<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 5): London Biscuits Bhd’s non-independent and non-executive chairman Datuk Sri Liew Kuek Hin, 80, is resigning from the post due to health reasons.</p></div>

<div class=newsTextDataWrapInner><p>The confectionary manufacturer said this in a filing with Bursa Malaysia today.</p></div>

<div class=newsTextDataWrapInner><p>According to the group’s FY18 annual report, Liew was made the chairman of the group in December 1993.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Liew’s son Datuk Sri Liew Yew Chung is the group’s chief executive officer.</p></div>

<div class=newsTextDataWrapInner><p>Liew holds a direct interest of 312 shares in the group, while holding an indirect interest 55.75 million shares or 21.73% of the group’s shareholdings through investment vehicle Meileelanusa Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The counter closed 3.45% or one sen lower at 28 sen — with 11.22 million shares traded — giving it a market capitalisation RM84.33 million.</p></div>


London Biscuits Bhd’s non-independent and non-executive chairman Datuk Sri Liew Kuek Hin, 80, is resigning from the post due to health reasons.

The confectionary manufacturer said this in a filing with Bursa Malaysia today

London Biscuits chairman Liew Kuek Hin resigns due to health reasons

The Malaysian Bar filed a judicial review application last Friday to seek a declaration that the decision by the Federal Territories Pardons Board last Jan 29 to halve the jail sentence of former prime minister Datuk Seri Najib Razak to six years and reduce the fine in his SRC International graft conviction to RM50 million is unconstitutional, void and unlawful.

Malaysian Bar challenges Pardons Board decision to reduce Najib’s sentence

SHANGHAI (April 30): China Vanke's first public commercial real estate investment products fell as much as 3% in early trade on their debut on Tuesday, reflecting caution towards China's second-largest developer amid a prolonged property market downturn.

China Vanke's first public commercial REIT falls in early trade on debut

I love Kuala Lumpur, the city where I was born — to be precise, it was in Maternity Ward 3 of the old General Hospital. The wooden structure of Ward 3 has long given way to new medical facilities, but the General Hospital has remained at the intersection of Jalan Pahang and Jalan Tun Razak since ...

My Say: KL’s heritage buildings are in dire need of preservation

Asset managers in Malaysia and the rest of Asia will face headwinds as the US, the world’s largest capital market, transitions to T+1 settlement for transactions of various securities starting May 28.

These securities include equities, corporate bonds, government securities, municipal b...

Cover Story: Impact of US T+1 settlement on local investors

SYDNEY/BENGALURU (April 30): Australian No.2 grocery chain Coles said on Tuesday that it was asking suppliers to ship more products, after a slowdown in inflation encouraged shoppers to buy more, pushing its March quarter supermarket sales higher than analysts forecast.

Australia's Coles eyes more product volume as cooling inflation lures shoppers

KUALA LUMPUR (April 30): Shares of Nestle Malaysia Bhd rose to its highest in eight months after reporting results that came in slightly ahead of expectations, though analysts flagged sales pressure ahead for the food-and-drink company.

Nestle Malaysia shares rise to eight-month high after 1Q results

The US Treasury said on Monday it expects to borrow US$243 billion (RM1.1 trillion) in the second quarter, US$41 billion more than the January estimate largely due to lower cash receipts, partially offset by a higher cash balance at the beginning of the quarter.

US Treasury to borrow US$243b in 2Q, higher than January forecast

Boeing on Monday tapped debt markets to raise US$10 billion (RM47.6 billion), after the US planemaker burned US$3.93 billion in free cash during the first quarter as production of its best-selling jet declined, sources familiar with the matter said.

Boeing taps debt market to raise US$10b — Reuters

Reinold Geiger, the billionaire owner of L’Occitane International SA, wants to take the skin-care company private in a move that could end its 14-year run on the Hong Kong stock exchange.

L’Occitane chairman launches buyout at €6b valuation

Shares in Oppstar Bhd rose to a five-month high on Tuesday after the integrated circuit (IC) design service provider announced it is partnering with South Korea’s tech giant Samsung Electronics Co Ltd to produce industrial ICs.

Oppstar surges to five-month high after announcing Samsung tie-up

<p>KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):</p>

<p>QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

<p>YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin&nbsp;Group Property Bhd develop the plot in return for at least RM52 million.</p>


YNH makes belated announcement about transactions involving its Segambut land

<p>The Genting group companies' operations have recovered from the impact of the Covid-19 pandemic, and its earnings are expected to further grow, albeit more gradually, according to S&amp;P Global Ratings.</p>


S&P: Genting's operations have recovered from impact of pandemic, earnings to further grow

<p>Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.</p>


Fire outbreak at paint processing plant 'has nothing to do with Kossan Rubber Industries', says MD

<p>MKH Oil Palm (East Kalimantan) Bhd (MKHOP) opened at 63 sen in its Main Market debut on Tuesday, up 1.6% from its initial public offering (IPO) price of 62 sen.</p>


MKH Oil Palm rises 1.6% to 63 sen in Main Market debut 

<p>China needs to further reduce its Treasuries holdings, in part to lessen the potential leverage of Washington over its Asian rival, according to a paper published by a Chinese state think tank.</p>


China’s US Treasury holdings becoming ‘hostages,’ academic warns

<p>It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.</p>


Binance and CZ’s fortunes are set to grow, jail or no jail 

<p>Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.</p>


Oppstar partners with Samsung to produce industrial integrated circuits

<p>Shares in Oppstar Bhd rose to a five-month high on Tuesday after the integrated circuit (IC) design service provider announced it is partnering with South Korea’s tech giant Samsung Electronics Co Ltd to produce industrial ICs.</p>


<p>RHB Investment Bank Research has maintained its “overweight” rating on the rubber products sector and said it expects glove makers to record positive quarter-on-quarter (q-o-q) net profit growth in the upcoming March quarterly reporting season.</p>


RHB sees glove makers recording positive q-o-q net profit growth in March earnings

<p>HHRG Bhd was slapped with a RM58.18 million suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.&nbsp;</p>


HHRG faces RM58 mil suit over alleged default of loan by ex-chairman

<p>Amy Wang was counting on a 100,000 yuan (RM65,743) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the money, she is yet to move in.</p>


Strained Chinese cities struggle to pay home buying subsidies

<p>Samsung Electronics Co’s earnings surged after the semiconductor business returned to profitabilty for the first time since 2022, boosted by broad spending on artificial intelligence development.</p>


Samsung’s profit surges after AI boom reverses chip losses 

<p>Elon Musk’s net worth is soaring after it plunged to the lowest level in almost a year.</p>


Musk’s fortune soars by most since before Twitter purchase

<p>Hong Leong Investment Bank (HLIB) Research has valued ACE Market-bound Sin-Kung Logistics Bhd at 17 sen, based on 15x price earnings ratio on FY2024F of 1.1 sen.</p>


HLIB values ACE Market-bound Sin-Kung Logistics at 17 sen

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


SC adds two potential clones to Investor Alert List

<p>US stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week.</p>


Wall Street stocks finish higher as investors focus on Fed moves

<p>As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change.</p>


Half of all copper mining at drought risk with climate change

<p>KUALA LUMPUR (April 30): Shares of Nestle Malaysia Bhd rose to its highest in eight months after reporting results that came in slightly ahead of expectations, though analysts flagged sales pressure ahead for the food-and-drink company.</p>


<p>Rapid disinflation and resilient growth will help Asia-Pacific achieve a "soft landing" even though economic expansion is expected to slow over the next two years, the International Monetary Fund (IMF) said on Tuesday.</p>
