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Trust Co. of Vermont raised its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,932 shares of the computer hardware maker’s stock after purchasing an additional 18,948 shares during the quarter. NVIDIA makes up about 1.9% of Trust Co. of Vermont’s holdings, making the stock its 8th biggest holding. Trust Co. of Vermont’s holdings in NVIDIA were worth $38,488,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds have also added to or reduced their stakes in the company. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 2nd quarter valued at $25,000. DHJJ Financial Advisors Ltd. grew its position in shares of NVIDIA by 1,900.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock worth $25,000 after buying an additional 190 shares during the period. FPC Investment Advisory Inc. purchased a new stake in shares of NVIDIA in the 1st quarter worth about $26,000. CGC Financial Services LLC purchased a new stake in shares of NVIDIA in the 2nd quarter worth about $26,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of NVIDIA in the 1st quarter worth about $27,000. 65.27% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at NVIDIA In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $110.76, for a total value of $13,291,200.00. Following the transaction, the chief executive officer now owns 76,375,705 shares of the company’s stock, valued at $8,459,373,085.80. This represents a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the transaction, the insider now directly owns 492,409 shares in the company, valued at $57,370,572.59. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 2,156,270 shares of company stock valued at $254,784,327 in the last quarter. 4.23% of the stock is owned by insiders. Wall Street Analysts Forecast Growth Read Our Latest Research Report on NVIDIA NVIDIA Stock Performance NASDAQ:NVDA opened at $141.95 on Friday. The stock’s fifty day moving average is $134.01 and its 200 day moving average is $122.06. NVIDIA Co. has a fifty-two week low of $45.01 and a fifty-two week high of $152.89. The firm has a market capitalization of $3.48 trillion, a PE ratio of 66.58, a PEG ratio of 1.54 and a beta of 1.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.68 earnings per share for the current year. NVIDIA announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued. NVIDIA Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.88%. NVIDIA Profile ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. Featured Stories Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. ( NASDAQ:NVDA – Free Report ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .Capitals, finding their way without Alex Ovechkin, tangle with Devils
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Members of South Korea's opposition, which controls the National Assembly , have submitted a motion to impeach President Yoon Suk Yeol after his ill-fated decision to impose martial law. If Yoon quits or is removed from office then, under the constitution, Prime Minister Han Duck-soo will step in to perform presidential duties. Yoon, a conservative, came into office after winning the 2022 presidential election by a threadbare margin and appointed Han as the prime minister that year. It marked Han's second time in that job; he had served under President Roh Moo-hyun, a liberal, from April 2007 to February 2008. Han began his career as a civil servant in the early 1970s, working on trade and industrial policy for decades. He received a doctorate in economics from Harvard University in 1984. From 2009 to 2012, Han was South Korea's ambassador to the United States. Yoon has been in a bitter standoff with the opposition, led by the progressive Democratic Party, for almost his entire tenure as president. The Democratic Party inflicted a crushing defeat on his People Power Party in the parliamentary elections held in April, leaving him on the verge of being a lame duck. 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The president is impeached if two-thirds of the 300-member legislature vote in favor of doing so. Han would act as the president until impeachment proceedings conclude. How long he would need to serve in that interim capacity is unclear. Under South Korean law, once the National Assembly has impeached the president, the matter could go to the Constitutional Court. If the court upholds the impeachment, the president would be removed from office. If Yoon is removed or steps down, a successor would need to be elected within 60 days. (This article originally appeared in The New York Times) (You can now subscribe to our Economic Times WhatsApp channel )The BJP-led alliance, Mahayuti, is cruising its way to a massive victory in the Maharashtra Assembly Elections 2024. As per the Election Commission trends, the BJP is leading on 129 of 148 seats it contested in the 2024 state