News by Ahmad Naqib Idris

Lim, who holds an 11.07% stake in Tropicana, is also the chairman and founder of Top Glove, in which he controls 25.68%.

Meanwhile, those who have more than RM100,000 savings in Account 1 can now withdraw up to 10% of their savings or up to RM60,000 — whichever is lower. The amount will similarly be paid out on a staggered basis, over a maximum period of six months, with the first payment being as much as RM10,000.

Plans to purchase a 1.38ha piece of land in Bandar Kinrara, Puchong, Selangor for RM59.8 million, from Perumahan Kinrara Bhd

In a filing with the bourse, Tiong Nam said it had, from Nov 23 to Nov 26, conducted tests for a total of 267 in-house staff and subcontracted workers of the affected warehouse, after a number of its workers tested positive for the virus.

In a statement, the MoHR pointed out that the main offence by the Top Glove group was its failure to apply for an accommodation certificate from the director-general of the Department of Labour of Peninsular Malaysia (JTKSM) under Section 24D of the act, which led to the discovery of other offences, including dense, uncomfortable accommodation and lack of proper ventilation. Moreover, the buildings used as accommodation for workers did not adhere to local authority laws, it added.

Previously, the facility was only open to those that have lost their jobs or their source of income due to the pandemic.

The property investment, recreation and resort operations were also negatively impacted by the pandemic

The group declared a second interim dividend of three sen per share for FY21, bringing the total dividend payout for the financial year to five sen per share or RM41.7 million in total.

In a statement, the provident fund reiterated that its investment decisions are always based on the strategic asset allocation (SAA) framework, which optimises returns within the tolerable risk limits.

The facility will be open for application starting next month (December).