Thu, 18 Jul 2019, 12:49 PM
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Topic: RM100mil

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PETALING JAYA: The sale of FGV Holdings Bhd’s loss-making FGV China Oils Ltd (FGVCO) to China-based Grand Industrial Holding Co Ltd for RM100mil will allow the group to stop accounting for losses in its loss-making entity.
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GEORGE TOWN: PLUS Malaysia Bhd is looking at spending between RM100mil and RM200mil to modernise the highways in Malaysia.
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KUALA LUMPUR: CIMB Equities Research is neutral on FGV’s sale of its entire 100% stake in FGV China Oils for Rmb165m (or RM100mil) to Grand Industrial Holding Co Ltd.
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KUALA LUMPUR: Malakoff Corp Bhd, FGV Holdings Bhd, Boustead Holdings Bhd, Magna Prima Bhd, Mudajaya Group and Bintai Kinden Corp Bhd are among the stocks to watch on Friday, according to JF Apex Research.
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PETALING JAYA: I-Bhd plans to make a cash call by raising a minimum of RM100mil under a proposed rights issue of redeemable cumulative convertible preference shares (RCCPS).
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KUALA LUMPUR: I-Bhd plans to make a cash call by raising a minimum of RM100mil under a proposed rights issue of redeemable cumulative convertible preference shares (RCCPS).
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MALAYSIAN fans of the biggest band in the world have been scrambling to get tickets for U2’s South-East Asian debut on Nov 30 and Dec 1.
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KUALA LUMPUR: RHB Group Asset Management (RHBGAM) launched RHB China Bond Fund, a feeder growth fund to BlackRock Global Funds - China Bond Fund or target fund.
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PETALING JAYA: Primary Industries Minister Teresa Kok does not understand the financial concerns of oil palm plantation smallholders in her insistence that that they should apply for the Malaysian Sustainable Palm Oil (MSPO) certification, says MCA deputy president Datuk Dr Mah Hang Soon.
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WHEN Daniela Perdomo went out this year to raise another round of funding for GoTenna, her mobile communications startup, an investor told her that he assumed the chief executive officer of a tech company would look more like Reid Hoffman. Then, he offered to introduce her to some female venture capitalists (VC).
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KUALA LUMPUR: Offshore investors were back in selling mode on Bursa last week, according to MIDF Research.
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BUTTERWORTH: Seberang Prai Municipal Council (MPSP) president Datuk Rozali Mohamud will become the new mayor.
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SHAH ALAM (Bernama): The RM100mil civil suit filed by Mongolian model Altantuya Shaariibuu's family over her death in 2006 has been adjourned to June 24.
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GEORGE TOWN: SLP Resources Bhd is counting on its exports to Australia and Japan to drive the group’s top and bottom line in 2019, as domestic demand continues to contract.
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KUALA LUMPUR: JF Apex Research expects Opcom Holdings Bhd, IOI group, DBE Gurney Resources Bhd and Destini Bhd to be among the stocks to watch on Monday.
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KUALA LUMPUR: Sime Darby Property is confident of meeting its RM2.3bil sales target for 2019, underpinned by stronger property sales in the second quarter due to the official launch of the Home Ownership Campaign in March, Maybank Investment Bank Research said.
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KUALA LUMPUR: The proposed merger between Axiata Group Bhd and Telenor ASA will see the creation of more jobs and opportunities.
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PETALING JAYA: Six US attack helicopters commissioned by the Defence Ministry (Mindef) in 2016 are still waiting for “take off” as the government has ordered an investigation into the deal.
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JOHOR BARU: The government has allocated RM100mil to the Malaysian Indian Transformation Unit (Mitra) to assist the low-income group in the Indian community.
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KUALA LUMPUR: The National Entrepreneur Group Economic Fund (Tekun Nasional) has channelled business financing worth RM140mil since the beginning of this year until April 30, 2019.
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GEORGE TOWN: Seberang Prai Municipal Council (MPSP) president Datuk Rozali Mohamud is the natural choice to assume the mayor post when Seberang Prai obtains full-fledged city status sometime next month.
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GEORGE TOWN: The Seberang Prai Municipal Council (MPSP) will be upgraded to a city council status after Hari Raya Aidilfitri, says Housing and Local Government Minister Zuraida Kamaruddin.
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KUANTAN: Pahang wants the Federal Government to reconsider the payment of oil royalty or “wang ihsan” (compassionate money) to the state.
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I was based in Penang for 15 years after my graduation. 1998 – 2013.
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GEORGE TOWN: Penangites can look forward to a special bonus after Hari Raya Aidilfitri when the Seberang Prai Municipal Council (MPSP) is awarded city council status.
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PETALING JAYA: Trade war fears between the United States and China are crushing sentiment and the markets, but UEM Edgenta Bhd is confident that it will record double-digit growth in profit this year.
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BANGI: More than RM150mil will be allocated to develop the Youth Power programme, including sports and recreation facilities for the youth, says Prime Minister Tun Dr Mahathir Mohamad.
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SHAH ALAM: Political analyst Abdul Razak Abdullah Baginda’s secretary testified that her boss told her that he had only asked former police officer Azilah Hadri to guard his house and family, the High Court heard.
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SHAH ALAM (Bernama): Political analyst Abdul Razak Abdullah Baginda’s secretary said that her boss told her he had only asked former police officer Azilah Hadri to guard his house and family, the High Court was told.
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KUALA LUMPUR (Bernama): The prosecution has handed over all documents, including the remaining three, in the corruption and CBT case involving former Felda chairman Tan Sri Mohd Isa Abdul Samad to the defence, the High Court here has been told.
