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Football / Malaysia Cup: Big five back to boost Perak Posted: 13 Oct 2011 11:45 AM PDT 2011/10/14 By Devinder Singh devinder@nst.com.my Perak's Akmal Rizal (centre) is expected to terrorise Selangor at Perak Stadium today. IT will be a different Perak side which Selangor will face in the Malaysia Cup quarter-finals return leg in Ipoh today as skipper Shahrulnizam Mustafa and striker Akmal Rizal Ahmad Rakhli are set to start after returning from suspension. The duo, along with teammates Nasril Nordin, Syazwan Roslan and Azmeer Yusoff, had their seven-match suspensions lifted by the FA of Malaysia on Monday and came on as substitutes in Perak's 3-1 defeat at the Shah Alam Stadium. Coach Norizan Bakar is now set to throw caution to the wind and field Shahrulnizam and Akmal from the start as Perak look for the 2-0 win at the Perak Stadium which will send them into the semi-finals against either Negri Sembilan or Felda United. The five players were originally only expected back if Perak reached the semi-finals but the lifting of the ban could not have been more timely, which came hours before the first leg but not soon enough for Norizan to include them in the starting line up. But it was only when Shahrulnizam and Akmal came off the bench did Perak begin to pose a threat to Selangor and managed to pull a goal back through Failee Ghazli and give them a lifeline. "We have no choice now but to win. The players must double their effort. What's happened is in the past and there is no use thinking about it. "It is up to the players to make sure what they want is realised," said Norizan after the first leg. Norizan is set to restore Shahrulnizam in the centre of midfield and pair Akmal with Failee, the striker who is on loan from Premier League side Universiti Sains Malaysia and has scored five goals in the Malaysia Cup. Failee, the second highest scorer in the tournament after Kedah's Khyril Muhymeen Zambri (six), has impressed Perak officials so much that his loan stay will be made permanent along with Rafiuddin Roddin, who has been released by Young Tigers A. This was confirmed by Perak FA president Datuk Zainol Fadzi Paharudin at the association's annual meeting earlier this month. While Perak welcome back their key players, Selangor coach P. Maniam has to protect his side's lead without the suspended Bunyamin Umar who was sent off in the first leg for collecting two yellow cards. Maniam, however, does not believe Bunyamin's absence will affect his side with Hardi Jaafar more than capable of filling the defensive midfielder's role. Full content generated by Get Full RSS.

