Viagra laced fruit juices flowing in Malaysia!

Kuala Lumpur, Sept 14 (ANI): After being detected in coffee mixtures and sweets, Viagra has now been found in fruit juices.

After raiding more than 30 retailers and distributors dealing in the fruit juice, enforcement officers from the Health Ministry in Malaysia seized several hundred thousand ringgit worth of the product.

This followed after the ministry sent samples of the product for tests which confirmed the presence of sildenafil, reports The New Straits Times Online.

Sildenafil citrate, sold as Viagra, Revatio and various other trade names, is a drug used to treat erectile dysfunction.

According to a Health Ministry source, this was the first time they had encountered a case where sildenafil had been mixed with fruit juices.

The mixture is potent and deadly to people suffering from heart disease and high blood pressure.

“It was brought to our attention after several people complained to the ministry about the suspicious fruit juice,” the source said.

“The producer and distributor had claimed that the fruit juice had been produced from selected natural herbs which could improve sexual performance of men and women,” the source added.

Following test results, investigations were conducted to identify retailers and distributors involved in selling the fruit juice.

“More than 30 simultaneous raids were carried out nationwide. Officers were also concerned that the retailers and distributors would hide their stocks as the product had also been sold via direct selling,” the source said.

“At the raid at the company’s headquarters in Subang Jaya, three marketing officers and the store caretaker were questioned by authorities,” the source added.

Investigations revealed that the fruit juice had been in the local market for the past six months and had received good response from consumers.

The consumer needs to mix the powder with water before drinking. (ANI)

Malaysian envoy asks countrymen to take care on Indian roads

New Delhi, Sep 2 (ANI): Malaysian High Commissioner to India has advised his fellow countrymen to take extra precaution as the spate of fatal Indian road accidents involving them is worrying.

High Commissioner Tan Seng Sung said recent accidents, where Malaysians lost their lives showed that travellers need to be more careful when planning their travel to India.

“They must hire proper drivers and have their travel insurance ready when making trips to India,” Tan said on the sidelines of Malaysia’s 52nd National Day celebration in Delhi on Monday.

Over 200 guests, including foreign diplomats, Indian officials and Malaysians attended the event hosted by the High Commission at a hotel here.

The envoy’s comments came in the wake of a recent accident in Leh, in the Kashmir region, where three Malaysian women were killed while another is still missing after their vehicle toppled into a ravine.

Another woman, who is part of the Malaysian entourage on the trip suffered severe injuries and is still recuperating in a hospital here, The NST Online reported.

In April this year, a van ferrying a group of Malaysian pilgrims to Haridwar, a Hindu holy site, collided with another vehicle, killing the tour guide and his assistant.

Two Malaysian women, who were injured in that accident, later died in a hospital in Delhi.

A month later, two sisters, one a journalist of the New Straits Times, were badly injured when the taxi they hired rammed into an oncoming car. (ANI)

MIC president claims money politics creeping into party

Kuala Lumpur (Malaysia), Aug 18(ANI): Malaysian Indian Congress party president Datuk Seri S. Samy Vellu has claimed that certain members of the party were indulging in money politics, which was now creeping into the party.

Vellu said this before announcing the results of the MIC Youth and Wanita polls on Sunday, where 500 delegates were present.

“We will clean this up. We will chop them off (remove from the party) whoever they are,” The New Straits Times quoted Vellu, as saying.

Though Vellu didn’t mention any name in particular, he said that party has identified the culprits and would take action against them.

He also informed that the procedure being adopted was to approach delegates at the division level and persuade them to vote for a particular candidate in return for huge sums of money.They are willing to spend thousands of ringgit for each and every vote,” said Vellu. (ANI)

Now, take your pick with baby sex selection method in Malaysia

Kuala Lumpur, August 9 (ANI): Companies in Malaysia are openly offering couples with baby sex selection methods, saying the procedures to have the desired gender are entirely “natural”.

“Choice Baby” offers to prepare a conception chart based on the analysis of data taken from selective parents like their blood type, date of birth and other personal information.

Jennifer Chin, the company ‘s sales manager, said the demand for gender selection had shot up over the years and her company enrolled more than 30 clients per month

“The gender chart will show the favourable days to attempt conception,” the New Straits Times Online quoted her as saying.

She added: “For those with two or three boys and want a girl or viceversa, this is an opportunity to get what they desire.”

