Business

KUALA LUMPUR, The World Trade Centre Kuala Lumpur (WTCKL) won the “Best Convention and Exhibition Centre” award at the Tourism Industry Awards (TIA) 2024 held here on Friday (July 26). Its group managing director, Datuk Seri Dr Irmohizam Ibrahim said the achievement shows WTCKL’s commitment to excellence according to global benchmarks in providing exceptional space and services for various types of events. “We are determined to continue to innovate and raise industry standards by ensuring each event held at WTCKL has a high impact,” he said in a statement today, adding that this excellence proves the hard work and dedication

KENINGAU, The export revenue from the cocoa industry reached RM4.8 billion as of May 2024. In a statement today, the Ministry of Plantation and Commodities said this amounted to approximately 58 per cent of the cocoa industry’s export revenue of RM8.2 billion last year. “This achievement clearly shows the industry’s importance as a catalyst for the country’s economy,” said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. The statement was released in conjunction with Johari’s visit to cocoa smallholders in Kampung Liau Ulu, here today. During the visit, the minister also officiated a post-harvest technology course, a cocoa cluster

KOTA BHARU, The MADANI Cooperative and Entrepreneur Sales (JMKU) recorded total sales of RM6.2 million, benefiting 208,055 individuals nationwide, as of yesterday. Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said that 63 JMKU programmes have been carried out, offering basic necessities through 221 sales operators appointed by the Cooperative Commission of Malaysia (SKM). “The ministry will continue the JMKU programme in providing necessities such as rice, cooking oil, eggs, beef, chicken and so on, with savings of up to 20 per cent compared with market prices,” he said. He said this to reporters after officiating the state-level National Cooperative

KUALA LUMPUR, MUI Properties Bhd has received an unusual market activity (UMA) query from Bursa Malaysia Securities today due to the sharp rise in its share price and trading volume. At the close today, the company’s shares rose by 10.5 sen to 35 sen, with 41.33 million shares changing hands. It opened at 25 sen and touched its highest at 36.5 sen during the trading session. “Investors are advised to take note of the company’s reply to the UMA query which will be posted on Bursa Malaysia’s website under the company announcements when making their investment decision,” said Bursa Malaysia

KUALA LUMPUR, Kelington Group Bhd has entered into a conditional share sale agreement (SSA) to acquire 2.53 million ordinary shares in Ace Gases Sdn Bhd for RM35.69 million. In a Bursa Malaysia filing today, Kelington said the acquisition represents the remaining 9.29 per cent equity interest and will allow it to fully control Ace Gases. “The SSA is to be satisfied via cash consideration amounting to RM10.07 million cash and issuance of 7.59 million new ordinary shares in Kelington at an issue price of RM3.37 per share,” it said. Kelington said that the acquisition would provide greater flexibility in planning