<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 28): CB Industrial Product Holding Bhd's (CBIP) net profit for the financial year ended Dec 31, 2023 (FY2023) surged to RM65.05 million, from a net loss of RM6.10 million a year earlier, as its refinery and special purpose vehicle (SPV)&nbsp;segments returned to the black.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Wednesday, CBIP said its full-year revenue dipped slightly to RM847.95 million from RM881.34 million, due to lower revenue generated by the refinery segment. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>For the fourth quarter ended Dec 31, 2023 (4QFY2023), CBIP posted a net profit of RM32.19 million, against a net loss of RM16.29 million a year earlier, on the back of revenue of RM218.73 million versus RM243.05 million previously.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Earnings per share stood at 6.82 sen, versus a loss per share of 3.41 sen.</p></div>

<div class=newsTextDataWrapInner><p>Reviewing its full-year performance, CBIP said the oil palm plantation segment reported higher revenue (up 12%) and profit before taxation (27% higher).</p></div>

<div class=newsTextDataWrapInner><p>It said the increases were mainly due to higher production as well as milling operations.</p></div>

<div class=newsTextDataWrapInner><p>For FY2024, the company said considering the progress of the projects secured in hand and the current challenging environment, the board is optimistic that it will be able to achieve satisfactory results, mainly driven by the palm oil equipment and engineering segment.</p></div>


CB Industrial Product Holding Bhd's (CBIP) net profit for the financial year ended Dec 31, 2023 (FY2023) surged to RM65.05 million, from a net loss of RM6.10 million a year earlier, as its refinery and special purpose vehicle (SPV) segments returned to the black.

CBIP returns to the black in FY2023, earning RM65m on refinery, SPV turnarounds

SYDNEY (May 12): A former US Marine pilot fighting extradition from Australia on US charges of training Chinese military pilots to land on aircraft carriers, unknowingly worked with a Chinese hacker, his lawyer said.

Former US Marine pilot arrested in Australia worked with Chinese hacker, lawyer says

KUALA LUMPUR (May 12): Malaysia declared its support for the important role played by Qatar, in efforts to resolve the violence perpetrated by the Zionist Israeli regime against the Palestinian people.

Malaysia declares support for Qatar’s role in peace negotiations in Palestine

PARIS (May 12): Leading healthcare companies Pfizer and AstraZeneca announced on Sunday, new investments in France worth a total of nearly US$1 billion, ahead of the start of this year's annual "Choose France" business summit.

Pfizer, AstraZeneca announce new investments of nearly US$1b in France

KUALA LUMPUR (May 12): The honours, medals or orders received by Malaysians from foreign countries without the consent of the Yang di-Pertuan Agong are not valid and not recognised for use within the country, said Council of Datuk Dato’ Malaysia (MDDM) president Datuk Awalan Abdul Aziz.

Foreign honours, medals, orders without King’s consent not valid, says council

CAIRO (May 12): Israel sent tanks into eastern Jabalia in the northern Gaza Strip early on Sunday, after a night of heavy aerial and ground bombardments, killing 19 people and wounding dozens of others, health officials said.

Israel pushes back into northern Gaza, ups military pressure on Rafah

ALOR SETAR (May 12): The Ministry of Domestic Trade and Cost of Living (KPDN) is expanding Phase Two of the Subsidised Diesel Control System (SKDS) 2.0 project to another 14 types of commercial vehicles starting Monday (May 13).

Armizan: Subsidised diesel control system project expanded to another 14 types of vehicles

CAIRO (May 12): Chinese companies won four bids to explore Iraqi oil and gas fields, Iraq's oil minister said on Sunday, as the Middle Eastern country's hydrocarbon exploration licensing round continued into its second day.

Chinese companies win more bids to explore for Iraqi oil and gas

LENGGONG (May 12): Home Minister Datuk Seri Saifuddin Nasution Ismail described his meeting with US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson as having been a frank discussion.

It was a frank meeting with Brian Nelson — Saifuddin Nasution

SINGAPORE (May 12): KPMG in Singapore says it will be committing over S$100 million to make salary adjustments, technology and learning for its over 3,500 employees over the next five years.

Singapore KPMG to commit over S$100m in salary adjustments, tech and growing talent

JAKARTA (May 12): As Indonesia’s president elect Prabowo Subianto prepares to enter office in October, he looks set to take a more assertive stance in foreign policy, saying that diplomacy, negotiations, and the "Asian way" have helped to defuse tension.