polls. The party has already won eight seats as of 2:30 pm on Saturday. If actual results are the same as the current trend, this would be the first time since 1990 that a party would win more than 100 seats. Overall, the Mahayuti is likely to win more than 200 seats in the 288-member Maharashtra Assembly. The MVA is leading on just over 55 seat. A political party or an alliance must win 145 seats of the 288 in the Maharashtra Assembly. The Mahayuti comprises the BJP, Eknath Shinde's Shiv Sena, Ajit Pawar's NCP, JSS, RSVA, and RYSP. The MVA has the Congress, Uddhav Thackeray's Shiv Sena (UBT), and Sharad Pawar's NCP-SP and PWPI as constituents. The backroom boys Amid Mahayuti's anticipated landslide win, the names of two Union ministers are doing the rounds. They are believed to be the "architects" of the BJP's massive victory in the Maharashtra polls. Maharashtra Deputy Chief Minister Devendra Fadnavis also thanked them while addressing his press conference on Saturday. The two leaders were Bhupender Yadav and Ashwini Vaishnaw. They were in charge and co-incharge, respectively, of the Maharashtra election for the BJP. They were appointed as the in-charge soon after the BJP-led NDA's victory in the Lok Sabha Elections 2024. Bhupender Yadav and Ashwini Vaishnaw have worked extensively behind the scenes, away from the limelight. According to reports, when Union Home Minister Amit Shah released the BJP manifesto in Mumbai on November 10, the two senior leaders sat in the audience. The challenge In the 2024 Lok Sabha Elections held in June this year, the BJP faced a major setback by winning just nine of the 38 Lok Sabha seats in Maharashtra, while its rival, the Congress, emerged as single-largest party with 13 seats. This upset the Mahayuti, which is already in power in the state, and also posed a big challenge for the alliance in the Maharashtra Assembly Elections held in November. Bhupender Yadav and Ashwini Vaishnaw seem to have successfully overcome this challenge. The two union ministers have also been credited for leading the BJP to victory in Madhya Pradesh last year. Who are Bhupender Yadav and Ashwini Vaishnaw Bhupendra Yadav is considered a close aide of Union Home Minister Amit Shah. Yadav, who is a BJP leader from Rajasthan, has a good hold in several other states, including Rajasthan, Uttar Pradesh, and Bihar. Yadav was BJP’s election co-in-charge for the Assembly polls of Rajasthan (2013) and Jharkhand (2014) and in-charge for Gujarat. He was the in-charge for the 2019 Lok Sabha election and 2020 Bihar Legislative Assembly elections. This is the first time that he took charge of a western state like Maharashtra and led the party to victory. Yadav is currently the Union Cabinet Minister for Environment, Forest and Climate Change. He is a Member of Parliament from the Lok Sabha constituency of Alwar, and was Rajya Sabha MP from 2012. Meanwhile, Ashwini Vaishnaw is currently the Minister for Railways, Information & Broadcasting, Electronics and Information Technology. He served the people of Sundergarh, Balasore, Cuttack and Goa. He earned Master’s in Technology from IIT Kanpur and MBA from Wharton. Vaishnaw brings a combination of skills in technology, finance and its application to weakest sections of society. He firmly believes in the philosophy of ‘Antyodaya’, i.e. transforming the lives of the marginalized sections of society, its profile on Government of India's website reads. The setback The BJP celebrated its win in Maharashtra. At the same time, the party is likely to suffer a setback in the Jharkhand Assembly Elections 2024. This may come as a shock Shivraj Singh Chouhan and Assam CM Himanta Hiswa Sarma, who were in charge of the elections there.
Published 03:38 IST, November 24th 2024 Panvel, Karjat, Uran, Pen, Alibag, Shrivardhan, Mahad Assembly Constituencies Election Results 2024: Counting of Votes Round-wise update. Stay tuned. Panvel, Karjat, Uran, Pen, Alibag, Shrivardhan, Mahad Assembly Constituencies Election Results 2024: Counting of votes for the Panvel, Karjat, Uran, Pen, Alibag, Shrivardhan, and Mahad Assembly constituencies in the Raigad district began at 8 AM today. These 7 constituencies, part of the Raigad District, saw a tight contest between Mahayuti and MVA candidates, with each constituency witnessing intense campaigning. As the counting for the high-stakes Maharashtra Assembly Election 2024 begins to decide on who will take charge of the state, the Raigad district draws focus, which is known to play a crucial factor in the future of the political landscape, which will shape the outcome of the state. With the beginning of the counting of the votes, all eyes were on these key constituencies in Raigad, where early trends started hinting at the parties gaining momentum to the power of the state. Stay tuned with Republic World Digital for live updates on the election results, as we track the outcomes