KUALA LUMPUR (Oct 2): Mi Technovation Bhd announced that its founder and group chief operating officer (CEO) Oh Kuang Eng will be leading a new management in the group’s semiconductor division, while handing over the equipment business to a new management team, headed by executive director Teo Chee Keong.

Mi Technovation founder to lead new semiconductor unit, handing over equipment business to new leadership

The ringgit retreated from last week’s gains to close marginally lower against the US dollar on Monday, in line with other emerging currencies.

Ringgit ends marginally lower against US dollar

Astro Malaysia Holdings Bhd announced that it will close down its home shopping business “Go Shop” from Oct 11, citing “challenging overall economic landscape and the changes in consumer shopping behaviour”.

Astro Go Shop to cease operations after eight years

Piling and foundation specialist Econpile Holdings Bhd has bagged a contract worth RM101.34 million to undertake sub-structure works of three blocks of small office home office (SOHO) here.

Econpile bags RM101 mil job for SOHO project in KL

Malaysia on Monday announced a subsidy and other measures to try to cool rice prices amid concern over rising costs and supply shortages.

Putrajaya announces additional measures to tame rice prices

Puspakom Sdn Bhd has appointed Mahmood Razak Bahman as its new chief executive officer effective immediately. He replaces Shukor Ismail, who retired on Sept 30 after 11 years helming the government-appointed vehicle inspection company.

Mahmood Razak Bahman is Puspakom’s new CEO

Indonesia's environment ministry on Monday denied accusations that forest fires in Sumatra and its portion of Borneo island, which have blanketed some of its cities with thick haze, have also affected air quality in neighbouring Malaysia.

Indonesia denies smog from forest fires drifted to Malaysia

Bursa Malaysia ended at an intraday low on Monday due to cautious sentiment and a lack of fresh catalysts amid mixed performance by regional markets, said an analyst.

Bursa ends at intraday low on cautious sentiment

Hektar Real Estate Investment Trust (Hektar REIT) will install 13 electric vehicle (EV) charging bays in six shopping malls under its portfolio starting Jan 1, 2024. The installation initiative stems from a collaboration between Hektar Asset Management Sdn Bhd, manager of Hektar REIT, and GMA Resources.

Hektar REIT to install 13 EV charging stations across six malls

The Malaysian Palm Oil Association (MPOA) has shared its wishlist for Budget 2024, including a review of the windfall profit levy, reinvestment allowance for intensifying oil palm replanting, pre-requisite for sufficient workers, mechanisation, levies as well as support for sustainability initiatives.

MPOA: Windfall profit levy review, reinvestment allowance for oil palm replanting on Budget 2024 wishlist

KUALA LUMPUR (Oct 2): The government will ensure that electric vehicle (EV) ownership is available to all income groups through targeted subsidies and financial assistance, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

At the same time, the government...

Zafrul: Putrajaya to ensure EV ownership available to all

RAM Rating Services Bhd (RAM Ratings) has upgraded AMMB Holdings Bhd’s long-term corporate credit rating and the long-term financial institution ratings of its banking subsidiaries to AA2/P1 from AA3/P1.

RAM lifts AMMB’s credit rating to stable from positive

Former attorney general Tan Sri Tommy Thomas' legal action against the government and the special task force (STF) which looked into his memoir will now be heard by the Civil Division.

Tommy Thomas memoir: Ex-AG's suit against govt, special task force to be heard before civil court judge

While Malaysia’s crude palm oil (CPO) production up to end-August this year lags behind the same period last year, the country’s annual CPO output could still be marginally higher this year than last, amid “fairly good” weather.

Malaysia

‌‌

‌
‌