KUALA LUMPUR (Oct 19): CIMB IB Research has maintained its “Underweight” rating on the construction sector and said it sees muted impact on the overall sector, with no upside surprises in new contracts.

Following the 11th Malaysia Plan mid-term review (11MPMTR), the research house in a ...

11MP mid-term review: Muted impact on construction sector, says CIMB Research

KUALA LUMPUR (Oct 19): RHB Research Institute Sdn Bhd said it views the new targets set by the government as being more realistic, especially in the current challenging external environment and fiscal transition.

In an economic update today, the research house said the government’s gros...

11MP mid-term review: New targets set by government more realistic, says RHB Research

KUALA LUMPUR (Oct 18): Malaysia is set to limit the term for the Prime Minister, chief minister and menteri besar to two terms in a bid to curb possible power abuse and corruption, according to the Mid-term Review of the 11th Malaysia Plan 2016-2020 report.

“The excessive concentration ...

Two-term limit for PM and state chiefs in the works

KUALA LUMPUR (Oct 18): A national policy framework on the fourth Industrial Revolution (4IR) will be formulated to promote innovation, creativity and competitiveness in embracing the intensification of the digital revolution.

In the mid-term review on the 11th Malaysia Plan, the governm...

Malaysia to introduce the National Industry 4.0 Policy Framework

KUALA LUMPUR (Oct 18): Steps will be taken by the government to uphold integrity and accountability, and to ensure check and balance in the public institutions.

These include the introduction of Parliamentary Services Act 1963, which was repealed in 1992, as underlined in the Mid-t...

Parliament, commissions to be strengthened for greater check and balance

KUALA LUMPUR (Oct 18): Newly-elected Port Dickson MP and Parti Keadilan Rakyat president-elect Datuk Seri Anwar Ibrahim said the presentation of the Mid-term Review of the 11th Malaysia Plan reflects the new Government's commitment towards keeping its promises of reforms to the people.

...

Anwar: 11MP mid-term review reflects Pakatan's commitment to undertake promised reforms

KUALA LUMPUR (Oct 18): Transport Minister Anthony Loke said the mid-term review of the 11th Malaysia Plan (11MP) came timely to align the country back on track to achieve the goals of Vision 2020.

Loke told reporters this after Prime Minister Tun Dr Mahathir Mohamd presented the mid-ter...

Mid-term review will help put nation on track to achieve Vision 2020 goals, says Loke

KUALA LUMPUR (Oct 18): The Government may intensify initiatives pertaining to reforming public sector institutions “to rightsize the public service and augment talent management”, according to the Mid-term Review of the 11th Malaysia Plan 2016-2020 report.

The Government, said the revie...

Govt wants to 'rightsize' public service

KUALA LUMPUR (Oct 18): The Malaysian Government wants to intensify and expand e-payment platforms with an emphasis on Government transactions “for good governance and reducing corruption”.

“A cashless payment transaction system would ensure transparency, as well as enable tracing and tr...

Govt to expand e-payment system, says it allows tracing

KUALA LUMPUR (Oct 18): MCA’s sole Parliamentarian Datuk Seri Wee Ka Siong claims the mid-term review of the 11th Malaysia Plan (11MP) is largely a “rebranding exercise”.

Speaking to reporters after the review was presented in Parliament today, Wee said there wasn’t any major change to t...

11MP mid-term review a rebranding exercise, says MCA

KUALA LUMPUR (Oct 18): Stressing the importance of reforms to Malaysia's asset declaration system, the government said it will develop an effective system to ensure better asset declaration and detect abuse among politicians.

The Code of Ethics for the declaration of assets and gifts am...

Reform asset declaration system to restore public confidence

KUALA LUMPUR (Oct 18): Former prime minister Datuk Seri Najib Razak said the 11th Malaysia Plan Mid-term Review presented by his successor Tun Dr Mahathir Mohamad today, is largely premised upon achievements of the previous Barisan Nasional (BN) government. 

Speaking to reporters a...

Mid-term review premises on BN administration's achievement, Najib says

Below are the highlights of the Mid-Term Review of the 11th Malaysia Plan (2016-2020) Report, which is being tabled in Parliament today:

ECONOMIC

Fiscal and governance reforms will affect economic growth but manageable 
The ne...

Highlights of the Mid-Term Review of the 11th Malaysia Plan 

KUALA LUMPUR (Oct 18): Prime Minister Tun Dr Mahathir Mohamad said that in order to limit the premiership tenure to two terms, some amendments will have to be done to the federal constitution.

"It will involve the constitution, so we have a number of things that involves (amending) the ...

Limiting PM's tenure will require constitutional amendments — Dr M

Russia and Ukraine exchanged fire on energy facilities overnight, with an oil refinery damaged in Russia’s Krasnodar region, while Ukraine sustained a missile barrage on gas infrastructure and other targets.

Russia, Ukraine exchange strikes on refinery and gas targets

Deutsche Bank AG is putting aside as much as €1.3 billion (US$1.4 billion or RM6.6 billion) in legal provisions, warning this will hit profits.

The bank will book the potential payment in the current quarter, it said in a statement late on Friday. That will impact “second quarter and full-year profitability”, it said, while adding that the ultimate amount of the provisions is not clear yet.

