Top Glove, which has had half its production capacity halted for over a month in November due to a severe Covid-19 outbreak among its workers, said several more across four factories in Port Dickson, Sungai Puloh, Kulim and Shah Alam have tested positive for Covid-19.
Kanger International has diversified into the construction business by signing six deals totalling RM495.9mil. It involves the group undertaking the remaining works at six construction sites in Kuala Lumpur and Pahang, the group said.
Daya Materials, a Practice Note 17 (PN17) company, said its subsidiary has secured an RM23.86mil construction sub-contract in Banting, Selangor.
Samaiden has secured a RM25.8mil contract from Gimzan Plywood Sdn Bhd to develop a biomass-based power plant in Terengganu.
MESB plans to venture into the waste recycling business, as it sees its loss-making trading and retailing of apparel and leather products business to continue to face challenges amid the Covid-19 pandemic.
Seacera is selling a 72,770 sq metre land in Taiping, Perak to AT Systematization’s glove unit for RM10.5mil.
KNM plans to raise up to RM54.93mil via a private placement to pay off its bank borrowings and to fund some ongoing projects.
Genting Malaysia's wholly-owned subsidiary Genting UK plc permanently closed its Genting Casino Southport, in the north-west of England, with 38 staff members facing redundancy.
SKP Resources is temporarily closing its Johor Bahru operations from Jan 16 till Jan 29, to facilitate Covid-19 screening of its employees, after five of them tested positive last week.
This temporary closure is expected to result in a capacity loss of 3% of its annual output, SKP said.
Notion VTec announced that some of its workers have been tested positive for Covid-19 and that the company has detected 87 positive and suspect cases thus far within its premises.
Last Friday, US markets declined as investors digested President-elect Joe Biden's US$1.9 trillion stimulus plan and quarterly earnings announcements by several banking stocks.
Earlier, European markets closed in negative territory following concerns over new lockdown measures, political uncertainty and a reemergence of Covid-19 cases in China.
“Following the negative performances in the US and Europe, the FBM KLCI could remain pressured and hover sideways below the resistance of 1,650 points,” JF Apex said.
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