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Last Updated: 6:14pm, Jun 18, 2014

KUALA LUMPUR (June 18): Time's up for Lynas, said Himpunan Hijau chairman Wong Tack, announcing that a civil movement this Sunday plans to shut down the controversial rare earth plant for good.

"We have given Lynas six months to shut down and get out of Malaysia. This time the people will not compromise anymore," he said.

The organisation is expected to be joined by representatives from opposition parties, civil society and other environmental NGOs.

Wong Tack calls for Malaysians to gather outside the gates of the Lynas plant at Gebeng, Kuantan and block the plant's access roads, in the hope that logistical blockage will stall the daily operations.

more to come


For more stories, go to www.fz.com, the website for freedom of expression and fairness in articulation.

Himpunan Hijau: Shut down Lynas on June 22

KUALA LUMPUR (June 18): YTL Power International Bhd said it is withdrawing from participating in the RM3 billion power plant project in Johor (Project 4A) to “dispel any misgivings over the government’s commitment to transparency and good governance”.

In a media statement, the company said: “In view of the misconception over the project, YTL Power has decided not to participate in the project under the present arrangement.”

The statement was issued after mounting criticism on the way the contract was awarded by the Energy Commission (EC) to a consortium, in which YTL Power is a member, through direct negotiation instead of competitive bidding.

Recently, YTL Corp Bhd Managing Director Tan Sri Francis Yeoh came under fire after he said Malaysia needed to do away with “crony capitalism”, although he was widely seen as a crony of former Prime Minister Tun Dr Mahathir Mohamad.


more to come...

#Update* YTL Power backs out of RM3b power project “to dispel misgivings”

Last Updated: 6:06pm, Jun 11, 2014

GEORGE TOWN (June 11): Penang's state executive councillor for Islamic Affairs, Datuk Abdul Malik Abul Kassim, today apologises for the "insensitive" manner in which the state Islamic authorities took away the body of alleged Muslim convert Teoh Cheng Cheng recently.

"As the executive councillor and on behalf of the Penang Islamic Affairs Department, I apologise to the family of the deceased, on the incident that occurred on June 9," he said after having offered condolences to the family following a state executive council meeting today.

He admitted the action of the JAIPP officer who led the operation lacked sensitivity towards the cultural practice, religion and feelings of Teoh's 64-year-old mother Tan Mah Suan and the rest of the family in their moment of grief.

Teoh, 38, had died in her apartment at the McCallum Street Ghaut area on June 7.

He said the officer should have taken into account the family's feelings and gotten the views of relevant parties suchg as the department's director, its enforcement division, the state Mufti and the district religious officer before taking action.

"This is the considerate practice observed by JAIPP while handling such cases before this," he said, reading from a prepared statement.

Malik also expressed regret that as the executive councillor, he only found out about the incident from reporters about 5pm,  after it had occurred earlier in the afternoon. Malik was then in a meeting in Kuala Lumpur.

"Even more regretful is that the relevant JAIPP officers whom I contacted did not know about the case clearly," he added.

"I promise and will ensure that such an incident does not happen again."

He added that the officer when queried about the matter said he was pressured by time and the police had insisted that he act on the matter immediately.

The department had received a call from an unidentified person about Teoh's supposed Muslim status at about 12.30pm.

"Pressure of time is not an excuse for not consulting his peers, seniors and for not consulting me," Malik said when asked to elaborate the matter.

He explained that the officer in charge of conversions had then looked up Teoh's name and found the document relating to her conversion. This document was later shown to her family, in the presence of the police, who then allowed her body to be taken away, thereby stopping the funeral.

Malik said in previous cases, the department had always exercise tact, sensitivity and professionalism when dealing with the family to reach an acceptable conclusion.

"The officer explained to me and apologised... But his good intention was spoiled by his action," Malik said, adding that the state is ready to extend compassionate aid to the family.

The state executive council had earlier in its meeting expressed sadness and disappointment over the way the matter was handled.

Chief Minister Lim Guan Eng, who was present, said it has embarrassed the state government and brought negative impact on a multi-racial society in which people have mutual respect for each other.

He added that the family has the right to seek compensation according to the law.

