Boustead Heavy Industries Corp Bhd (BHIC), the shipbuilding arm of Boustead Holdings Bhd, said it has receive a letter from the Minister of Finance Inc (MOF Inc) signalling its intention to acquire BHIC’s entire stake of 20.8% in Boustead Naval Shipyard Sdn Bhd (BNS).

BHIC confirms receipt of MOF Inc's offer for troubled unit

AMMB Holdings Bhd has reached a milestone in its four-year Focus 8 strategy, by delivering its targeted 10% return on equity (ROE) in the third year of the plan, said its group chief financial officer Jamie Ling.

AMMB hits targeted 10% ROE early and restores dividend payment

Tenaga Nasional Bhd’s (TNB) net profit for the first quarter ended March 31, 2023 (1QFY2023) grew 12.23% to RM1.002 billion from RM893.1 million a year ago, as higher revenue and lower taxes helped offset the higher operating and finance costs incurred.

The group’s receivables continued falling. It saw a decrease of RM3.17 billion or 13.8% in receivables, deposits and prepayments to RM19.66 billion, compared with RM22.83 billion the year before.

TNB's 1Q profit up 12% on lower taxes and higher tariff surcharge

AMMB Holdings Bhd is expecting a 6% loan growth for the current financial year ending March 31, 2024 (FY2024) versus 9% in the prior financial year, amid a high base effect and decelerating economic growth.

AMMB sees tapering loan growth of 6% for FY2024 amid slower GDP expansion

President Tayyip Erdogan and supporters on Monday (May 29) revelled in an election victory, lengthening his rule into a third decade while Türkiye's opposition, which once counted on winning, braced for "difficult days" against an increasingly autocratic government.

Türkiye's Erdogan triumphs in election test, extending 20-year rule

As talks start this week on a global plastics treaty, debate is emerging between countries wanting to limit the production of more plastics and the petrochemical industry favouring recycling as the solution to plastic waste.

Plastic recycling in focus as treaty talks get underway in Paris

KUALA LUMPUR (May 29): Malaysia attracted approved investments worth RM71.4 billion in the manufacturing, services and primary sectors for the first quarter (1Q) of 2023, according to the Malaysian Investment Development Authority (Mida).

Mida: Malaysia attracts RM71.4 bil in approved investments for 1Q2023

Bahvest Resources Bhd’s founder and managing director-cum-chief executive officer Datuk Lo Fui Ming said he and his son, Bahvest executive director Lo Tek Yong, are “seriously considering” resigning as directors of the Sabah-based gold mining company after many hurdles, including poison pen letter, boardroom tussles, authorities’ raid and halted mining production.

Bahvest founder Lo and son say 'seriously' considering resigning to focus on Southsea Gold

AMMB Holdings Bhd (AmBank Group) saw its net profit rise 9.23% to RM427.91 million in its fourth financial quarter ended March 31, 2023 (4QFY2023), from RM391.75 million a year ago, due to increase in the group’s fund based income from interest bearing assets and increase in the non-interest income.

AmBank posts 9% rise in 4Q net profit, declares 12.3 sen dividend

A decline in average product prices, coupled with higher utility and fuel costs, dragged Petronas Chemicals Group Bhd's (PetChem) net profit for the first quarter ended March 31, 2023 (1QFY2023) down 74.37% to RM532 million, from RM2.08 billion a year ago.

PetChem's 1Q net profit down 74% as product prices fall, operating costs rise

KUALA LUMPUR (May 29): Several  individuals in the United States and other countries throughout the world are worth more than what the government has.

These billionaires have more money than the US Treasury right now — report

ISKANDAR PUTERI (May 28): The government has not planned to revise the economic growth forecast this year, following the depreciation of the ringgit’s value in the last two weeks.

No plans to revise economic growth projection, says Rafizi

IPOH (May 28): Newspapers will continue to play an important role in disseminating information and can survive, if they maintain their standards and integrity, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Newspapers can still play important role

IPOH (May 28): The Ministry of Communications and Digital is committed to ensure the establishment of the Malaysian Media Council (MMC).

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