However, certain religious groups and spiritual leaders have raised objections over the practice saying it interferes with the working of God.

Hindu Sangam president Datuk A. Vaithilingam said: “Whether it is using technology or natural methods, early identification and elimination are against nature. It’s not in line with the way of life. Gender selection can lead to unnecessary calamities, like gender problems.”

Harcharan Singh, vicepresident of the Malaysian Consultative Council of Buddhism, Christianity, Hinduism and Sikhism, said: “It is God who creates, so this practice is clearly against the order of nature”. (ANI)

MIC polls attracts an overwhelming number of candidates

Kuala Lumpur, July 14 (ANI): The Malaysian Indian Congress polls are shaping up to be one of the most intense elections held, as the number of candidates contending for various posts has surpassed the number of contestants in previous years.

According to party sources, the September contest for the 23-seat central working committee is expected to attract an overwhelming number of candidates.

“It will see more than 100 people contesting this time around,” said a senior party member,” The News Straits Times quoted a senior party, as saying.

It is predicted by party leaders that around 50 contestants would be from Kuala Lumpur and Selangor.

An MIC observer highlighted that there could be two reasons for the increased number of candidates, one was that the party was still significant and thus attracting more contestants.

“On the other hand, it can also be read that the party leadership is losing its ability to rein in members,” he added.

The three vice-presidents’ post is also likely to see a major increase from the current number of 13 candidates.

Last time around, in the 2006 elections, 63 candidates had contested for 27 posts at different levels. And 52 candidates, including six women, had contended for the Congress Working Committee seats. (ANI)

BSE crosses 15,000 points ahead of budget presentation

New Delhi, July 6 (ANI): Bombay Stock Exchange (BSE) crossed 15,000 points on Monday as investors built positions ahead of presentation of general budget.

Following the trends of the BSE the National Stock Exchange (NSE) also gained 14 points on the opening day.

Infrastructure stocks were in the limelight on Bombay Stock Exchange (BSE) expecting the budget would offer sops to the infrastructure sector.

BSE’s Sensex was trading at 14989, higher by 76 points while National Stock Exchange’s (NSE) Nifty climbed 14 points to 4435.45.

The budget is expected to allocate more to water, power, rural employment, and defense sectors. Export sector, especially the textiles and jewellery is expected to get a package from this budget. There will be more deduction for housing and taxable income levels may be raised.

Other Asian stock markets declined as commodity prices suffered. The Nikkei was down 1.44 per cent, Topix lost 0.92 per cent, Hang Seng fell 0.77 per cent and Straits Times shed 0.78 per cent. (ANI)

Malaysian kung fu master punctures coconut with index finger

p
Kuala Lumpur, June 22 (ANI): A Malaysian Kung Fu expert has entered record books after puncturing four young unhusked coconuts with his index finger in 30.81 seconds.
/p
p
Ho Eng Hui, 55, got into the Malaysia Book of Records by piercing three young coconuts within one minute, but managed to add one more to strengthen his record-breaking feat./pp
This is not an illusion or black magic. I am able to do this after mastering the Chinese martial art technique of using the strength of my finger, from a martial arts master in Singapore, New Straits-Times Online quoted Hui as saying./pp
It is only done by a proper breathing technique and drinking a lot of warm water. Concentration and also focusing all my inner energy to my finger is necessary, he added. (ANI)/p

Malay Indian body asks govt. not to support Lanka’s ‘non-interference’ draft

Kuala Lumpur, May 24 (ANI): Malaysian Indian Congress (MIC) president Seri S. Samy Vellu has said the Malaysian government should not support a draft resolution put forth by Sri Lanka at the United Nations.

The draft tabled by Sri Lanka calls the member nations not to interfere in its internal matters.

“Tamils in Malaysia constitute 1.4 million of 1.8 million Indians in the country. As such, their feelings have to be respected. There has to be a war tribunal in Sri Lanka to bring those people who perpetrated crimes against the Tamil community in their war against the Liberation Tigers of Tamil Eelam,” The New Straits Times quoted Vellu, as saying.

According to reports, Malaysia was among the few countries which backed the Sri Lanka’s non-interference policy.

The draft is being backed by 12 countries such as India, China, Pakistan, Bahrain, Bolivia, Cuba, Egypt, Indonesia, Malaysia, Nicaragua, the Philippines and Saudi Arabia.

