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June 22, 2018 1:20 PM Federal Court's decision does not impair Petronas to pursue legal actions

KUALA LUMPUR: The Federal Court's decision in dismissing an application from Petroliam Nasional Berhad (Petronas) for leave to commence a legal challenge against the Sarawak government, does not in any way impair the national oil company's ability to further pursue its legal actions, with the intent to seek clarity on its rights and position under the Petroleum 4

June 22, 2018 11:04 AM Comfort Gloves buys Perak land for RM13.22m

PETALING JAYA: Comfort Gloves Bhd is acquiring a piece of land measuring about 157,500 square metres in Kinta, Perak for RM13.22 million. The company said its wholly owned subsidiary Comfort Rubber Gloves Industries Sdn Bhd had on June 22 entered into a sale and purchase agreement with Nestle Manufacturing (Malaysia) Sdn Bhd for the land purchase 5

June 21, 2018 1:01 PM Sapura Energy wins contracts worth RM1.8 billion

PETALING JAYA: Sapura Energy Bhd has secured nine new contracts valued at RM1.8 billion, bringing the accumulative value in contract wins to date to RM4.5 billion for the group. The combined value represents a three fold jump compared with the value achieved in the same corresponding period of the previous year, between February to June 2017. Through 5

June 21, 2018 1:00 PM Kenanga appointed underwriter of Nova Wellness IPO

KUALA LUMPUR: Nova Wellness Group Bhd, which is involved in the nutraceutical industry in Malaysia, has signed an official underwriting agreement recently with Kenanga Investment Bank Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities). Kenanga Investment will act as the company’s principal 4

June 21, 2018 7:20 AM Finance Ministry to pump additional RM2.8b into TRX project

PUTRAJAYA: The Finance Ministry will inject an additional RM2.8 billion to fund the completion of Tun Razak Exchange (TRX). Finance Minister Lim Guan Eng said the funds will be used to complete all the necessary infrastructure works in TRX as TRX City Sdn Bhd (TRXC) does not have the funds to complete the project. TRXC, formerly known as 1MDB Real Estate 3

June 21, 2018 5:50 AM One week left to submit nomination for JCIM SDA 2018

PETALING JAYA: Wish to get some recognition for your sustainable development project? Look no further as all you need to do is submit your project to the Junior Chamber International Malaysia (JCIM) and be in the running for the JCIM's Sustainable Development Award. While getting recognition for the project, you could also help your company's CSR project 5

June 20, 2018 11:07 AM MYEG explores payment processing in the Philippines

PETALING JAYA: MY E.G. Services Bhd (MYEG) is looking to register its associate company I-Pay MYEG Philippines Inc as a financial technology solutions business enterprise license applicant in the Cagayan Special Economic Zone and Freeport. In a filing with Bursa Malaysia today, MYEG said I-Pay MYEG has entered into a memorandum of understanding (MOU) 4

June 20, 2018 12:39 AM Brazil Supreme Court to consider Lula appeal

BRASÍLIA: Brazil's Supreme Court is scheduled to rule Tuesday on the latest effort by former president Luiz Inacio Lula da Silva to be freed, pending new appeals to his 12-year corruption sentence. Lula, 72, has been behind bars since April after being convicted of accepting a seaside apartment as a bribe from the big Brazilian OAS construction company 7

June 19, 2018 12:54 PM Tokio Marine to buy two SE Asian insurers

TOKYO: Tokio Marine Holdings said today it has agreed to acquire two insurance companies in Southeast Asia from Insurance Australia Group for ¥42.8 billion (RM1.5 billion) to bolster its operations in a fast-growing market. The Japanese insurance company will take a 98.6% stake in Safety Insurance Public in Thailand and an 80% stake in PT Asuransi Parolamas 5

June 19, 2018 11:53 AM GHL Systems: RM40m from private placement to finance purchase of Paysys

PETALING JAYA: GHL Systems Bhd will be deploying RM40 million out of the RM84.5 million raised from a private placement exercise, to fund the proposed acquisition of Paysys (M) Sdn Bhd to expedite the process. The group had previously stated in a circular to its shareholders dated May 16, 2018 that the acquisition will be funded through a combination 5