MSM posts wider net loss in 1Q

KUALA LUMPUR: MSM Malaysia Holdings Bhd foresees demands in the local and export markets to be stronger moving forward but the high input costs continue to impede the improvement of the group’s financial performance.

“We are delighted with the government’s announcement yesterday to allow the local sugar industry to produce pure white refined sugar with prices to be determined by market forces. This will allow us to be more resilient against high input costs.