Earlier, the UN High Commissioner for Human Rights, Navi Pillay supported the calls West countries for an independent inquiry into possible war crimes.

Pillay had said that the small region might have become a ‘killing field’.

However, amid severe criticism, Sri Lanka decided to table its draft before the UN Human Rights Council stating the ‘principle of non-interference’ in internal matters and respect for its sovereignty, territorial integrity and independence. (ANI)

Semen stains nail Malay dad raping daughter for 4 years since age 12

Kuala Lumpur, May 8 (ANI): Ordeal of a 16-year-old Malay girl at the hands of her father emerged when her mother spotted stains of semen on her daughter’s bed and tracksuit.

The chef mum, 49, then inspected her husband’s pants in their bedroom at their flat in Paroi and found similar stains.

After the horrifying finding, on March 8, the mum confronted her daughter who confessed that her 52-year-old father had repeatedly raped her since she was 12 years old.

According to the victim, her father had been raping her even when they were staying in Kuala Pilah before they moved to the flat in Paroi.

Later a report was lodged at the Seremban 2 police station on April 8, and the girl, accompanied by her mother, was sent to the Seremban Hospital for medical examination.

The suspect was detained for questioning on Monday.

District police chief Assistant Commissioner Saiful Azly Kamaruddin said if not for the mother, the victim would have continued to suffer in silence.

“The mother’s actions led police to detain the suspect, a lorry driver, who is being held for questioning till May 10. All this while, the child told us that she was forced to keep the secret after being threatened by the suspect,” the New Straits Times Online quoted him, as saying. (ANI)

Sensex at seven month high, crosses 12K mark

Mumbai, May 4 (ANI): The Bombay Stock Exchange Benchmark Sensex crossed the 12,000 mark today for the first time since October.

At 10:34 a.m, the 30-share index, which had gained 401.50 points in the previous trading session, added another 521.93 points at 11,925.18.

BSE Midcap Index was up by 3.43 per cent and BSE Smallcap Index moved 3.08 percent higher.

Amongst the sectoral indices, BSE Metal Index was up by 7.14 per cent, BSE IT Index gained 5.78 per cent and BSE Bankex moved 5.52 per cent higher. BSE Healthcare Index also gained 1.42 per cent.

The rise in the index was attributed to brisk buying by funds in blue-chip shares in the early trade.

Likewise, the National Stock Exchange’s Nifty went up by 148.50 points to touch a seven-month high of 3,622.45 points.

Biggest Sensex gainers were Sterlite Industries (11.72 percent), Mahindra and Mahindra (9.63 percent), HDFC (9.58 percent), Hindalco Industries (9.1 percent) and Tata Steel (8.84 percent).

There were no losers in the 30-share index.

Meanwhile, shares across the Asia-Pacific region were also on the rise.

Hong Kong’s Hang Seng gained 4.68 per cent, Singapore’s Straits Times rose by 4.59 per cent and China’s Shanghai Composite rose by 3.28 per cent. (ANI)

Singapore man gets five years in jail for bomb hoaxes

Singapore – A Singapore court Monday sentenced a man who masqueraded as an informant of al-Qaeda and sent bomb hoax and terrorist-related threats to five years in jail, media reports said. Josemaria Miguel Ye Yong Qiang, 40, sent a series of e-mails threatening bomb and rocket attacks on American and European airlines, the White House, Pentagon and US embassies between September 6 and 27 last year, the online edition of Straits Times newspaper reported.

Ye, who has degrees in political studies and business administration from British universities, was found to be suffering from a major depressive disorder at the time of the offences.

He claimed bad memories of living in the West for his crimes.

Ye went to internet cafes in Singapore and in Malaysia to send hoax e-mails using a fictitious name and ending them with “Long live al-Qaeda!”

On September 13 he sent a message to the Pentagon about crashing a plane in the next few days, causing the Pentagon to beef up its security measures, the report said.

Two days earlier, he had sent a hoax message to the White House on the seventh anniversary of the 9/11 incident, claiming that al-Qaeda would be launching rocket attacks on the White House to “mark the glorious events of 11th September.”

Following information from investigators in the US, police in Singapore carried out extensive inquiries which eventually led to Ye’s arrest.(dpa)

13-year-old Malay girl used as sex slave by father, brothers for 5 years

Kuala Lumpur, Apr 24 (ANI): Police have arrested a 13-year-old girl’s father and her two brothers after she claimed that she had been a sex slave to them for the last five years.

