Economist: Malaysia On Right Track With GST

SINGAPORE, Jan 17 – Despite facing criticism from various quarters, the Malaysian government’s decision to implement the Goods and Services Tax (GST) will benefit the nation as it gears towards becoming a developed nation, says Dr Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors. “I think it is

Genting Unit Completes US$24m Purchase Of Nanomr Inc

KUALA LUMPUR, Jan 17 – Genting Bhd today announced that DNA Electronics Limited (DNAe), its indirect 82.1 per cent-owned subsidiary, has completed the acquisition of the entire issued share capital of NanoMR, Inc (NanoMR) for a total cash consideration of about US$24.0 million (US$1= RM3.57). In a filing to Bursa

Anwar’s Ex-aide Applies To Amend Statement Of Claim

KUALA LUMPUR, Jan 16 – Datuk Seri Anwar Ibrahim’s former personal aide, Mohd Saiful Bukhari Azlan filed an application on Friday to amend the statement of claim in his RM50 million suit against his ex boss. The plaintiff’s counsel Zamri Idrus told reporters that Saiful wanted to add more details regarding Anwar’s

AirAsia QZ8501: Another Body Identified

KUALA LUMPUR, Jan 15 – Indonesia’s Disaster Victim Identification Police Department (DVI POLRI) team has identified the remains of one more victim of crashed Indonesia AirAsia Flight QZ8501 as Cindy Clarissa Soetjipto. AirAsia stated in its updated statement, here, tonight that AirAsia Indonesia officially handed over the passenger’s remains to her

Sony, Target Closing Canada Stores

TORONTO, Jan 16 – Sony Corp says it is closing all 14 of its retail stores in Canada as it refocuses its business. The Japanese electronics company yesterday said the closures will result in 90 layoffs. Spokesman Ved Khan says the stores will be closed over the next six to eight weeks.

‎MOE Forms Disaster Management Research Centre

PUTRAJAYA, Jan 16 – The Education Ministry has established a National Research Excellence Centre and it would focus on disaster management in the country. Its minister Tan Sri Muhyiddin Yassin, who is also the Deputy Prime Minister, said a special research fund for disaster management and flood mitigation projects worth RM20

Ringgit Lower Against US Dollar

KUALA LUMPUR, Jan 16 –  The ringgit opened marginally lower against the greenback this morning due to lack of buying support, a dealer said. At 9.00 am, the ringgit was quoted at 3.5740/5770 against 3.5590/5620 at 5.00 pm on Thursday. The ringgit pulled up yesterday from a near six-year low earlier

Ponggal Celebrated At MIC HQ

KUALA LUMPUR, Jan 16 – About 500 people attended the MIC’s Ponggal celebration this year. The first of the three-day celebration, namely Vettu Ponggal, was held at the headquarters on Jalan Rahmat as a way to seek blessing for the party’s ‘home’. Vettu Ponggal is often held at home and with the

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