"We must respect the decision of the court," he said.

Meanwhile, Teoh's family is expected to arrive at the Penang High Court later this afternoon to file for a legal case against JAIPP.

more to come

 

For more stories, go to www.fz.com, the website for freedom of expression and fairness in articulation.

#Update* Exco apologises to Cheng Cheng's family over 'insentitive' JAIPP action

Last Updated: 3:38pm, Jun 11, 2014

KUALA LUMPUR (June 11): Inspector-General of Police Tan Sri Khalid Abu Bakar's suggestion to keep children caught in custody battle following conversion of their parents at child care centres was "wrong and unacceptable", according to Ipoh Barat MP, M Kulasegaran.

He said as an enforcer of law, IGP should not overstep his boundaries in superceding the decisions made by the judiciary.

Kulasegaran is one of the lawyers for kindergarten teacher M Indira Gandhi currently embroiled in a custody battle with her estranged husband, Muslim convert Mohd Ridzuan Abdullah.

"The IGP is a law enforcer within the meaning of law. He cannot and should not question the Court's process," said Kulasegaran.

Yesterday, the IGP said that he will not enforce the respective court rulings but rather to ensure fairness, the children in the custody battles will be placed in child care centres so both parents could visit them.

IGP said following the differing judgements meted out by the Syariah and the civil courts on child custody in the case where one parent had converted to Islam.

Kulasegaran went on that IGP should seek Attorney-General's advise on how to move forward as it was not his place to make the call over the legal battle.

"If he is unsure of what to do, he should get legal advice from the AG. For the IGP to suggest that the children to be kept in welfare home will not only be laughable, it is also beyond the duties and obligation of a law officer," he told reporters here today.


More to come

 

For more stories, go to www.fz.com, the website for freedom of expression and fairness in articulation.

Kula: IGP not acting like law enforcer in custody battle case

Last Updated: 2:46pm, May 21, 2014

GEORGE TOWN (May 21): About a dozen people gatecrashed into the Penang state assembly today demanding explanation from RSN Rayer (DAP-Seri Delima) who yesterday riled up the opposition Barisan Nasional backbenchers by calling 'Umno celaka' (Damn Umno).


more to come


For more stories, go to www.fz.com, the website for freedom of expression and fairness in articulation.

Uproar in Penang state assembly as mob enters hall

KUALA LUMPUR (May 12): Malaysia’s April 2014 palm oil stocks rose 4.6% month-on-month to 1.766 million tonnes, from March’s 1.688 million tonnes as output rose and exports slowed.

The total stocks level of the commodity was higher than market expectations.

While production rose 3.9% to 1.556 million tonnes from March’s 1.497 million tonnes, exports climbed only 1.18% to 1.260 million tonnes from March’s 1.245m tonnes.

More to come…

#Update* Malaysia’s April palm oil stocks, output higher than expected; exports lower than forecast

Last Updated: 5:07pm, Apr 30, 2014

PETALING JAYA (April 30): DAP secretary general Lim Guan Eng today slammed PKR's Tian Chua for claiming that Pakatan Rakyat, including DAP had agreed to PAS's plan to implement hudud.

Calling Tian Chua a liar, he said it was wrong and unethical for the PKR vice president to claim that DAP had agreed to the implementation of hudud only in Kelantan and Terengganu but not other states.    

"DAP considers it irresponsible, wrong and unethical for Tian Chua to drag the party into adopting his stand of supporting PAS in implementing hudud within both states.

Following Tian Chua's statement, Guan Eng said he had personally spoken to Opposition leader Datuk Seri Anwar Ibrahim on the matter and conveyed DAP top leaderships' anger "at the lies spread by Tian Chua".

He said Anwar reaffirmed DAP's stance on hudud.


more to come

For more stories, go to www.fz.com, the website for freedom of expression and fairness in articulation.

Guan Eng: Tian Chua spreading lies

Big Tech’s hunger for electricity to run artificial intelligence (AI) could help pay for the clean energy the world needs, said Professor William Chueh, director of Stanford University’s Precourt Institute for Energy.

Big Tech’s appetite for power could pay for clean energy

The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.

