7-day Archive: 

FELDA forms unit to invest in FGVH, replacing KPF

KUALA LUMPUR, Feb 22 — FELDA has decided to form a special purpose vehicle (SPV) to take the majority stake in FELDA Global Ventures Holdings Bhd after eight settlers blocked the FELDA Investment Cooperative (KPF) from injecting its assets into the company for its contentious initial public offering (IPO).

FELDA chairman Tan Sri Isa Samad said ... Read More

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Children play in the water at an illegal immigrant colony near Kota Kinabalu. The allegedly sanctioned influx of foreigners is set to become a key election issue in Sabah. — Picture by Jack Ooi  Read More

Malaysia

Angry imam chucks shoes at judges in top court

By Debra Chong
KUALA LUMPUR, Feb 22 — An imam threw his shoes at three senior judges in the country’s highest court today after they struck out his bid to challenge an eviction order from a city ... Read More

Ananda Krishnan plans US$2b sale of power assets, say sources

HONG KONG, Feb 22 — Ananda Krishnan, ranked by Forbes as Malaysia’s second-richest man, has put his entire power portfolio up for sale in a deal that could fetch more than US$2 ... Read More

Food pushes monthly inflation up in January

By Lee Wei Lian
KUALA LUMPUR, Feb 22 — Inflation grew faster in January as compared with December and November last year due to higher prices for food and non-alcoholic beverages, RHB Research ... Read More

Business

AirAsia sees sharp fall in 2011 net profit

KUALA LUMPUR, Feb 22 — AirAsia today reported a sharp fall in net profit by almost half for 2011 but the budget carrier posted record revenue.The airline posted a revenue of ... Read More

Euro zone teetering on brink of recession

LONDON, Feb 22 – The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism ... Read More

World

Four more bodies found on Italian cruise liner

ROME, Feb 22 — Salvage workers have found four more bodies on the wreck of the Costa Concordia, bringing to 21 the confirmed number of dead from the accident in which the huge ... Read More

Mubarak’s trial leaves Egypt with open wounds

CAIRO, Feb 22 — Mohamed Moustafa Morsy had to sneak out of his home to join the protests against Hosni Mubarak last year, afraid his parents would stop him if they knew where he ... Read More

Sports

Rangers owner sold historic Arsenal stake to Usmanov

LONDON, Feb 22 – Rangers chairman Craig Whyte sold off an historic shareholding in Arsenal to Alisher Usmanov, the Uzbek-born billionaire who owns almost 30 per cent of the ... Read More

Throat infection rules Rooney out of Ajax match

MANCHESTER, Feb 22 – Wayne Rooney will miss Manchester United’s Europa League match with Ajax Amsterdam tomorrow after picking up a throat infection, manager Alex Ferguson said ... Read More

Technology

New York taxis could get iPads, says report

NEW YORK, Feb 22 — New Yorkers may be able to surf and ride at the same time if a plan to put ... Read More

Nokia to unveil cheaper Windows smartphone, say sources

HELSINKI, Feb 22 — Nokia will next week unveil a new, cheaper smartphone using Microsoft’s Windows ... Read More

Features

New York eyes shark fin trade ban

NEW YORK, Feb 22 – A group of New York legislators yesterday unveiled a draft law banning trade in ... Read More

Milan fashion warms up for frosty A/W 2012 season

MILAN, Feb 22 – Italian designers will do their best to grab the attention of free-spending Asian ... Read More

Showbiz

Obama sings at White House blues show

WASHINGTON, Feb22 — President Barack Obama broke into song yesterday at a White House blues show, as Rolling Stones frontman Mick Jagger urged a reluctant US leader to step up and ... Read More

Adele turns tables on TV execs with finger gesture

LONDON, Feb 22 — Singer Adele had the tabloid press up in arms today and TV executives running for cover over a middle finger gesture after her moment in the sun at British pop’s ... Read More

Books

Film studio sues to prevent more ‘Godfather’ books

NEW YORK, Feb 22 — The movie studio that controls the rights to “The Godfather” has sued the estate of its creator ... Read More

A treat for the bookworm in Japan

By Kenny Mah
KUALA LUMPUR, Feb 21 — Imagine yourself sitting in a quiet café somewhere, sipping on a nice cup of coffee or tea, ... Read More