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Business

Short Position

Business news in brief.

Corporate News

Star Media appoints Chan Seng Fatt to board

KUALA LUMPUR: Star Media Group Bhd has appointed Chan Seng Fatt as an independent non-executive director and audit committee chairman, effective Aug 11.

Business

FGV attracts suitors

PETALING JAYA: From going on an acquisition spree, Felda Global Ventures Holdings Bhd (FGV) is now a target company. Having aborted the stake acquisition of Indonesia’s Eagle High Plantations Tbk, FGV has attracted suitors who are looking at a possible corporate exercise with the plantation group.

Business

Work on MPAS’ RM2.2bil phosphate complex to start in 2018

KUALA LUMPUR: Malaysian Phosphates Additive (Sarawak) Sdn Bhd (MPAS) has signed an engineering design, procurement and construction (EPC) contract with a consortium of contractors from China to build a RM2.2bil integrated phosphate complex in Sarawak.

Business

Cahya Mata Sarawak to raise RM1bil in syariah-compliant fund

KUCHING: Cahya Mata Sarawak Bhd (CMS) plans to raise RM1bil in syariah-compliant fund for its capital expenditure (capex) requirements and working capital.

Business

Planting in Sabah and Sarawak

WHAT are the challenges that Sarawak planters face in terms of peat soil and Native Customary Rights (NCR) land status?

Business

RAM Ratings reaffirms negative outlook on Bernas debt notes

KUALA LUMPUR: RAM Rating Services has reaffirmed the AA3/Negative/P1 ratings of Padiberas Nasional Bhd's (Bernas) RM750mil irredeemable convertible preference shares/medium term notes (ICP/MTN Programme 2010/2017).

Nation

EU funding green groups

How credible are the green groups if they’re being funded to further EU policies?

Business

Sustaining the palm oil industry

At The Star Roundtable on Palm Oil held at Menara Star in Petaling Jaya, Selangor, recently, The Star’s executive editor Errol Oh led the discussion on these topics: Sustainability and the soon-to-be-launched Malaysian Sustainable Palm Oil (MSPO); the National Biomass Strategy 2020; the anti-palm oil lobby; and, Budget 2014.