Tennis / Shanghai Masters: Murray lives to fight another day Posted: 13 Oct 2011 11:42 AM PDT Juan Carlos Ferrero lies on the court after missing a shot and falling in his third round match against David Ferrer at the Shanghai Masters yesterday. Ferrer won 1-6, 7-5, 6-2 — AFP picture SHANGHAI: Defending champion Andy Murray survived a testing encounter with Stanislas Wawrinka to reach the quarter-finals of the Shanghai Masters yesterday as David Ferrer saved three match points to progress. Second seed Murray, on a red-hot run of form of 21 wins from 22 matches coming into the clash against the Swiss 13th seed, won 6-4, 3-6, 6-3 under the roof at the Qi Zhong Stadium. The British player looked set for a straightforward victory after taking the first set but cut a frustrated figure as he conceded a break of serve in the second set as Wawrinka levelled the match with an ace. Murray raced into a 5-0 lead in the decider as Wawrinka was warned by the umpire after smashing his racquet but despite a late wobble, he closed out the match and remains on course for a title clash against top seed Rafael Nadal. Earlier, Spain's Ferrer edged into the last eight when he beat injured Juan Carlos Ferrero. Third seed Ferrer won the all-Spanish tie 1-6, 7-5, 6-2 after a major fright in the 10th game of the second set, when he was forced to dig deep to hold serve and prevent Ferrero from sealing the win. The win for Ferrer means he becomes the fifth player to qualify for the season-ending ATP World Tour Finals, featuring the world's top eight singles players over the year. "I served very well in important moments," said the Spaniard, referring to how he saved the match points. Speaking about qualifying for the season-ending showpiece, Ferrer said: "I think this season I have played really good tennis. I am very consistent. Maybe it is my best year of my career. I think so." Injury-cursed Ferrero had strapping applied to his right ankle midway through the second set after a nasty tumble and although he recovered to force the match points, his challenge faded in the third set. American 10th seed Andy Roddick reached the last eight after an impressive 6-3, 6-4 win over Nicolas Almagro, seeded seven, of Spain. Roddick secured a single break in each set, wrapping up victory with his 11th ace in a controlled display that saw him make just 14 unforced errors. Ukrainian 12th seed Alexandr Dolgopolov also reached the quarter-finals, beating Australian teenager Bernard Tomic while Japan's Kei Nishikori triumphed over Santiago Giraldo of Colombia. l LONDON: Rafael Nadal will miss next year's Wimbledon warm-up event at Queen's Club and instead play at Halle in Germany, media reports said yesterday. Nadal won Queen's in 2008 but will instead head for German grass, with the BBC reporting that the Spaniard's switch is linked to tax reasons but also the offer of a large appearance fee in Halle, his rival Roger Federer's own preferred Wimbledon tune-up. Under British tax legislation, sports stars must pay a portion of tax on their worldwide endorsements, the proportion determined by how much time they compete in a year in Britain. They must also pay around half of their appearance fee. The British tax ruling also was a factor in sprint Olympic champion Usain Bolt skipping the London Diamond League meeting last year. Reports said Nadal had been offered around E1 million (RM4.3 million) to play in Halle. Queen's tournament director, Chris Kermode, says he hopes Nadal will return soon to the event. -- AFP Full content generated by Get Full RSS.

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GOLDEN OLDIES Posted: 12 Oct 2011 09:13 AM PDT 2011/10/12 By Syed Abdullah Syed Mohamed Johor Senior Citizens Association members and their families enjoyed themselves during the association's eighth annual family day Over 150 Johor Senior Citizens Association members and their families had great fun at the association's eighth annual family day, held recently at Hutan Bandar in Jalan Tasek Utara. They played childhood games like the fishball-and-spoon relay and took part in a jogathon. The participants arrived as early as 6.30am to sign up for activities such as the Modenas rim race, pass the parcel, baby elephant walk, flour-blowing relay and laughter yoga. Children were included in the fun in the colouring competition open to those aged five to 10. Stulang assemblyman Mok Chek Hou flagged off the 2km jogathon. Prior to that, Mok joined the members in a brief laughter yoga session led by JB Happy and Joyous club members. In his speech, Mok commended the association for organising a programme that was meaningful and fostered goodwill between members. He also stressed on the importance of being fit. "Regular exercise reduces the risks of falling ill," he said. Aishah Hamid and T. Parameswari, both 60, were in good spirits after crossing the finishing line of the jogathon. "I feel healthier for it. Jogging with friends is a fun experience," said Aishah who is the state welfare council secretary. Parameswari, who signed up as an association member six months ago, said she would participate in all the programmes the association organised. Heng Kok Kai drew the most attention at the race as its oldest participant The gritty 97-year-old come up ninth behind eight contestants who were at least 30 years his junior. His secret formula for staying healthy and alert was happiness and a good diet -- both to be applied at all times. The Modenas rim race had participants push a motorbike rim along with the aid of a stick for about 75m. The race was won by 53-year-old Lim Tuan Cheat. Zohdan Omar's team won the "baby elephant walk" by covering 100 metres in 15 minutes. "We practised consistently a week prior to the race and we made sure to only have a light breakfast today," said 72-year-old former secondary school principal who led the team. Kempas assemblyman Datuk Osman Sapian launched the event. Also present were state welfare council vice chairman Mohamad Abdul Jalal and the association organising chairman Soon Boon Keng. Full content generated by Get Full RSS.

