News by THEEDGEMARKETS.COM

Earnings per share, accordingly, fell to 2.6 sen from 2.82 sen, its Bursa Malaysia filing yesterday showed. Revenue fell 28% to RM402.58 million from RM557.32 million, as a majority of SunCon’s existing projects are just at their initial stage.

KLK said its manufacturing segment, which includes the oleochemical division, saw profit more than doubling to RM95.3 million from RM43.7 million, despite a drop in revenue to RM2.05 billion from RM2.44 billion, due to declining prices.

Tan Sri Ali Hamsa, who was chief secretary to the government, said Ambrin had agreed to the request from Datuk Seri Najib Abdul Razak's principal private secretary Tan Sri Shukry Mohd Salleh, who highlighted the "sensitivity of the matter".

This was revealed by former chief secretary to the government Tan Sri Ali Hamsa, who is the fourth prosecution witness in the 1MDB audit report tampering trial.

"Najib instructed me to hold a coordination meeting between the National Audit Department and former 1MDB chief executive officer Arul Kanda Kandasamy and other officers."

The Federal Court judge said a purposive reading of Article 132 reflects the administrative structure envisaged for the governance and operation of the Federation, and not to determine who can be held liable for misfeasance while holding public office.

The ICPS will be issued to shareholders at an entitlement date to be fixed on the basis of three ICPS for every four shares held and one free detachable warrant (Warrant B) for every four ICPS subscribed for.

KMK Power Sdn Bhd and KMK Green Ventures Sdn Bhd, both subsidiaries of KNM Group Bhd, filed the suit against Widad Builders Sdn Bhd (WBSB) and BSI on Nov 6, Widad said in a filing with Bursa Malaysia. 

The High Court was told that there are no other claims, including from fugitive businessman Low Taek Jho.

The silver lining is that the gradual resumption of several major infrastructure projects, such as the East Coast Rail Link, Mass Rapid Transit 2, Pan Borneo Highway, Bandar Malaysia, and Johor Bahru-Singapore Rapid Transit System, will help provide some growth support.