Friday 26 Apr 2024
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KUALA LUMPUR (April 17): Based on corporate announcements and news flow today, companies that will be in focus on Monday (April 20) may include: Bursa Malaysia Bhd, AirAsia Group Bhd, Ageson Bhd and Golden Pharos Bhd.

Bursa Malaysia Bhd announced today that Tan Sri Abdul Wahid Omar will be its new non-executive chairman, following the retirement of Datuk Shireen Ann Zaharah Muhiudeen.

The announcement, which confirmed a report by The Edge last night, said Wahid's appointment will take effect on May 1. Shireen will be stepping down from her role on April 30.

AirAsia Group Bhd is set to resume its scheduled domestic flights, starting with Malaysia on April 29. This will be followed by Thailand and the Philippines on May 1, India on May 4, and Indonesia on May 7, subject to approval from authorities.

The resumption of services will first be for key selected domestic routes, it said, which will be increased gradually to include international destinations once the situation improves and governments lift borders and travel restrictions.

Ageson Bhd, formerly known as Prinsiptek Corp Bhd, is partnering with Singapore firm Navis Marinus Private Ltd (NMPL) to jointly undertake the supply and delivery of sand worth S$107.64 million (about RM330.35 million).

Ageson's wholly-owned Esa Pile Sdn Bhd and NMPL inked a term sheet today to set up a 51:49 joint venture (JV) company to deliver sand from the Philippines to JTC Corp in Singapore.

The three-year contract was awarded to NMPL by JTC Corp, a Singapore government agency in Singapore that spearheads the planning, promotion and development of a dynamic industrial landscape.  

Golden Pharos Bhd’s wholly-owned Permint Plywood Sdn Bhd (PPSB) has obtained approval from the Ministry of Plantation Industries and Commodities to operate during the Movement Control Order (MCO) period.

It said the approval was obtained via the Malaysian Timber Industry Board or MTIB, and that unit must ensure only 50% of its workforce is allowed to operate during this period.

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