Longing for the good old 'kapchai' days Posted: 12 Oct 2011 07:22 AM PDT 2011/10/12 by Wazi Abdul Hamid AS a former motorcycle racer, I hold a high regard for Johor racers as the state has had many successful racers in motorsports at the national level. The early 1990s saw many races in the state, and most of us racers would look forward to perform our best. I started my racing career in my home state of Perak when I was still in my late teens. I later made it to the national circuits by successfully racing in the cub prix series. The cub prix (kapchai or underbone bikes) races were popular back in the 1990s, and most Johoreans tend to dominate the races at that time. The regional racing circuit in Pasir Gudang, now known as the Johor Circuit, was important as the region's best motorcycle and car racers once battled it out on its tarmac some 20 years ago. At that time, the Johor Motorsports Club (JMC) was among the most active state-level sanctioning motorsports clubs. It constantly organised big race events in Johor, and were also regular participants in national events in other states. It taught me that in order to do well as a club owner and organiser, one must be active at the grassroots-level to promote the sport actively. Despite not actively competing as a racer anymore, I am still very much in touch with most of the motorcycle race teams, and also the Suzuki Racing Team which was known as the Hi-Rev Suzuki Team when I was racing with them in the 1990s. That's how I receive feedback on the current state of the cub prix scene. My friend and former racer Shahrul Yuzy Ahmad Zaini is retired, but acts as a team manager for a cub prix team and will explain any new developments in the sport to me. Obviously, things are different now as there are many developments in the field of motorsports, especially motorcycle racing, as the demand is for less polluting emissions such as four-stroke machines. However, since the mid- to late 2000s, JMC has not been active. This has resulted in a lack of Johor-born talents who make it to the top-level kapchai and car races. Johor had potential in motorsports in the late 1980s and 1990s, as I had many memorable wins in the state, especially at the Pasir Gudang circuit. I still remember my first kapchai race in the state that was held in Batu Pahat in 1990. Following this, I raced in Johor at least once a year for the cub prix and other race events that were held there for the next decade. Of late, I feel that Johor as a state is not that active in organising racing events as before. Even Malacca, which was once not even listed in the annual motorsports calendar, is now on many race organisers' agenda as its state government has been aggressively promoting the state as a destination for such events. Personally, I feel that Johor can still rise again to be back in the motorsports scene with support from the state government and various state-based motorsports clubs. Wazi Abdul Hamid, 41, is a veteran motorcycle racing champion and the undisputed Malaysian Kapchai King. He is still active in the motorcycle scene and divides his time between family and his beloved sport. He is also a motorcycle safety consultant to schools and government agencies. Interview by Ben Tan Full content generated by Get Full RSS.

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'Do not react to provocation' Posted: 12 Oct 2011 10:37 PM PDT JAKARTA: Malaysian students in Indonesia have been advised not to react to provocation over a boundary issue involving the two countries. Education Malaysia (formerly Malaysian Students Department) in Indonesia, which issued the advice, said it is aimed at preventing any aggravation of the situation. The education attaché at the Malaysian Embassy in Jakarta, Ludinata Misnun, has assured parents of students that Education Malaysia, in collaboration with the embassy, was monitoring the safety and welfare of all Malaysian students. He said Malaysian students in Indonesia have been reminded not to respond to any provocation, and to leave home in groups and return before midnight. "We have received complaints from medical students who are undergoing training in hospitals that they were provoked by some doctors and nurses while other students were tormented by their lecturers," he said. The issue emanated over a claim that Malaysia has seized 1,000ha of land belonging to Indonesia along the Malaysia-Indonesia border in West Kalimantan. The Indonesian Parliament's defence and foreign affairs commission deputy head Maj Gen (Rtd) T.B. Hasanuddin told the media on Saturday that Indonesia had lost 1,490ha in Camar Bulan to Malaysia and that the country's sea boundary in Tanjung Datu waters had moved 800 metres in favour of Kuala Lumpur. Several Indonesian Cabinet ministers have rejected the lawmaker's claim that Malaysia had "illegally taken over" more than 1,000ha of Indonesian land in northern Kalimantan. In Kuala Lumpur, Malaysian Foreign Minister Datuk Seri Anifah Aman and his Indonesian counterpart Dr Marty Natalegawa said after the 11th Joint Commission for Bilateral Commission Cooperation Meeting on Tuesday that the border markers at the Kalimantan border, removed either by mischievous individuals or natural disasters, could easily be replaced by their joint survey teams. However, agitated by media reports, some 650 supporters of the so-called Batavia Rempug Forum yesterday protested outside the Malaysian Embassy in Jakarta, and stones, wood and bamboo thrown at the building shattered a glass panel at the guard post. The Indonesian police had to fire tear gas to quell the unruly demonstration and several policemen were said to have been slightly injured by hard objects hurled by the protestors. -- BERNAMA Full content generated by Get Full RSS.

