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April 25, 2018 4:14 AM SC's audit oversight board sanctions auditor for poor quality audit work

PETALING JAYA: The Securities Commission Malaysia's (SC) audit oversight board (AOB) has reprimanded and fined Tang Boon Hiap of CHI-LLTC a sum of RM225,000 for failure to comply with the International Standards on Auditing when auditing a public-listed company. The commission said in a statement that compliance with auditing standards when auditing 11

April 19, 2018 1:13 PM Maxis earnings up 4.2% to RM523m in first quarter

PETALING JAYA: Maxis Bhd saw its net profit rise 4.18% to RM523 million in the first quarter ended March 31, from RM502 million in the previous corresponding quarter. Revenue for the quarter declined 5.8% to RM2.2 billion, compared with RM2.4 billion in the same period last year. “We delivered a steady quarter with solid earnings before interest, tax, depreciation 10

April 19, 2018 1:12 PM Nestle Malaysia pays RM7.2m interest for intra-group loan

In a filing to Bursa Malaysia, Nestlé said, its wholly-owned unit, Nestle Manufacturing (M) Sdn Bhd, had obtained an IGL of US$68 millon (RM264 million) from NTC-MEA for general corporate purposes. — Reuters picKUALA LUMPUR, April 19 ― The interest charges paid for intra-group loan (IGL) from Nestle Treasury Centre-Middle East and Africa Ltd (NTC-MEA) 10

April 19, 2018 11:09 AM Liow: GST exemption for ECRL project benefits Malaysians

Datuk Seri Liow Tiong Lai said the GST exemption granted to the contractor of East Coast Rail link (ECRL) will benefit Malaysians in the end. — Picture by Azinuddin Ghazali BENTONG, April 19 — The exemption on Goods and Services Tax granted to the contractor of East Coast Rail link (ECRL), China Communications Construction Company (CCCC) will benefit 9

April 19, 2018 7:27 AM PSM candidates declare assets

Parti Sosialis Malaysia’s GE14 candidates pose for a group photo after declaring their assets today. ― Picture by Ahmad ZamzahuriKUALA LUMPUR, April 19 ― Parti Sosialis Malaysia’s (PSM) election candidates publicly declared their assets today. PSM secretary-general Sivarajan Arumugam said his party has implemented the practice since 1999. “We want the public 6

April 18, 2018 9:43 AM MIC not ruling out seat swap but confident of contesting in Cameron Highlands

KLANG: MIC president Datuk Seri Dr S. Subramaniam has not ruled out the possibility of a swap of seats between the party and other Barisan Nasional components as a strategy to ensure a BN victory in the 14th general election on May 9. The caretaker Health Minister also revealed six of the nine parliamentary seats the MIC would contest, namely Sungai 19

April 17, 2018 3:15 PM Columbia Asia Group now owns 99.12% of Malaysia-based subsidiary

PETALING JAYA: Columbia Asia Group now owns 99.12% of subsidiary Columbia Asia Sdn Bhd (CASB) after it completed the purchase of the Employees Provident Fund’s 29.72% interest recently. Columbia Asia Group did not disclose the purchase price, noting that the “transaction between the two parties is under a mutual confidentiality”. “There is no change 8

April 17, 2018 7:24 AM Temasek said interested in buying into HNA’s Hong Kong airlines

A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. — Reuters picSINGAPORE, April 17 — Singapore state investor Temasek Holdings has expressed interest in buying into Chinese conglomerate HNA's Hong Kong-based carriers, Hong Kong Airlines and Hong Kong Express Airways, according to a source familiar with the matter 9

April 17, 2018 5:54 AM Is MIC contesting Cameron Highlands? Ask Kayveas, says Dr Subramaniam

When asked to confirm this today, Dr Subramaniam pointedly told reporters to take the MyPPP president’s remark at face value. ― Picture by Shafwan ZaidonPUTRAJAYA, April 17 — Conflict is brewing within Barisan Nasional (BN) over the Cameron Highlands parliamentary seat, with MIC and MyPPP both indicating interest. The seat is currently held by former 7

April 12, 2018 9:27 AM Will Isa Samad be fielded in Port Dickson?

Datuk Seri Mohamad Hasan confirmed that Tan Sri Mohd Isa Abdul Samad (pic) has been proposed as an Umno candidate in Negri Sembilan. ― Bernama picKUALA LUMPUR, April 12 — Scandal-hit Tan Sri Mohd Isa Abdul Samad has been proposed as an Umno candidate in Negri Sembilan, caretaker mentri besar Datuk Seri Mohamad Hasan was quoted confirming. In a BH Online 6