Petronas posts lower Q3 net profit.

Petronas recorded 91% plunged down in net profit to RM 1.4 billion for the third quarter ended September 30, 2015 compared to the same quarter last year. Its revenue for the quarter decreased 25% to RM 60.1 billion from RM 80.4 billion previously. However, its downstream business recorded 38% increase in net profit to RM 7.3 billion from RM 5.3 billion. For the nine-month-period net profit was drop 57% from RM 54.9 billion to RM 23.8 billion. The increase was fuelled by strong refining and marketing margins on the back of lower feedstock prices, as well as improved plant performances for its refineries and petrochemical plants. Its president and Chief Executive Officer Datuk Wan Zulkiflee Wan Arifin said the non-cash impairments are a necessary, prudent measures as the company braces for a long-drawn out period of low oil prices. “However, we remain confident of being able to weather the storm given our strong cash flow of RM51 billion year-to-date and RM 17billion in the Q3 alone,” said Wan Zulkiflee. He also said the national oil company would be giving out lower dividend of RM 16 billion payable in 2016 compared to RM 26 billion this year.

Cars Trapped Following Landslide on Karak Highway, no fatalities reported.

A landslide is blocking all lanes in both directions on the Karak Highway. It occurs at Kilommetre 52.2 at Bukit Tinggi where the lanes were really watery kind of mud. So, all lanes in all directions are currently being obstructed. For now, traffic heading towards Kuala Lumpur is stuck in a 3km standstill, with a 1km crawl heading towards Bentong. From the picture that I had watched through News at TV1, there are some cars that are buried in this landslide. As an alternative, road users can exit off at Bukit Tinggi or Bentong or use trunk roads to bypass the congestion. A spokesman from the Pahang Fire and Rescue Department confirmed that there were four vehicles that were trapped in the landslide but all passengers managed to escape unhurt.

Medical Tourism Industry expected to generate RM2billion by 2020

Malaysia`s predict that medical tourism industry is expected to generate about RM 2 billion in 2020. Under 11th Malaysia plan, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said that income from Medical Tourism is expected to grow 15% annually. Malaysia atracted 800 000 medical tourists in 2004 from 770 000 in 2013, according to the Ministry of Tourism & Culture. The study verifies that the opportunity exist for countries to invest and intensity R&D to develop halal pharmaceuticals including vaccines for the growing Muslim population Worldwide.

One- Month free commuter ride for New Ampang Line

The owner of Rapid KL`s LRT services make an offer a one-month free ride for their customers to travel by using commuters within 4 new Ampang Line Stations. The stations will be opened their service on 31 October 2015(Saturday). Free tokensfor the single journey will be provided at Customer Service Office at Sri Petaling LRT Station and also at the 4 new station. The 4new stations mentioned that are Awan Besar , Muhibbah,Alam Sutera and Kinrara BK5 will be used with six-car trains. The new trains will stop at Sri Petaling station and passengers need to disembark to continue their journey on the current line.

More than 350 000 disabled registered under JKM :)

Statistic on 27 October 2015 showed that about 354 874 disabled registered with Welfare Department. Women, Family and Community Development Minister Datuk Rohani Abdul Karim mentioned that the registration with the department through People With Disabilities Information System had covered the 7 categories. They are categorized with physical (121 175 people), visual impairmemt (31756), hearing impairment (29061), mental (28282), speech (1736) and the remaining 16353 whichmore than one disability. Government had introduce 1% employment policy in the 17th century for the disabled in the public sector. Under 11th Malaysia Plan, government had target 16000 jobs to be filled by disabled people by 2020 in the public sector.

Budget 2016: Prospering The Community Life

Budget 2016 had been announcement by our Prime Minister, Datuk Seri Najib b Razak on Monday at 2.30 pm on live.The some intipation of the budget 2016 are followed: 1.Government allocated about RM 167.2 billion under the theme " prospering the community life". 2.Internet spped in rural areas increase 5 times from 5mbps to 20 mbps. 3. LRT project from Bandar Utama, Damansara- Johan Setia, Klang with prediction in cost of construction RM16 billion will start to construct in 2016 and will finished in 2020. 4. RM 200 million to construct road in the FELDA. RM 1.4 billion for bulid and construct in rural area along 700km in a whole country. 5. Exception of duty stamp about 20% for the people to buy the house. 6. Rapid Bus Transit KL-Klang project at the cost of more than RM 1.5 billion and the Rapid Bus Transit Kota Kinabalu at the cost near RM1 billion will be held. 7. Government will buuild more 30 Primary School , 27 Secondary school, 4 MRSM and 5 SBP. 8. All student from Primary and Secondary school will obtain incentive RM100 for their school expenditure. 9. BBIM voucher will be continue in the budget 2016 with the amount RM250. 10. The first highway is Pan Borneo Highway at Sabah and Sarawak will free from tol. 11. Salary for Ppublic sector will increase. 12. BRIM will be continue and also will increase in the budget 2016.

Malaysia’s Ringgit Falls as Inflation Increases Rate-Rise Odds

Assalamualaikum.Today i would like to share with you about inflation in Malaysia. Malaysia’s ringgit fell as the fastest inflation in a year fueled speculation interest rates will be raised amid an economic slowdown. The introduction of a 6% GST in April by Prime Minister, Datuk Seri Najib Razak is putting a pressure on domestic prices, while import costs are rising after the ringgit slumped 15 percent this year in Asia’s worst performance. While boosting borrowing costs may be the “bitter pill Malaysia has to swallow to anchor important macro variables,” such a move could spur further capital outflows, especially if it “compromises an already fragile economy,” said Nizam Idris, Singapore-based head of foreign-exchange and fixed-income strategy at Macquarie Bank. “Hiking rates isn’t always positive to the currency, especially if it’s seen as a move to curb inflation while growth remains weak,” said Nizam. The ringgit dropped 0.4% to 4.1033 per dollar in Kuala Lumpur, after rising as much as 0.3% earlier, prices from local banks compiled by Bloomberg show. It reached 4.1340 on Monday, the lowest level since 1998. Government bond rose, with the 10-year yield falling two basis points to 4.28%, according to Bursa Malaysia prices. The economy expanded 4.9% in the three months through June, the slowest pace since the third quarter of 2013. The central bank has kept its benchmark policy rate at 3.25% for the past year, refraining from joining a global wave of easing to boost growth.