Singapore’s dismal IPO market has companies eyeing Malaysia

SOME Singaporean companies are looking to sell shares in Malaysia’s booming market, as the city-state remains on track for its worst year for new stock listings in a quarter century. A shift would buck the historical pattern of Malaysian firms offering equity in Singapore, which has traditionally been seen as offering better access to global institutional...

FBM KLCI rebounds on late buying to end higher as broader market falls

KUALA LUMPUR: Bursa Malaysia’s benchmark index rebounded on late buying to finish higher after falling into negative territory at midday amid dampened sentiment in the regional markets stemming from weaker United States (US) consumer confidence data. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.01 points, or 0.18 per cent, to settle at 1,673.38 compared with...

QuickCheck: Did a civilian vehicle receive a police escort recently?

UNLESS you’re a member of the royal family or a VVIP, police escorts are rarely engaged for individuals during their commute. Recently, a video has gone viral showing a civilian vehicle being accompanied by police outriders. Did such an incident really happen? VERDICT: FALSE Sepang OCPD Asst Comm Wan Kamarul Azran Wan Yusof said the police are currently...

Ex-babysitter sentenced to 14 months in jail for force-feeding toddler

KAJANG: A former babysitter at a childcare centre has been sentenced to 14 months in prison for endangering a toddler by force-feeding her, which could have caused physical harm. Sessions Court Judge Mazuliana Abdul Rashid delivered the sentence on 24-year-old Nor A’in Ismail, who maintained her guilty plea during sentencing. The sentence will be served from...

Abuse of tourist visas key factor in KLIA ‘counter setting’ activities, says MACC source

PUTRAJAYA: The abuse of tourist visas by foreign nationals has been identified as a key factor in ‘counter setting’ activities at Kuala Lumpur International Airport Terminal 1 (KLIA1) and Terminal 2 (KLIA2). According to a Malaysian Anti-Corruption Commission (MACC) source, groups of foreign nationals, particularly from Bangladesh, Nepal, Myanmar, and several other countries, have been found...

Siblings killed in Melaka motorcycle accident buried together

MELAKA: It was an emotional moment for the family members of two siblings who were killed after their motorcycle rammed into a dumpster. The siblings were buried about 50m away from their father's grave at the Bertam Ulu Muslim burial ground in Paya Rumput on Tuesday evening (Sept 24). The siblings' 40-year-old mother, Norizan Ujak, passed...

Food caterers burnt by scammers out of RM91,000 in Seremban

SEREMBAN: Food caterers have been urged to be wary of "clients" calling over the phone to place orders as three caterers have fallen victim to scams. Seremban OCPD Asst Comm Mohamad Hatta Che Din said the three caterers lost some RM91,000 after being duped by individuals claiming to be from government agencies and departments last month. "The...

Magma buys RM80mil Dutamas land from Lee Chong Wei’s Skyload

PETALING JAYA: Datuk Lee Chong Wei’s 45%-owned Skyload Express Sdn Bhd will dispose of a 2.26-acre leasehold land in Persiaran Dutamas, Kuala Lumpur to Main Market-listed Magma Group Bhd for RM80mil. The land, located about 8km from the Kuala Lumpur city centre, has received approval for two 34-storey towers consisting of service apartments and commercial spaces. The remaining 55%...

Mahkota polls: 95.45% of early voters cast their ballot, says EC

KLUANG: A total of 95.45 per cent of military personnel and their spouses, as well as police officers, participated as early voters in the Mahkota state by-election on Tuesday (Sept 24). Election Commission (EC) secretary Datuk Ikmalrudin Ishak in a statement on Tuesday, said the early voting process involved 4,437 voters. He commended the returning officer, Azurawati...

Police investigating viral video of Malaysian flag being lowered in Australia

KUALA LUMPUR: Police have started investigations into a viral video of the Malaysian flag being taken down and replaced with the flags of Sabah and Sarawak. Inspector-General of Police Tan Sri Razarudin Husain said preliminary investigations under the Sedition Act 1948 and Communications and Multimedia Act 1998 found that the incident happened in Melbourne, Australia on...