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Boustead Plantations buys land, assets in Sabah for RM397m cash

Boustead Plantations buys land, assets in Sabah for RM397m cash

PETALING JAYA: Boustead Plantations Bhd is acquiring oil palm plantation land measuring 4,915.25ha in Sabah together with a palm oil mill, buildings erected, movable assets, machinery and vehicles for RM397 million cash. The group told Bursa Malaysia that its wholly owned subsidiary Boustead Rimba Nilai Sdn Bhd entered into a sale and purchase agreement today […]

August 1, 2018 | By | Reply More
Wan Zulkiflee stays put at Petronas, Ahmad Nizam appointed chairman

Wan Zulkiflee stays put at Petronas, Ahmad Nizam appointed chairman

PETALING JAYA: Petroliam Nasional Bhd (Petronas) president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin has been spared the culling which left few survivors in government-linked companies, after weeks of speculation that he was to be replaced. In a brief statement released by the Prime Minister’s Office (PMO) today, Putrajaya confirmed that Wan Zulkiflee […]

August 1, 2018 | By | Reply More
Exports pick-up forecast

Exports pick-up forecast

PETALING JAYA: Malaysia’s export growth is expected to pick up to 8.7% in June from 3.4% in May on the back of steady demand from key export markets, while trade surplus is projected to stand at RM11.1 billion said RAM Ratings. The increase is expected despite the slowdown envisaged due to the Hari Raya festive […]

August 1, 2018 | By | Reply More
Exports to pick up in June, says RAM

Exports to pick up in June, says RAM

PETALING JAYA: Malaysia’s export growth is expected to pick up to 8.7% in June from 3.4% in May on the back of steady demand from key export markets, while trade surplus is projected to stand at RM11.1 billion said RAM Ratings. The increase is expected despite the slowdown envisaged due to the Hari Raya festive […]

August 1, 2018 | By | Reply More
Four new captives in first half for Labuan IBFC

Four new captives in first half for Labuan IBFC

KUALA LUMPUR: Labuan International Business and Financial Centre (Labuan IBFC) envisages a positive trend in the take-up of captive insurance following four approvals in the first half of the year. The midshore centre is also one of the financial centres in the Asian region to approve the most captive entities last year. To date, there […]

August 1, 2018 | By | Reply More
Federal Court grants interim injunction in JAKS-Star Media case

Federal Court grants interim injunction in JAKS-Star Media case

PETALING JAYA: The Federal Court has allowed an interim stay or Erinford Injunction in the JAKS Resources Bhd (JRB)–Star Media Group Bhd case against the release of an RM50 million bank guarantees to the media group. “The Federal Court allowed an interim stay/Erinford Injunction pending hearing of JAKS leave to appeal to the Federal Court […]

August 1, 2018 | By | Reply More
Lay Hong to sell Ijok property for RM27m

Lay Hong to sell Ijok property for RM27m

PETALING JAYA: Lay Hong Bhd (LHB) has entered into a memorandum of understanding (MoU) with Jernih Kejora Sdn Bhd (JKSB) for the proposed disposal of a 34 acre property in Ijok, Selangor for RM27.6 million. Lay Hong told the stock exchange that it will be providing Jernih Kejora with a Limited Power of Attorney for […]

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80% of Malaysians prefer older managers

80% of Malaysians prefer older managers

KUALA LUMPUR: Eight in 10 respondents in Malaysia want to work with a manager who is older than them, according to the latest Randstad Workmonitor. Almost seven in 10 employees around the world said that they prefer their direct managers to be their age or older. This sentiment is higher in Asia, with 82% of […]

August 1, 2018 | By | Reply More
Local companies urged to use CCIC to access China market

Local companies urged to use CCIC to access China market

KUALA LUMPUR: Malaysian companies are urged to utilise the China Certification and Inspection (CCIC) Traceability System to ease market access into China. Deputy International Trade and Industry Minister Dr Ong Kian Ming said this traceability system is a service which provides support for complete supply chain traceability information, from production to consumption. “The system is […]

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PKNS turns 54

PKNS turns 54

A CEREMONY to mark the 54th anniversary of the Selangor State Development Corporation (PKNS) was held today with Selangor Mentri Besar Amirudin Shari officiating it. Also present was PKNS CEO Datin Dr Hajah Noraida Mohd Yusof who mentioned that she was pleased to learn that the people of Selangor acknowledge the relevance of PKNS and […]

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