Gadang 1Q net profit slips 10% on lower property sales
KUALA LUMPUR (Oct 24): Gadang Holdings Bhd’s net profit for its first quarter ended Aug 31, 2019 (1QFY20) fell 10% to RM14.
TDM's Indonesian ops face sanction, 900ha to halt activities for 3 years
KUALA LUMPUR (Oct 23): TDM Bhd announced yesterday that its subsidiary PT Rafi Kamajaya Abadi (PT RKA) has been sanctioned by the Indonesian government and ordered to stop all plantation activities at some 900ha of its plantation area in Kalimantan, which has been burnt recently.
Human resources ministry tells Utusan to pay outstanding wages, VSS compensation
KUALA LUMPUR (Oct 23): The Ministry of Human Resources has told newspaper publisher Utusan Melayu (M) Bhd — which ceased operations on Oct 9 — and its interim liquidator UHY Advisory (KL) Sdn Bhd, to pay its employees their outstanding wages, as well as compensation for a voluntary separation scheme (VSS) that took place last year.
Syed Mokhtar’s firm allowed to proceed with suit over SFI takeover
KUALA LUMPUR (Oct 23): Tycoon Tan Sri Syed Mokhtar Albukhary-linked company Pelangi Prestasi Sdn Bhd has been allowed by the High Court to proceed with its suit against two parties in relation to its proposed takeover of Sabah Forest Industries Sdn Bhd (SFI).
Ex-PAS deputy president claims trial to 30 CBT, 3 money laundering charges
SHAH ALAM (Oct 22): Former PAS deputy president Datuk Nasharudin Mat Isa claimed trial at the Sessions Court here to 30 counts of criminal breach of trust to the tune of RM3.
Club Med’s first green resort to open in Sabah by 2022
KOTA KINABALU (Oct 22): Club Med has announced plans to open its first green resort here in Sabah.
MGB delivers IBS-built homes half a year earlier
PETALING JAYA (Oct 22): Industrialised Building System (IBS) precast manufacturer MGB Bhd has successfully delivered IBS-built homes in LBS Alam Perdana, a township development in Puncak Alam, Selangor by LBS Bina Group Bhd, half a year earlier than scheduled.
Prosecution files application to transfer Goldman-1MDB case to High Court
KUALA LUMPUR (Oct 22): The prosecution in the Goldman Sachs summons case involving some US$6.