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Bursa Malaysia Edges Higher At Midday On Bargain Hunting, Strong Trade Data
Bursa Malaysia Edges Higher At Midday On Bargain Hunting, Strong Trade Data

BusinessToday

time3 days ago

  • Business
  • BusinessToday

Bursa Malaysia Edges Higher At Midday On Bargain Hunting, Strong Trade Data

Bursa Malaysia ended the morning session higher as bargain hunting emerged following upbeat domestic economic data, offsetting softer regional market sentiment. At 12.30pm, the FBM KLCI gained 4.22 points, or 0.27%, to 1,553.33 from Aug 7's close of 1,549.11, after trading between 1,546.41 and 1,554.27. Turnover stood at 1.46 billion shares worth RM959.61 million. Market breadth, however, was negative, with 503 decliners outnumbering 293 gainers, while 438 counters were unchanged. Earlier today, the Department of Statistics Malaysia reported that wholesale and retail trade rose 4.8% year-on-year in June 2025 to RM153 billion, driven by robust performances in both sub-sectors. Despite the good news, heavyweights saw mild gains, with CIMB up seven sen to RM6.85, Public Bank adding four sen to RM4.33, TNB rising two sen to RM13.78, and Maybank and IHH Healthcare inching up one sen each to RM9.64 and RM6.96 respectively. By sector, the Financial Services Index jumped 88.25 points to 17,582.71, the Plantation Index climbed 57.58 points to 7,406.32, and the Energy Index edged up 0.93 of a point to 735.61, while the Industrial Products and Services Index dipped 0.4 of a point to 157.62.

HTAN additional block 90% complete, set for February 2026 opening
HTAN additional block 90% complete, set for February 2026 opening

The Sun

time14-07-2025

  • Health
  • The Sun

HTAN additional block 90% complete, set for February 2026 opening

KUALA PILAH: The construction of an additional block at Tuanku Ampuan Najihah Hospital (HTAN), previously stalled due to pandemic disruptions, is now nearing completion. With over 90 per cent of work finished, the project is expected to be fully operational by February 2026. Originally slated for completion in August 2024, the RM153 million project faced delays primarily due to labour shortages during the Movement Control Order (MCO). Datuk Adnan Abu Hassan, a member of the Parliamentary Special Select Committee on Health, confirmed the revised timeline after a site visit. 'The contractor acknowledged delays exceeding 90 days last year, mainly because workers could not return after the MCO,' said Adnan, who is also Kuala Pilah's MP. The addition of an Infectious Diseases Ward further extended the timeline. Spanning 1.7 hectares, the six-storey block will add 144 beds, increasing HTAN's total capacity to 458. The facility will house upgraded departments to enhance healthcare services for local residents. Adnan urged the Health Ministry to expedite staffing preparations to ensure seamless operations post-completion. - Bernama

HTAN Additional Block Nearing Completion, Ready By February 2026
HTAN Additional Block Nearing Completion, Ready By February 2026

Barnama

time14-07-2025

  • Health
  • Barnama

HTAN Additional Block Nearing Completion, Ready By February 2026

KUALA PILAH, July 14 (Bernama) -- The construction project for the additional block at Tuanku Ampuan Najihah Hospital (HTAN) here, previously classified as a sick project, is now showing encouraging progress with more than 90 per cent completed and is expected to be fully completed by February next year. Parliamentary Special Select Committee on Health member, Datuk Adnan Abu Hassan said the project, which began in 2021 and was originally scheduled for completion in August 2024, experienced some delays due to labour shortages during the implementation of the Movement Control Order (MCO) at the height of the COVID-19 pandemic. He said the project, covering an area of 1.7 hectares with an initial contract cost of RM139.35 million, now stands at approximately RM153 million under the current contract, with a work progress of 93.93 per cent.

Former Director Charged With Improper Use Of Company Pproperty
Former Director Charged With Improper Use Of Company Pproperty

Barnama

time05-06-2025

  • Business
  • Barnama

Former Director Charged With Improper Use Of Company Pproperty

SEREMBAN, June 5 (Bernama) -- A former company director pleaded not guilty in the Sessions Court here today to eight charges of improper use of company property, amounting to RM153,609 between 2019 and 2020. Chin Wei Choong, 42, made the plea after the charges were read out before Judge Mohamad Kamil Nizam. On four of the charges, he was charged as a director of Ambitious Supreme Sdn Bhd, to have used the company property, involving RM8,829; RM32,710; RM60,000; and RM7,070, without the consent or ratification of the company's general meeting to indirectly benefit him. It was for payments to several companies for work done for Tadika Universal Sdn Bhd, a company with which he had an interest, through Academy Adelphi Worldwide Hotels Sdn Bhd, between Nov 1, 2019, and Jan 10, 2020. He was also charged with four counts of committing a similar offence, involving RM10,000; RM10,000; RM15,000; and RM10,000 involving company property, to indirectly benefit him through a loan made to Tadika Universal Sdn Bhd, in which he has an interest, through Academy Adelphi Worldwide Hotels Sdn Bhd between Aug 6 and Oct 28, 2020. The offences were allegedly committed at a premises in Oakland Commerce Square here. The charges, framed under Section 218(1)(a) of the Companies Act 2016 and punishable under Section 218(2) of the same law, provide imprisonment for up to five years or a fine not exceeding RM3 million or both, if convicted. Chin was allowed bail of RM1,000 for each charge with one surety, and the court set July 31 for mention. Prosecuting officer Muhammad Akmal Azmi, from the Companies Commission of Malaysia (SSM), appeared for the prosecution, while lawyer Tan Zhi Xian represented Chin.

Former director charged with improper use of company property
Former director charged with improper use of company property

The Star

time05-06-2025

  • Business
  • The Star

Former director charged with improper use of company property

SEREMBAN: A former company director pleaded not guilty in the Sessions Court here on Thursday (June 5) to eight charges of improper use of company property, amounting to RM153,609 between 2019 and 2020. Chin Wei Choong, 42, made the plea after the charges were read out before Judge Mohamad Kamil Nizam. In relation to four of the charges, he was accused as a director of Ambitious Supreme Sdn Bhd of having misused company property, involving RM8,829, RM32,710, RM60,000 and RM7,070, without the consent or ratification of the company's general meeting, thereby indirectly benefiting himself. It was for payments to several companies for work done for Tadika Universal Sdn Bhd, a company with which he had an interest, through Academy Adelphi Worldwide Hotels Sdn Bhd, from Nov 1, 2019, to Jan 10, 2020. He was also charged with four counts of committing a similar offence, involving RM10,000, RM10,000, RM15,000 and RM10,000 involving company property, to indirectly benefit him through a loan made to Tadika Universal Sdn Bhd, in which he has an interest, through Academy Adelphi Worldwide Hotels Sdn Bhd from Aug 6 to Oct 28, 2020. The offences were allegedly committed at a premises in Oakland Commerce Square here. The charges, framed under Section 218(1)(a) of the Companies Act 2016 and punishable under Section 218(2) of the same law, provide imprisonment for up to five years or a fine not exceeding RM3mil or both, if convicted. Chin was allowed bail of RM1,000 for each charge with one surety, and the court set July 31 for mention. Prosecuting officer Muhammad Akmal Azmi, from the Companies Commission of Malaysia (SSM), appeared for the prosecution, while lawyer Tan Zhi Xian represented Chin. – Bernama

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