PM calls for global green body Posted: 12 Oct 2011 06:19 PM PDT 2011/10/13 By Rozanna Latiff news@nst.com.my KUALA LUMPUR: Malaysia has called for the creation of a World Environment Organisation (WEO) to anchor global efforts to protect the environment. Prime Minister Datuk Seri Najib Razak said yesterday existing systems to address the challenges of environmental sustainability had become too complicated, preventing countries, especially developing ones, from participating effectively. "Between 1992 and 2007, the 18 major multilateral environmental agreements alone convened some 540 meetings, which produced more than 5,000 decisions that countries are supposed to act upon through national efforts. "The only countries that can comply with the system are the richest countries, while developing nations have become disenfranchised," he said at the opening of the first preparatory meeting, world congress on justice, governance and law for environmental sustainability here. His speech was read by Minister in the Prime Minister's Department Datuk Seri Mohamed Nazri Abdul Aziz. Najib said a body like the WEO could facilitate the participation of developing countries in a more realistic and meaningful way. "Unlike the World Trade Organisation, which is regulatory and sets standards, the proposed environmental body should be consultative and facilitative to assist countries to meet global commitments derived from mutual agreements." The two-day meeting, organised by the United Nations Environment Programme, was attended by 34 judges and legal experts from 19 countries to discuss and exchange ideas on the world's law, justice and governance systems, and environmental sustainability. The meeting serves as a lead-up to the world congress on justice, governance and law for environmental sustainability to be held from June 1- 3 next year in Rio de Janeiro, Brazil, just before the United Nations conference on sustainable development (UNCSD 2012 -- the Rio+20 Conference). Najib said the congress provided a timely opportunity to examine and decide on the implementation of contemporary norms and principles of justice, governance and law in the area of environmental sustainability. "The congress is a unique opportunity to engage in the Rio+20 debates on governance and to become an active participant, especially for developing countries, with proposals matching our needs for development. "This preparatory meeting is particularly important because it will give (us) the chance to lay the foundations for the deliberations that will be made." UNEP environmental law and conventions division director Dr Bakary Kante said Najib's call for a WEO was a major statement of leadership. "To my knowledge, this is the first time a leader has taken the advanced and progressive position in calling for a World Environment Organisation. "The prime minister has understood how important environmental protection is for the future of this country and the world." Full content generated by Get Full RSS.

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Banting murders: Accused failed to show up Posted: 12 Oct 2011 11:00 PM PDT KLANG: Accused N. Pathmanabhan was supposed to meet a friend the night Datuk Sosilawati Lawiya and three others were allegedly murdered but had failed to show up due to "some incomplete work". His friend, Mohamad Jamil Mohamad Hassan, 79, said they were supposed to meet up for dinner but Pathmanabhan said he could not make it. He told the High Court that Pathmanabhan only came to see him in Subang Jaya at 10pm on Aug 30. Jamil, a former ACP from Bukit Aman, added that Pathmanbhan is a Datuk, and was awarded the title from Sultan of Kelantan. Earlier, judge Datuk Akhtar Tahir ruled the police statement allegedly made by K. Sarawanan would not be allowed to be used for impeachment proceedings by the prosecution. Full content generated by Get Full RSS.

