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PETALING JAYA: Two of the five feedmillers accused by the Malaysia Competition Commission (MyCC) for being involved in price-fixing practices in the chicken industry have dismissed the charge as “without merit”.
KUALA LUMPUR (Aug 5): Leong Hup International Bhd and PPB Group Bhd said Malaysia Competition Commission's allegations that their subsidiaries were involved in price-fixing practices involving poultry feed are without merit, and that they will respond to the MyCC within the stipulated time to defend their subsidiaries against these allegations.
IN 2021, although it was the peak of the Covid-19 pandemic, which caused massive disruptions to the global economy, public-listed companies — in which either the government or public funds hold more than 15% equity interest — continued to reward their shareholders with generous dividends. Surprisingly, some even paid higher dividends year on year instead of conserving cash during the harsh economic conditions (see tables).
KUALA LUMPUR: FFM Bhd, an 80 per cent subsidiary of PPB Group Bhd, has received a notice of the proposed decision issued by the Malaysia Competition Commission (MyCC) pursuant to Section 36 of the Competition Act 2010.
MALAYSIA or more specifically Penang has been a hotbed of semiconductor business since the 1970s, very early on winning the moniker of Asia’s Silicon Valley.