LONDON: Malaysian restaurant brand JOM Makan in the United Kingdom has opened its second outlet in over a year at Europe's largest shopping centre in Westfield London.</p></div>

<div class=newsTextDataWrapInner><p>In a statement, JOM Makan said the 3,100 sq feet outlet, with an investment of £750,000 (RM4.19 million), offered a total seating capacity for 120 patrons and was expected to contribute a turnover of £800,000 in its first year.</p></div>

<div class=newsTextDataWrapInner><p>It projected turnover to reach in excess of £1.2 million in its second year of operations. JOM Makan is a Malaysian franchise based in London initiated under the Malaysia Kitchen Project.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>JOM Makan Westfield London replicates the concept of the first flagship outlet at Pall Mall, London with an open kitchen and casual dinning experience emphasising on fast and fresh food, and complying with the highest standards of cleanliness, health and hygiene.</p></div>

<div class=newsTextDataWrapInner><p>The opening of the second outlet brings JOM Makan's total investment in the United Kingdom to about £1.9 million. Both outlets have a 25-year lease.</p></div>

<div class=newsTextDataWrapInner><p>"We are looking to open a total of five outlets in the United Kingdom by 2012 and are also exploring opportunities to take the concept to the United States," said JOM Makan managing director Mohd Zuhri Abdullah.

LONDON: Malaysian restaurant brand JOM Makan in the United Kingdom has opened its second outlet in over a year at Europe's largest shopping centre in Westfield London.

In a statement, JOM Makan said the 3,100 sq feet outlet, with an investment of £750,000 (RM4.19 million), offered a total seating capacity for 120 patrons and was expected to contribute a turnover of £800,000 in its first year.

It projected turnover to reach in excess of £1.2 million in its second year of operations. JOM Makan is a Malaysian franchise based in London initiated under the Malaysia Kitchen Project.

JOM Makan Westfield London replicates the concept of the first flagship outlet at Pall Mall, London with an open kitchen and casual dinning experience emphasising on fast and fresh food, and complying with the highest standards of cleanliness, health and hygiene.

The opening of the second outlet brings JOM Makan's total investment in the United Kingdom to about £1.9 million. Both outlets have a 25-year lease.

"We are looking to open a total of five outlets in the United Kingdom by 2012 and are also exploring opportunities to take the concept to the United States," said JOM Makan managing director Mohd Zuhri Abdullah.

JOM Makan opens 2nd outlet in London

KUALA LUMPUR (May 10):  theedgemalaysia.com highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.  

The stocks with positive momentum were:

    Kuchai Development Bhd [KL: ...

Kuchai, VSTECS, AHB, Mclean, Kluang, Prtasco, Skywld, Kobay

KUALA LUMPUR (May 10): Datin Seri Rosmah Mansor faces another legal action, this time revolving around from 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd and subsidiaries over luxury goods that were obtained through misappropriated funds.

1MDB, SRC file fresh civil suit against Rosmah over US$350 mil luxury goods

Preparations for Saturday's polling day for the Kuala Kubu Baharu (KKB) by-election are running smoothly, said Election Commission (EC) secretary Datuk Ikmalrudin Ishak.

KKB by-election: Polling day preparations running smoothly, says EC

SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.

Singapore’s OCBC makes privatisation bid for Great Eastern with S$25.60 offer price

Malaysia’s unemployment rate remained steady in March as the number of people without jobs fell while the workforce expanded, official data on Friday showed.

Malaysia's jobless rate stays steady in March, official data shows

The proposal by American marine robotics company Ocean Infinity to resume the search for Malaysia Airlines flight MH370, which vanished en route to Beijing 10 years ago, will be presented to the Cabinet in August.

Loke: Ocean Infinity's proposal to resume MH370 search to be presented to Cabinet in August

Directors’ duties with respect to financial statements

In 2011, in the case of Australian Securities and Investments Commission v Healy & Ors, the Federal Court of Australia delivered an important ruling and laid down important principles of law on the standard of care for th...

My Say: Court rulings on chairperson’s and directors’ duties raise cautions for holders of these posts

CelcomDigi Bhd has completed 44% of its nationwide network integration and modernisation (NIM) programme as it modernised over 7,200 sites as at end-April, leading to improved download speeds of 20% to 26% and better signal strength of 13% to 16% in post-consolidation areas.

CelcomDigi completes 44% in nationwide network modernisation programme

Malaysia’s industrial output rose at a faster-than-expected pace in March from a year earlier with the manufacturing sector leading broad gains, the Department of Statistics Malaysia (DOSM) said on Friday.

Malaysia's industrial output grows faster-than-expected in March, official data shows

Entities are expected to submit a declaration of compliance to the Securities Commission on the Guidelines on Technology Risk Management (GTRM) by the first quarter of 2025, as part of the regulator's commitment to promote cyber hygiene practices.

