Author - De Fa Wang

Lahad Datu teen shooting: Pistol was stored in locked cupboard

KOTA KINABALU: The pistol that caused the death of Lahad Datu OCPD's teenage daughter was kept in a locked cupboard, say Sabah police. Sabah Police Commissioner Datuk Jauteh Dikun said that based on their investigations there was no negligence in terms of the firearm's storage. Jauteh said that police investigations looked at aspects of negligence in terms...

Lengthy jail terms sought in Swiss US$1.8bil 1MDB fraud case

Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...

Centuries-old artworks saved from Copenhagen’s stock exchange blaze

COPENHAGEN (Reuters) - Art conservators are assessing the damage to centuries-old paintings recovered from a blaze that destroyed Copenhagen's Old Stock Exchange this week, the National Museum of Denmark said on Thursday. As the blaze ripped through the 400-year-old Copenhagen landmark on Tuesday, passersby jumped off their bicycles to help firefighters, conservators and soldiers retrieve valuable...

Bursa Malaysia snaps 4-day losing streak to end higher

KUALA LUMPUR: Bursa Malaysia snapped four consecutive days of losses to end higher today as bargain hunting emerged following the recent sell-off, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.42 points, or 0.35 per cent, to 1,540.42 from Tuesday’s close of 1,535.0. The benchmark index, which opened 0.05 of-a-point firmer...

Ringgit stages technical rebound to snap 3-day losing streak against US$

KUALA LUMPUR: The ringgit closed firmer against the US dollar on Wednesday as it staged a technical rebound after three days of losses, said an analyst. At 6 pm, the ringgit improved to 4.7910/7950 against the greenback from Tuesday’s closing of 4.7945/7970. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the local currency...

HeiTech Padu proposes private placement to raise RM22.98mil for working capital

KUALA LUMPUR: Heitech Padu Bhd has proposed a private placement of 10.12 million new ordinary shares, raising gross proceeds of RM22.98 million, which will be utilised for working capital. The issuance of new ordinary shares is representing 10 per cent of the total number of issued shares of the company and the placement shares will be placed to...

Dr Wee Ka Siong offers heartfelt condolences over the loss of Tan Sri Joseph Kurup

PETALING JAYA: The death of Tan Sri Joseph Kurup is a great loss to the people, says Datuk Seri Dr Seri Wee Ka Siong. "My heartfelt condolences to the family members of Tan Sri Joseph Kurup, a prominent figure to the people of Sabah, who was also the former president of Parti Bersatu Rakyat Sabah (PBRS). His...

MACC detains Perlis fisheries employee suspected of taking bribes

KANGAR: The Malaysian Anti-Corruption Commission (MACC) arrested an employee of the Perlis State Fisheries Office who is believed to have received monthly kickbacks from a company two years ago. According to an MACC source, the 44-year-old man is believed to have received bribes amounting to RM800 monthly as an inducement so that the Fisheries Department would...

Skeletal remains found at abandoned teachers’ quarters in Membakut

KOTA KINABALU: The skeletal remains of an individual found inside a room at an abandoned teachers’ quarters in Membakut on Wednesday morning (April 17). A white wire was also found hanging from the ceiling fan, and a plastic chair that had fallen to the side was found next to the remains. Acting Beaufort OCPD Assit Supt Weddrin...

Three houses destroyed in Keningau fire

KOTA KINABALU: Three houses were burnt down during a fire at a Keningau village on Tuesday (April 16). However, no casualties were reported in the fire at Kampung Ria, Jalan Dangulad there. The Fire and Rescue Department spokesman said that the emergency call came at 1.55pm. “When the team arrived, the blaze had already destroyed all three houses. “The...