Indonesia's Prabowo reiterates 'Asian Way' to defuse tension, Al Jazeera says

<p>KUALA LUMPUR (May 12): His Majesty Sultan Ibrahim King of Malaysia, and Her Majesty Raja Zarith Sofiah Queen of Malaysia, on Sunday extended Mother’s Day greetings to all women who are mothers.</p>


King, Queen extend Mother’s Day greetings

<p>KUALA LUMPUR (May 12): The viral statement claiming that Umno has adopted a more open approach and is willing to lessen its exclusive focus on Malay agendas, is false.</p>


Umno: Viral statement is fake

<p>HULU SELANGOR (May 12): Newly elected Kuala Kubu Baharu (KKB) assemblyman Pang Sock Tao wasted no time in serving the community by interacting with locals at Pasar Rasa here on Sunday.</p>


Newly elected Pang sets out to serve

<p>LENGGONG (May 12): Home Minister Datuk Seri Saifuddin Nasution Ismail described his meeting with US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence&nbsp;Brian Nelson as having been a frank discussion.</p>


<p>SINGAPORE (May 12): KPMG in Singapore says it will be committing over S$100 million to make salary adjustments, technology and learning for its over 3,500 employees over the next five years.</p>


<p>ISKANDAR PUTERI (May 12): The Johor state government is considering implementing policies to curb the property price speculation associated with the establishment of the Johor-Singapore Special Economic Zone (JS-SEZ).</p>


Special economic zone: Johor govt considering policies to curb property price speculation

<p>KUALA LUMPUR (May 12): The honours, medals or orders received by Malaysians from foreign countries without the consent of the Yang di-Pertuan Agong are not valid and not recognised for use within the country, said Council of Datuk Dato’ Malaysia (MDDM) president Datuk Awalan Abdul Aziz.</p>


<p>BEIJING (May 12):&nbsp;Industrial and Commercial Bank of China&nbsp;said it would issue 30 billion yuan (US$4.15 billion) worth of total loss-absorbing capacity (TLAC) bonds on May 15, marking the first issuance of such bonds by a Chinese bank.</p>


China's ICBC to kick off total loss-absorbing capacity bond sales with issuance of US$4.15b

<p>ALOR SETAR (May 12): The Ministry of Domestic Trade and Cost of Living (KPDN) is expanding Phase Two of the Subsidised Diesel Control System (SKDS) 2.0 project to another 14 types of commercial vehicles starting Monday (May 13).</p>


<p>BEIJING (May 12): China's anti-graft watchdog said it was investigating the former chairman of China state-owned giant National Chemical Corp (ChemChina), for violations of discipline and law, along with another former company official.</p>


China's graft watchdog probes two former officials of ChemChina

<p>SEOUL (May 12): South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won (US$7.30 billion), the finance minister said on Sunday, after setting its sights on winning a "war" in the semiconductor industry.</p>


South Korea prepares support package worth over US$7b for chip industry

<p>JAKARTA (May 12):&nbsp;As Indonesia’s president elect Prabowo Subianto prepares to enter office in October, he looks set to take a more assertive stance in foreign policy, saying that diplomacy, negotiations, and the "Asian way" have helped to defuse tension.</p>


<p>BAGHDAD (May 11):&nbsp;Iraq's oil minister said on Saturday that&nbsp;Iraq had made enough voluntary oil production reductions and would not agree to any additional cuts taken by Opec+ at its next meeting early next month.</p>


Iraq won't agree to new Opec+ oil production cuts, oil minister says

<p>CAIRO (May 12): Chinese companies won four bids to explore Iraqi oil and gas fields, Iraq's oil minister said on Sunday, as the Middle Eastern country's hydrocarbon exploration licensing round continued into its second day.</p>


<p>SYDNEY (May 12):&nbsp;Australian Treasurer Jim Chalmers said on Sunday that he expects&nbsp;that this week's federal budget would help ease the country's stubbornly high inflation, as many Australians continue to grapple with cost-of-living pressures.</p>


Australian govt says budget to help ease high inflation

<p>PORT KLANG (May 12): All state governments have been urged to amend their respective forestry enactments by incorporating public inquiry procedures before degazetting any forest areas, as this falls under their jurisdiction.</p>


State govts urged to include public inquiry in forestry enactments

<p>(May 11): The governor of Russia's Belgorod region bordering Ukraine said one woman was killed, 29 people were wounded and several hundred flats damaged by Ukraine's continuous attacks over the weekend.</p>


Russia's Belgorod governor says Ukraine shelling kills one, wounds 29

<p>CAIRO (May 12): Israel sent tanks into eastern Jabalia in the northern Gaza Strip early on Sunday, after a night of heavy aerial and ground bombardments, killing 19 people and wounding dozens of others, health officials said.</p>


<p>PARIS (May 12): Leading healthcare companies Pfizer and AstraZeneca announced on Sunday,&nbsp;new investments in France worth a total of nearly US$1 billion, ahead of the start of this year's annual "Choose France" business summit.</p>


<p>KUALA LUMPUR (May 12): Malaysia declared its support for the important role played by Qatar, in efforts to resolve the violence perpetrated by the Zionist Israeli regime against the Palestinian people.</p>
