Maybank Investment Bank Bhd (Maybank IB) has further extended the closing time and date for the acceptance of the offer from the Federal Land Development Authority (FELDA) for the acquisition of FGV Holdings Bhd to 5pm on March 2, 2021 from 5pm on Feb 16.
It may be a quiet week after the Chinese New Year holidays in terms of economic data, but there will be more excitement in the courts and on the corporate front.
On Thursday (Feb 18), the Kuala Lumpur High Court will deliver its decision on whether to call Datin Seri Rosmah Mansor, the wife of former prime minister Datuk Seri Najib Razak, to enter her defence in relation to three counts of graft related to a solar hybrid project involving 369 schools in Sarawak or to acquit her of all charges.
The date was fixed after Justice Mohamad Zaini Mazlan heard submissions from the prosecution and defence last week. Senior deputy public prosecutor Datuk Seri Gopal Sri Ram is leading the prosecution team.
Polyvinyl chloride product maker
Resintech Bhd s net profit for the third quarter ended Dec 31, 2020 surged 275.87% to RM2.6 million, from RM692,000 a year earlier, backed by higher revenue. Earnings per share rose 1.9 sen from half a sen. Revenue grew 25.16% to RM21.63 million from RM17.29 million due to higher cost of sales.
TDM Bhd said its chief financial officer Amir Mohd Hafiz Amir Khalid has tendered his resignation, effective from Feb 28, to pursue other career opportunities.
M3 Technologies (Asia) Bhd has announced the retirement of Lim Seng Boon, 63, as its group managing director.
The Court of Appeal today allowed
Puncak Niaga Holdings Bhd s appeal to reinstate its RM14 billion case against former Selangor menteri besar Tan Sri Abdul Khalid Ibrahim and the Selangor government. The appellate court, however, dismissed the inclusion of another former Selangor menteri besar, Datuk Seri Mohamed Azmin Ali, as a defendant. The company sued the three parties in November 201
KUALA LUMPUR (Feb 9): Former prime minister Datuk Seri Najib Razak is alleged to have received a total of US$971 million (RM2.973 billion) said to have originated from 1Malaysia Development Bhd (1MDB), without any commercial or business justification, the prosecution in the condo raid of 2018 told the High Court here.
Describing the amount as gargantuan , the discovery follows the investigations conducted by the police s Commercial Crime Unit, that found the three tranches of payment made to the former premier s AmBank account whose last three digits are 9694.
The three tranches of payment are said to be ill-gotten gain, and investigations of the police unit s Anti Money-Laundering by Supt Foo Wei Min found the movement of monies from Good Star (US$120 million in five transactions between 2011 and 2012), Aabar stage (US$170 million six transactions in 2012) and the Tanore stage (three transfers in March 2013).
In 2020, the effects of the Covid-19 pandemic during which minimising interactions and physical distancing are promoted were exceptional. But at the same time, developments in the tech industry were tremendous.
The exponential growth of technologies has disrupted traditional industries at an ever-increasing pace. Furthermore, the pandemic has basically put these changes into hyperspeed. Never have we had the opportunity to rewrite entire sectors, redefine the problems they address and reinvent their solutions. There is an urgent need to create resilient local industries to ensure businesses survive come what may, and continue to support national growth.
It is crucial that Malaysia accelerates its capacity for innovation to remain competitive in a world on the cusp of super connectivity. Deep technologies such as semiconductors and sensors have brought digitalisation to our doorstep which, in turn, has enabled information to be transmitted at the speed of light. Digitalisation h