Wednesday 17 Apr 2024
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EVENING 5: Sime Darby 2Q earnings surge, talks higher car prices

Here’s a quick look at some of the stories that made headlines today.

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. Sime Darby Bhd talks car prices and its future in China after seeing its net profit for the second quarter surge post disposal of Ramsay Sime Darby Health Care.

2. Often called the Father of Modern Sarawak, former Sarawak governor and chief minister Tun Abdul Taib Mahmud, 87, died in a hospital in Kuala Lumpur early on Wednesday.

3. The Israel-Palestine conflict boycott of the Starbucks franchise dragged Berjaya Food Bhd down to a record net loss of RM42.58 million for the second quarter ended Dec 31, 2023.

4.  Petronas Chemicals Group Bhd has signed a memorandum of understanding with Sarawak state-owned Sarawak Petchem Sdn Bhd to conduct a joint feasibility study to develop a low-carbon ammonia and urea plant in Bintulu, Sarawak.

5. Reneuco Bhd and Citaglobal Bhd said on Wednesday that their consortium has secured a contract worth RM600 million for electricity supply to the East Coast Rail Line.

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