KUALA LUMPUR: Analysts have trimmed the earnings forecasts of Hartalega Holdings Bhd after the glove maker’s results came in below expectations. Hartalega registered its third consecutive loss-making quarter after posting a net loss of RM52.47mil or loss per share of 1.54 sen in its first financial quarter ended June 30, 2023. This compares with a net profit of RM88.28mil...
KUALA LUMPUR: The ringgit opened almost flat against the US dollar today, ahead of the United States Consumer Price Index (CPI) data for July set to be released today. At 9.05 am, the local note stood at 4.5710/5760 against the greenback compared with 4.5705/5755 at Wednesday’s close. ActivTrades trader Dyogenes Rodrigues Diniz told Bernama that the US...
HE built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a US$5,000 car. R Thyagarajan is arguably one of the world’s most idiosyncratic financiers –...
PETALING JAYA: Forbes Asia has named nine Malaysian companies as part of its Best Under A Billion 2023 list. The list highlights 200 Asia-Pacific public companies with revenues under US$1bil that have displayed consistent growth in both their top and bottom lines. The companies are Frontken Corp Bhd, Greatech Technology Bhd, Harbour-Link Group Bhd, Kim Loong Resources...
KUALA TERENGGANU: Datuk Seri Anwar Ibrahim came out swinging against his opponents last night who had been repeatedly calling him "useless" throughout the campaign for the six state elections. In a ceramah here, the Prime Minister listed the failures of Perikatan Nasional's three-year federal administration and its attempt to white wash its chequered track record by...
BUKIT MERTAJAM: Dr P Ramasamy has officially tendered his resignation as a DAP member. The incumbent Prai assemblyman and caretaker deputy chief minister announced his resignation at his service centre in Perai here on Thursday (Aug 10). "I've submitted my resignation as Chai Leng Park DAP branch chairman and Penang DAP deputy chairman. "The letters were sent to...
IPOH: More than 1,500 officers and personnel from the Perak police contingent will be deployed to five states to assist with the elections. Perak police chief Datuk Seri Comm Mohd Yusri Hassan Basri said most of them would be sent to Kelantan. "A total of 1,505 police officers and personnel will be assisting in Kelantan while 84...
SYDNEY: Malaysia has temporarily suspended live cattle and buffalo imports from Australia, the Australian government said, days after Indonesia paused some imports after lumpy skin disease (LSD) was detected in a small number of cattle after arrival. Australia was urgently engaging with its Malaysian counterparts to lift the curbs while confirming the country remained free from...
KUALA LUMPUR: Businessman Tan Sri Halim Saad has sued Tun Dr Mahathir Mohamad and two others over losses he allegedly suffered during the government's takeover of United Engineers Malaysia (UEM) Bhd and Renong Bhd in 2001. The 70-year-old tycoon filed the lawsuit at the High Court registry through Messrs Malik Imtiaz Sarwar on Aug 2. He named...
SIBU: Two individuals have been fined RM10,000 in default one year's jail each by the Magistrate's Court for stealing three units of solar street lamps on Tuesday (Aug 8). The accused, Tan Jin Hua, 32, and Lau Sie Heng, 36, pleaded guilty before Magistrate Flavian Edward Henry for the offence under Section 379 of the Penal...