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KUALA LUMPUR: The proposed Kulim International Airport (KXP) – that has stirred concern from the Penang government – has the support of the Tourism Ministry which intends to use it as a “tourist gateway”. Tourism, Arts and Culture Minister Datuk Mohamaddin Ketapi described the KXP as an important project because of its location near the border with Thailand.
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PETALING JAYA: ARB Bhd’s wholly owned subsidiary, ARB Development Sdn Bhd, has entered into a sale and purchase agreement to acquire a 51% sake in C&M Renewable Energy Technology Sdn Bhd (CMSB) for RM5.5mil.
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SHAH ALAM (Bernama): Dr Shaariibuu Setev, the father of slain Mongolian Altantuya Shaariibuu, told the High Court here that he has seen the picture of a murdered Mongolian woman together with two men which was produced to in court.
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KUALA LUMPUR: ARB Bhd’s wholly-owned subsidiary, ARB Development Sdn Bhd has entered into a sales and purchase agreement (SPA) to acquire a 51% sake in C& M Renewable Energy Technology Sdn Bhd (CMSB) for RM5.5mil.
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By Lim Yin Yen Nor Hisham at the dialogue session between residents of Bukit Damansara and DBKL.
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AS MORE SMEs look for an effective way to digitise their businesses, there is an important role that telco companies can play as technology enablers to help them take the first steps in the right direction, according to Maxis head of enterprise Paul McManus.
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PUTRAJAYA (Bernama): The government announced on Saturday (April 27) a RM500mil soft loan fund with low interest rates of just 2% yearly for private smallholders to replant oil palm.
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KUALA LUMPUR: Global medical technology company Edwards Lifesciences Corp is setting up a regional business hub here and it will be investing RM100mil over the next five years.
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PETALING JAYA: Westports Holdings Bhd is poised to be one of the beneficiaries of the East Coast Rail Link (ECRL) once it is built and ready.
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KUALA LUMPUR: Nestle (Malaysia) Bhd has allocated a capital expenditure (capex) of RM220mil for this year, marking its highest capex investment in the past five years.
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KUALA LUMPUR: Global medical technology company, Edwards Lifesciences Ltd is setting up its second regional business hub in Kuala Lumpur and will be investing RM100mil over the next five years.
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KUALA LUMPUR: Ekovest Bhd has proposed to raise up to RM202.6mil by placing out as much as 256 million new shares to investors it has yet to identify.
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KUALA LUMPUR: United Plantations Bhd said net profit in the first quarter ended March 31 fell by about a third to RM66.9mil from RM100mil a year ago.
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KUALA LUMPUR: Foreign funds shifted their selling mode into a higher gear last week, selling RM433.4mil net of local equities, according to MIDF Research.
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KUANTAN (Bernama): The PeKa B40, a healthcare protection scheme for the low-income B40 group, will begin on Monday (April 15), says Deputy Health Minister Dr Lee Boon Chye.
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KUALA LUMPUR (Bernama): The trial of former Felda chairman Tan Sri Mohd Isa Abdul Samad, who was charged with one count of criminal breach of trust (CBT) and nine counts of receiving gratification totalling over RM3mil, will take place for 13 days beginning Oct 7 at the High Court.
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KUALA LUMPUR: Etika Holdings will initiate commercial processing of fresh milk with a foreign direct investment (FDI) of more than RM100mil in a move to drive the dairy industry.
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Felda Group's financial position worsened after the listing of the listing of Felda Gobal Ventures Holdings Bhd (FGV) now renamed as FGV Holdings Bhd in June 2012.
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PETALING JAYA (April 4): The Center to Combat Corruption & Cronyism (C4) has called for greater scrutiny over sale of government land, saying there were suspicious land deals that have led to the encr...
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LANGKAWI: Sapura Aerospace Technologies, a joint venture between Sapura Industrial Bhd and two Japanese aerospace companies, will be investing RM100mil over the next five years to build a high-technology facility on a 2.02-hectare site in the Greater Klang Valley.
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KUALA LUMPUR: JF Apex Research expects Vertice Bhd, N2N Connect Bhd, Rex Industry Bhd and RHB Bank Bhd to be among the stocks to watch on Thursday.
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JELEBU: The government will continue subsidising operations of 165 stage bus companies in the peninsula but a review will be conducted first on its effectiveness, says the Transport Minister.
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PETALING JAYA (March 1): Kuala Lumpur City Hall (DBKL) will preserve the biggest tropical forest within the city of KL by buying a piece of land in the Bukit Nanas Forest Reserve.
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KUALA LUMPUR: The Customs Department has curbed 325 cases of smuggling and selling contraband cigarettes and alcohol in just two months this year.
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SHAH ALAM (Bernama): “We all died the moment she did and our lives have fallen apart ever since.”
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PETALING JAYA: The Human Resources Development Fund is to undergo a complete overhaul. A committee has been set up to ensure the fund is rid of weaknesses and misuse of power among senior staff members as well as a promise by its new chairman to personally deal with allegations of graft.
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PETALING JAYA: Ancom Berhad has confirmed that its executive chairman Datuk Dr Siew Ka Wei has been remanded by the Malaysian Anti-Corruption Commission (MACC) over allegations of power abuse during his tenure as Tourism Board chairman.
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GEORGE TOWN: The Penang Island City Council’s (MBPP) expenditure of about RM300mil to RM400mil on the Bukit Kukus paired road project resulted in it recording a deficit in 2017.
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KUALA LUMPUR: XingHe Holdings Bhd is exploring a new source of revenue via the RM100mil acquisition of an aquaculture business in Kg Wakuba, Sabah.