across Raigad and Maharashtra. Keep following for real-time updates and analysis. Panvel, Karjat, Uran, Pen, Alibag, Shrivardhan, Mahad Assembly Constituencies Election Results 2024: Maharashtra Assembly Election Result 2024: Panvel Assembly Constituency Maharashtra Assembly Election Result 2024: Karjat Assembly Constituency Maharashtra Assembly Election Result 2024: Uran Assembly Constituency Maharashtra Assembly Election Result 2024: Pen Assembly Constituency Maharashtra Assembly Election Result 2024: Alibag Assembly Constituency Maharashtra Assembly Election Result 2024: Shrivardhan Assembly Constituency Maharashtra Assembly Election Result 2024: Mahad Assembly Constituency Stay tuned with Republic World Digital for more updates as counting continues throughout the day. Get Current Updates on India News , Entertainment News along with Latest News and Top Headlines from India and around the world. 05:28 IST, November 23rd 2024The National Assembly approved the motion by 331 votes. A minimum of 288 were needed. President Emmanuel Macron insisted he will serve the rest of his term until 2027. However, he will need to appoint a new prime minister for the second time after July’s legislative elections led to a deeply divided parliament. Macron will address the French on Thursday evening, his office said, without providing details. Barnier is expected to formally resign by then. A conservative appointed in September, Barnier becomes the shortest-serving prime minister in France’s modern Republic. “I can tell you that it will remain an honor for me to have served France and the French with dignity,” Barnier said in his final speech before the vote. “This no-confidence motion... will make everything more serious and more difficult. That’s what I’m sure of,” he said. Opposition to Barnier's proposed budget Wednesday's crucial vote rose from fierce opposition to Barnier's proposed budget. The National Assembly, France’s lower house of parliament, is deeply fractured, with no single party holding a majority. It comprises three major blocs: Macron’s centrist allies, the left-wing coalition New Popular Front, and the far-right National Rally. Both opposition blocs, typically at odds, are uniting against Barnier, accusing him of imposing austerity measures and failing to address citizens’ needs. Speaking on TF1 television after the vote, National Rally leader Marine Le Pen said “we had a choice to make, and our choice is to protect the French” from a “toxic” budget. Le Pen also accused Macron of being “largely responsible for the current situation,” adding that “the pressure on the President of the Republic will get stronger and stronger.” Speaking at the National Assembly ahead of the vote, hard-left lawmaker Eric Coquerel had called on the government to “stop pretending the lights will go out,” noting the possibility of an emergency law to levy taxes from Jan. 1, based on this year’s rules. “The special law will prevent a shutdown. It will allow us to get through the end of the year by delaying the budget by a few weeks,” Coquerel said. Macron to pick a new prime minister Macron must appoint a new prime minister, but the fragmented parliament remains unchanged. No new legislative elections can be held until at least July, creating a potential stalemate for policymakers. Macron said discussions about him potentially resigning were “make-believe politics” during a trip to Saudi Arabia earlier this week, according to French media reports. “I’m here because I’ve been elected twice by the French people,” Macron said. He was also reported as saying: “We must not scare people with such things. We have a strong economy.” Impact on financial markets While France is not at risk of a U.S.-style government shutdown, political instability could spook financial markets. France is under pressure from the European Union to reduce its colossal debt. The country’s deficit is estimated to reach 6% of gross domestic product this year and analysts say it could rise to 7% next year without drastic adjustments. The political instability could push up French interest rates, digging the debt even further. Carsten Brzeski, global chief of macro at ING Bank, said uncertainty over France’s future government and finances is deterring investment and growth. “The impact of France not having a government would clearly be negative for the growth of France and hence the Eurozone,” Brzeski said. France has seen bond market borrowing costs rise, bringing back ugly memories of the Greek debt crisis and default in 2010-2012. Analysts say France is far from a similar crisis because much of its outstanding debt does not come due for years, and because its bonds remain in demand due to a shortage of German government bonds. Additionally, the European Central Bank could intervene to lower French borrowing costs in case of extreme market turmoil, though the bar for that remains high.
