News about asia

KUALA LUMPUR (Nov 8): Five former FGV Holdings Bhd (FGV) directors today failed in their counter-claim against the company over a suit that was filed against them and nine others, over the questionable acquisition of Asian Plantation Limited (APL).

KUALA LUMPUR (Oct 30): The High Court today ordered the Works Minister, the de-facto Law Minister and government to be defendants in a suit brought by contractor Mega Sasa Sdn Bhd against the Asian International Arbitration Centre (AIAC), its director Vinayak Pradhan, Kinta Bakti Sdn Bhd and one Soh Lieh Sieng.

KUALA LUMPUR (Oct 29): Tun Dr Mahathir Mohamad today offered a sarcastic apology on his blog, as he "confessed" that he was party to the creation of the solution to help the country overcome the problems wrought by the 1997-98 Asian Financial Crisis, which he admitted benefitted a few tycoons.

KUALA LUMPUR (Oct 3): Human Resources Minister M Kulasegaran will meet with all rubber glove makers tomorrow to explain the repercussions of forced labour in their operations after the US banned the import of disposable rubber gloves of WRP Asia Pacific Sdn Bhd.

KUALA LUMPUR (Oct 2): Only disposable rubber gloves produced by one company in Malaysia are banned from the US, clarified the Malaysian Rubber Glove Manufacturers Association (Margma).

KUALA LUMPUR (Oct 2): The US has banned the import of disposable rubber gloves produced in Malaysia by WRP Asia Pacific Sdn Bhd, which is alleged to have manufactured these items using forced labour.

KUALA LUMPUR (Sept 30): Sinotop Holdings Bhd has today terminated its agreement with executive director and major shareholder Datuk Justin Soo Sze Ching for the fabric manufacturer's planned acquisition of builder Asianmax Corp Sdn Bhd under a cash and share deal worth RM96 million.

PETALING JAYA: Impiana Hotels Bhd is selling 146 units of serviced suites in Cherating, Kuantan to Silver Max Asia Pacific Labuan Ltd for RM146 million.

KUALA LUMPUR (Sept 12): AirAsia Group Bhd co-founder and group chief executive officer Tan Sri Tony Fernandes says it is “absurd” that low-cost carriers (LCCs) dominate the Malaysian aviation market, but the country does not have dedicated low-cost carrier terminals (LCCTs).

KUALA LUMPUR (Aug 28): Najah Air Sdn Bhd, a six-man group of entrepreneurs led by AirAsia Group Bhd co-founder and former chairman Datuk Pahamin Ab Rajab, has pulled out of the potential bidding war for struggling Malaysia Airlines Bhd, according to sources.