Strong earthquake hits Bali Posted: 12 Oct 2011 09:42 PM PDT KUALA LUMPUR: A strong earthquake, measuring 6.1 on the Richter scale, hit Bali island in Indonesia this morning, the Malaysian Meteorological Department said. It said in a statement that the quake, which occurred at 11.16 am, struck the south of the island, 154km southwest of Denpasar and 1,350km southeast of Kuching, Sarawak. -- BERNAMA Full content generated by Get Full RSS.

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<b>2 - 0</b> Posted: 14 Mar 2011 10:28 AM PDT 2010/11/04 Joniston Bangkuai, Patrick Sennyah and Sajahan Waheed news@nst.com.my KUALA LUMPUR: Substantive swings produced two key by-election victories for the Barisan Nasional tonight. BN has now won three of the four of by-elections this year, losing Sibu by 398 votes. In Kelantan, BN wrested the Galas State seat from Pas by a majority of 1,190 - improving its near-victory in the July 2009 Manik Urai by-election when the coalition lost by 65 votes. BN shall now look to repeat the kind of performance it produced in the 2004 general election when it won 21 state seats in Kelantan. As for now, Galas brings its state seats to 7 in a 45-seat Legislative Assembly. The Galas by-election was called following the death of Pas' Che Hashim Sulaima, 46, on Sept 27 from colon cancer. Che Sulaima had defeated BN's Mohd Saufi Deraman by a 646 vote-majority in the March 2008 general election. In the 2004 general election, Che Hashim had lost to Mohamad Saufi, by 1,729 votes. Significantly for Kelantan politics, the Galas battle had been billed as contest between BN's Tengku Razaleigh Hamzah and Datuk Nik Aziz Nik Mat, the Kelantan Menteri Besar and Pas spiritual leader. Analysts had said that a Pas defeat would be seen as a sign of Nik Aziz losing grip. He is 79 and had been Menteri Besar since 1990. "The face to face interaction adopted by BN has worked..this is a indicator of how BN can change," Prof Dr Sivamurugan Pandian of Universiti Sains Malaysia told the New Straits Times tonight. Pas had during the campaigning mocked Abdul Aziz Yusoff, the BN candidate for his lack of qualification. Dr Zulkefli Mohamed of Pas now has to his name three unsuccessful attempts to win seats in the Gua Musang area. The results of the nation's 12th by election since March 2008 were announced by returning officer Wan Mustapa Abdul Hamid at the Gua Musang Civic Centre here tonight. Many of Chinese voters in Galas had returned to BN, according to preliminary analysis of the results. Pas lost in Kampung Baru, which is a Chinese majority area by 41 votes. It garnered more than 200 over votes there in the general election. The BN election machinery which was led by Tengku Razaleigh, the Gua Musang MP, had adopted a new campaign strategy this time where they focused on a more personal approach as opposed to big scale ceramah and large entourages. Election Commission deputy chairman, Datuk Wan Ahmad Wan Omar said voter turnout was 82.71 per cent or 9,555 of the total 11,553 voters in the constituency, compared to a 80.57 per cent turnout in 2008. In Batu Sapi, the choice of a woman as a candidate and the joint-leadership of Datuk Seri Musa Aman and Tan Sri Joseph Pairin Kitingan of Parti Bersatu Sabah had contributed to the increase of majority from 3,708 (2008 general election) to 6,359, analysts said. "My husband is watching me now and I think he is proud of me," said the BN candidate, Datin Linda Tsen Thau Lin. Tsen's husband Datuk Edmund Chong was the late parliamentarian of Batu Sapi. His death on Oct 9 had led to the by-election. Full content generated by Get Full RSS.