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MAI Capital Management lessened its holdings in Walgreens Boots Alliance, Inc. ( NASDAQ:WBA – Free Report ) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 60,300 shares of the pharmacy operator’s stock after selling 2,600 shares during the period. MAI Capital Management’s holdings in Walgreens Boots Alliance were worth $540,000 at the end of the most recent quarter. Other hedge funds have also modified their holdings of the company. Marathon Trading Investment Management LLC boosted its position in shares of Walgreens Boots Alliance by 22.0% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 72,000 shares of the pharmacy operator’s stock worth $645,000 after purchasing an additional 13,000 shares during the period. Altrius Capital Management Inc boosted its position in shares of Walgreens Boots Alliance by 76.6% during the third quarter. Altrius Capital Management Inc now owns 440,483 shares of the pharmacy operator’s stock worth $3,947,000 after buying an additional 190,996 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Walgreens Boots Alliance by 21.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,343 shares of the pharmacy operator’s stock valued at $227,000 after buying an additional 4,534 shares in the last quarter. OLD Second National Bank of Aurora raised its holdings in shares of Walgreens Boots Alliance by 35.1% in the 3rd quarter. OLD Second National Bank of Aurora now owns 4,562 shares of the pharmacy operator’s stock valued at $41,000 after buying an additional 1,185 shares during the period. Finally, Aptus Capital Advisors LLC lifted its stake in Walgreens Boots Alliance by 37.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 14,445 shares of the pharmacy operator’s stock worth $129,000 after acquiring an additional 3,950 shares in the last quarter. 58.59% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of analysts have issued reports on WBA shares. Barclays boosted their price target on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 16th. TD Cowen reduced their target price on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Jefferies Financial Group dropped their price target on shares of Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI increased their price objective on Walgreens Boots Alliance from $7.50 to $10.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Finally, Truist Financial lowered their target price on Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.88. Walgreens Boots Alliance Price Performance WBA stock opened at $8.66 on Friday. The business has a 50 day moving average price of $9.14 and a 200 day moving average price of $11.59. The company has a quick ratio of 0.37, a current ratio of 0.68 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of -0.87, a PEG ratio of 1.09 and a beta of 0.69. Walgreens Boots Alliance, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $27.05. Walgreens Boots Alliance ( NASDAQ:WBA – Get Free Report ) last issued its quarterly earnings data on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $37.50 billion during the quarter, compared to the consensus estimate of $35.75 billion. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. Equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.53 earnings per share for the current fiscal year. Walgreens Boots Alliance Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.55%. The ex-dividend date of this dividend is Monday, November 18th. Walgreens Boots Alliance’s payout ratio is -9.99%. Walgreens Boots Alliance Profile ( Free Report ) Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise. See Also Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance, Inc. ( NASDAQ:WBA – Free Report ). Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter .Horoscopes Nov. 24–30 (Horoscopes on the Horizon)
Jimmy Carter Dies: Longest-Living U.S. President Was 100L ast weekend offered an opportunity to go to a football game without the burden of having to write, at least in the immediate aftermath. It was Portman Road, teeming with the longing of a passionate home crowd. It made for an occasion as Ipswich Town didn’t exactly entertain Manchester United at their home ground but they did outplay them for long stretches. The 1-1 draw was fair. If there had to have been a winner, Ipswich would have deserved it. A few things struck me. Kieran McKenna may be getting there with his team. They’ve got a chance of surviving their first season back in the Premier League and their football is good to watch. For all the differences in scale between the clubs, any aspiring young manager would rather be in McKenna’s place than Rúben Amorim’s. The Portuguese’s body language could be reduced to one sentence. “I knew this was going to be hard, but not this hard!”
French lawmakers vote to oust prime minister in the first successful no-confidence vote since 1962
TOKYO — Japan’s popular Princess Aiko turned 23 on Sunday, as she takes on more official duties even while her future in the imperial family remains in doubt. Aiko, the only child of Emperor Naruhito and Empress Masako, graduated from university earlier this year and has since been participating in official duties and palace rituals while working at the Red Cross Society, according to the Imperial Household Agency. But Japanese law requires her to renounce her royal status and leave the family if she marries outside the imperial family. The vast majority of Japan’s public supports changing the law to allow her to remain a royal and become emperor, but conservatives in the governing party insist on keeping male-only succession. Japan’s rapidly dwindling imperial family has only 16 members, including four men. Aiko was to mark her birthday with her parents at the imperial palace in Tokyo. The IHA also released several photos of Aiko, including one of her standing by a persimmon tree at a palace garden. Another showed her holding pieces of traditional hand-crafted washi paper that she made at a workshop during her first solo official trip in October to the National Sports Festival in Japan’s southwestern prefecture of Saga. Get the latest breaking news as it happens. By clicking Sign up, you agree to our privacy policy . The 1947 Imperial House Law, which largely preserves conservative prewar family values, allows only males to take the throne and forces female royals who marry outside the family to give up their status. With only one young male member, that puts the survival of the 2,000-year-old monarchy in jeopardy. The youngest male member of the imperial family, Prince Hisahito — Aiko's 18-year-old cousin — is currently the last heir apparent, posing a major problem for the system. The government is looking for a way to keep the succession stable without relying on women, such as allowing the family to adopt new male members from former noble families that lost their status after World War II. Aiko's own views on the topic are unknown. She's only had one full news conference, when she reached adulthood. Last month, the United Nations women’s rights committee in Geneva issued a report that called for the Japanese government to allow a female emperor, among other issues hindering gender equality in the country. Chief Cabinet Secretary Yoshimasa Hayashi dismissed the report “regrettable” and “inappropriate.” He said the imperial succession is a matter of fundamental national identity and that it is not covered by constitutional basic rights. Crown Prince Akishino, Aiko's uncle, was asked about the succession debate at a news conference marking his 59th birthday Saturday, and replied that members of the royal family are “living humans” and that the palace officials who support their daily lives should know how it affects them. At her work at the Japanese Red Cross Society, Aiko is assigned to volunteer training program, the IHA said. On weekends, it said, the princess enjoys taking walks with her parents and playing volleyball, tennis and badminton with palace officials.
