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SINGAPORE: The collective wealth of tycoons on the 2023 Forbes list of Malaysia’s 50 Richest edged up to US$81.6 billion from US$80.5 billion last year despite a dip in the stock market, according to Forbes Asia. (US$1=RM4.61)
Kuala Lumpur: Nearly half of Malaysia’s 50 richest people had decreased even though collectively, the country’s wealthiest increased from US$80.5 billion (RM371.4 billion) last year to US$81.6 billion (RM381 billion) this year, according to the latest list from Forbes Asia released today.
Glenealy Plantations (M) Bhd is one of the many plantation companies listed on Bursa Malaysia that is not covered by the investment research community. But it hasn’t been missed by investors hoping to cash in on the rise in crude palm oil (CPO) prices since late June. Glenealy, which has oil palm estates in Sabah and Sarawak, saw its share price touch an intra-day high of RM5.95 on Oct 15. Trading of the illiquid stock also spiked on Oct 13. This was very much in line with the trading patterns of many of its peers, such as TSH Resources Bhd, Sarawak Oil Palms Bhd, IJM Plantations Bhd and Tra...
PETALING JAYA: The Malaysian Human Rights Commission (Suhakam) has launched three investigations into deaths in custody cases so far in 2022.
JULY 2 — The Human Rights Commission of Malaysia (Suhakam) finally welcomes its new commissioners. Former Universiti Teknologi Mara’s (UiTM) deputy vice-chancellor and Faculty...