News by Tan Xue Ying

The boardroom changes came on the heels of the suspension of Ooi Chieng Sim, Heng Huat's chairman who was redesignated as non-executive director after he and seven others were charged with drug trafficking in Bukit Mertajam.

According to the latest available statistics, Malaysia has welcomed over two million tourists that are of Chinese nationality per year since 2016.

Investors should not jump the gun and panic sell their investments — analyst

The contract, awarded to its wholly-owned unit Kerjaya Prospek (M) Sdn Bhd by an indirect subsidiary of Eastern & Oriental Bhd (E&O), is for the execution and completion of roadworks, water reticulation system, street lighting works and all associated works for the proposed STP2 in Timur Laut.

The group's current orderbook stands at RM850 million, which would sustain its earnings over the next two years.

Malaysia Airlines clarified that it does not fly over the airspace of Iraq on its flights to and from London, Jeddah and Medina. The airline added that it will be avoiding the Iranian airspace due to recent events and stressed that safety is of utmost importance.

She said the cabinet's move to raise minimum wages by RM100, from RM1,100 to RM1,200, is reasonable and will not cause significant impairment to the bottom lines of employers.

G&L said in a press statement today that in June 2018, G&L reported to China's Public Security Bureau (PSB), claiming that OldTown's indirect wholly-owned unit Shenzhen Kopitiam Asia Pacific Ltd (SZKAP) granted the trademark to OldTown's China franchisees despite OldTown having full knowledge that it did not own the OldTown trademark.

This is despite the trust having completed developments and acquisitions worth over RM600 million over the past two years, bringing its total assets managed to more than RM3 billion.

In a note today, S&P Global Ratings said it believes Genting Bhd will support the outstanding debt at newly-acquired Empire Resorts Inc to maintain its brand and reputation, even as it expands its Singapore and Las Vegas properties.