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KUALA LUMPUR: The armed forces fund board (LTAT) said that there was no element of criminal intent when the retirement fund had discovered discrepancies with its accounts earlier.
Increasingly, it would appear that the chief executive of the Armed Forces Fund Board (LTAT) Nik Amlizan Mohamed (pic) has been handed a poison chalice upon taking over the fund last year.
PETALING JAYA: The Armed Forces Fund Board (LTAT) has completed its position assessment for the financial year 2017 (FY17) and FY18 ended Dec 31, revealing significant financial irregularities and weaknesses
Majority of LTAT’s position assessment findings unearthed financial irregularities and weaknesses
Biz news in brief
KUALA LUMPUR: London Biscuits Bhd, Petronas Dagangan Bhd, Boustead Heavy Industries Corp Bhd (BHIC) and DRB-Hicom Bhd are among the stocks to watch on Monday, according to JF Apex Research.
THE Open Ship Days onboard the Research Vessel Tan Kah Kee (R/V TKK) was successfully held at Boustead Cruise Centre in Port Klang last weekend.
PETALING JAYA: Boustead Plantations Bhd has delivered a net profit of RM79.23mil for its second quarter ended June 30, compared with a net loss of RM22.24mil in the previous year’s corresponding quarter.
WITH the aim to turn Laguna Park, Precinct 2 at BioBay in Pulau Indah into a tourist spot, Central Spectrum (M) Sdn Bhd, the main property developer in Pulau Indah, is hoping to include a row of seafood restaurants along Jalan Samudera, Port Klang.
INCREASINGLY more companies are using perpetual securities as a means to raise funds. The papers are generally not rated and carry a high coupon rate, which makes it attractive to investors seeking higher yields.