ALL the places of interest and local food stops in Petaling Jaya’s oldest township are marked out in the “PJ Old Town Cultural and Food Map”. The project, conceptualised by Petaling Jaya MP Lee Chean Chung, is a pilot initiative undertaken to inject life into the city’s old town. Lee embarked on the project to highlight the historical places, landmarks and eateries in PJ Old Town after setting up his service centre in 2023. “I decided to embark on this project to highlight the historical places, landmarks and dining places after setting up my service centre in Petaling Jaya Old Town in May 2023. “I find that this area has its own beauty and characteristics that are different from other urban areas in Petaling Jaya. “People will get to experience a different vibe and atmosphere when they come here,” said Lee, describing the neighbourhood as having a blend of nostalgic charm and modern living. Petaling Jaya Old Town, better known as PJ Old Town, comprises Sections 1, 2, 3 and 4. It was built as a satellite town in Selangor in 1952 by the British to address overcrowding in Kuala Lumpur. The PJ Old Town Cultural and Food Map highlights 18 landmarks including places of worship, 13 old shops and 18 types of food including both Muslim-friendly and non-halal options. “The map is designed to be a walking guide where visitors can explore on their own. It includes a suggested itinerary for a day trip, although a half-day visit is sufficient,” said Lee. “PJ Old Town is accessible by public transport. Visitors can stop at Taman Jaya or Asia Jaya LRT stations, then board either the PJ01 or T640 bus for the PJ Old Town Bus Terminal.” A must-visit destination when in the old quarters of Petaling Jaya is Medan Selera Jalan Othman, which was established in 1960. Besides the food court, the old and popular Pasar Besar Jalan Othman is also listed on the map. Other decades-old notable landmarks are Assunta Hospital (established in 1954), Church of The Assumption (built in 1959), Sri Sithi Vinayagar Temple better known as Petaling Jaya Pillaiyar Temple with its Dravidian architecture (built in 1964), Kwan Inn Teng Temple (founded in 1952) and Masjid Jamek Sultan Abdul Aziz (started off as a surau in 1956, then a mosque in 1964) which is the first mosque in Section 1. According to the guide, the site of Terminal Bas Jalan Othman Petaling Jaya was initially used by visiting circuses in the 1950s before the building came about. The original bus terminal building, which was popular among commuters in the 1970s to 1990s, made way in 2015 for the construction of a modern two-storey facility completed three years later. Built at a cost of RM3.19mil, the bus terminal was an initiative by Transport Ministry and Petaling Jaya City Council (MBPJ). Sri Sithi Vinayagar Temple, a prominent landmark along Jalan Selangor. From vision to reality The map was launched at a Mid-Autumn Festival event jointly organised by Lee and Bukit Gasing assemblyman Rajiv Rishyakaran’s offices in September. Lee said it took his team six months to work on the project, through research, dialogue sessions with resident groups and interviews with business operators in the old town. “PJ Old Town has a rich history as it served as the first administrative centre in Petaling Jaya. It was also an important economic and social hub. “We included bits of interesting information as fun facts in the map, such as the biggest roundabout in Petaling Jaya (which was demolished) and origins of the names Jalan Templer and Jalan Othman. “We also engaged a local illustrator to draw the map. A core team of five people worked on the project, with the project costing less than RM20,000,” he said, adding with a laugh that his team tried every dish and visited dining spots mentioned in the map to ensure they were worth recommending. The first print run of the map features 7,000 copies in Bahasa Malaysia, English and Mandarin. Lee described the map as a “living document”, as his team would improve on it from time to time, with future plans to translate it into Tamil and other languages. While most places listed in the map are accessible on foot, Lee acknowledged that more needed to be done to make Petaling Jaya Old Town suitable for walking. To make the area more inclusive, MBPJ upgraded Section 1’s commercial area to include disabled-friendly facilities such as ramps. Medan