UiTM student posts highest score in accounting course Posted: 10 Mar 2011 03:55 PM PST 2010/12/23 By Hanif Miswan SHAH ALAM: Few Malaysians can stake claim to being the best in the world, Universiti Teknologi MARA (UiTM) student Khalid Kamarulzaman is one of them. He was acclaimed the 'World's Best CAT Graduate' in the Certified Accounting Technician (CAT) programme. The results were announced in October. The 19-year-old Faculty of Accountancy student scored the highest aggregate of 474 marks or an average of almost 95 per cent, for five advanced CAT papers. CAT is an international qualification offered by the Association of Chartered Certified Accountants (ACCA), the global body for professional accountants headquartered in the United Kingdom. The qualification provides the graduate with the necessary knowledge and skills in Finance and Accounting to perform an accounting-support role. It is also designed to fast-track students towards a full-fledged career in accountancy. Khalid achieved a perfect score in Drafting Financial Statements (T6) and came close in Managing People and Systems (T5) with 98 per cent. His marks in these two papers were the highest in the world. He also posted 97 per cent for Planning - Control and Performance Management (T7), 90 per cent for Preparing Taxation Computations (T9) and 89 per cent for Managing Finances (T10). "It was important for me to shine in this programme as it has placed me on the right path to achieving my dreams so I can help my less fortunate family," said Khalid in an interview with Varsity Voice on Nov 21. Although he expected to pass the CAT exams with flying colours, the outstanding results were "...a dream come true, and a tribute to my love for mathematics and numbers". The third son in a family of nine siblings from Hulu Langat, Selangor, Khalid has now set his sights on completing another 11 courses in the ACCA programme to become a chartered certified accountant. "CAT is only the first step. I intend to do just as well in the ACCA examination before gaining work experience and eventually opening up my own accountancy practice." "For now, I must be careful not to get too carried away as there is still a lot to learn and a long way to go before I can fulfill my aspirations," he added. The CAT programme was first offered by the faculty in 2002 to SPM graduates who had at least five credits, inclusive of Mathematics, Malay and English. Khalid was recognised as a top student during the Faculty's Excellence Day on Oct 6, during which he received an award from UiTM's Vice Chancellor Datuk Professor Dr Sahol Hamid Abu Bakar. (Ed: This article first appeared in Varsity Voice, a monthly publication jointly produced by the New Straits Times and Universiti Teknoogi MARA (UiTM) under the newspaper's Journalism on Campus project.) Full content generated by Get Full RSS.

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Sportcheck: Fake tickets, real fans Posted: 12 Oct 2011 05:32 PM PDT A suspected fake ticket that was sold to a fan for the terengganu-Kelantan match in Kuala terengganu on Monday. Are fake Malaysia cup tickets being sold to fans as the tournament reached the quarter-final stage? More than 100 Kelantan fans were refused entry into the Sultan Ismail Nasiruddin Shah Stadium in Kuala terengganu on Monday because they were alleged to be holders of the imitation tickets. terengganu FA (tFA) deputy president Shaikh tajuddin Shaikh Ahmad Yusof said: "I have been told that the tickets were not genuine and were not purchased legally." the FA of Malaysia has told the tFA to investigate the incident and lodge an official complaint. Meanwhile, Kota baru red Warriors club president Wan Zaini Wan Zain has warned terengganu fans to go at their own peril to the Sultan Mohamad IV Stadium tomorrow for the Malaysia cup return leg. He said the stadium would be bristling with more than 20,000 angry and bitter Kelantan fans who want to "see justice done" for their team's 3-1 loss in the firstleg in Kuala terengganu. Full content generated by Get Full RSS.

