News by Justin Lim

Nine Covid-19-related deaths were reported today, and Penang emerged among the top three contributors of new daily cases in the nation.

"Beginning from Jan 1, 2021 until June 30, 2021, the government has approved an ICPT (Imbalance Cost Pass-Through) rebate of two sen/kWh for all customers including domestic customers with monthly consumption of 300kWh and below.”

Kossan halted operations at the plant from Dec 4 after 427 employees tested positive during company-wide screenings of closed to 7,000 employees.

They include consumer electronics player Panasonic Manufacturing Malaysia Bhd, condom manufacturer Karex Bhd, and electronics manufacturing service provider ATA IMS Bhd.

“With the prospects of the durian industry, the board is optimistic that the proposed acquisition will enable the group to build on the existing durian business operations, to ensure a steady supply of fresh and processed durian fruits and to increase the production and processing capacity.”

The land parcels also come with two units of three-storey semi-detached factories erected on them.

BLand said its wholly owned subsidiary Berjaya Engineering Construction Sdn Bhd on Dec 14 entered into a sale and purchase agreement with Deru Klasik Sdn Bhd for the land acquisition.

Under the proposal, TAG shareholders are given the choice of either a cash offer of 28 sen per existing share held, or a share swap based on an exchange ratio of 0.4211 new ordinary shares in TAE to be issued at 66.5 sen each for every TAG share surrendered.

The project in Langkawi will have a premium outlet, an International Cultural and Tourism Village, a hotel, and food a beverage outlets, according to Bina Darulaman's stock exchange filing today. Perbadanan Kemajuan Negeri Kedah has a 67.28% stake in the company as of May 29, 2020.

The hotel sits on a parcel of freehold land measuring at 2.5 acres, and has ceased operations.