News by Chester Tay

In a statement today, Minister of Domestic Trade and Consumer Affairs Datuk Seri Saifuddin Nasution Ismail said the decision to defer the Petrol Subsidy Programme (PSP) until further notice, was made in a Cabinet meeting on Dec 18.

In a filing with Bursa Malaysia, 7-Eleven said it is subscribing 490,030 new shares at RM15.33 a share, giving the group 46.45% stake in the enlarged issued share capital of MSB.

In a statement today, Malaysian Employers Federation (MEF) executive director Datuk Shamsuddin Bardan said currently, foreign workers are repatriating about RM34 billion annually, and this had not taken remittances made by illegal foreign workers into account.

The scheme, which will be rolled out from Jan 1 to Feb 29 next year, will entail giving RM30 to each Malaysian aged at least 18 years earning below RM100,000 per annum, which can be used to pay for goods and services through these selected providers.

Mahathir also confirmed that the Bandar Malaysia project, which has been officially revived today, will house a HSR station.

Earnings per share for the quarter ended Oct 31, 2019 rose to 7.02 sen from 6.97 sen previously.

MTAG said Chaw entered into a letter of assignment to assign all his rights under the option to MTAG.

In a statement today, the finance ministry said based on calculations according to the Automatic Pricing Mechanism (APM), the retail prices of RON95 petrol and diesel for the same period should have been RM2.34 and RM2.30 per litre respectively.

As such, Gamuda Bhd prefers to look overseas for more contracts and aims to derive half of its construction revenue and profit from international jobs over the next three years.

The group said it is buying the land for RM60.96 million from a company owned by Kumpulan Prasarana Rakyat Johor Sdn Bhd, Khazanah Nasional Bhd and Employees Provident Fund Board (EPF).