Tennis / Shanghai Masters: Tsonga shocked, Nadal through Posted: 12 Oct 2011 05:12 PM PDT SHANGHAI: Big-serving Jo-Wilfried Tsonga crashed out of the Shanghai Masters yesterday, losing 7-6 (1-7), 4-6, 4-6 to Japan's Kei Nishikori but top seed Rafael Nadal eased through to the third round. Tsonga, the fourth seed, appeared to be on his way to a straightforward victory when he stepped up the intensity of his game to seal the first set tie-break with the loss of just one point. But World No 47 Nishikori, who needed courtside treatment on his back, broke twice in the second set, levelling the match when the Frenchman netted with a forehand. Nishikori, who has a poor record against top 10 players, produced two more breaks in the deciding set, taking advantage of an errorstrewn performance by Tsonga and sealing the win on his third match point. The defeat puts a serious dent in the Frenchman's bid to reach next month's ATP World Tour Finals. He came into the Shanghai Masters in eighth place in the race to reach the showpiece, featuring the top eight players of the year. "Of course I'm disappointed because I lost. But today I had a good opponent," said Tsonga. "He was really good. Even if maybe I didn't play with a lot of energy, I played good tennis. And today my opponent was just better than me." In his first match of the tournament after a first-round bye given to the top eight seeds, World No 2 Nadal, bidding for his 20th Masters title, beat fellow Spaniard Guillermo Garcia- Lopez 6-3, 6-2. Second seed Andy Murray had a walkover into the third round after Dmitry Tursunov of Russia withdrew from their second round match with a right thigh injury. Spain's third seed David Ferrer came out on top 7-5, 7-6 (9-7) in his second round clash with Canada's Milos Raonic and Czech player Tomas Berdych beat compatriot Radek Stepanek 6-4, 6- 3. Earlier, Juan Carlos Ferrero came from a set down in an all-Spanish tie to oust 16th seed Fernando Verdasco 4-6, 6-3, 6-2, breaking six times during a match lasting a little over two hour s. There was also a win for 12th seed Alexandr Dolgopolov of Ukraine, who overcame Spain's Albert Ramos 5-7, 6-3, 6-2. Austr ia's 14th seed Jurgen Melzer lost in three sets to Colombia's Santiago Giraldo while Australia's Matthew Ebden beat America's Ryan Harrison in straight sets. World No 1 Novak Djokovic, Nadal, Roger Federer and Murray have already qualified for the year-ending ATP finals. — AFP Full content generated by Get Full RSS.

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Malaysia may miss GDP growth forecast:MIER Posted: 12 Oct 2011 07:12 PM PDT Malaysian growth may miss government forecasts this year as a weakening global economy hurts exports, the Malaysian Institute of Economic Research said. The partly government-funded institute today cut its 2011 estimate for gross domestic product expansion to 4.6 percent from 5.2 percent. That's below a range of 5 percent to 5.5 percent forecast by the Ministry of Finance last week. "Increasing global uncertainties from the euro zone is expected to dent the economic outlook in the U.S. and China, leading to weaker exports growth in Malaysia," MIER said in a report today. Any return to recession for the global economy would damage Malaysia's recovery, after GDP expanded the most in a decade last year. A recent pick-up in exports may be short-lived as risks from a faltering U.S. economy and the European debt crisis damp global demand and capital spending, hurting growth in Asian nations. Overseas shipments climbed 10.9 percent in August, the fastest pace in four months, on higher sales of commodities. GDP may expand 5 percent in 2012, MIER said, cutting its earlier 5.5 percent forecast. This is within the government's projected growth range of between 5 percent and 6 percent. Inflation will average 3.1 percent this year, before easing to 2.7 percent in 2012 as global commodity prices drop with worldwide growth, the institute said. Central bank monetary policy is expected to stay "fairly accommodative" to support growth, said MIER. Its benchmark overnight policy rate will remain at 3 percent for this year and next, with a downward bias should domestic demand wane, it said. The ringgit will average 3.20 against the dollar this year, before appreciating to 3.10 in 2012, according to report. -- Bloomberg Full content generated by Get Full RSS.

YTL Power raised to 'buy', stock climbs Posted: 12 Oct 2011 07:14 PM PDT YTL Power International Bhd rose to a two-week high in Kuala Lumpur trading after the stock was upgraded at Maybank Investment Bank Bhd, which cited its "attractive" valuation. The stock climbed 1.8 percent to RM1.72 at 10:06 a.m. local time, set for its highest close since Sept. 29. YTL Power was raised to "buy" from "hold," Maybank Investment said in a report today. -- Bloomberg Full content generated by Get Full RSS.

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