<div class=newsTextDataWrapInner><p>KUALA LUMPUR&nbsp;(March 24): Apollo Food Holdings Bhd’s net profit for the third quarter ended Jan 31, 2020 declined 12.19% to RM3.98 million from RM4.54 million a year ago, due to higher administrative expenses, foreign exchange loss and fair value loss incurred.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share for the quarter fell to 4.98 sen from 5.68 sen previously, the confectionary manufacturer said in a filing today.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for the quarter dipped 4.87% to RM48.93 million, from RM51.44 million the previous year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the nine months ended (9MFY20), Apollo’s net profit fell 24.77% to RM10.35 million, from RM13.75 million a year ago, as revenue fell 6.8% to RM131.54 million from RM141.26 million.</p></div>

<div class=newsTextDataWrapInner><p>Apollo expects its operating environment to be more challenging in both the current and coming financial years, in view of the volatility in raw material costs and weak ringgit.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares of Apollo closed 10 sen or 3.9% higher at RM2.66 today, valuing the group at RM213 million.</p></div>


KUALA LUMPUR (March 24): Apollo Food Holdings Bhd’s net profit for the third quarter ended Jan 31, 2020 declined 12.19% to RM3.98 million from RM4.54 million a year ago, due to higher administrative expenses, foreign exchange loss and fair value loss incurred.

Apollo's 3QFY20 net profit falls 12.2% y-o-y on higher admin costs, forex and fair value losses

Kossan Rubber Industries Bhd has proposed a final dividend of two sen per share for the financial year ended Dec 31, 2023 (FY2023).

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ISKANDAR PUTERI (April 16): The Johor government wants to develop a multi-tiered Automated Rapid Transit (ART) system in Johor Bahru to address traffic congestion in the city.

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KUALA LUMPUR (April 16): Bursa Malaysia Bhd is collaborating with the UK government’s Mobilising Institutional Capital Through Listed Product Structures (Mobilist) programme to help address the funding gap needed in Malaysia to achieve the United Nations’ (UN) Sustainable Development Goals (SDGs) by 2030.

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The ringgit continued its downtrend on Tuesday to end lower against the greenback, due to continued positive sentiment for the US dollar, which was bolstered by strong US retail sales data in March, amid concerns over tension in the Middle East, said an analyst.

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Crude palm oil (CPO) prices, which surged in March 2024 to hit a peak of RM4,327 a tonne, are expected to move within a stable range of RM4,000 to RM4,200 a tonne this month, according to the Malaysian Palm Oil Council (MPOC).

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The suspect who opened fire at the Kuala Lumpur International Airport (KLIA) Terminal 1 Arrival Hall on early Sunday morning, before being arrested in Kota Bharu on Monday, is believed to have been trying to escape to a neighbouring country.

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A fire ripped through Copenhagen's Old Stock Exchange, one of the Danish capital's best-known buildings, on Tuesday, engulfing its spire which collapsed in a scene reminiscent of the 2019 blaze at Paris' Notre-Dame.

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Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd is in the final stages of discussion with two prospective clients interested in leveraging advanced packaging technology.

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<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


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<p>Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.</p>


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<p>E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

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<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


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<p>Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).</p>


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<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


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<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

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<p>Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.</p>


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<p>Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.</p>


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<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


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<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


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<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


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<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


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<p>KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.</p>

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<p>European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.</p>


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<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


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<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


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<p>Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.</p>
