SEPANG - The shortage in sugar supply in the in East Coast, which was caused by the temporary closure of the MSM Malaysia Holdings Bhd sugar mills in Johor and Perai, Penang, has.
SEPANG: The sugar supply shortfall in the peninsula's east coast, caused by the temporary closure of MSM Malaysia Holdings Bhd sugar mills in Johor and Penang, has been restored.
SEPANG: The shortage in sugar supply in the East Coast, which was caused by the temporary closure of the MSM Malaysia Holdings Bhd sugar mills in Johor and Perai, Penang, has been restored, says Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub.
SUGAR refiner MSM Malaysia Holdings Bhd has not performed well over the past few years owing to myriad issues that have adversely impacted its bottom line. A 51%-controlled company of plantation outfit FGV Holdings Bhd, MSM enjoys a commanding 60% market share of the local sugar refining business. But although it is the dominant player in a duopoly, the company has suffered losses in three out of the past five financial years, prompting questions on what ails it and when investors can expect sweeter returns.
Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi on Monday warned subsidised cooking oil packaging companies to conduct their businesses in accordance with the conditions set to ensure that there is always sufficient supply in the market