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  • Oversupply in higher end strata home property? +

    Kota Kinabalu: Asian Pac Holdings Berhad Group Managing Director Dato' Mustapha Bin Buang opines that there might be an issue of oversupply in higher end strata property here in the state capital with so many condominium projects currently being launched with an average price of RM600 per square foot. "There is a strong possibility of an overbuild position," he said, adding his view is based on the number of higher end units coming up. "Yes, certainly, because when you look at the number of projects coming up." "Yes, even at RM600 per square foot, there are many projects being launched. Read More
  • Grateful Singapore gives Lee Kuan Yew a hero's funeral +

    More than 100,000 people lined Singapore's streets to bid farewell to its founding father Lee Kuan Yew on Sunday, officials said as a week of mourning ended in the city-state he led to prosperity. Torrential rain soaked the crowds as howitzers fired a 21-gun salute to the country's first prime minister and jet fighters screamed across the sky in a grand farewell normally reserved for a head of state. "The light that has guided us all these years has been extinguished," his son, Prime Minister Lee Hsien Loong, told a state funeral attended by 2,200 people including Asia-Pacific leaders at Read More
  • Mustapa: Malaysia needs stronger aerospace players +

    LANGKAWI: Malaysia needs to strengthen the capabilities of its aerospace players to support the growth of the industry, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said. He said as Malaysia aspires to become number one aerospace nation in Southeast Asia and an integral part of the global market by 2030, there should be a strong will and commitment on the part of local companies to expand their capacities and capabilities. “The aerospace industry is targeted to be one of Malaysia’s main engines of growth in the next decade as indicated in the (Malaysia Aerospace Industry) Blueprint 2030,” he Read More
  • Asean to form economic community this year +

    KUCHING: Malaysia, which chairs the Association of Southeast Asian Nations (Asean) this year, will work to realise the formation of the Asean Economic Community (AEC) by Dec 31. Deputy Prime Minister Tan Sri Muhyiddin Yassin said as chair, Malaysia holds a great responsibility to ensure all commitments agreed to form the AEC are appropriately executed. “It is the aspiration of AEC to make this region as one market and a single production base that commercial activities and investments can be undertaken much easier and smoother with a view to reduce the costs of doing business in Asean. “This includes attracting Read More
  • Visa fee waiver till year end for Chinese tourists visiting Malaysia +

    Chinese nationals heading to Malaysia will be exempted from paying the visa fee from February 15 to December 31 this year, said the Home Ministry. It said in a statement today that the waiver would be implemented at all Malaysian embassies abroad which issued visas to Chinese nationals. "The duration of stay allowed is 30 days and cannot be extended and the conditions for the visa application remain," it said. Prime Minister Datuk Seri Najib Razak announced last month on the giving of free visa to tourists from certain countries, including China, to promote MyFest2015. For visa applications made through Read More
  • PNB Announces RM1.01 Billion Income Distributions For Amanah Saham Unit Holders +

    KUALA LUMPUR, -- Permodalan Nasional Bhd (PNB) today announced an income distribution of RM1.01 billion for Amanah Saham Malaysia (ASM) for financial year ending March 31, 2015, an increase of 6.8 per cent from RM945.24 million last year. The payment will benefit 537,975 unit holders who currently held 15.29 billion units and each of them will get 6.60 sen for an unit of ASM. "Until March 22, 2015, ASM has recorded a gross income of RM1.24 billion, while profit from the sale of shares contributed RM599.5 million, or 48.5 per cent, towards the gross income," PNB chairman, Tun Ahmad Sarji Abdul Read More
  • Newly built police beat at Imago KK Times Square +

    KOTA KINABALU: The Royal Malaysian Police (RMP) has set the stage for a long-term commitment to the community with a police beat at Imago KK Times Square. City police chief, ACP M Chandra said that with the existence of the police beat, security and safety can be more effectively achieved hand-in-hand with the public. “Our mission is to provide professional and quality services in protecting the country and to ensure public safety, security and prosperity. “To be able to discharge our duties effectively, we must work hand-in-hand with the community to curb and subdue crime in whatever way possible,” Chandra Read More
  • ASEAN SMEs Urged To Grab Opportunities To Broaden Network +

