Malaysia Sun
MalaysiaSun.com Monday 6th October 2008 Issue 1628
Front Page Malaysia News
Malaysian journalist on trial for alleged sedition


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KUALA LUMPUR, Malaysia (AP) -- The editor of Malaysia's best-known anti-government news Web site went on trial Monday on sedition charges for allegedly implying the deputy prime minister was involved...


Singapore, Malaysia expand air services agreement
SINGAPORE, Oct. 6 (Xinhua) -- Singapore and Malaysia expanded the bilateral air agreement on Monday, allowing both countries' low cost carriers to increase services. "The new agreement gives low...


KL Shares Stay Lower At Mid-afternoon
KUALA LUMPUR, Oct 6 -- Share prices on Bursa Malaysia were lower at the mid-afternoon as players chose to stay on the sidelines amid lack of fresh leads, dealers said. At 3.10 pm, the benchmark...


Malaysian blogger Raja Petra Kamarudin goes on trial over sedition charges
The trial of one of the most prominent anti-government bloggers in Malaysia, who faces charges of sedition, began today.Raja Petra Kamarudin, who runs the popular Malaysia Today news website, is...


Malaysian PM to announce departure plans
Malaysian Prime Minister Abdullah Ahmad Badawi, who is under intense pressure to quit, said he will announce by Wednesday whether he will step down in...


Denmark makes deal to guarantee all bank deposits
COPENHAGEN, Denmark (AP) - Denmark on Monday said it would guarantee all bank deposits amid turbulent markets. In a statement posted on its Web site, the Economy Ministry said that commercial lenders...


Philippine AIG unit assures customers despite sale
MANILA (AP) - The Philippine unit of American International Group Inc. sought to dispel concerns Monday that the sale of the country's largest insurer would affect its ability to pay claims. Jose...


Chinese insurer to record US$2.3bil loss on Fortis
BEIJING: Ping An Insurance Co., one of China's biggest insurers, said Monday it will record a US$2.3 billion loss on its stake in troubled European bank Fortis NV. The writedown was the biggest blow...


Malaysia writer in sedition trial
A prominent anti-government blogger has gone on trial in Malaysia on charges of sedition. Raja Petra Kamaruddin, who is already in jail after being detained under the Internal Security Act, faces...


Sabah govt denies mistreatment of illegal immigrants
THE Sabah state government has denied an allegation that the authorities had mistreated Filipino illegal immigrants while under detention before they were deported. State secretary Datuk Sukarti...


KLCI Futures Lower At Midday
KUALA LUMPUR, Oct 6 (Bernama) -- The Kuala Lumpur Composite Index (KLCI) futures contracts on Bursa Malaysia Derivatives were lower at midday in line with the cash market's performance, dealers said....


KLIBOR Futures And MGS Still Untraded At Midday
KUALA LUMPUR, Oct 6 (Bernama) -- The three-month Kuala Lumpur Interbank Offered Rates (KLIBOR) futures contracts on Bursa Malaysia Derivatives were still untraded as of midday today, dealers said. ...


CPO futures hit limit-down
KUALA LUMPUR: Crude palm oil (CPO) futures hit limit-down briefly in morning trade on Monday, putting pressure on plantation stocks, as investors worried about the possible fallout from a global...


Ask.com hopes to make search faster, more relevant
NEW YORK (AP) - Assuming your company's name isn't a verb synonymous with looking things up online, how do you get Web surfers to not just try your search engine, but also frequent it? For Oakland,...


BN not ready to merge into one single party
BN not ready to merge into one single party Kuching: The Barisan Nasional (BN) is not ready to form a single political party, until such time when all BN component parties share the same...


Jinxed Chong Wei stumbles again
Jinxed Chong Wei stumbles again Kuala Lumpur: Top Malaysian doubles pair Koo Kien Keat/Tan Boon Heong successfully defended their Macau Open title but world number one Datuk Lee Chong Wei...


Great start for Team Malaysia
A1 TEAM Malaysia made a splendid start to their A1GP World Cup of Motorsport season when Fairuz Fauzy stormed to victory in the rain-soaked Sprint race and later finished second in the Feature race...


Sarawak prepares for HFMD outbreak
Sarawak prepares for HFMD outbreak Sibu: The Kuching, Sibu and Miri hospitals have made their respective preparations to cope with the expected outbreak of the Hand, Foot and Mouth Disease (HFMD)...


Hammers fall to Bolton
Hammers fall to Bolton LONDON: Gianfranco Zola suffered his first Premier League defeat as manager of West Ham United on Sunday when Bolton Wanderers won 3-1 at Upton Park. Goalkeeper Robert...


Under-17 action kicks off today
Under-17 action kicks off today Kota Kinabalu: Australian football team, Marconi FC is among the seven teams taking part in the Under-17 Figos Borneo Football Cup on Oct 6-8. Coach Rick...


MCA will speak louder, says Ong
MCA will speak louder, says Ong Kota Kinabalu: MCA will "speak louder" for the community even as it continues to provide service, says its President Datuk Seri Ong Ka Ting. "We have always...


Orang Asli Dept role for Sabah
Orang Asli Dept role for Sabah? NABAWAN: The role of the Orang Asli Affairs Department (JHEOA), which has successfully developed the Orang Asli community in Peninsular Malaysia, will be reviewed...


Shares likely to be lower this week
Shares likely to be lower this week Kuala Lumpur: Bursa Malaysia is likely to be lower this week as investors are expected to take a cautious stance over the developments in the US financial...


