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News in brief

News briefs on Southern Bank, CAHB and other firms.

MNI Holdings expects to turnaround

Stockwatch by Yvonne Chong.

PPB units to build palm oil mill in Sabah

PPB Group Bhd's indirect subsidiary, Minsec Engineering Services Sdn Bhd, has entered into an agreement with Sri Kamusan Sdn Bhd, also an indirect subsidiary of PPB, for the construction of a palm oil mill.

Plantation stocks surge to year’s high

WHILE the broad market succumbed to heavy profit-taking yesterday, plantation stocks continued to rally, fuelled by the optimistic outlook in crude palm oil (CPO) prices.

News in brief

News in brief on Petra Perdana, APP Industries and Consolidated Farms.

Versus the CI

Izwan Idris writes on Bandar Raya, PSC Industries, Engtex, PPB Group and CN Asia.

Support Line

PPB Group first-half profit jumps 80%

PPB Group Bhd chalked up a 84% rise in pre-tax profit to RM171mil in the second quarter to June from RM93.2mil in the same period last year due to higher palm product prices and better performance in its edible oils refining, sugar refining, grain and feed-milling divisions.

Jerneh shaping up as a formidable player

JERNEH Asia Bhd, through its partnership with composite insurer Assicurazioni Generali SpA of Italy, is well on track to become a formidable insurance player in the region, Jerneh's chief executive officer Ralph Liew said in an interview.