Erosion: Graves in Muslim cemetery collapse into Sarawak river

KUALA LUMPUR (June 26): More than 100 graves in a Muslim cemetery in Seruai, Spaoh district, Sarawak have collapsed into the Sungai Saribas owing to soil erosion According Batang Lupar PKR branch chief Abang Zulkifli Engkeh, the soil erosion is believed to be caused by sand mining and dredging activities in and around the Sungai Saribas carried out by a private company, Bernama reported yesterday.

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Gabungan AQRS proposes 1-for-4 bonus issue of Warrants B

KUALA LUMPUR (June 26): Gabungan AQRS Bhd has proposed to undertake a bonus issue of Warrants B on the basis of one Warrant B for every four existing shares held to reward existing shareholders and to raise additional working capital, when Warrants B are exercised in future.

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MBSB still has RM1b conventional assets to be converted

KUALA LUMPUR (June 26): Non-bank lender Malaysia Building Society Bhd (MBSB) aims to convert its conventional assets worth about RM1 billion, which makes up about 10% of its assets, to Islamic assets over the next two years, as part of its plans to becoming an Islamic bank.

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