The Form One pupil confided in her teachers the trauma she had been subjected to at her home since she was 9 years old, reports New Straits Times Online.

Her teacher then took her to the police station where a report was lodged.

Police nabbed the father, aged 42, and sons, 15 and 17, at their home in Bukit Mertajam.

The girl, in her police report, claimed that her father and brother had been taking advantage of her since she was nine.

She claimed that she was nine-years-old when her father first raped her in a forest near her house.

Following that incident, she was paid between RM1 and RM2 by her father each time he sexually abused her.

The girl did not disclose this to her mother, who is a housewife, as she was afraid.

But decided to reveal all to her teacher, as she was afraid that her younger sisters, aged 7 and 9, would suffer the same fate.

State Criminal Investigation Department chief SAC II Wan Abdullah Tuanku Said said the girl was raped in her house and in a secondary forest in Berapit.

He confirmed the arrests, adding that the case was classified as rape and molest. (ANI)

Singapore police report increase in illegal immigrant boats

Singapore – Singapore police coast guards chased away 58 illegal immigrant boats from landing along the shores of the city state in the first three months of this year, more than double the 27 boats detected during the same period last year, according to a Straits Times report Friday.

The police coast guard commander, Assistant Commissioner of Police Teo Kian Teck, said the intruders resorted to dangerous manoeuvering in darkness when they wee being pursued.

The police caught 35 illegal immigrants during January-March 2009 compared with 46 a year ago.

Police also seized 8,100 cartons of contraband cigarettes from the intruders during the first three months compared with 4,620 cartons taken from such immigrants during the first quarter of last year.

Last year the police detected 245 suspicious vessels carrying illegal immigrants, an increase of 71 more vessels than in 2007. (dpa)

We won’t pullout from the government: Samy Vellu

Kuala Lumpur, April 17 (IANS) ‘No pullout, case closed’, said Malaysian Indian Congress (MIC) chief S. Samy Vellu while categorically rejecting speculation that his party wants to quit the Malaysian government.

Vellu met Prime Minister Najib Tun Razak Thursday to say that the sole cabinet minister and two junior ministers from the MIC be retained in the government.

S. Subramaniam is the human resource minister, while the two junior ministers are S. Devamani and M. Sarvanan.

He told the media after chairing the party’s central working committee meeting that the prime minister should consider a ‘senior’ ministry to be given to the MIC and the appointment of an MIC woman representative as deputy minister.

‘I told him this is my request. I leave it in his hands,’ New Straits Times quoted him as saying.

The MIC had said the party might withdraw from the government for being allotted a ‘junior’ ministry at the cabinet level, the report said.

Vellu said he did not seek the Works Ministry, which he held for long till he suffered a shock defeat in the election last year. He said he had merely asked for a senior ministry.

MIC has traditionally spoken for Malaysia’s two million-plus ethnic Indians and has been part of the government since the independence in 1957.

A bulk of the Indians came here during the British era. They form eight percent of Malaysia’s multi-ethnic population.

The prime minister, who took office April 4, has said the constituents of the ruling coalition Barisan Nasional were welcome to make suggestions, but the final decision about the parties’ representation, and the portfolios would be his.

Singapore awards rock cavern contract to Hyundai

Singapore – Singapore’s industrial development group JTC Corp on Thursday awarded an 890-million-Singapore-dollar (594 million US dollar) contract to South Korea’s Hyundai Engineering and Construction to build two rock caverns for storing oil on the western part of the island state.

JTC said the first two of the 132-metre-below-ground Jurong Rock Caverns would be completed by 2013.

The caverns would hold 1.47 million cubic metres of oil underground, according to a report by the Straits Times Thursday.

JTC was also to build three other caverns.

Singapore ranks among the world’s top petroleum refining centres and is a leading oil trading hub, for which increased storage space is being built under the Jurong Industrial island, freeing above ground industrial space for other developments.(dpa)

I will decide, Malaysian PM tells coalition partners

Kuala Lumpur, April 15 (IANS) Malaysian Prime Minister Najib Tun Razak has said Indian and Chinese partners in the ruling coalition were free to air their views on government-formation but he would be the one to decide.

Razak, who took office April 3, is scheduled to chair his first cabinet meeting Wednesday.

Razak was responding to demands by the Malaysian Indian Congress (MIC) for better representation and allocation of ‘senior’ portfolios and of the Malaysian Chinese Association (MCA) for the post of a second deputy prime Minister.

