Serba Dinamik, MR DIY, Inari Amertron, Fitters Diversified, AwanBiru, Caely, Maybulk and IWCity
Hafiz had an additional RM1 million compound imposed on him for falsifying the accounting records of a Serba Dinamik subsidiary. He disposed of 9.9 million shares, or a 0.267% stake, at 10 sen each in the open market. Goh and Chin bought 160 million shares each from Pacific Carriers Ltd, an entity controlled by tycoon Robert Kuok, last month. The 320 million shares in total is equivalent to a 32% stake. Despite his exit from the board of the lingerie maker, Ng still owns a 16.96% stake (43.79 million shares), and a 7.04% indirect stake (18.19 million shares).
Source:The Edge Markets
May 14, 2022 04:45 UTC
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Woman was bruised, in shock and could barely sit after meeting Hedley’s Jacob Hoggard, roommate testifies
I didn’t recognize the person,” said a friend who saw the complainant in person the next day. The roommate testified that the complainant showed her significant bruising on her pelvic region and legs. Hoggard’s defence lawyer, Kally Ho, said the friend also told police the complainant was a bit embarrassed and had mixed emotions. She said she didn’t know the specific words used but that the complainant told Hoggard he forced her to do sexual acts. She said she never intended to have sex with Hoggard that day and thought they’d be having lunch in downtown Toronto.
Source:The Star
May 13, 2022 20:12 UTC
Serving scammers in Myanmar, job scam victim reveals
GEORGE TOWN: A job scam victim now trapped in Myanmar got in touch with Jelutong MCA and alleged a sordid tale of misery. The victim claimed he was now in a tightly guarded area where reluctant trafficked people were forced to call prospective victims from around the world. "We believe the victims are in the Mamwadi area where the Myanmar government is not in control. "We understand that the victims are placed at Mamwadi, which is a 'paradise' for scam syndicates. Jelutong MCA chairman Chuah Chin Chuon said Penang MCA received four reports on job scam victims and are helping the families bring their loved ones back.
Source:The Star
May 13, 2022 19:24 UTC
Foreign shareholding in Sime Darby Plantation at two-year high
KUALA LUMPUR (May 13): Sime Darby Plantation Bhd saw its foreign shareholding jump to 10.31% in April 2022, the highest since March 2020. According to an update on the company's website, its foreign shareholding rose 83 basis points from 9.48% in March to reach the current level. The company’s foreign shareholding previously hit a record low of 8.94% in January 2022 — which was also hit in July 2021 — according to the foreign shareholding chart which dates back to December 2017. The company’s foreign shareholding has been on an upward trend since January’s low as it rose to 9.24% in February, 9.48% in March and subsequently to the two-year high of 10.31% in April. In March 2020, the company’s foreign shareholding stood at 10.34%.
Source:The Edge Markets
May 13, 2022 19:05 UTC
Malaysia bags nearly RM2b investment from TF AMD
WASHINGTON, DC (May 13): Malaysia has secured nearly RM2 billion investment via semiconductor company TF AMD Microelectronics (Penang) Sdn Bhd following the handover of the Malaysian Investment Development Authority’s (MIDA) approval letter to the company on Thursday (May 12). According to Azmin, TF AMD has invested about RM900 million in Malaysia to date. “TF AMD has played an integral role in developing the capacity and capability we witness in Malaysia's semiconductor ecosystem today. “I am optimistic that this partnership will see another 50 years and I look forward to be on this growth journey with TF AMD. “To TF AMD, I say, 'We value your partnership, and we look forward to another 50 years in Malaysia,'” he tweeted.
Source:The Edge Markets
May 13, 2022 16:51 UTC
NSE crash: Trailer driver had record of nine offences, 12 demerit points
KUALA KANGSAR: The trailer driver who was arrested in connection with a fiery accident, killing five students on the North-South Expressway northbound late Wednesday (May 11) has nine offences in Road Transport Department (JPJ) records with eight 'settled' and another still active. JPJ in a statement Friday (May 13) said the results of a check in its mySikap system found that the offences and 12 demerit points under the Demerit Points System For Traffic Offences (Kejara) could lead to suspension or revocation of a driving licence. The statement also said JPJ viewed the incident seriously and would not compromise on any non-compliance by commercial vehicle operators. At the same time, the students in a car were behind the trailer, while another trailer carrying iron railings in the same direction behind the car could not brake in time and crashed into the back of the car. The trailer then propelled the car forward until it crashed into the back of the mosaic-loaded trailer (before the car burst into flames).
Source:The Star
May 13, 2022 15:54 UTC
GST and ‘cash is king’ rule debate
Kuala Lumpur: Are cash giveaways the way to solve the problems of the masses and would the goods and services tax (GST) have helped? If GST had been maintained, I’m confident Malaysians would have had an easier life now,” said Najib during the debate televised live on Astro Awani. Fishermen used to get RM300 a month.”Answering a question later, Najib clarified his “cash is king” motto, claiming that the term “king” in the phrase referred to the rakyat. On GST, Anwar said it wasn’t a fair taxation system, given that most Malaysians are still economically affected by Covid-19. It started off with a debate on the ailing Sapura Energy Bhd, with Najib saying Malaysians would lose out if it was not saved.