WEF could appoint Lagarde as early as November — Reuters

British finance minister John Healey said banks were central to the country's economic future on Thursday when pressed by reporters about the likelihood of a windfall tax on their bumper profits in his first budget on Oct 28.

UK's Healey says banks are key to economy but keeps tax options open

US retail sales increased more than expected in September, boosted by higher gasoline prices, but spending elsewhere was moderate, which could temper economists' expectations for another quarter of robust consumer spending growth.

US retail sales beat expectations in September on higher gasoline prices

The number of Americans filing new claims for unemployment benefits increased marginally last week amid low layoffs that are keeping the labour market stable.

US weekly jobless claims rise marginally amid low layoffs

Labuan Corporation (LC) has appointed entrepreneur Jeffrey Lim Tau Hoong as chief executive officer of its wholly-owned investment subsidiary, Invest Labuan Sdn Bhd (ILSB), effective Thursday.

Jeffrey Lim appointed Invest Labuan CEO

Brent crude prices fell over 1% on Thursday as potential US steps to ease restrictions on Russia's "shadow fleet" tankers soothed price concerns, but attacks on ships in the Middle East and Ukrainian strikes on Russian energy infrastructure limited the decline.

Oil prices slips as US weighs easing sanctions on 'shadow fleet'

Microsoft president Brad Smith warned the Trump administration's move to restrict green-card access for skilled foreign workers could hurt US technological competitiveness and drive talent overseas, Politico reported on Thursday.

Microsoft president warns green-card curbs could hurt US tech — report

In his Budget 2027 speech, Prime Minister Datuk Seri Anwar Ibrahim announced RM1.2 billion in investments by Khazanah Nasional and KWAP to help local semiconductor companies move into higher-value segments, including an investment fund involving Khazanah and the Selangor state government. Separately, Khazanah and InvestPenang will establish a RM100 million Strategic Investment Fund to support semiconductor and advanced manufacturing companies in their early stages of growth. These commitments signal support for domestic industrial upgrading. Yet the speech offers no explicit focus or dedicated measures for precision machining and outsourced semiconductor assembly and testing (OSAT) — two critical pillars of Malaysia’s semiconductor ecosystem that deserve greater attention in the country’s industrial strategy.

Opinion: Budget 2027 — Malaysia must back its semiconductor backbone before the window closes

Corporate governance in Malaysia is entering an enhanced phase. As Malaysia moves towards the forthcoming 2026 revision of the Malaysian Code on Corporate Governance (MCCG), attention is moving beyond boards and directors to the wider governance ecosystem, including the role and accountability of company secretaries.

The shift is significant. In a recent speech, the Securities Commission (SC) Chairman said consultations for MCCG 2026 highlighted the need to strengthen the competence, capabilities and professionalism of company secretaries.

Corporate governance beyond the boardroom

Former prime minister Datuk Seri Najib Razak will serve the remainder of his prison sentence for the SRC International Sdn Bhd case under home confinement&nbsp;at his residence in Langgak Duta, Kuala Lumpur, with his family, according to several Malay dailies.

Najib to serve remaining SRC jail sentence under home confinement at Langgak Duta, says Shafee — reports

Penang Regional Development Authority (Perda) chairman Datuk Dr Shaik Hussein Mydin has been charged with 15 counts of receiving bribes totalling nearly RM850,000.

Penang development authority chairman Shaik Hussein Mydin charged with 15 counts of graft

IN September 2022, CGS International Securities Sdn Bhd (then CGS CIMB) granted a RM60 million margin trading account facility to Wong Thean Soon, co-founder and largest shareholder of MyEG Services Bhd, now known as Zetrix AI Bhd (KL:ZETRIX).

The facility came with a price cap on Zetri...

Cover Story 2: Insights into margin calls on Zetrix’s Wong

BYD Malaysia has appointed Inokom Corporation Sdn Bhd, a subsidiary of Sime Darby Bhd (KL:SIME) based in Kulim, Kedah, as its local assembly partner for its planned completely knocked-down (CKD) vehicle operations in Malaysia. 
&nbsp;

BYD Malaysia appoints Inokom as local assembly partner

THE situation at Zetrix AI Bhd (KL:ZETRIX) appears to be deteriorating, with more issues emerging. Late last Friday (Oct 2), Zetrix and its wholly-owned unit MyEG Sdn Bhd had their roles as collection agents for the Road Transport Department (JPJ) suspended, effective from 12.01am on Oct 5.
...

