The Biden administration plans to propose a rule to establish a maximum nicotine level in cigarettes and other finished tobacco products in an attempt to make them less addictive, the White House Budget Office said. Read full story
KUALA LUMPUR: Astro Malaysia Holdings Bhd has appointed Tunku Ali Redhauddin Ibni Tuanku Muhriz as chairman succeeding Tun Zaki Tun Azmi effective June 23. Read full story
KUALA LUMPUR: Economists expect the Employees Provident Fund (EPF) to distribute a lower dividend rate for 2022 following a weaker total investment income recorded in the first quarter ended March 31, 2022 (Q1 2022). Read full story
PETALING JAYA: Dynaciate Group Bhd’s wholly-owned subsidiary Magnitude Resources Sdn Bhd has entered into a conditional sale and purchase agreement with Sime Darby Property (Nilai) Sdn Bhd (SDPN) to acquire a freehold industrial land with buildings erected in Nilai, Seremban for RM15mil cash. Read full story
KUALA LUMPUR: Yinson Holdings Bhd’s, a global energy infrastructure and technology company, rights issue exercise, along with free detachable warrants was oversubscribed by 22.31 per cent. Read full story
KUALA LUMPUR: Handal Energy Bhd (Handal), a leading integrated services provider to the oil and gas (O&G) industry, has secured four new purchase orders (PO) and one contract extension via its wholly-owned subsidiary, Handal Cranes Sdn Bhd and 51 per cent-owned subsidiary, Borneo Seaoffshore Engineering Sdn Bhd (BSOE). Read full story
KUALA LUMPUR: Petronas Gas Bhd (PGB) has awarded an engineering, procurement, construction and commissioning (EPCC) contract to Consortium of Carimin Engineering Services Sdn Bhd and I Drill Pipelines Constructions Sdn Bhd. Read full story
KUALA LUMPUR: UWC Bhd’s net profit rose 24.6% to RM28.71mil in the third quarter ended April 30, from RM23.04mil a year earlier. Read full story
SYDNEY: Australia will release on Thursday a state government report on sexual harassment in the country’s mineral-rich west after more than a year of investigations, as the sector tries to fix a culture of sexism and bullying. Read full story
Poor valuation among factors for FBM KLCI exclusion Read full story