News by Choy Nyen Yiau

The increase was attributed to higher selling prices and sales volumes of crude palm oil and palm kernel, lower production costs, and a reduced fair value loss on unharvested fruit.

The company did not reveal the details of the allegations, but it confirmed that three of its officers were arrested by the MACC on August 8.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a contract worth RM111.23 million for the construction of factories and industrial facilities in Klang, Selangor.

MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%.

The government's proposal to introduce regulations aimed at enforcing sustainability-linked standards for the domestic data centre market will see some of the data centres becoming non-compliant with the requirement, carrying implications for domestic competitive dynamics, according to Fitch Solutions company BMI.

Businessman Tan Sri Robert Tan Hua Choon has ceased to be a substantial shareholder of Paragon Globe Bhd after disposing of half his stake in the Johor-based developer.

Trading of the shares in Ecobuilt Holdings Bhd (KL:ECOHLDS) will be suspended, after the High Court approved a winding-up petition against the company.

YTL Hospitality Real Estate Investment Trust (KL:YTLREIT) reported a 9.7% increase in net property income (NPI) for its fourth quarter ended June 30, 2024 (4QFY2024), rising to RM65.8 million from RM59.9 million a year earlier, driven by higher contributions from both the hotel and property rental segments.

JAKS Resources Bhd (KL:JAKS) said it has signed a memorandum of understanding (MOU) with a subsidiary of TDM Bhd (KL:TDM) to collaborate on a land lease as part of its bid for the fifth Large Scale Solar (LSS5) programme.

Ahmad Zaki Resources Bhd (KL:AZRB) said on Thursday it has secured a contract worth RM151.99 million to design and build the Port Dickson Specialist Hospital in Negeri Sembilan.