‘I am the one who will decide,’ Razak was quoted as saying by New Straits Times Wednesday.

Along with the United Malays National Organisation (UMNO), the MCA and the MIC are major partners of Barisan Nasional (BN) that has ruled the country since the independence in 1957.

Malaysia has majority Malays, 33 percent ethnic Chinese and eight percent Indians.

Three MIC nominees in the Razak government are Human Resource Development Minister S. Subramaniam and two junior ministers, M. Sarvanan and K. Devamani.

Media reports said Razak wants to begin his tenure by reviewing the controversial Internal Security Act (ISA).

‘We want it (review) to be done very soon. I will discuss this with the home minister. I have some ideas but I will have to discuss them with him first. Then, we will announce it when the time comes,’ Razak said.

Razak, on his first day as the country’s sixth prime minister, freed 13 ISA detainees and lifted the suspension of two opposition papers-Harakah and Suara Keadilan.

Those released include an Indian national with fake travel documents and two activists of the Hindu Rights Action Front (Hindraf).

Three more Hindraf activists, who staged a protest rally in November 2007, are still in jail under ISA. They are serving two-year terms.

Malaysian PM makes rotis on Baisakhi

Kuala Lumpur, April 15 (IANS) The Malaysian prime minister making rotis! That was exactly what Najib Tun Razak did when he visited a gurudwara here to greet the Sikh community on Baisakhi.

Razak also spoke of the need for harmony among various communities in multi-racial Malaysia, enunciated by his ’1Malaysia’ concept.

Razak, who visited the Gurdwara Sahib Tatt Khalsa Diwan in Chow Kit here for the first time, made his intention to visit the Sikh shrine known only late Tuesday.

He tried his hand at making roti which is an unleavened flatbread, much to the amusement and delight of the cooks, most of them women, New Straits Times said Wednesday.

‘I gave late notice as I did not want any pomp and pageantry. I did not want the red carpet, bunga mangga or kompang (with which a special guest is honoured).

‘I wanted to meet you in a natural way and take part in the daily activities so I can better understand the aspirations and hopes of the Sikh community and all communities.

‘I want to show very clearly that this government stands for all communities, races and religions,’ he said in a short speech to those present at the gurdwara.

The crowd cheered when he greeted them by saying, ‘Sat Sri Akal’ and ‘Happy Baisakhi Day’.

Razak took off his jacket to be more informal.

Malaysia has a 100,000 strong Sikh community that has done well in business and trade and professions like law. Many have joined public life and have been lawmakers.

Most Sikhs came here during the British era.

The community conducts many social services. Razak met with blood donors at a corner of the hall.

There was a line-up to shake hands with him and be photographed.

In his speech, the prime minister expressed his appreciation and recognition of the Sikh community’s contribution to the country’s development through the years.

‘We must break the race barrier. We should not look at skin colour but as one Malaysia. If one needs help, he should be helped. If we have that attitude, we will move forward,’ The Star quoted him as saying.

He also called on all Malaysians to help one another regardless of race or community to foster greater unity.

Pleasure cruise ends in tragedy for Indian couple

George Town (Penang), April 15 (IANS) An Indian couple’s pleasure cruise ended in tragedy when the man fell off the ship and his wife dived into the choppy sea in a failed rescue attempt.

Kasturi Shetty, 47, dived off the Star Cruise Virgo Monday to save her husband Noojady Nithyanand, 49, after the latter slipped on the deck and fell into the sea.

‘She is a good swimmer, but her husband is not. That is why she risked her life to save him,’ said Pranhakar Shetty, the husband’s cousin, who was also on the cruise.

Kasturi is still recovering from the trauma.

Her gutsy attempt proved futile as she was swept away from her husband by the undercurrent, New Straits Times reported from the capital of Penang.

Pranhakar said he and the couple left Bangalore last Tuesday for the cruise which set sail from Singapore.

The incident happened at 10.30 a.m. as the ship was headed towards Pulau Kendi.

Noojady lost his footing as he and his wife were strolling on the slippery deck, according to sources.

The husband’s body is yet to be found, the newspaper said.

Singapore Hot Stocks-Sembcorp Marine, SIA, Parkway in focus

SINGAPORE, April 15 (Reuters) – Oil-rig builder Sembcorp
Marine may be in focus on Wednesday after a large customer,
Petroprod, was placed under provisional liquidation. Petroprod
had placed orders worth over $500 million with the Singapore
firm, according to Business Times.

