<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 7): Fima Corp Bhd said the quantum of the writeback of the impairment relating to its Indonesian subsidiary PT Nunukan Jaya Lestari's (NJL) property, plant and equipment amounts to RM23.63 million.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Fima said the sum would be reflected in its financial results for the second quarter ending June 30, 2019.</p></div>

<div class=newsTextDataWrapInner><p>On Aug 21, Indonesia's Supreme Court ruled in favour of NJL whose cultivation rights (HGU) certificate was revoked after a ministerial order on July 25, 2016.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Fima won the case after two years of appealing against the initial decision by a lower court that upheld the ministerial order.</p></div>

<div class=newsTextDataWrapInner><p>Fima said the ministerial order was made on the basis that the title was improperly issued due to administrative irregularities by certain officers at the National Land Authority's East Kalimantan province office in 2003, causing parts of the area within the land title to overlap with forestry areas.</p></div>

<div class=newsTextDataWrapInner><p>The Supreme Court annulled the ministerial order, and also ordered the authorities to issue a new HGU certificate in favour of NJL for an area measuring 16,474 hectares.</p></div>

<div class=newsTextDataWrapInner><p>Fima's shares closed up two sen or 1.07% at RM1.88 for a market capitalisation of RM452.12 million.</p></div>


KUALA LUMPUR (Sept 7): Fima Corp Bhd said the quantum of the writeback of the impairment relating to its Indonesian subsidiary PT Nunukan Jaya Lestari's (NJL) property, plant and equipment amounts to RM23.63 million.

In a filing with Bursa Malaysia today, Fima said the sum would be refl...

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High crude oil prices caused by tension in the Middle East will help to boost Malaysia's oil and gas exports. However, escalated fuel prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).

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At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.02 points, or 0.32% to 1,564.61 from Monday's close of 1,559.59.

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Taiwan's quake-hit eastern county of Hualien was rattled by dozens of aftershocks late on Monday and early on Tuesday, but only minor damage was reported and no casualties and major chipmaker TSMC said it saw no impact on operations.

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<p>Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.</p>


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<p>Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.</p>


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<p>Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.</p>


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<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>


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<p>US borrowers on lower incomes are increasingly struggling to keep up with their loan payments, according to recent data and bank executives, prompting banks to become more cautious about dishing out credit cards and car loans.</p>


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<p>Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.</p>


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<p>RHB Retail Research said Cloudpoint Technology Bhd is eyeing an uptrend movement after rebounding from the immediate support, testing the 64 sen immediate resistance level.</p>
