Amid the Covid-19 pandemic, companies not only face a slowdown in economic activity but also need to hasten their digitalisation journey and ensure they are ESG-compliant. Some are restructuring to achieve this.
KUALA LUMPUR: Stocks to watch on Wednesday include Pintaras Jaya Bhd, Genting Malaysia Bhd, Sime Darby Bhd, Willowglen MSC Bhd and Boustead Holdings Bhd, according to JF Apex Research.
KUALA LUMPUR: Boustead Holdings Bhd is selling its controlling stake in University of Nottingham in Malaysia (UNM), as the diversified group sheds non-strategic assets.
JOHOR BARU: Datuk Seri Mohamed Khaled Nordin has tendered his resignation as Boustead Holdings Bhd chairman.
The Umno vice-president and former Johor mentri besar said Umno had made a resolution to retract support for Prime Minister Tan Sri Muhyiddin Yassin and the Perikatan Nasional government and he would abide by the decision. I hereby announce my resignation as the non-independent non-executive chairman of Boustead Holdings Bhd effective Thursday (Aug 5). This is to take my responsibility as a party member who will continue to abide by and respect any decision and ruling of the party, he said in a Facebook post on Wednesday (Aug 4).
Anuradha Raghu and Yantoultra Ngui, Bloomberg News Harvested oil palm fruits are loaded into a trailer at a plantation in Kapar, Selangor, Malaysia, on Monday, May 3, 2021. Palm oil jumped the most in 11 months after its closest rival soyoil powered to fresh 2008 highs and as traders weighed tighter-than-expected supplies of the tropical oil in No. 2 grower Malaysia. Photographer: Joshua Paul/Bloomberg , Bloomberg
(Bloomberg) A blistering palm oil rally is stoking a flurry of plantation deals as growers brace for stiffer challenges from environmental and labor risks.
Higher prices of the tropical oil over the past year created a profit windfall for the industry, making the time ripe for cash-rich planters to snap up plantation assets. Itâs also an opportunity to monetize estates for smaller-sized growers grappling with rising operational costs and worker shortages, as well as heightened scrutiny on environmental, social a