Entities to submit compliance declaration on SC's Technology Risk Management Guidelines by 1Q 2025

<p>Hong Leong Investment Bank (HLIB) Research has a “trading buy” rating on Genting Bhd (KL:GENTING) at RM4.52 with a target price of RM7.12 and said it continues to like Genting for its well-established operational presence across diverse regions, mitigating regulatory and country risks.</p>


HLIB says Genting is undervalued, target price RM7.12

<p>Shares of MCE Holdings Bhd (KL:MCEHLDG) rose to their highest in at least two decades after the automotive parts manufacturer said Brahmal Vasudevan of private equity firm Creador is its newest substantial shareholder.</p>


MCE Holdings surges to highest in at least two decades

<p>With signs of a simmering settlement with the government in one of the longest-standing civil land disputes in history dissipating, the Court of Appeal (COA) has fixed Sept 19 to hear the appeal by Semantan Estate (1952) Sdn Bhd in its seven-decade dispute over 263.272 acres of land along Jalan Duta that is currently occupied by public properties.</p>


No settlement in sight, Semantan Estate’s appeal to resume in Sept

<p>TA Securities has valued ACE Market-bound Smart Asia Chemical Bhd (SAC) at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 54 sen.</p>


TA Securities values ACE Market-bound Smart Asia Chemical at 54 sen 

<p>CIMB Securities Sdn Bhd, a unit of CIMB Group Holdings Bhd (KL:CIMB), said on Friday it is targeting “high” single-digit growth in market share by year end.</p>


CIMB Securities eyes single-digit growth in market share by year end

<p>The Dow Jones Industrial Average closed higher on Thursday, the seventh straight daily advance for the benchmark, as all three major US indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts.</p>


Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes

<p>Shares of Globetronics Technology Bhd [KL:GTRONIC] surged on Friday as analysts project a promising outlook for the group's earnings in the second half of the financial year 2024 (2HFY2024), despite first quarter performance below consensus expectations.&nbsp;</p>


Globetronics surges to one-month high as analysts project strong outlook for 2HFY2024

<p>Phillip Capital has maintained its “buy” rating on Pentamaster Corp Bhd (KL:PENTA) at RM4.44 with a higher target price of RM6.23 (from RM5.65) and said Pentamaster’s first quarter of 2024 (1Q2024) core net profit of RM24 million was in line with its and consensus forecasts.</p>


Phillip Capital raises target price for Pentamaster to RM6.23 

<p>World stocks rallied on Thursday, led by surging European shares and a larger-than-expected rise in US weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week.</p>


Asia stocks rally on renewed global rate cut optimism

<p>Inter-Pacific Research Sdn Bhd said that after a two-day consolidation, the key FBM KLCI index could mount a rebound to end the week on a firmer note.</p>


KLCI seen hovering between 1,600 and 1,610 on Friday

<p>Apple Inc issued a rare apology for an advertisement touting its latest iPad Pro that upset many creatives and other customers. The company also said it won’t air the ad on television as planned.</p>


Apple apologises for iPad Pro ad, scraps plan to air it on TV

<p>Malaysia’s industrial output rose at a faster-than-expected pace in March from a year earlier with the manufacturing sector leading broad gains, the Department of Statistics Malaysia (DOSM) said on Friday.</p>


<p>Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and forecast its net interest margin at the higher end of a 2.20% to 2.25% range for the full year.</p>


Singapore's OCBC posts record 1Q profit, lifts margin guidance for 2024

<p>MIDF Amanah Investment Bank started coverage of Allianz Malaysia Bhd (KL:ALLIANZ) with an above-consensus target price of RM23.37, citing stronger-than-average insurance growth and solid dividend yields.</p>


MIDF starts coverage of Allianz Malaysia with above-consensus target price

<p>SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.</p>


<p>US President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.</p>


Biden poised to impose tariffs on China EVs, strategic sectors, Bloomberg reports

<p>Aggressive tariff rises under a possible second Donald Trump presidency would likely result in a reduction in US and global output in comparison to an illustrative baseline scenario with no further increases, according to Fitch Ratings.</p>


US-led tariff hikes under renewed trade war would reduce US and world output, says Fitch

<p>KUALA LUMPUR (May 10): Datin Seri Rosmah Mansor faces another legal action, this time revolving around from 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd and subsidiaries over luxury goods that were obtained through misappropriated funds.</p>


<p>Entities are expected to submit a declaration of compliance to the Securities Commission on the Guidelines on Technology Risk Management (GTRM) by the first quarter of 2025, as part of the regulator's commitment to promote cyber hygiene practices.</p>


<p>A Hong Kong court has ruled in favour of creditors in cases involving a controversial credit protection mechanism popular among China’s borrowers.</p>
