<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 4): LTKM Bhd’s unit LTK (Melaka) Sdn Bhd is to be charged for increasing the margins of its grade A egg prices by 17.46% and therefore committing an offence under the Price Control and Anti-Profiteering Act 2011.</p></div>

<div class=newsTextDataWrapInner><p>In a filing today, the poultry company said it was issued with a summons on March 29 to appear in the Melaka Sessions Court. LTKM is alleged to have increased the price margins from 12.29% to 29.75%, committing an offence under section 141 (1) of the Act.</p></div>

<div class=newsTextDataWrapInner><p>LTK Melaka is a major subsidiary which contributes more than 70% of the group’s profit before tax.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The board of directors of the company is seeking legal advice and taking the necessary actions to respond to the above claim. LTK Melaka will be represented at the Melaka Session Court on April 16, 2019,” it said.</p></div>

<div class=newsTextDataWrapInner><p>It said the offence is punishable with a fine up to RM500,000 for a first-time offender and up to RM1 million for each subsequent offence.</p></div>

<div class=newsTextDataWrapInner><p>It said the company will make further announcement with more information in due course.</p></div>

<div class=newsTextDataWrapInner><p>LTKM share price went up three sen to RM1.18, for a market capitalisation of RM153.52 million.</p></div>


LTKM Bhd’s unit LTK (Melaka) Sdn Bhd is to be charged for increasing the margins of its grade A egg prices by 17.46% and therefore committing an offence under the Price Control and Anti-Profiteering Act 2011.

In a filing today, the poultry company said it was issued with a summons on March 29 to appear in the Melaka Sessions Court. LTKM is alleged to have increased the price margins from 12.29% to 29.75%, committing an offence under section 141 (1) of the Act.

LTKM to be charged with raising egg prices

Thailand will name former corporate energy executive and central bank board member Pichai Chunhavajira as its new finance minister, taking over the role from Prime Minister Srettha Thavisin, two government sources told Reuters on Thursday.

Thailand to appoint former energy executive Pichai finance minister — Reuters

MOSCOW (April 25): The head of the Belarusian security service said on Thursday it had thwarted an attack on the capital Minsk by drones launched from Lithuania, Russian state news agencies said.

There was no immediate comment from NATO-member Lithuania.

"The State Security Co...

Belarus says it thwarted attack on capital by drones launched from Lithuania

KUALA LUMPUR (April 25): AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation businesses, announced the mechanics of its plan via a bourse filing on Thursday.

It will first undertake an internal reorganisation that involves the setting up of a new company (NewCo)...

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Practice Note 17 (PN17) company Khee San Bhd will increase the allotment underwritten in its proposed rights issue after Ng Meng Kee ceased to be a substantial shareholder and requested to discharge his undertaking.

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Indonesian president elect Prabowo Subianto received a boost on Thursday after a prominent political party that backed another candidate pledged its support for his administration, moving him a step closer to securing a majority in the new parliament.

NasDem, which won 10% of the vote in February's legislative election, was ready to pledge its "full support" for the next administration, its chief Surya Paloh told reporters after a meeting with Prabowo.

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The Employees Provident Fund (EPF) has announced the implementation of Account 3, named Flexible Account, from May 11.

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Global semiconductor firm Nasdaq-listed TTM Technologies Inc has invested US$200 million (about RM958 million) for its first manufacturing plant in Malaysia.

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Pantech Group Holdings Bhd is considering to list two wholly-owned subsidiaries — Pantech Stainless & Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd — on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).

Plans for this are still at the preliminary stage and extensive preparatory work needs to be carried out, Pantech said in a bourse filing on Thursday.

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PARIS (April 25): French President Emmanuel Macron appealed on Thursday for stronger, more integrated European defences and said the continent must not become a vassal of the United States, as he outlined his vision for a more assertive European Union (EU) on the global stage.

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Construction company Inta Bina Group Bhd has secured a contract worth RM224.8 million to develop a 38-storey business serviced apartment in Subang Jaya.

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<p>KUALA LUMPUR (April 25): Members of the the Employees Provident Fund (EPF) who are below 55 years old will have an Account 3 starting from May 11, from which they can make withdrawals at any time for any purpose —&nbsp;subject to a minimum withdrawal amount of RM50. This is on top of the two existing accounts they currently have for retirement savings.&nbsp;</p>


EPF members under age 55 will have Account 3 starting May 11

<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


Malaysia is said to mull casino resort to revive Forest City

<p>Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.</p>


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<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


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<p>A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.</p>


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<p>Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) owns a 35% stake, has appointed Datuk Hishammudin Hasan as its new chief executive officer effective April 17.</p>


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<p>Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.</p>


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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

<p>Maybank IB is the first from a total of fi...

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<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.</p>


PM denies claims that govt issuing casino licence for Forest City

<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


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<p>JOHOR BAHRU (April 25): The Johor branch of the Malaysian Quarantine and Inspection Services Department (Maqis) found parasitic worms Anisakis sp in samples of sardine cans from China that were brought in through the Sultan Iskandar Building (BSI) here, earlier this month.</p>


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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

<p>The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.</p>


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<p>IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter.</p>

<p>Spanning 117 acres in southern Klang Valley, the 12-phase Senna Puteri will be developed over the next 10 years, offering residential, commercial, recreational areas, green spaces, community hall, surau and more. It has a gross development value (GDV) of over RM3 billion.</p>


IOI Properties breaks ground for 117-acre Senna Puteri in Sepang

<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.</p>


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<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

<p>His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.</p>


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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


Naim Holdings likely to resume its uptrend, says RHB Retail Research 

<p>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</p>


NationGate is observing technical breakout, says RHB Retail Research 

<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


Singapore's Keppel profit rises on strong infra, connectivity performance

<p>KUALA LUMPUR (April 25): Former prime minister Datuk Seri Najib Razak had never instructed 1Malaysia Development Bhd’s (1MDB) management to transfer a total US$1.03 billion to Good Star Ltd, a company linked to the fugitive Low Taek Jho (Jho Low), the court heard on Thursday.</p>
