News by Syahirah Syed Jaafar

In separate bourse filings yesterday, both parties said they had signed a memorandum of understanding for the formation of a strategic alliance in relation to the business.

CBP’s statement did not mention any other Malaysian glove maker other than WRP Asia, but the enforcement agency’s actions appear to have woken up the sector to a potential ban of companies falling foul of international labour standards.

The contract was awarded by Strength Square (M) Sdn Bhd on behalf of Seribu Baiduri Sdn Bhd, which is a subsidiary of LBS Bina Group Bhd — the major shareholder of MGB — making Seribu Baiduri a sister company.

The two will face their charges, linked to several graft probes, at the Kuala Lumpur Sessions Court here, according to the Malaysian Anti-Corruption Commission (MACC).

What's important is for us to focus on how we properly implement the MoA between MIDA and CCCC in the different details that have been spelt out in the agreement," said Ong.

TSR Capital said SPYTL had wrongfully terminated the subcontract awarded to its wholly-owned subsidiary TSR Bina Sdn Bhd.

Overseas projects contributed two-thirds of overall sales in FY19.

The contract is the group's single largest contract win to date, and the third time GDB was contracted to build high-rise residential buildings in Desa ParkCity, the group said in a statement today.

Absence of end financing is the top reason for the higher number of unsold units in the first half of 2019 (1H19), according to Rehda.

Civil service hierarchy deterred witness from clarifying Jho Low’s orders directly with Najib