PAPAR (May 31): Prime Minister Datuk Seri Anwar Ibrahim on Wednesday announced several additional allocations for infrastructure projects in Papar, including the Pengalat-Papar Bypass project costing RM538 million.

He said the government also allocated RM67 million for the Lok Kawi Road...

Over RM500 mil additional allocation to build Pengalat-Papar Bypass — Anwar

Prime Minister Datuk Seri Anwar Ibrahim has called on Malaysians to tap into the strength of the current government to jointly develop the country and its multiracial and multireligious society.

He said that a country can only fully progress, including on matters concerning race and religion, when there is a stable government with the full backing of the people.

Tap into strength of the Govt to jointly develop multi-racial Malaysia — PM

This year, even before the northern hemisphere hot season began, temperature records were being shattered. Spain for instance saw temperatures in April (38.8°C) that would be out of the ordinary even at the peak of summer. South and south-east Asia in particular were hammered by a very persistent heatwave, and all-time record temperatures were experienced in countries such as Vietnam and Thailand (44°C and 45°C respectively). In Singapore, the more modest record was also broken, as temperatures hit 37°C. And in China, Shanghai just recorded its highest May temperature for over a century at 36.7°C.

Why 40°C is bearable in a desert but lethal in the tropics

Practice Note 17 company Serba Dinamik Holdings Bhd said it is unable to released its financial results for the third quarter report ended March 31, 2023 (3QFY2023) by the May 31 deadline due to a "significant loss of manpower and loss of critical personnel".

"The board would like to stress that they are taking serious steps toward identifying suitable replacement candidates to rectify these issues," the group said, adding that it now expects to issue the 3QFY2023 report by June 7.

Serba Dinamik says couldn’t release 3Q results by May 31 due to 'significant loss of manpower'

Here is a brief recap of some corporate announcements that made news on Wednesday (May 31): CIMB Group Holdings Bhd, Hong Leong Bank Bhd, PPB Group Bhd, IHH Healthcare Bhd, Capital A Bhd, Leong Hup International Bhd, Guan Chong Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Duopharma Biotech Bhd, Bintulu Port Holdings Bhd, EG Industries Bhd, Ekovest Bhd, Datasonic Group Bhd, Samchem Holdings Bhd, Radium Development Bhd and YNH Property Bhd.

CIMB, HLB, PPB, IHH, Capital A, Leong Hup, Guan Chong, Takaful, Duopharma Biotech, Bintulu, EG, Ekovest, Datasonic, Samchem, Radium and YNH

Ekovest Bhd’s net loss doubled to RM15.86 million in the third quarter ended March 31, 2023 (3QFY2023) from RM7.96 million a year ago, despite improved revenue, as interest expenses rose while it booked a deferred tax expense of RM38.72 milion.

Ekovest's 3Q net loss doubles on higher interest, tax expenses

YNH Property Bhd independent and non-executive directors Ching Nye Mi @ Chieng Ngie Chay, 75, and Ding Ming Hea, 59, have resigned from the property developer’s board, effective May 31.

Ching and Ding have served the company for over 12 years, according to the group’s filing on local bourse on Wednesday (May 31).

Two directors resign from YNH Property

Kumpulan Kitacon Bhd via its wholly-owned subsidiary Kitacon Sdn Bhd has accepted a letter of award (LOA) for main buildings and associated works from Boustead Balau Sdn Bhd, a subsidiary of Boustead Holdings Bhd.

Kumpulan Kitacon bags RM80 mil construction contract in Hulu Langat

Independent Power Producer (IPP) Malakoff Corp Bhd said that its power plants including its coal plants will continue to run until 2031 and 2041 as agreed through its Power Purchasing Agreements (PPA) with the government made through Tenaga Nasional Bhd (TNB).

The group believes that by 2041, it will be able to either "switch off" or continue for security reasons, if need be.

Power plants will continue until 2031-2041 to ensure energy security, says Malakoff

The high allocation given to Sabah and Sarawak, especially involving the country’s annual budget, is based on the needs of the two states, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: More funds allocated for Sabah, Sarawak because both states need them

What was the RM2.3 bil UEM/Renong transaction 26 years ago that MACC is now investigating? 

Ageson Bhd, which is in the midst of finalising the appointment of new auditors, targets to issue its annual report for the financial year ended Dec 31, 2022 (FY2022) by October.

Ageson still searching for auditors; aims to submit annual report by October 

Electronic manufacturing services player EG Industries Bhd posted an 88.75% year-on-year increase in net profit to RM10.58 million for the third quarter ended March 31, 2023 (3QFY2023), from RM5.6 million a year ago, on the back of higher sales which was achieved despite forex losses and a higher interest rate in the market.

EG Industries 3Q net profit up 89% on higher sales

MINI-market operator KK Supermart & Superstore Sdn Bhd, which generates about RM1 billion in annual revenue, is weighing the option of floating its shares on Bursa Malaysia, possibly within the next one to three years.

Ahead of the potential listing, the retailer is on an expansion ...

Malaysia

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