Newsfeed – Business News
Able Global’s Ng Keng Hoe acquitted of corruption charges
KUALA LUMPUR: Able Global Bhd’s executive director and executive chairman Ng Keng Hoe, has been discharged and acquitted of all charges related to alleged corruption, the company announced today. Read […]
Ringgit continues to retreat against greenback on profit-taking after recent gains
KUALA LUMPUR: The ringgit continued its retreat against the US dollar on profit-taking after recent gains to close lower on Friday. Read full story Date: 8 August, 2025 8:02 pm Source: thestar.com.my
Favelle Favco secures contracts worth RM77.6mil
KUALA LUMPUR: Favelle Favco Bhd has secured six supply contracts worth a total of RM77.6mil through its subsidiaries, Shanghai Favco Engineering Machinery Manufacturing Co Ltd, Favelle Favco Cranes (M) Sdn […]
SkyWorld buys RM82.7mil land in Penang for prefab factory
PETALING JAYA: SkyWorld Development Bhd had inked a sales and purchase agreement to acquire four adjoining parcels of land in Seberang Perai Tengah, Penang for RM82.7mil cash. Read full story […]
Paramount acquires 295-acre Kulim land for RM128.7mil, plans RM946mil GDV project
KUALA LUMPUR: Paramount Corp Bhd is acquiring four contiguous parcels of freehold land totalling 295.55 acres in Bandar Lunas, Kulim, Kedah, in a strategic move to replenish its landbank in […]
Hong Seng sells 32.6% stake in Classita to NexG for RM60.3mil
PETALING JAYA: Hong Seng Consolidated Bhd has sold its 32.61% stake in Classita Holdings Bhd to NexG Bhd for RM60.3mil or 15 sen a share via a direct business transaction. […]
Mieco Chipboard’s unit, K-One Corp ink MoU for wood pellet supply deal
KUALA LUMPUR: Mieco Chipboard Bhd’s wholly owned subsidiary Mieco Manufacturing Sdn Bhd has signed a memorandum of understanding (MoU) with K-One Corporation for the supply of 160,000 tonnes to 200,000 tonnes […]
Unlicensed futures trader gets 20 years’ jail, RM9mil fine for unlicensed trading, fraud
PETALING JAYA: The Kuala Lumpur Sessions Court has sentenced Mohd Azhidi Laili to a total of 20 years imprisonment and a fine of RM9mil for unlicensed activities and derivatives fraud. […]
Late buying interest pushes FBM KLCI to close at day’s high
KUALA LUMPUR: Last-minute buying interest pushed the FBM KLCI to close at its intraday high on Friday, after a subdued session earlier in the day. Read full story Date: 8 […]
Singapore, Malaysia collaborate on skills training for JS-SEZ
SINGAPORE: Institutes of higher learning in the Island Republic are working with their counterparts in Malaysia to train people on the necessary skills needed in the Johor-Singapore Special Economic Zone […]