News by Arjuna Chandran Shankar

In releasing the list of 57 councils today (listed below), the Ministry of Human Resources (MoHR) said in a statement that the minimum wage would remain at RM1,100 a month in towns that are not considered as part of these councils.

According to Bloomberg, some 33 million shares worth RM10.56 million or 32 sen per share, were traded in one block at 10am this morning.

In a LinkedIn post on Sunday, PNB president and group chief executive officer Jalil Rasheed said Hafizuddin’s role is a newly created one, where he will oversee PNB’s liquidity management, funding, foreign exchange and all aspects of PNB’s treasury operations.

Malanjum, who was Chief Justice of Malaysia — the highest judicial officer in Malaysia from July 2018 to April 13, 2019 — was before that the Chief Judge of the High Court of Sabah and Sarawak cum Chief Justice of the Federal Court of Malaysia.

The utility giant said the 0.55 sen/kWh cut follows a reduction in actual coal costs for the July-December 2019 period.

Styl Associates has noted that the group had incurred a net loss of RM20.89 million for the financial year ended July 31, 2019, and had at that point of time not complied with the repayment terms of its bank borrowings.

The Taiping High Court will set the date and reserve price for the auction.

The watchlist inclusion takes effect today (Dec 4), according to an announcement yesterday by PRA to the SGX on the watchlist inclusion, which Parkson filed with Bursa Malaysia.

Verokey and Tower Ray inked a non-binding heads of terms agreement today with Hero Inc Ltd, Staycity Ltd and BSW Land and Property Ltd, who want to buy their entire stakes in Black Pearl.

In a bourse filing, the group attributed the loss to expenses stemming from land clearing, earthworks and provisions for the costs of proposed corporate exercises.