Latest news with #RM103mil
The Star
4 days ago
- Politics
- The Star
PM hopes new OCM HQ will spur country to win first Olympic gold
Prime Minister Datuk Seri Anwar Ibrahim at the groundbreaking ceremony of OCM Headquarters at Bukit Jalil. — FAIHAN GHANI/The Star PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim wants Malaysia to come home with at least one gold medal from the 2028 Los Angeles Olympics. Speaking during the groundbreaking ceremony for the new Olympic Council of Malaysia (OCM) headquarters in Bukit Jalil, Anwar said he hopes the development of the new facility will spur the country to get its first Olympic gold medal in Los Angeles. Anwar said the government has been supporting sports in the country through efforts from Youth and Sports Minister Hannah Yeoh, as well as OCM president Tan Sri Norza Zakaria. "I think the government, through the Youth and Sports Ministry, has been very proactive and supportive. You have a good minister who has been harassing me for more money and more funds "With Hannah and Norza, everyone is now waiting and we expect one gold medal at least, otherwise they'll be in trouble," said Anwar in jest at the National Stadium in Bukit Jalil yesterday. Anwar added that the new headquarters comes as a need to provide the 58 National Sports Associations (NSA) a place to gather and share knowledge to further enhance sports performance. Expected to cost RM103mil in total, the new Olympic House will be constructed in Bukit Jalil within the Kuala Lumpur Sports City, with the new building located next to the National Hockey Stadium. Norza had previously said that the main building is targeted to be done before the 2027 Kuala Lumpur SEA Games, but Anwar hopes the project can be completed ahead of its intended schedule. Meanwhile, Anwar also stressed the importance of sportsmanship, stressing that there is no room for hooliganism in sports at any level, particularly in football. "As I always tell my grandchildren in any sports they are involved in, especially when they get upset, that it's not the spirit. "You must try and excel to win, but must accept the fact that the best athlete will win and that's the spirit of sportsmanship. "That is why we take any issue of hooliganism or violence in sports seriously, particularly in football in this country. Everyone supports their team or their state, but that does not allow them to create chaos," he said. The new Olympic House is inspired by the one in Lausanne, Switzerland, and will replace OCM's current base at Jalan Hang Jebat.
The Star
29-07-2025
- Business
- The Star
FBM KLCI ends at intraday low as cautious sentiment weighs on market
KUALA LUMPUR: The FBM KLCI closed at its intraday low on Tuesday amid cautious sentiment driven by ongoing trade talks and a downward revision of the gross domestic product (GDP) growth forecast. The FBM KLCI closed at its intraday low of 1,523.82, down 5.56 points or 0.36%, after reaching a high of 1,537.62 earlier in the day. Stocks that fell outnumbered those that rose 603 to 365, with another 506 counters unchanged. A total of 3.36 billion shares changed hands, worth RM2.2bil. Dealers expect the cautious sentiment on the local bourse to persist, weighed down by lingering uncertainties surrounding the ongoing US-Malaysia trade negotiations as the deadline approaches. This, along with Bank Negara's downward revision of the GDP growth forecast, is likely to keep sentiment subdued. Among the decliners on Bursa Malaysia, Panasonic Manufacturing slid 36 sen to RM10.52, Kuala Lumpur Kepong lost 28 sen to RM19.52, Nestle fell 20 sen to RM87.80 and PETRONAS Gas declined 14 sen to RM17.78. Allianz jumped 40 sen to RM17.70, British American Tobacco added 32 sen to RM4.89, PETRONAS Dagangan gained 26 sen to RM21.70 and PETRONAS Chemicals climbed 18 sen to RM3.79. ACE Market debutant Oxford Innotech jumped 32.76%, or 9.5 sen, to 38.5 sen with 101.55 million shares traded. Meanwhile, stock market data showed that foreign investors sold a net RM103mil on Monday. Local institutions and retailers were net buyers, with RM67mil and RM37mil, respectively. On the forex market, the ringgit was down 0.09% against the greenback at 4.2347. It rose 0.46% against the pound to 5.6497, and 0.13% against the Singapore dollar at 3.2901. On the external front, major regional indexes ended mixed, with Japan's Nikkei 225 closing down 0.79% and Hong Kong's Hang Seng slipping 0.15%. South Korea's Kospi rose 0.66%, while China's CSI 300 Index climbed 0.39% and the Shanghai Composite Index added 0.33%.
