<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 2): Loss-making Scomi Group Bhd is borrowing RM1 million from a firm linked to CEO Sammy Tse Kwok Fai, to use for working capital requirements.</p></div>

<div class=newsTextDataWrapInner><p>In a filing today, Scomi Group said it has signed a loan agreement with SBI Spectrum Sdn Bhd, in which Tse is a substantial shareholder.</p></div>

<div class=newsTextDataWrapInner><p>“Both SBI and Sammy Tse Kwok Fai are deemed interested in the financial assistance,” the PN17 group said in a filing with Bursa Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Tse has been Scomi Group’s chief executive officer and executive director since Aug 2, 2018.</p></div>

<div class=newsTextDataWrapInner><p>For the third quarter ended March 31, 2020, the group made a net loss of RM126.69 million.</p></div>

<div class=newsTextDataWrapInner><p>Scomi Group said the RM1 million loan carries an interest rate of 8% per annum, and the tenure will be for six months from disbursement.</p></div>

<div class=newsTextDataWrapInner><p>It added that the loan is not expected to have any material effect on its consolidated earnings other than the interest expense.</p></div>


Loss-making Scomi Group Bhd is borrowing RM1 million from a firm linked to CEO Sammy Tse Kwok Fai, to use for working capital requirements.

In a filing today, Scomi Group said it has signed a loan agreement with SBI Spectrum Sdn Bhd, in which Tse is a substantial shareholder.

Loss-making Scomi Group gets RM1mil loan from CEO-linked firm

(May 6): EQT AB agreed to buy technology consultant Perficient Inc. in a deal valued at about US$3 billion including debt.

Shareholders will receive US$76 per share in the sale to BPEA Private Equity Fund VIII, part of EQT, according to a statement Sunday. That’s a 58% premium to the st...

EQT to buy tech consultant Perficient in US$3 billion deal

(May 6): Across much of the developed world, one of the most dependable drivers of economic growth is faltering.

For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rate...

Global housing shortages are crushing immigration-fueled growth

BRIGHTON (May 6): Brighton & Hove Albion snapped a six-match winless run in the Premier League when they beat Aston Villa 1-0 at home on Sunday after Joao Pedro scored an 87th-minute winner in a scrappy affair.

With time running out, Brighton's Simon Adingra won the decisive penalty...

Brighton edge Villa 1-0 to snap winless run

MANCHESTER, England (May 6): Manchester United centre back Harry Maguire is expected to be sidelined for the remainder of the Premier League season with a muscle injury he sustained in training, the club said on Sunday, which could rule him out of the FA Cup final.

Maguire, who has star...

Man Utd's Maguire expected to miss three weeks with muscle injury

CAIRO/DOHA (May 6): Prospects for a Gaza ceasefire appeared slim on Sunday as Hamas reiterated its demand for an end to the war in exchange for the freeing of hostages, and Israeli Prime Minister Benjamin Netanyahu flatly ruled that out.

The two sides blamed each other for the impasse a...

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LONDON (May 6): West Ham United manager David Moyes said his side lacked leadership and mental toughness in a 5-0 away thrashing at the hands of Chelsea in the Premier League on Sunday.

Sunday's performance comes amid mounting speculation around Moyes' future at West Ham, after media re...

West Ham's Moyes says players must take responsibility after 5-0 thrashing

LIVERPOOL, England (May 6): Since announcing in January he would leave the team at the season's end, Liverpool's much-loved manager Juergen Klopp has been asked after virtually every good result whether that was enough to make him consider staying one more year.

Klopp's men thrashed Tot...

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MANCHESTER, England (May 6): A superb late brace by substitute Stina Blackstenius gave Arsenal a 2-1 win over Manchester City that re-ignited the Women's Super League on Sunday, throwing a lifeline to Chelsea in a title race that had appeared to be done and dusted.

With 21 of their 22 l...

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(May 6): Los Angeles police cleared a pro-Palestinian encampment at the University of Southern California without making arrests on Sunday following turmoil at universities across the United States over the Israel-Hamas war.

Various U.S. universities with graduation ceremonies being hel...

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WASHINGTON (May 6): Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a "Gestapo administration" in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by U.S. m...

Trump accuses Biden of running 'Gestapo administration'

<p>Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah will undertake a state visit to Singapore on May 6 and 7, 2024 at the invitation of the republic's President Tharman Shanmugaratnam.</p>


King, Queen to make first overseas state visit to Singapore 

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Israeli cabinet votes to shut down Al Jazeera's local operations

<p>(May 6): Across much of the developed world, one of the most dependable drivers of economic growth is faltering.</p>

<p>For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rate...

<p>(May 6): EQT AB agreed to buy technology consultant Perficient Inc. in a deal valued at about US$3 billion including debt.</p>

<p>Shareholders will receive US$76 per share in the sale to BPEA Private Equity Fund VIII, part of EQT, according to a statement Sunday. That’s a 58% premium to the st...

<p>WASHINGTON (May 6): Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a "Gestapo administration" in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by U.S. m...

<p>BRIGHTON (May 6): Brighton &amp; Hove Albion snapped a six-match winless run in the Premier League when they beat Aston Villa 1-0 at home on Sunday after Joao Pedro scored an 87th-minute winner in a scrappy affair.</p>

<p>With time running out, Brighton's Simon Adingra won the decisive penalty...

<p>(May 6): Los Angeles police cleared a pro-Palestinian encampment at the University of Southern California without making arrests on Sunday following turmoil at universities across the United States over the Israel-Hamas war.</p>

<p>Various U.S. universities with graduation ceremonies being hel...

<p>MANCHESTER, England (May 6): Manchester United centre back Harry Maguire is expected to be sidelined for the remainder of the Premier League season with a muscle injury he sustained in training, the club said on Sunday, which could rule him out of the FA Cup final.</p>

<p>Maguire, who has star...

<p>CAIRO/DOHA (May 6): Prospects for a Gaza ceasefire appeared slim on Sunday as Hamas reiterated its demand for an end to the war in exchange for the freeing of hostages, and Israeli Prime Minister Benjamin Netanyahu flatly ruled that out.</p>

<p>The two sides blamed each other for the impasse a...

<p>Building on its near 20-year partnership with Lancaster University and in support of its esteemed collaborations with Harvard, Oxford, Cambridge and MIT, Sunway University is now proud to announce its newest partnership with Arizona State University (ASU). This illustrious portfolio of partnerships continues to highlight Sunway’s ongoing commitment to providing students with exceptional educational opportunities.</p>


Sunway’s breakthrough partnership brings the US’ most innovative education to Malaysia

<p>LONDON (May 6): West Ham United manager David Moyes said his side lacked leadership and mental toughness in a 5-0 away thrashing at the hands of Chelsea in the Premier League on Sunday.</p>

<p>Sunday's performance comes amid mounting speculation around Moyes' future at West Ham, after media re...

<p>LIVERPOOL, England (May 6): Since announcing in January he would leave the team at the season's end, Liverpool's much-loved manager Juergen Klopp has been asked after virtually every good result whether that was enough to make him consider staying one more year.</p>

<p>Klopp's men thrashed Tot...

<p>MANCHESTER, England (May 6): A superb late brace by substitute Stina Blackstenius gave Arsenal a 2-1 win over Manchester City that re-ignited the Women's Super League on Sunday, throwing a lifeline to Chelsea in a title race that had appeared to be done and dusted.</p>

<p>With 21 of their 22 l...