Moderate Earthquake Hits Southern Sumatra, Indonesia

KUALA LUMPUR, Jan 21 – A moderate earthquake measuring 5.0 on the Richter scale hit southern Sumatra, Indonesia at 10.34 pm today. The Malaysian Meteorological Department in a statement said the quake epicentre was at 179 km southeast of Bengkulu, Indonesia and 775 km southwest of Pontian, Johor. The quake did not pose

Maybank IB Issues 8 New Call Warrants

KUALA LUMPUR, Jan 21 – Maybank Investment Bank Bhd (Maybank IB) is issuing eight new European style cash settled call warrants over ordinary shares, with an issue size of 100 million each. In a statement here Wednesday, Maybank IB said the structured warrants, which will be listed today, were issued

Visa Fee Waiver A Boost To Tourism, Says RHB Research

KUALA LUMPUR, Jan 21 – RHB Research Institute says it believes the visa fee waiver for tourists, including from China, announced by Prime Minister Datuk Seri Najib Tun Razak yesterday would boost tourist arrivals. The research house said visa appplicants could potentially save an average of RM50 per application. “As of

Facebook Acting Against Fakes

SAN FRANCISCO, Jan 21 – Facebook has a new fix for fibs. The Menlo Park, California-based social media company yesterday said it has updated its service to reduce the number of hoaxes that appear in users’ news feeds. Facebook said it would step up efforts to limit circulation of bogus “news stories” in

MRT Corp To Continue With MRT Line 2

KUALA LUMPUR, Jan 21 – Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has announced its effort to continue develop the MRT Line 2, this year. This has emerged following the government’s decision to review Budget 2015 due to the latest global economic climate as well as maintain MRT Corp development expenditures

School Bus Fares Should Go Down

KUALA LUMPUR, Jan 21 – The Domestic Trade, Co-operatives and Consumerism Ministry (KPDNKK) has urged transport operators especially school bus operators to lower the fares in line with the drop in petrol and diesel retail prices. KPDNKK enforcement director Mohd Roslan Mahayudin said this was because the bus operators were among those

Ringgit Down After Budget Revision

KUALA LUMPUR, Jan 21 – The ringgit extended its losses against the US dollar on selling pressure amid concerns over the country’s economic growth, dealers said. At 9 am, the ringgit was quoted at 3.6220/6250 against 3.6060/6730 at 5pm yesterday. A dealer said the market was reacting to the adjustments in economic targets

31% Pay Hike For China’s Civil Service

BEIJING, Jan 21 – China has raised the wages of government workers by at least 31%, according to a document seen by Reuters today, as part of efforts to combat corruption and lift the spending power of millions as the country seeks to increase consumption. The basic salaries of some civil

Indian Court Tells Govt To Unlock Greenpeace Cash

NEW DELHI, Jan 21 – A court here today ordered the government to unblock thousands of dollars of Greenpeace India’s funds after they were frozen following accusations that foreign-funded campaign groups were hurting India’s economy. Prime Minister Narendra Modi’s government tightened controls on foreign fund transfers to Greenpeace India in June following

QZ8501: Climbed At Speed ‘Beyond Normal’

JAKARTA, Jan 21 – The Indonesia AirAsia plane that crashed into the Java Sea last month with 162 people on board had climbed at a speed that was higher than normal and then stalled, Indonesia’s transport minister said Tuesday. “In the final minutes, the plane climbed at a speed which was

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