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THE country’s biggest refined sugar producer, which has been loss-making for six consecutive quarters and beset by overcapacity, is confident that the light at the end of the tunnel is turning brighter.
KUALA LUMPUR: FGV Holdings Bhd and MSM Malaysia Holdings Bhd are speeding up the development of a new agriculture growth area called FGV Agro Food-Valley in Chuping, Perlis.
PETALING JAYA: MSM Malaysia Holdings Bhd has cancelled a deal to sell agricultural land in Perlis to Fraser & Neave Holdings Bhd (F&N).
KUALA LUMPUR: MSM Malaysia Holdings Bhd is poised to take advantage of the deficit in the global sugar market that provides greater opportunity for it to expand its export market.
KUALA LUMPUR: Shares in MSM Malaysia Holdings Bhd rose over 2.8% in early trade after the group sold Chuping land to Fraser & Neave Holdings Bhd (F&N) for RM156mil.
KUALA LUMPUR: FGV Holdings Bhd is not rushing to sell its 51% stake in refined sugar producer MSM Malaysia Holdings Bhd, which has partially widened its net losses in the second quarter ended June 30
PETALING JAYA: The country’s largest sugar refiner, MSM Malaysia Holdings Bhd, fell into the red with a net loss of RM67.33mil in the second quarter compared to a net profit of RM14.33mil a year earlier.
KUALA LUMPUR: MSM Malaysia Holdings Bhd has appointed executive director Datuk Khairil Anuar Aziz as group chief executive officer (CEO), more than a year after the departure of its former president and CEO.
MANILA: The Philippines has the fastest growing number of HIV infections in Asia, a report by the United Nations and the government showed Tuesday.
BESIEGED by the spike in global raw sugar prices, most local sugar-refining players are not expecting a sweet ride this year, as their margins will continue to be squeezed by rising costs of production on the back of the weaker ringgit against the US dollar.