E&O posts lower 1Q net profit as forex, JV losses weigh

KUALA LUMPUR (Aug 21): Eastern and Oriental Bhd (E&O)’s net profit for the first quarter of its financial year 2019 (1QFY19) fell 34% from a year ago, despite a 15% rise in revenue, as it was impacted by unrealised foreign exchange losses and losses from joint ventures (JVs).

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Daim: The government knows where Jho Low is

KUALA LUMPUR (Aug 21): The government is aware of and knows the whereabouts of businessman-turned-fugitive Low Taek Jho (pictured), or better known as Jho Low, who has been linked to the financial troubles at beleaguered 1Malaysia Development Bhd (1MDB), according to former finance minister Tun Daim Zainuddin.

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Khazanah chief Shahril exits Media Prima, MBSB, MRCB

KUALA LUMPUR (Aug 21): As he clocked in as Khazanah Nasional Bhd’s new managing director yesterday, Datuk Shahril Ridza Ridzuan (pictured) resigned from the board of directors of three companies, namely Media Prima Bhd, Malaysia Building Society Bhd (MBSB) and Malaysian Resources Corp Bhd (MRCB) as their non-independent, non-executive director.

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Daim to meet PM on CEP’s future

KUALA LUMPUR (Aug 20): Council of Eminent Persons (CEP) chairman Tun Daim Zainuddin does not discount the possibility of the council’s service being extended by the government as it reached its 100th day of establishment yesterday.

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Daim: CEP will submit recommendation report to PM tomorrow

KUALA LUMPUR (Aug 20): The five-man Council of Eminent Persons (CEP), which has completed its 100-day mandate to assist the Pakatan Harapan government in fulfilling its election promises, has prepared a comprehensive report on its recommendations to be sent to Prime Minister Tun Dr Mahathir Mohamad upon his expected return tomorrow after a five-day visit to China, said CEP chairman Tun Daim Zainuddin.

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