Bursa Malaysia ends higher lifted by plantation, construction stocks

KUALA LUMPUR: Bursa Malaysia closed at its intraday high on Monday, driven by bargain hunting in heavyweights with a focus on plantation and construction stocks. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.45 points, or 0.77 per cent, to 1,616.43 from Friday’s close of 1,603.98. The benchmark index opened 3.77 points firmer at...

Malaysia complains to Vietnam over South China Sea reef expansion, sources say

HANOI/KUALA LUMPUR (Reuters) - Malaysia has sent a complaint letter to Vietnam over its alleged expansion of a South China Sea reef that both countries claim as their own, two officials told Reuters, in a rare bilateral escalation not involving China. The move brings to light another of the multiple disputes in the strategic waterway, most...

Duo charged with disposing of gun used to kidnap Johor businessman

KOTA TINGGI: Two men have been charged at the Magistrate's Court here with disposing of a gun that was used in the kidnap of a 59-year-old developer from Johor. Tan Kuan Wei, 43, and Siow Boon Pin, 38, who work as a welder and scrap item collector, pleaded not guilty to the charge read out to...

President Xi to host state dinner for Anwar

SHANGHAI: Chinese President Xi Jinping will host a state dinner for Prime Minister Datuk Seri Anwar Ibrahim at The Great Hall of People in Beijing on Nov 7. "This is a great honour for Malaysia," said Malaysian Ambassador to Beijing Datuk Norman Muhamad at a press conference in conjunction with the Prime Minister's visit to the...

Authorities retrieve car from Pandan Indah landslide

KUALA LUMPUR: Authorities have retrieved the Proton Saga which fell down a slope during a landslide in Taman Lembah Maju at 4am on Monday (Nov 4). The Ampang Jaya Municipal Council enforcement personnel, together with Pandan Indah police and fire and rescue personnel had gone to the location and found that it was the same place...

No more ‘quota system’ for state-owned universities, says Sarawak minister

SIBU: Admission into five state-owned universities in Sarawak will be based solely on meritocracy to pick the best of the best, says state Deputy Minister of Education, Innovation and Talent Development Datuk Dr Annuar Rapaee. "Students need to know that enrolment for these universities is no longer based on a quota system. In other words, it's...

Tenggara Bersatu division chief, committee members exit party

KOTA TINGGI: Tenggara Bersatu chief Hassan Rasid and division committee members announced their departure from the party on Saturday (Oct 2). He said the decision was made after considering several critical issues, including his growing lack of confidence in the party's top leadership, reported Sinar Harian. "The three Srikandi branches, namely Bandar Tenggara Selatan, Pengeli Timur and...

Northeast monsoon expected to start on Nov 5, says MetMalaysia

PETALING JAYA: The Northeast Monsoon phase is expected to start on Nov 5 and continue until March 2025, bringing about five to seven episodes of heavy rainfall throughout this period. Malaysian Meteorological Department (MetMalaysia) director-general Dr Mohd Hisham Mohd Anip said that during the early phase of the northeast monsoon from November to December, heavy rain...

Anwar denies ‘Robin Hood’ label amid subsidy reforms

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has dismissed comparisons to "Robin Hood" following his recent introduction of subsidy rationalisation for the higher income group, known as the T15 group, after the 2025 Budget. Speaking at the Temu Anwar programme, Anwar said the implementation aims to assist lower income groups. "If we want to support the...

U Mobile to implement Malaysia’s second 5G network, says MCMC

PUTRAJAYA: The second 5G network in Malaysia will be implemented by U Mobile Sdn Bhd, Malaysian Communications and Multimedia Commission (MCMC) said in a statement on Friday. According to MCMC, it conducted a detailed technical and commercial evaluation to select the mobile network operator (MNO) for this project. This thorough process aimed to ensure that the full...