Selera Jalan Othman has been around since 1960. Lee is hoping that the map project encourages people to visit the area and patronise businesses there – be it discovering old shops with their unique trades or the local food. For example, Pat Seong Wine Merchant and Sang Hup Hardware and Sons, which have both been around since 1954, are touted as the oldest shops in Petaling Jaya. Then there is Brother Lim Cushion, which specialises in repair and customisation of sofa and car seat cushions and has been in the old town since 1972. Auntie Peggy’s Classic ais kacang and cendol, Kavitha Banana Leaf, Traditional Hakka Lui Char Restaurant and Nasi Lemak Goreng Chef Fauzey are among the well-known eateries listed. Lee is open to the idea of future collaborations, such as a photo exhibition featuring old snaps of Petaling Jaya Old Town or in-depth walking tours led by experienced guides. Traditional Hakka Lui Char Restaurant specialises in Hakka lei cha – a vegetarian rice dish topped with loads of herbs and green, and savoured with herbal broth. “I feel very welcomed since opening my office here. The senior folks enjoy sharing and chatting about their experiences, and life here resembles the harmonious fabric of Malaysia. “PJ Old Town has reached a crossroad. It is an ageing neighbourhood, so there is a need to develop it in a sustainable manner to retain its traditional charm while attracting young people to come here. “There is also a need to look into better care and having engaging programmes for the many senior folk living here.” Physical copies of the map are available at Lee’s office in Section 1, Rajiv’s office in Petaling Jaya New Town, Jalan Othman Petaling Jaya Bus Terminal as well as at these restaurants – Tingkap Cafe in Section 1, Kanna Curry House in Section 17 and New Ipoh Chicken Rice in Jalan Gasing. The digital version is available at pjlestari.com/cultural-map/ 'CLICK TO ENLARGE' Walking tour Lee, a first-term MP and former assemblyman from Pahang, personally led a group on a half-day walk in mid-October to visit several places mentioned in the PJ Old Town Cultural and Food Map. For Heidi Khalisah Azwari, the walking tour allowed her to gain insight and rediscover old places she used to frequent during her childhood years. “I grew up at my grandmother’s house in Taman Medan and studied at SK Assunta 2,” said Heidi Khalisah, 20, who is now studying at a private university in Raub, Pahang. “I got the opportunity to appreciate the buildings I used to walk past. “It is also nice to know the eateries I frequented are still around.” She said she used to eat satay at Medan Selera Jalan Othman, nasi lemak with ayam goreng at Nasi Lemak Goreng Chef Fauzey and enjoyed celebratory treats at McDonald’s when she did well at school. Petaling Jaya Community Library has a small exhibition area with artefacts curated by Petaling Jaya Museum. Heidi Khalisah added that the Petaling Jaya Community Library was where she would study for her exams and hang out with friends. Pong Siew Chu, 62, said the walking tour offered new insight into her neighbourhood, even after having lived in Section 1 for 40 years. Her husband, Wong Chong Tow, is the Section 1B Rukun Tetangga treasurer. “It was the first time I entered the premises of several places of worship,” said Pong who did the half-day walk with her son, Wong Jun Zhi, 22. “I am keen on renewing my membership at PJ Community Library after learning of its newer facilities. “It has a play area with books and activities for children aged up to seven years, so I can take my two grandsons, aged two years and five months, there when they come for a visit.” Kompleks Rakan Muda Arena Petaling Jaya is a sports complex located along Jalan Selangor. Pong said she has patronised a number of shops and eateries listed in the map, and goes to Pasar Besar Jalan Othman to do her daily marketing. “I hope the map helps draw in more visitors to the Section 1 neighbourhood and revive businesses here. “Perhaps Lee or a relevant authority could consider having murals on walls to add an artistic element to PJ Old Town, similar to the ‘Little Children on a Bicycle’ mural in George Town, Penang,” she added. Pong said she would also promote the map to her neighbours and students attending the daycare service she operates.
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