<div class=newsTextDataWrapInner>This article first appeared in The Edge Financial Daily on June 11, 2019 - June 17, 2019</div><div class=newsTextDataWrapInner>KUALA LUMPUR: Oil palm planter Kim Loong Resources Bhd said a fire at its palm oil mill in Kota Tinggi, Johor on Sunday will disrupt its operations for at least two weeks. It is probing the cause of the fire and damage to the processing equipment.</div>

<div class=newsTextDataWrapInner>“No one was injured in the incident. The [fire] has since been put out,” it said in a filing with Bursa Malaysia yesterday. “We are assessing the financial impact on the company and will make an immediate announcement once determined.”</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Kim Loong’s net profit fell 46% to RM52.12 million in the financial year ended Jan 31, 2019 (FY19), from RM96.55 million in the previous year. Revenue dropped 1.8% to RM872.94 million from RM1.08 billion in FY18.</div>

KUALA LUMPUR: Oil palm planter Kim Loong Resources Bhd said a fire at its palm oil mill in Kota Tinggi, Johor on Sunday will disrupt its operations for at least two weeks. It is probing the cause of the fire and damage to the processing equipment.

“No one was injured in the incident. Th...

Kim Loong halts palm oil mill operations for at least two weeks after fire

AirAsia has become the first international airline to operate commercial flights to Port Blair (Sri Vijaya Puram) in India's Andaman and Nicobar Islands.

AirAsia lands in Port Blair in the Andamans

President Volodymyr Zelenskiy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy, commenting at a decisive moment after Donald Trump's US presidential election win and Russia's grinding battlefield gains.

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Inmates placed under the house arrest will wear monitoring devices to track their locations after the Bill is passed in Parliament, Home Minister Datuk Seri Saifuddin Nasution Ismail.

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Tropicana Corporation Bhd (KL:TROP) has previewed the Skypark Kepler branded residence at Hilton Orchard, Singapore on Saturday. The branded serviced residence is the first phase of Tropicana’s 163-acre Lido Waterfront Boulevard mixed-use development in Johor.

Tropicana previews Skypark Kepler branded residence, Johor in Singapore

The investigation involving FashionValet Sdn Bhd founding couple over the investment loss of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) is expected to be completed in two weeks.

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The Philippines evacuated tens of thousands of people from their homes and cancelled dozens of flights on Saturday, as a super typhoon threatened to unleash heavy rains and powerful winds that could trigger floods and storm surges.

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The Bandar Teknologi Maju Perlis project in Chuping, set to begin next year, is expected to create around 2,000 direct job opportunities in technology fields.

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China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition.

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Seven flood mitigation projects (RTB) are currently underway in Melaka, involving a total allocation of RM1.006 billion, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

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SHANGHAI (Nov 16): China is willing to be partners and friends with the US, China's ambassador to Washington said, seeking to strengthen dialogue between the world's two largest economies.

China has no plan to surpass or replace the US, Xie Feng said in a speech in Hong Kong on Friday, ...

China willing to be partners, friends with US, Chinese envoy says

AirAsia has become the first international airline to operate commercial flights to Port Blair (Sri Vijaya Puram) in India's Andaman and Nicobar Islands.

China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition.

The investigation involving FashionValet Sdn Bhd founding couple over the investment loss of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) is expected to be completed in two weeks.

Tropicana Corporation Bhd (KL:TROP) has previewed the Skypark Kepler branded residence at Hilton Orchard, Singapore on Saturday. The branded serviced residence is the first phase of Tropicana’s 163-acre Lido Waterfront Boulevard mixed-use development in Johor.

Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his US$36 billion (RM161.06 billion) firm and cost its lenders more than US$10 billion, federal prosecutors said on Friday.

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Prime Minister Datuk Seri Anwar Ibrahim's maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation (Matrade).

RM1.24b potential exports to Peru generated — Anwar

The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.

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Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.

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The Bandar Teknologi Maju Perlis project in Chuping, set to begin next year, is expected to create around 2,000 direct job opportunities in technology fields.

China and the European Union have reached “technical consensus” in their talks aimed at scaling back or reversing tariffs that the bloc applied to China-made electric vehicles (EVs), according to a posting on a Weibo account affiliated with the state-run China Central Television (CCTV).

China, EU reach ‘technical consensus’ in EV talks — report

A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.

EV companies, battery makers urge Trump not to kill vehicle tax credits

President Volodymyr Zelenskiy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy, commenting at a decisive moment after Donald Trump's US presidential election win and Russia's grinding battlefield gains.

Malaysia and the Republic of Guinea should intensify their engagement, particularly in market access and technical assistance, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

Malaysia, Guinea should enhance engagement in technical assistance, says Liew

The Philippines evacuated tens of thousands of people from their homes and cancelled dozens of flights on Saturday, as a super typhoon threatened to unleash heavy rains and powerful winds that could trigger floods and storm surges.

Inmates placed under the house arrest will wear monitoring devices to track their locations after the Bill is passed in Parliament, Home Minister Datuk Seri Saifuddin Nasution Ismail.

SHANGHAI (Nov 16): China is willing to be partners and friends with the US, China's ambassador to Washington said, seeking to strengthen dialogue between the world's two largest economies.

China has no plan to surpass or replace the US, Xie Feng said in a speech in Hong Kong on Friday, ...

Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.

Musk's political ascendancy stirs hopes of redemption for X banks

Seven flood mitigation projects (RTB) are currently underway in Melaka, involving a total allocation of RM1.006 billion, said Deputy Prime Minister Datuk Seri Fadillah Yusof.