Tan says ready to face SAPP action
Tan says ready to face SAPP action Datuk Raymond Tan said he is ready to face action from the Sabah Progressive Party (SAPP) for going against the party's Supreme Council decision and leaving his...


Ringgit Lower Against US Dollar In Early Trade
KUALA LUMPUR, Oct 6 (Bernama) -- The ringgit was traded lower against the US dollar on continued selling pressure of the local currency, dealers said. Dealers said the greenback saw strong buying...


Ferguson backs Rooney to lead title charge
Ferguson backs Rooney to lead title charge BLACKBURN: Sir Alex Ferguson believes that Wayne Rooney and Manchester United are ready to take a stranglehold on the Premier League after emerging from...


People must tell us, says welfare dept
KUALA LUMPUR: The Welfare Department is aware that it needs to improve the delivery system to reach out to the poor, especially urban folk who are struggling with the rising cost of...


Decision on further fuel price cut end of month
Decision on further fuel price cut end of month Johor: The decision on a further reduction of oil prices can only be made after the last Cabinet meeting for the month of October, said Domestic...


KL Shares Open Easier In Early Trade
KUALA LUMPUR, Oct 6 (Bernama) -- Share prices on Bursa Malaysia opened easier in early trading today as players remained cautious over the global economic development, dealers said. At 9.10am, the...


Ringgit may decline further
Ringgit may decline further Kuala Lumpur: The ringgit is likely to decline further against the US dollar this week amid an appreciation of the greenback in global markets, dealers said. They...


MTUC wants govt to fix RM900 monthly minimum salary
MTUC wants govt to fix RM900 monthly minimum salary Kuala Lumpur: The Malaysian Trade Union Congress (MTUC) will present a memorandum on Oct 7 to the Human Resources Ministry, highlighting the...


Tham tells MCA to look after own backyard
Tham tells MCA to look after own backyard Kota Kinabalu: MCA should first look after its own backyard, especially to better unite its leaders and members, instead of demanding for the Sabah...


No need for Race Relations Act in Sabah, says PBS
No need for Race Relations Act in Sabah, says PBS Kota Kinabalu: Parti Bersatu Sabah (PBS) believes the proposed Race Relations Act is not necessary in Sabah. "Sabah is a good example of unity...


Asian markets fall on US economy worries
KUALA LUMPUR: Asian markets started the new week on a weak note on Monday, with the local bourse also slightly lower in cautious trade as investors worried about the deteriorating fundamentals of the...


Oil falls to US$92 in Asia as financial turmoil spreads
SINGAPORE: Oil prices fell to US$92 a barrel on Monday in Asia on fears a U.S.-led financial crisis is spreading across the globe, exacerbating an economic slowdown that will cut crude demand. Light,...


Americans eye bailout but still keep cutting back
NEW YORK (AP) - Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently has not yet trickled down to the pubs, storefronts, car lots and...


Credit crisis adds to pressures on US auto dealers
NEW YORK (AP) - Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with...


TM International strengthens top management team
KUALA LUMPUR: TM International Bhd, which is working towards becoming the regional mobile champion by 2015, has strengthened its top management team. TMI said on Monday it had appointed Don Price as...


Wall Street, the week ahead
NEW YORK: The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury Department will implement the government's financial rescue...


IOI to stay resilient on diversified base
IOI Corp Bhd, which has been favoured by investors for its strong earnings visibility, is expected to continue its good performance despite the possibility of crude palm oil (CPO) prices falling...


Hedge funds could trigger more turmoil in the markets
The weekly candlestick chart closed neutral to slightly positive and called for further sideways band trading this week. A candle with a long lower-shadow was formed in the weekly chart last week and...


Wachovia says it will press ahead with Wells deal
NEW YORK (AP) - Wachovia Corp., at the center of a fight between Wells Fargo & Co. and Citigroup Inc. over who will buy the beleaguered bank, is moving ahead with its deal to sell itself to Wells...


Axis to inject RM300mil assets over next two years
AXIS REIT Managers Bhd has lined up more than RM300mil worth of assets to be injected into Axis real estate investment trust (REIT) over the next two years. According to Axis REIT Managers chief...


Outgoing Puteri Umno head pledges not to take sides
"I will leave it to the delegates to decide who should be the next chief," she said at her Hari Raya open house in Peserai, near here, yesterday."It is not fair for me to side with any of the...


Dubai aims to top its own world
DUBAI, United Arab Emirates (AP) - With its world's tallest building nearing completion, Dubai said Sunday it is embarking on an even more ambitious skyscraper: one that will soar the length of more...


A flower each, then Syazwi was gone
KUANTAN: Mohd Syazwi Mohd Yusof was so happy on an outing with his family on Saturday that he presented each one with a flower he had...


One more to run for Umno No 2
Pulai Umno division chief Datuk Nur Jazlan Mohamed offered himself for the post yesterday, following in the footsteps of Umno vice-president Datuk Seri Mohd Ali Rustam and supreme council member...


Firms need to re-engineer their core business to stay afloat
THE size and market leadership of an organisation does not guarantee its long term health, says Cisco Systems Inc executive vice-president of operations, processes and systems Randy Pond. This...


Rulers to pick new chief justice next week
PUTRAJAYA: The Conference of Rulers will meet for three days in Kuala Terengganu next week to decide on a new chief justice following the compulsory retirement of Tun Abdul Hamid Mohamad on Oct...


BNP Paribas to take majority stake in Fortis
BRUSSELS, Belgium (AP) - French banking giant BNP Paribas will take a 75 percent stake in the remaining operations of troubled bank Fortis NV, the Belgian government announced Sunday. Prime Minister...