Tropicana to raise RM1.5b via sukuk to repay borrowings
In a filing with Bursa Malaysia, the group said the proceeds will also be used for capital expenditure, investments and working capital.
Tiger Synergy announces new cash calls after aborting earlier exercise
This comes after the group last month aborted similar cash calls announced on Feb 12, to raise up to RM80 million.
EPF sues Ikhmas Jaya unit over payment arrears
Ikhmas Jaya said its board is negotiating with EPF for settlement via instalments.
TA Global halts operations of six hotels due to Covid-19
The other hotels are located outside Malaysia — two in Thailand, two in Canada and one in Australia.
Continuation of large-scale infra projects to provide additional lift to economic growth: BNM
BNM estimated that capital spending on major transport infrastructure projects of about RM15 billion is expected to lift 2020 gross domestic product (GDP) by 1 percentage point (ppt).
Hijab-wearing Malaysian wrestler named in Forbes' 30 under 30 Asia list
Nor “Phoenix” Diana, 20, is Malaysia’s first hijab-wearing female pro wrestler.
No glove shortage in Malaysia, don’t profiteer, says Margma
The glove association said Malaysia only requires about 120 million pieces per year. It will merely take the industry six hours of production time to churn out this annual quantity.
RHB first local bank to waive compound of interest or profit during six-month moratorium
Two foreign banks here — HSBC and OCBC — have announced this as well recently.
LBS Bina shares up 14% after Top Glove founder emerges as substantial shareholder
At 9.40am, LBS Bina pared some gains to trade at 38.5 sen, still up 10%, bringing a market capitalisation of RM530.18 million. The group saw some 492,600 shares traded.
Malaysian business sentiments hit record low in 2Q amid COVID-19 outbreak
The last time Malaysia’s business optimism recorded negative was the fourth quarter of 2015.