Deutsche Bank earmarks US$1.4b provision in hit to profit

Genting Malaysia Bhd has dismissed reports linking the group and its deputy chairman and chief executive Tan Sri Lim Kok Thai to supposed discussions relating to the opening of a second casino for Malaysia in Forest City, Johor, to revive the US$100 billion (RM477.60 billion) development.

Genting Malaysia denies involvement in talks for Forest City casino

The Territorial Sea Act 2012 (Act 750) remains valid and applicable throughout Malaysia, including in Terengganu, unless declared otherwise by the court, says the Prime Minister’s Office, despite the Terengganu State Legislative Assembly's decision to reject its use.

Territorial Sea Act 2012 still valid, including in Terengganu, says PMO

The Malaysian government is serious about resolving issues surrounding the palm oil industry in the country, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

Govt serious about resolving palm oil industry issues, says Johari Ghani

Three new semiconductor companies are keen to invest in Penang with total investments of US$100 million (RM477 million), said Chief Minister Chow Kon Yeow.

Three semiconductor firms keen to invest US$100m in Penang

Tan Sri Mokhzani Mahathir and his brother Mirzan Mahathir, who have been asked to declare their assets by the Malaysian Anti-Corruption Commission (MACC), have both denied being investigated by the agency.

Mahathir's sons, Mirzan and Mokhzani, deny being under MACC probe

Defence Minister Datuk Seri Mohamed Khaled Nordin said the government had no plans to temporarily suspend the service of Fennec and HOM helicopters.

Govt not suspending service of Fennec and HOM helicopters, says minister

It will be a four-way fight in the upcoming Kuala Kubu Bahru by-election between Pakatan Harapan’s pick Pang Sock Tao, Hulu Selangor Bersatu action division head Khairul Azhari, Parti Rakyat Malaysia’s Hafizah Zainudin and independent Nyau Ke Xin.

NEWS: Four-cornered fight in KKB by-election

Parti Rakyar Malaysia’s Hafizah Zainudin says that if elected, PRM will stand on a platform of increased transparency in government.

NEWS: Parti Rakyat Malaysia will run on more transparency

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

Kuala Lumpur Kepong Bhd (KLK) is investigating allegations of unethical recruitment practices made against the sub-agents of SOS Manpower Service, its appointed agent to recruit Nepalese foreign workers for its subsidiary&nbsp;KL-Kepong Rubber Products Sdn Bhd.

The allegations, according to KLK, were made by Sajha Sabal Media, a news portal in Nepal.

KLK investigating allegations of unethical practice linked to its foreign worker recruitment agent

The Kuala Kubu Baharu (KKB) state by-election will see a four-cornered fight between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

A four-way bout in Kuala Kubu Baharu by-election

Former prime minister Datuk Seri Najib Razak was never confronted by the Malaysian Anti-Corruption Commission (MACC) on whether Blackstone Asia Real Estate Partners — which received millions from 1Malaysia Development Bhd (1MDB) and transferred it to his private banking account — was controlled or owned by fugitive Eric Tan Kim Loong, an alleged associate of Low Taek Jho or Jho Low.

Court told MACC never asked Najib if he knew who owned shell company that transferred US$30 mil to his account

Three new semiconductor companies are keen to invest in Penang with&nbsp;total investments of US$100 million (RM477&nbsp;million), said Chief Minister Chow Kon Yeow.

Bank of Singapore Ltd, the private-banking arm of Oversea-Chinese Banking Corp (OCBC), has fired up to 40 employees over the misuse of medical benefits, according to a CNA report.

Singapore bank fires workers over misuse of medical claims — CNA

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

The Malaysian Palm Oil Association (MPOA) said&nbsp;there is an urgent need to accelerate replanting to address the issue of ageing oil palm trees, and urges the government to provide replanting tax incentives to support such efforts.

Ageing oil palm trees: MPOA calls for govt incentives to speed up replanting

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Genting Malaysia Bhd has dismissed reports linking the group and its deputy chairman and chief executive Tan Sri Lim Kok Thai to supposed discussions relating to the opening of a second casino for Malaysia in Forest City, Johor, to revive the US$100 billion (RM477.60 billion) development.

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Tan Sri Mokhzani Mahathir and his brother Mirzan Mahathir, who have been asked to declare their assets by the Malaysian Anti-Corruption Commission (MACC), have both denied being investigated by the agency.

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

The Kuala Kubu Baharu (KKB) state by-election&nbsp;is the time for Barisan Nasional (BN) to return Pakatan Harapan’s (PH) favour in assisting Umno candidates in the previous elections, said&nbsp;Datuk Seri Dr Ahmad Zahid Hamidi.

Time for BN to return PH's favour in Kuala Kubu Baharu by-election, says Zahid

The Territorial Sea Act 2012 (Act 750) remains valid and applicable throughout Malaysia, including in Terengganu, unless declared otherwise by the court, says the Prime Minister’s Office,&nbsp;despite the Terengganu State Legislative Assembly's decision to reject its use.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Mid-term Review Of 11th Malaysia Plan

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Mid-term Review Of 11th Malaysia Plan

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