U.S. stocks fell on Tuesday as a surprising drop in retail
sales dented hopes the recession was abating, while financial
shares slid on fears that Goldman Sachs’ (GS.N) share offering
could prompt other banks to follow suit.
———————-MARKET SNAPSHOT @ 2359 GMT ————

INSTRUMENT LAST PCT CHG NET CHG
S and P 500 .SPX 841.5 -2.01% -17.230
USD/JPY 98.98 0.19% 0.190
10-YR US TSY YLD 2.7954 — 0.005
SPOT GOLD 888.1 -0.08% -0.750
US CRUDE CLc1 49.08 -0.67% -0.330
DOW JONES .DJI 7920.18 -1.71% -137.63
ASIA ADRS .BKAS 98.16 -1.95% -1.95
————————————————————- >
Weak retail sales, Goldman hit Wall St; eBay up late [.N] >
Dollar and yen gain on renewed safe-haven bid [USD/] >
Bonds climb on falling retail sales data [US/] >
Gold ends a tad lower but near-term strength seen [GOL/] >
Oil slips below $50 on demand, inventory forecasts [O/R]

Stocks and factors to watch:

— SEMBCORP MARINE (SCMN.SI)

– Sembcorp Marine said a large customer, Petroprod, has
been placed under provisional liquidation. J.P. Morgan said the
potential order-book cancellations may outweigh the positive
effect of a gas contract win by another Sembcorp unit, but kept
its “overweight” call on the rigbuilder. [ID:nSN4E51621]

— SINGAPORE AIRLINES (SIAL.SI)

– The world’s second-biggest airline by market value may
be in focus after Singapore and Malaysia agreed to expand their
bilateral air services agreement, which would give carriers of
both countries the right to operate between Singapore and six
new Malaysian destinations from June 1.

— PARKWAY HOLDINGS LTD (PARM.SI)

– The healthcare services provider said on Tuesday that
Chief Operating Officer Daniel Snyder had decided not to renew
his three-year job contract for personal reasons
[ID:nSN4E21031]

— SINGAPORE PRESS HOLDINGS (SPRM.SI)

– DBS Vickers downgraded Singapore Press Holdings (SPH) to
“hold” from “buy”, citing the 25 percent rise in the newspaper
publisher’s share price since the brokerage made its “buy”
call.

– LIAN BENGGROUP (LIBG.SI)

– The construction firm reported on Tuesday its net profit
rose 31 percent to S$11.4 million ($7.60 million) for the nine
months ended Feb 28, 2009 mainly on an increase in construction
activity. [ID:nSN4E91001]

– Singapore’s benchmark Straits Times Index .FTSTI rose
1.08 percent to 1,897.02 points on Tuesday.

– The Dow Jones Industrial Average .DJI fell 1.71 percent
to 7,920.18 points. The Nasdaq Composite Index .IXIC was down
1.67 percent to 1,625.72 points.
($1=1.501 Singapore Dollar)
(Reporting by Eveline Danubrata; Editing by Kevin Lim and
Muralikumar Anantharaman)

Singapore Hot Stocks-SembMarine slides on contract loss fears

SINGAPORE, April 15 (Reuters) – The benchmark Straits Times
Index .FTSTI was down 2.06 percent as of 0130 GMT on
Wednesday.

The following stocks were on the move:

** SEMBCORP MARINE FALLS ON ORDER CANCELLATION FEARS **

Shares of Sembcorp Marine (SembMarine) (SCMN.SI), the
world’s No. 2 oil-rig builder, fell as much as 9.4 percent on
Wednesday after it said a large customer had been placed under
provisional liquidation.

The customer, Cayman Islands-based PetroProd Ltd, had
placed orders worth over $500 million with the Singapore firm,
according to the Business Times.

Goldman Sachs reiterated on Wednesday its “conviction sell”
on SembMarine, citing the risks of order renegotiation and
cancellations. According to Goldman, PetroProd and related
firms account for nearly a quarter of the Singapore firm’s
order book.

Sembcorp Marine last traded at S$2.07, down 7.2 percent.
Rival Keppel Corp (KPLM.SI), the world’s largest rigbuilder,
fell 1.4 percent.

0130 GMT
(Reporting by Kevin Lim; Editing by Muralikumar
Anantharaman)