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KUALA LUMPUR: The combination of a slowing economy, Covid-19 coronavirus, weak ringgit and 10% slide in the FBM KLCI took a toll on Malaysia’s 50 richest, according to Forbes 50 Malaysia’s Richest list.
KUALA LUMPUR/MUMBAI (Reuters) - India's halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.
KUALA LUMPUR: Malaysian palm oil producers must use technology to improve yield and compensate for restrictions on land use, as the industry wrestles with concerns about sustainability, the chairman of the Malaysian Palm Oil Council (MPOC) said.
KUALA LUMPUR: Affinity Equity Partners Ltd is considering selling Island Hospital Bhd, a medical hospital in Malaysia, according to sources.
GEORGE TOWN: Smith + Nephew, a United Kingdom-based orthopaedic implant manufacturer, is investing in a production facility in Batu Kawan to support its customers in the global market.
PETALING JAYA: Caring Pharmacy Group Bhd is targeting to expand its outlets in second and third-tier cities in Malaysia next year, including Kota Baru and Kuantan.
KUALA LUMPUR: Caring Pharmacy Group Bhd is targeting a capital expenditure (capex) of RM8mil to RM10mil for its next financial year, where a main portion will be for the opening of new outlets.
YEARS after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion and picking and choosing orders.
Malaysian Industrial Development Finance Bhd (MIDF) is finally making its way to become a full-fledged bank.
Muhibbah Engineering (M) Sdn Bhd has been looking to diversify its income streams.