MSM eyes sugar price hike approval

CEO Syed Feizal said MSM has started to revise selling prices.

KUALA LUMPUR: Refined sugar producer MSM Malaysia Holdings Bhd intends to expand its export market presence and engage with the government for a price increase for standard sugar soon.

Group chief executive officer Syed Feizal Syed Mohammad said the company’s retail business segment was generally experiencing negative margins, which has resulted in net losses to its bottom line.