Source:The Star
May 13, 2022 11:11 UTC
Swimming Sikh set to soar again
The 21-year-old is determined to make the podium again when he takes to the pool at the My Dinh Aquatic Centre in Hanoi this week. Then, he took bronze in the 4x200m freestyle with Welson Sim, Khiew Hoe Yean and Keith Lim. Singapore and hosts Vietnam are expected to dominate the swimming competition but Arvin is only focused on his own performance. Swimming is a sport where it is you versus your time. The others are Welson, Hoe Yean and woman breaststroker Phee Jinq En.
Source:The Star
May 13, 2022 07:03 UTC
Serba Dinamik, executives complete settlement of SC compound
KUALA LUMPUR: Serba Dinamik Holdings Bhd has announced that the company and its top executives have completed the full settlement of their compounds imposed by the Securities Commission. It said in a statement that the payment was made on May 9, 2022, for a total amount of RM16mil. As at 12.30pm, shares in Serba Dinamik were up three sen higher to nine sen on 291 million shares traded. The share has lost nearly 75% of its value since its trading suspension was lifted earlier this week. The company's warrants were up one sen or 50% to three sen per unit.
Source:The Star
May 12, 2022 22:59 UTC
Covid-19: Second voluntary booster available for those 60 and up, at-risk 18 to 59-year-olds
PETALING JAYA: Those aged 60 and above can receive a second Covid-19 vaccine booster dose voluntarily four to six months after their first booster, says Khairy Jamaluddin. The Health Minister added that those aged between 18 and 59 could also receive a second booster dose of a Covid-19 vaccine if they met certain criteria. “The intake of this second booster dose vaccine is voluntary,” he added. Meanwhile, Khairy said the antiviral drug Paxlovid has been used since April 15 to treat Covid-19 patients. “To date, the priority of Paxlovid treatment has been the high-risk group of Covid-19 patients with mild to moderate symptoms,” said Khairy.
Source:The Star
May 12, 2022 22:59 UTC
Kelington unit bags RM80m contract in China
KUALA LUMPUR (May 12): Kelington Group Bhd's wholly-owned unit, Kelington Engineering (Shanghai) Co Ltd, has bagged a contract to perform gas hook up works in Beijing, China. In a filing with Bursa Malaysia, Kelington said the 123 million yuan contract (worth approximately RM80 million), was awarded by China's largest semiconductor foundry. The engineering solutions provider, however, did not specify the client. Kelington's share price fell six sen to close at RM1.09 on Thursday (May 12). This gives the company a market capitalisation of RM703.32 million.
Source:The Edge Markets
May 12, 2022 22:58 UTC
Cover Story: What a weak Ringgit means for Malaysia
A current concern is that a prolonged period of a weak ringgit, coupled with a rise in commodity and food prices, will lead to added inflationary pressures. Malaysia also imported around RM8 billion worth of vegetable oils and fats from Indonesia last year,” says UOB Malaysia senior economist Julia Goh. Malaysia imports a significant amount of its food — RM51.4 billion in food products compared to RM38.7 billion in exports in 2021. Economists anticipate food inflation to increase for some time. Nazmi believes the rise in food prices will remain within the range of 4% and 5% y-o-y before easing off towards year-end.
Source:The Edge Markets
May 12, 2022 18:00 UTC
Maybank, RHB Banking Group to increase BR, BLR by 25bps
KUALA LUMPUR (May 11): Malayan Banking Bhd (Maybank) and RHB Banking Group have announced they will be revising their base rate (BR) and base lending rate (BLR) upwards by 25 basis points (bps). This is in line with Bank Negara Malaysia's move to raise the overnight policy rate (OPR) by 25bps to 2%. Similarly, Maybank's Islamic BR and base financing rate (BFR) will be increased by 25bps from 1.75% p.a. Meanwhile, RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase BR from 2.5% p.a. "In line with the revision, RHB Bank and RHB Islamic Bank's fixed deposit rates will also be revised upwards effective the same date," added RHB.
Source:The Edge Markets
May 12, 2022 01:56 UTC
CPO futures end higher on expectation of stronger exports
KUALA LUMPUR (May 11): The benchmark crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives recovered from yesterday’s losses to end higher on Wednesday on expectation of stronger exports, dealers said. Exports of Malaysian palm oil products from May 1 to 10 rose 40.3% from the same period in April, according to cargo surveyor Intertek Testing Services. Palm oil trader David Ng said traders expect an increase in demand for Malaysian palm oil amid Indonesia’s ongoing ban on exports of the vegetable oil. CPO prices were also tracking gains in bean oils in benchmark markets, as well as higher energy prices, he added. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Source:The Edge Markets
May 11, 2022 21:10 UTC
QuickCheck: Is a local tour agency offering flight tickets at unbelievably cheap prices?
A foreign-based website is supposedly offering flight tickets from a Malaysian tour agency at a massive discount, in contrast to the soaring ticket prices from airlines both local and foreign. He said scammers were advertising the sale of the "flight tickets" on the "cafe.naver.com/mymalaysia" website. "The website supposedly sells tickets handled by 'Syarikat Apsan Travel and Tour Sdn Bhd'. After payments are made, victims do not receive any flight tickets, he said. He also advised the public to check the bank account numbers or phone numbers of prospective sellers on the http://ccid.rmp.gov.my/semakmule website.
Source:The Star
May 11, 2022 16:57 UTC