Sapura Energy makes clarification on ‘aspirational’ timeline for regularisation plan

KUALA LUMPUR: Sapura Energy Bhd has clarified that the timeline for the completion of its proposed regularisation plan mentioned in an article carried in StarBiz 7 on Nov 23, 2024, remains an aspirational target. In a statement, the group said the target was "overly optimistic and conditional, among others, upon the approvals required for the proposed...

LTAT clarifies losses in A-G’s Report

PETALING JAYA: The negative reserve highlighted in the Auditor-General's Report for 2022 is only one facet, says the Armed Forces Fund Board (LTAT). It said that its combined reserves are made up of three components which reflect the board's stability in combination; retained earnings, reserve fund and the OCI reserve ALSO READ: LTAT to face PAC over huge...

Ehailing driver was checking messages when he hit cyclists, say cops

PUTRAJAYA: The police say that the vehicle that hit two cyclists as seen in a viral video is an ehailing vehicle and that the accident occurred on Jalan Dengkil, Kota Warisan in Sepang on Aug 27. Sepang deputy OCPD Supt Md Noor Aehwan Mohammad said the ehailing driver and one cyclist lodged police reports over the...

Anwar to reach out to Ramasamy over quit announcement

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim says he will seek former Penang deputy chief minister II Dr P Ramasamy's clarification over his resignation from DAP. "Ramasamy is a friend. I will get his views (on his resignation). He understands about several problems in the party (DAP)," Anwar said when met after delivering his keynote...