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Bursa Malaysia sinks amid foreign sell-off and regional weakness
Bursa Malaysia sinks amid foreign sell-off and regional weakness

The Star

time4 days ago

  • Business
  • The Star

Bursa Malaysia sinks amid foreign sell-off and regional weakness

KUALA LUMPUR: Bursa Malaysia remained under selling pressure on Friday as foreign investors continued to pare down their holdings, amid ongoing tariff concerns and weakness in regional markets. The benchmark FBM KLCI slid 10.63 points, or 0.7%, to 1,508.35 — its intraday low. It fell 1.8% for the week and about 2.1% for the month of May. Stocks that fell outnumbered those that rose 616 to 336, with another 418 counters unchanged. A total of 3.2 billion shares changed hands, worth RM5.04bil. Dealers said selling in the past few days has shaken market sentiment, pushing more investors to the sidelines. They added that overall conditions remain tepid, with interest staying relatively muted even as foreign investors continue to sell. Among the decliners, Nestle tumbled RM2.26 to RM78.60, Ajinomoto slid RM1.28 to RM12.96, PETRONAS Dagangan fell 80 sen to RM19.70 and Heineken lost 60 sen to RM7.10. Hong Leong Financial Group rose 32 sen to RM16.58, Bintulu Port gained 21 sen to RM5.46, F&N added 20 sen to RM27.30 and Kumpulan Fima climbed 19 sen to RM2.58. Among the actives, KPJ slid 24 sen to RM2.72, with 81.42 million shares traded, Eco Shop added seven sen to RM1.26, with 63.15 million shares done, and Public Bank traded flat at RM4.31, with 62.14 million shares changing hands. Meanwhile, the ringgit was quoted at 4.2585, slipping 0.36% against the US dollar. It also fell 0.24% to 3.2969 against the Singapore dollar. Among the key regional markets: Japan's Nikkei 225 closed down 1.22% to 37,965.10; South Korea's Kospi slipped 0.84% to 2,697.67; Hong Kong's Hang Seng Index fell 1.2% to 23,289.77; China's CSI 300 Index finished down 0.48% to 3,840.23 and; Singapore's Straits Times Index fell 0.57% to 3,894.61 points.

Prices to rise for 1,932 food products in Japan in June
Prices to rise for 1,932 food products in Japan in June

Japan Times

time4 days ago

  • Business
  • Japan Times

Prices to rise for 1,932 food products in Japan in June

Prices are set to rise in Japan in June for 1,932 food products and beverages made by 195 major makers, research company Teikoku Databank said Friday. The number, which is three times the year-before level, marked the sixth consecutive month of increase, boosted by rising prices of rice. Over 100 products will have higher price tags due to the increased prices of rice. Toyo Suisan plans to raise the recommended retail price of its Attaka Gohan packaged precooked rice product to ¥253 ($1.76) from ¥217 before tax, while Ajinomoto will raise the shipment prices of six retort-pouch rice porridge products and other rice-related products by 10% to 11%. It is "highly likely" that food and beverage prices will increase for over 20,000 items in total this year, exceeding the level for the first time since 2023, a Teikoku Databank official said. Behind the prediction are continued upward pressure on distribution and labor costs, and high raw material prices.

FBM KLCI falls for fourth day, bucking regional uptrend
FBM KLCI falls for fourth day, bucking regional uptrend

The Star

time5 days ago

  • Business
  • The Star

FBM KLCI falls for fourth day, bucking regional uptrend

KUALA LUMPUR: While most regional markets rallied after a U.S. trade court blocked President Donald Trump's sweeping tariffs, the FBM KLCI slipped into the red again, marking its fourth consecutive day of losses. At 5pm, the 30-stock index fell 4.5 points, or 0.3%, to 1,518.98 — just slightly above its intraday low of 1,518.38. It had earlier touched an intraday high of 1,526.94. Gainers and losers were closely balanced, with 466 gainers against 478 losers and 460 that were flat. Volume was 3.3 billion shares, valued at RM2.22bil. Dealers expect near-term conditions to remain lacklustre due to lingering tariff headwinds and a limited number of domestic catalysts, which could keep most market participants on the sidelines for the time being. Among the losers on Bursa Malaysia, Panasonic Manufacturing slid 54 sen to RM13, Hong Leong Financial Group fell 44 sen to RM26.26, Ajinomoto eased 28 sen to RM14.24 and Hong Leong Bank declined 28 sen to RM19.62. Conversely, Malaysian Pacific Industries surged RM1.78 to RM19.86, Hong Leong Industries gained 30 sen to RM14.30, PETRONAS Dagangan added 30 sen to RM20.50 and Batu Kawan rose 28 sen to RM19.18. In the forex market, the ringgit slipped 0.32% against the US dollar to 4.2382, and declined 0.13% versus the Singapore dollar at 3.2845. Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.63%. Japan's Nikkei 225 rose 1.88% to close at 38,432.98, South Korea's Kospi gained 1.89% to 2,720.64, and Hong Kong's Hang Seng Index ended 1.35% higher at 23,573.38. China's blue-chip CSI300 index rose 0.59% to close at 3,858.70, while the Shanghai Composite Index added 0.7% to finish at 3,363.45.

