CIMB, RHB & MBSB Cease Discussions On Mega Merger

KUALA LUMPUR, Jan 14 – CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) announced Wednesday that they have ceased discussions on the proposed merger and creation of a mega Islamic bank in light of the current economic conditions. “We had thoroughly deliberated the merger, and

Khazanah Records Steady Performance

KUALA LUMPUR, Jan 14 – Khazanah Nasional Bhd has reported a steady performance in 2014, with its net worth adjusted (NWA) up 9.2 per cent to RM110.8 billion as at Dec 31, 2014 compared with RM101.5 billion a year ago. Its managing director, Tan Sri Azman Mokhtar, said since the start of

Facebook Puts Warning Labels On Graphic Videos

SAN FRANCISCO, Jan 14 – Facebook is putting warning labels on graphic videos that members upload and share with friends, the leading social network said Tuesday. The California-based Internet giant will also prevent potentially shocking or upsetting video clips from popping into News Feeds of members whose profiles say they are younger

World Bank Sees Growth Pick-Up For Developing Countries

WASHINGTON, Jan 14 – The World Bank on Tuesday predicted a pick-up in economic growth for developing countries, spurred by falling oil prices and despite a slight slowdown in global engine China. Developing countries’ growth in gross domestic product (GDP) — the broad measure of a country’s output of goods and services

QZ8501: Analysing Black Boxes Need Mental Strength

KUALA LUMPUR, Jan 14 – Despite being an investigator for almost two decades, analysing the Indonesia AirAsia flight QZ8501 will be one of the toughest challenge for Nurcahyo Utomo, who knew the pilot personally. The National Transportation Safety Committee investigator, Nurchayo said his previous experience listening to recording from black boxes

IGP Slams Guan Eng For Questioning Paulsen’s Arrest

KUALA LUMPUR, Jan 14 – The Inspector-General of Police (IGP) has hit out at Penang Chief Minister Lim Guan Eng for questioning last night’s arrest of human rights lawyer Eric Paulsen and claiming that the nation’s top cop was practising double standards. In a response to The Rakyat Post today, Tan Sri Khalid Abu Bakar said the

QZ8501: Flight Data Recorder In Good Condition

KUALA LUMPUR, Jan 14 – Flight data recorder (FCR) retrieved from the Indonesia AirAsia flight QZ8501 which has safely arrived in Jakarta is in good condition. National Transportation Safety Committee (NTSC) Pilot investigator Captain Santoso Sayogo said they are in the midst of cleaning the black box before data from the

Lawyer To Be Remanded Over Jakim Tweet

PETALING JAYA, Jan 13 – A lawyer who was alleged to have said that Jakim promoted extremism through the Friday sermons will be remanded soon to facilitate investigations. Federal CID director Datuk Seri Mohmad Salleh said the case was being investigated under Section 4 (1) of the Sedition Act and handled

BR1M Payment Begins Jan 15

PUTRAJAYA, Jan 13 – Payment of the 1Malaysia People’s Aid (BR1M) for 2015 will begin on Thursday (Jan 15), Deputy Finance Minister Datuk Ahmad Maslan said today. At the same time, he dismissed reports over the social media and smartphone applications that the payment began last Sunday. The social media reports

AirAsia Flight Tragedy QZ8501: CVR Found

JAKARTA, Jan 13 – The Cockpit Voice Recorder (CVR) of Indonesia AirAsia Flight QZ 8501 was recovered this morning and is now on board Indonesian navy vessel KRI Banda Aceh. According to a report by Indonesia’s MetroTV television station, the CVR was found not far from where the Flight Data Recorder

Airbus Exceeds Targets For 2014

KUALA LUMPUR, Jan 13 – Airbus has exceeded its targets for 2014, achieving a new record of 629 aircraft deliveries for 89 customers, its president and chief executive officer, Fabrice Bregier said. He said the production achievement showed that aircraft deliveries last year went up for the 13th year in a

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