    KUALA LUMPUR, -- Small and medium enterprises (SMEs) in ASEAN member states have been urged to look at all possible opportunities in the region in order to broaden their network and significantly contribute to the growth of the region as a whole. In making the call, SME Corp Malaysia Chairman Tan Sri Ir (Dr) Mohamed Al-Amin Abdul Majid said SMEs play a pivotal role as the engine of growth in all economies of ASEAN. He said SMEs should be fully prepared ahead of the formation of the ASEAN Economic Community (AEC), which aims to increase the international competitiveness of the 10 Read More
  • Johor Sultan's Coronation Ceremony Laden With Historical Values - Najib +

    JOHOR BAHARU, -- The coronation of the Sultan of Johor, Sultan Ibrahim Almarhum Sultan Iskandar, is a ceremony filled with historical values, said Prime Minister Datuk Seri Najib Tun Razak. He said by holding such a ceremony, it provided an opportunity for the young generation to know the historical values associated with the Johor Sultanate. "For all of us, especially the new generation, they get a chance to watch the tradition and history of the Johor Sultanate, which certainly, has become the pride of the people, especially the people of Johor," he told reporters after the ceremony today. With the completion Read More
  • Sultan Ibrahim Crowned Fifth Sultan Of Modern Johor +

    JOHOR BAHARU, -- Sultan Ibrahim Almarhum Sultan Iskandar was today crowned as the fifth sultan of modern Johor with pomp and pageantry at the Istana Besar here. Raja Zarith Sofiah Almarhum Sultan Idris Shah was also crowned, at the same ceremony, as the Permaisuri of Johor, a title used for the first time in the state. The ceremony, which was aired live over RTM and TV3 and beamed to a large screen at Dataran Bandaraya, was witnessed by thousands of people in Johor and the rest of the country. The ceremony was also witnessed by Sultan Ibrahim's mother, Enche' Besar Hajah Read More
  • Gov to implement Kaiduan Dam project within three years +

    KOTA KINABALU: The government aims to implement the proposed Kaiduan Dam project in Penampang within these three years to ensure sufficient water supply in Kota Kinabalu and its vicinity until 2050. Deputy Chief Minister Tan Sri Joseph Pairin Kitingan said the project was necessary in order to create a buffer for the Babagon Dam which at present has a capacity that is barely enough to meet the increasing demand from consumers. Pairin who is also the Minister of Infrastructure Development said before the proposed plans proceed, the State Water Department and District Office will hold a dialogue with the people Read More
  • Najib Pays Tribute To Late Lee Kuan Yew +

    KUALA LUMPUR, March 23 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak paid tribute to Lee Kuan Yew, Singapore's founding prime minister who died today, hailing the late leader's determination in developing the republic from a new nation to a modern and dynamic city. In a statement released by the Prime Minister's Office, Najib said he was saddened to hear the news of Kuan Yew's demise. Kuan Yew, the father of Singapore Prime Minister Hsien Loong, died at 3.18 am Monday at the Singapore General Hospital where he had been admitted on Feb 5 for severe pneumonia. He was 91. Read More
  • Singapore's founding father Lee Kuan Yew dies at 91 +

    Lee Kuan Yew, the statesman who transformed Singapore from a small port city into a wealthy global hub, has died at the age of 91. The city-state's prime minister for 31 years, he was widely respected as the architect of Singapore's prosperity. But he was criticised for his iron grip on power. Under him freedom of speech was tightly restricted and political opponents were targeted by the courts. A state funeral will be held on 29 March, after a week of mourning. In an emotional televised address, his son Prime Minister Lee Hsien Loong paid tribute to him. "He fought Read More
  • GST: Firms must register by Feb 28 +

    KUALA LUMPUR,) -- No legal action will be taken against companies if they were to register for the Goods and Services Tax (GST) by Feb 28, 2015, Royal Malaysian Customs Department director-general Datuk Seri Khazali Ahmad said. He said however, action would be taken against those who failed to do so and a crackdown would be launched against errant traders from March 1. "In accordance with the provisions in the GST Act 2014, companies that failed to register for the tax regime by Feb 28 will be forcibly registered and legal action will be taken against them. "Hence, we urge traders Read More

    KOTA KINABALU: The state government has performed excellently in terms of implementation of development programmes and financial management in 2014. Chief Minister Datuk Seri Musa Haji Aman said the success is as a result of cooperation between state leaders, civil servants and the people. “Without cooperation, collaboration and coordination, it may not have been possible to achieve success. At the same time, we must admit that the integrity of every individual is the key to success. “Nevertheless, I have often stressed that we cannot be satisfied with what we have thus far achieved. There is still room for better performance,” Read More
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