10 Schools Awarded Science Castle Grant 2025 For Asia-level STEM Competition
10 Schools Awarded Science Castle Grant 2025 For Asia-level STEM Competition

Barnama

time15-05-2025

  • Science
  • Barnama

10 Schools Awarded Science Castle Grant 2025 For Asia-level STEM Competition

GENERAL SEREMBAN, May 15 (Bernama) -- A total of 10 schools have been selected to receive the Science Castle Grant 2025 Ajinomoto (Malaysia) Berhad Award, each worth RM2,000 in educational funds, to participate in the Science Castle Asia 2025 competition, this October, in Cyberjaya. The selected schools are Sekolah Menengah Kebangsaan (SMK) Bako, SMK Bau, SMK Lundu, SMK Asyakirin Bintulu, all in Sarawak; Sekolah Menengah St. Michael (Sabah); SMK Seri Berang (Terengganu); SMK Tumpat (Kelantan); SMK Taman Pelangi Indah (Johor), SMK Bandar Puchong Jaya (Selangor) and the Royal Military College (RMC). Ajinomoto (Malaysia) Berhad's chief production officer, Yong Kum Cheng, said that through collaboration with Leave a Nest Malaysia (LVNSMY), the initiative aims to foster the interest and involvement of the younger generation in Science, Technology, Engineering, and Mathematics (STEM) education. 'In addition to research funding support, participants are receiving guidance from mentors, including 10 researchers from Ajinomoto (Malaysia) Berhad and Leave a Nest Malaysia, via online and face-to-face sessions, over a five-month period. 'The results of their efforts will be showcased at the Science Castle Asia 2025 competition. The best research projects will have the opportunity to represent the country at the prestigious Science Castle World event, in Tokyo, in December 2025,' he told reporters at the grant presentation and workshop, here, today. Also present were Ajinomoto (Malaysia) Berhad managing director Daisaku Wadami and LVNSMY managing director Abdul Hakim Sahidi. Yong said that Ajinomoto, together with the young researchers, aims to explore innovative solutions to enhance food quality, reduce waste, and promote sustainability, ultimately encouraging more students to pursue studies in STEM fields. 'Based on the latest data, there has been a positive increase in secondary school students' involvement in STEM fields. However, the national target for STEM participation has yet to be achieved, even after more than five decades,' he said. Meanwhile, Mohammad Ashraf Raiez Mohammad Riduan, a teacher at RMC, said that five of his students have been working on and presenting an innovative tablet fertiliser project, over the past two months. He added that the opportunity was invaluable for students to build their skills and further develop their research, enabling them to produce high-quality, innovative projects.

Mother's Day celebration of love and resilience
Mother's Day celebration of love and resilience

The Sun

time11-05-2025

  • General
  • The Sun

Mother's Day celebration of love and resilience

PETALING JAYA: At an elder's care centre nestled in the heart of the city, Mother's Day is more than a celebration. It is a tribute to strength, sacrifice and enduring love. Here, every mother has a story and each one deserves to be told. For Eunice Goh, 52, her daily visits are not just routine, they are a promise kept. 'My mom had a very serious case of osteoporosis and eventually became wheelchair-bound. I've been taking care of her for about two years. Before that, I looked after my father, who had kidney failure,' Goh said at The Senior Care. 'I truly didn't want to send my mom away. But she was the one who made the decision. She told my sister to bring her here because she wanted me to have the freedom to live my life.' Though her mother now lives at the centre, Goh vowed to visit her every day and has faithfully done so for the past eight years. Goh's mother, Tam Soo Hin, is now 85. To Goh, she is nothing short of a supermom. 'We didn't come from a wealthy family. My dad was a lorry driver and my mom worked as a cleaner. She cleaned houses, took home laundry for extra income and even worked in a factory. She really sacrificed a lot for us.' Goh reflected that it is rare these days to see a mother raise a family under such harsh conditions with such unwavering strength and love. While caregiving is not always easy, Goh considers it a gift. 'I'm just grateful that I get to care for her. Many elderly people feel abandoned, but my mom never made me feel burdened.' For Kai Fatt, 60, a corporate adviser whose 95-year-old mother Choo Toon also resides at the centre, strength is a recurring theme. 'She's incredibly strong. She used to run a laundry shop for over three decades before becoming a full-time homemaker,' he said. After a serious fall that went unnoticed for hours, the family realised she needed full-time care. 'I try to visit her every day. I make her coffee exactly the way she likes it and bring it to her each time I visit.' At 96, Lam Leik Hua is the oldest resident at the centre. She has three children, great-grandchildren and even a foster child she raised from a young age. 'I do miss my children. I can't remember the last time I saw them. They have their own families and grandchildren to care for. They call sometimes, but we don't talk much anymore,' she said. Lam finds comfort in her closest friend at the home, Choi Swee Ha, 80, a retired teacher from Petaling Jaya. 'I enjoy my time here, everyone is very friendly and kind. My family visits me at least once a week. Even my former students come to visit and sometimes take me out for lunch,' Choi said. For Chan Choo Sew, 79, independence was always a core part of her identity. A former Ajinomoto employee and avid driver, she recalled: 'I started driving at 18 and continued until I was 78. I loved driving. I even drove to Singapore on my own.' However, after a fainting episode and hospital stay, her children decided it was no longer safe for her to live alone or drive. 'My son once told me he used to worry constantly when I was living alone. Now that I'm here, he can finally sleep peacefully knowing I'm well taken care of.' For Matron Tan, the nurse manager, the centre is more than just a workplace. 'It's a second home, not just for the residents but for their families and for us, the staff,' she said. 'Every year, we celebrate Mother's Day with cake-cutting and handmade gifts. Even when families can't make it, our team steps in. 'The joy on their faces when they see the decorations or receive a simple gift is truly touching.' Sometimes the celebrations are modest – paper flowers, craft sessions or heartfelt cards – but the impact lasts far beyond the day itself. 'Even if it's just for a day, they feel remembered, loved and honoured. And that's what matters.'

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