Cover Story 2: Heading deeper into the woods

Zetrix AI Bhd (KL:ZETRIX) on Thursday confirmed it is under police investigation following a Bursa Malaysia query about a news report on the probe.

Zetrix AI confirms police investigation into company following Bursa query

CTOS Digital Bhd (KL:CTOS) reversed course toward new all-time low on Thursday as more analysts downgraded the digital services firm following a major cybersecurity incident.

CTOS Digital resumes descent to new all-time low with more analyst downgrades

Malaysia recorded a 4.5% decline in live births in 2025, while the total fertility rate (TFR) fell to 1.5 children per woman, reflecting a continued downward trend in the country's birth rate.

Malaysia's live births down 4.5%, fertility rate at 1.5 children per woman in 2025 — official data

IN a rare move, Excel Force MSC Bhd ­(KL:­EFORCE) (EForce) has proposed to raise funds of up to RM10.66 million through the issuance of new shares.

According to the company, which last implemented a share placement to raise funds in 2010, the proceeds are required for working capital be...

Cover Story 2: Where did Excel Force’s RM26.6 mil go?

Nasdaq-listed American Resources Corporation (ARC) has appointed Datuk Mark Ling as chief executive officer of its newly established American Resources Indo Pacific, which will spearhead the group's expansion into the region, starting with the development of an integrated rare earth supply chain in Malaysia.

American Resources appoints former Edra president Mark Ling to lead rare earth supply chain development in Malaysia

Sunway Bhd (KL:SUNWAY) property arm, Sunway Property, soft-launched Tower C — the final tower of Sunway Velocity 3 — on Oct 10 virtually, following a 98% take-up rate across Towers A and B within two years. 
&nbsp;

Sunway Property soft-launches final tower of Sunway Velocity 3

Malaysia is considering hosting Formula One (F1) races once every few years, potentially in collaboration with other countries, following the recent Bahrain Grand Prix held at the Sepang circuit that generated nearly RM950 million in estimated economic returns.

Malaysia mulls F1 return after race generates RM950 mil in economic returns

India's sunflower oil imports slumped to their lowest in more than four years in September as war-related disruptions curbed supplies from Russia and Ukraine, prompting refiners to ramp up palm oil purchases to a seven-month high, a leading industry body said on Thursday.

India turns to palm oil as sunflower oil imports hit four-year low in September

The government plans to introduce a “user-pays” electricity pricing system for large consumers, including data centres and energy-intensive industries, to shield households from rising electricity costs.

Govt plans ‘user-pays’ electricity pricing for data centres, energy-intensive industries

Malaysia’s central bank has greater room to adjust interest rates after changing its policy guidance last month and stands ready to act if inflation pressures intensify as the Middle East conflict keeps energy prices elevated, its governor said.

BNM governor signals room to act as inflation risks rise

Malaysian shares fell on Thursday as a four-day winning streak on the FBM KLCI ended amid renewed concerns over rising US interest rates.

Malaysia shares slip as US inflation worries, foreign selling end four-day win streak

Malaysia wants data centre investors to bear the cost of transmission upgrades required by their projects rather than pass the investment to the local players.

Data centre investors must bear necessary grid upgrade costs, says Johari Ghani

Malaysian exporters are likely increasing conversions of their foreign-currency earnings into the ringgit, which stands to boost the local exchange rate through the rest of the year, analysts say.

Exporter dollar sales boost ringgit, analysts say

AWC Bhd (KL:AWC) outperformed the broader market on Thursday after the engineering services firm added another contract related to data centres to its books.

AWC outperforms market after contract win, analysts stay positive

A three-member Court of Appeal bench on Thursday ruled that a commissioned lawyer and partner at a law firm is liable to pay the balance purchase price owed to a house-seller client, despite another partner of the law firm being responsible for the loss.

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