E-Commerce Conference is special designed for senior manager, director and business owner of E-Commerce and ICT Companies. It provides a professional platform [...]
DOMESTIC NEWS — A third port is expected to be established by next year to handle the growing demand for port facilities in Malaysia. Port Klang Authority (PKA) chairman Datuk Dr Teh Kim Poo said currently Northport and Westports could only handle demand until 2016. “PKA has given its approval to build a third port, [...]
BUSINESS NEWS — The delivery of residential properties in Perak is expected to hit about 10,000 units this year compared with 4,582 units last year. The delivery of housing units in Perak was 9,747 in 2007, 6,513 in 2008 and 8,496 in 2009, according to a recent Finance Ministry property market report. Real Estate and Housing [...]
BUSINESS NEWS — Many companies in Brunei are keen to invest in new businesses in partnership with Malaysian firms instead of focusing only in oil and gas industries as at present. International Trade and Industry Deputy Minister Datuk Mukhriz Mahathir said this was a positive development as there were many small-scale industries with potential to [...]
PRESS RELEASE — Malaysia Airlines today announced its deal with Queens Park Rangers Football Club (QPR) of United Kingdom to sponsor the jerseys of the club’s players during its home matches in the Barclays Premier League (BPL) for the seasons 2011/2012 and 2012/2013. The announcement was made this morning at the Loftus Road Stadium in [...]
DOMESTIC NEWS — The Malaysian Trades Union Congress (MTUC) on Monday called on telcos to improve their services and reduce their rates rather than burden the people with an extra 6 percent service tax. Its vice-president A. Balasubramaniam said it was most unfair for these companies to pass the tax to consumers when they could [...]
ENTERTAINMENT — Westlife Concert Live in Kuala Lumpur, Malaysia or known as Westlife Gravity Tour 2011 is scheduled for Friday, 7th October 2011 at 8.30pm and held at the Putra Indoor Stadium, Bukit Jalil. Westlife is an Irish pop group formed on 3rd July 1998. The group’s original lineup comprised Nicky Byrne, Kian Egan, Mark [...]
BUSINESS NEWS — The Kedai Rakyat 1Malaysia (1Malaysia Shop) concept is to be expanded to at least 100 stores nationwide, including in the rural areas of Sabah and Sarawak. Deputy Domestic Trade, Cooperatives and Consumerism Minister Datuk Rohani Abdul Karim said the country’s own large-scale thrift store offered 1Malaysia brand products at prices of up [...]
BUSINESS NEWS — Countries around the world are fighting with their economical situation at the moment but at least one Asian country — Malaysia — still sees value in enhancing opportunities for its more assertive multinationals as well as bolstering investments from the West. The Malaysian prime minister, Najib Razak, led a large official delegation last month [...]
TRAVEL NEWS — Malaysia Airlines and Airasia Bhd are expected to leverage on each other’s strength to develop the local airline industry and further boost air travel in the country following their recent collaboration, says Deputy Transport Minister Datuk Abdul Rahim Bakri. He described the collaboration as very strategic and the norm among big corporations [...]
BUSINESS NEWS — The local technopreneur landscape has made good strides in the past decade with more startups sprouting in the market, but technopreneurs today face different kinds of challenges that may impede the nation’s hopes of producing regional and global champions, industry watchers say. According to Cradle Fund CEO Nazrin Hassan, Malaysia has a [...]
In Malaysian Borneo, 276 Iban families from 15 longhouses are suing timber companies and the government for pollution, trespassing and illegal logging on their land. On August 8, 300 members of the community gathered in court for the beginning of the trial, according to an article in the Borneo Post. The Iban have a Native [...]
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BUSINESS NEWS — Frost & Sullivan is revising its 2011 total industry volume (TIV) forecast to 615,900 units from 623,000 units estimated previously as a result of supply chain disruptions from the impact of the March 11 Japan earthquake. Read full article Bogartier News – for global operating professional Subscribe now, from 7,25 €/month Become [...]
BUSINESS NEWS — MIDF Research has put a value of RM3.62 for Bumi Armada Bhd, based on 20.4 times the price earning ratio (PER) for 2012, representing a potential upside of 19.3 per cent to the final initial public offering (IPO) price. Read full article Bogartier News – for global operating professional Subscribe now, from [...]
MALAYSIA – DOMESTIC NEWS Thousands of Bersih protesters clashed with police in downtown Kuala Lumpur yesterday (July 9) in Malaysia’s biggest street march in years, in a bold challenge to Prime Minister Najib Razak’s government. Defying orders not to hold the rally and skirting around a lockdown of the capital, they flooded the city centre [...]
TRAVEL NEWS — Many major players in the Malaysian tourism industry have already gone online in order to promote Malaysia, so it comes as no surprise when Tourism Malaysia recently announced that it will spend RM1.8 million on social media to woo young tourists. This marks a shift in advertising for Tourism Malaysia as it [...]
MARKETS — Most Asian markets remained in the positive territory as the morning session ended on Thursday, lifted by steady commodity markets. At 12.30pm, the FBM KLCI registered a gain of 8.99 points to 1,542.56, with 399.628 million shares valued at RM576.86mil changing hands. Gainers beat losers by 340 to 285 losing, while 280 counters [...]
BUSINESS NEWS — Malaysian companies interested in expanding their markets should not ignore the vast potential of social networking that accounts for 71 per cent of online activities across the nation. Malaysia External Trade Development Corporation (MATRADE) Chief Executive Officer Datuk Norahuddin Nordin told a conference on digital marketing here today that one should not [...]
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