KWAP

Solving a RM1.3 trillion pension liability problem

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[ WHEN Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said in January that the government is scrapping the pension scheme for new civil servants as part of its pension reform plan, it was met with much resistance. For many civil servants, they do not mind the lower salaries as they are assured of a … Read more

Yinson raises RM283mil via private placement

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[ PETALING JAYA: Yinson Holdings Bhd has raised RM283.2mil from a private placement to support its energy transition business. The energy infrastructure and technology company said the exercise involved 120 million new ordinary shares, representing about 4.1% of its total issued shares, excluding its treasury shares, to a selected group of institutional investors. Yinson said … Read more