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channel for the latest stories and updates. According to Forbes’ 2021 Billionaires list, Malaysia now has 16 billionaires. Four are new to the list, namely Tan Yu Yeh at #1,750 (Mr D.I.Y, US$1.8 billion), Tan Sri G. Gnanalingam at #1,833 (Westport, US$1.7 billion), Tan Eng Kee at #2,524 (Greatech, US$1.1 billion), and Tan Yu Wei at #2,524 (Mr D.I.Y, US$1.1 billion). Two of these new billionaires hail from Mr D.I.Y, our own local home improvement retailer, which raised an unprecedented RM1.5 billion when they went on the public stock market in 2020. There’s gold in every hill, pandemic or not ....
EIGHT of Malaysia’s top 10 richest tycoons based on Forbes’ 2020 billionaires list earned a whopping RM1.99 billion worth of dividends from the recently announced financial results for the quarter ended Dec 31, 2020, according to their known shareholdings in Bursa Malaysia-listed firms. Among them, Public Bank Bhd founder Tan Sri Dr Teh Hong Piow is expected to receive the biggest dividend payout totalling RM668.18 million from his shareholdings in the bank and insurer LPI Capital Bhd. Public Bank, the third-largest banking group in the country by asset size, declared an interim dividend of 13 sen (payable on March 22) for the fourth quarter of financial year 2020 (4QFY2020) ended Dec 31, 2020. Public Bank also undertook a four-for-one bonus share issue to reward shareholders last year, which enlarged the number of Public Bank’s outstanding shares to 4.2 billion. ....
IOI Corp Bhd is expected to harvest pineapples and other cash crops in early 2022 at its Sagil estate in Tangkak, Johor. (File pic shows Sagil Estate planted with oil palms.) PETALING JAYA: More oil palm plantation companies are venturing into agriculture-related businesses, from dairy farming to pineapple and coconut cultivation, on a large-scale basis in their efforts to further diversify income streams. is expected to harvest pineapples and other cash crops in early 2022 at its Sagil estate in Tangkak, Johor.(pic) The group said some 25,000 MD2 pineapples have been planted each month since August 2020. “By December 2020, a staggering 125,000 MD2 pineapples had been successfully planted with the minimal workforce. ....
KUALA LUMPUR (Feb 3): IOI Corp Bhd said that within the early months of 2022, the oil palm planter expects to reap a bountiful harvest of MD2 pineapples as well as other cash crops when they are ripe for harvest. In a statement on its website yesterday (Feb 2), IOI Corp said that with the tenacity and persistency of its Tangkak, Johor-based Sagil Estate team, 25,000 MD2 pineapples have been planted each month since August 2020. By December 2020, a staggering 125,000 MD2 pineapples had been successfully planted with minimal workforce. These pineapples were intercropped between rows of aromatic green dwarf/pandan coconut trees and other crops such as bananas and kenaf at Sagil Estate, IOI Corp said. ....
Wednesday, 06 Jan 2021 05:43 PM MYT IOI Corporation Bhd group MD and CEO Datuk Lee Yeow Chor said the seed oil sector is also equally important for the socio-economic development of a country, similarly in the same way that palm oil has been important for Malaysia and Asia. Picture by Yusof Mat Isa Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Jan 6 It is prime for the palm oil industry to collaborate more comprehensively with competing seed oil producers, offering a multi-oils solution as a way for a sustainable industry in post-pandemic. IOI Corporation Bhd group managing director and chief executive officer Datuk Lee Yeow Chor said the seed oil sector is also equally important for the socio-economic development of a country, similarly in the same way that palm oil has been important for Malaysia and Asia. ....