KUALA LUMPUR: Datuk Mazlin Md Junid, 52, who was redesignated as a non-executive director of Daya Materials Bhd from president and chief executive officer effective June 30, said it is “business as usual” for the integrated oil and gas (O&G) player. According to Mazlin, stepping down from the day-to-day role is part of his succession […]

KUALA LUMPUR: Ceramic ware manufacturer Goh Ban Huat Bhd (GBH) has gained an immediate avenue into the oil and gas (O&G) industry, following a RM632 million reverse takeover (RTO) by Dynac Sdn Bhd. Dynac provides contract work, support products and services to the O&G industry. The announcement by GBH confirmed The Edge Financial Daily’s report yesterday. […]

KUALA LUMPUR: China-based sports footwear and apparel maker K-Star Sports Ltd, which is listed on the Main Market of Bursa Malaysia, is hopeful of a reversal in fortune beginning next year, after seeing losses in 2012 and 2013. Ding Jian Ping, executive chairman of K-Star Sports, told The Edge Financial Daily in an interview last […]

KUALA LUMPUR: The RM1.23 billion intercity rail transit system project in Iskandar Malaysia, Johor, which was to be jointly developed by Malaysia Steel Works (KL) Bhd (Masteel) and KUB Malaysia Bhd, is back on the government’s radar, following the appointment of a permanent transport minister on Wednesday. Masteel chief executive officer and managing director Datuk […]

KUALA LUMPUR (June 26): The newly-listed Boustead Plantations Bhd (BPB) intends to focus on improving its operational efficiency before acquiring more plantation land. Its Vice Chairman Tan Sri Lodin Wok Kamaruddin said the company was more concerned with improving production efficiency using better seeds and agronomic practices at its estates, as it attempts to replace […]

SEPANG: The government will conduct an audit to address claims that the cost of building klia2 has ballooned to over RM4 billion, said Acting Transport Minister Datuk Seri Hishammuddin Hussein. He said getting the new low-cost carrier terminal up and running was the priority earlier, but now that it is operational the government will look […]

KUALA LUMPUR (June 20): Malaysian Resources Corp Bhd (MRCB), Nusa Gapurna Development Sdn Bhd (NGD) and the Selangor State Development Corp (PKNS) have reached an out-of-court settlement to resolve disputes over the ownership of the proposed RM3 billion PJ Sentral mixed project in Petaling Jaya, Selangor. In a statement to the stock exchange today, MRCB […]

KUALA LUMPUR (June 19): The Malay Economic Action Council (MTEM) has called upon the YTL Group and its high-profile managing director Tan Sri Francis Yeoh to “prove their innocence of cronyism”. Francis Yeoh has come under fire after he said recently Malaysia needed to do away with “crony capitalism” like foreign countries, although Yeoh was […]