17/03/2025
˻ ͒͘ ˜ ͓͓͖͑
ħبÐÛº j©´ç #>33>a >9 # >>1 ħ Malaysian Paper
BIZ & FINANCE
(K ĞÐ ¿ÌØÐ Éjç ¿ ©º ©ºÌjÐ ¿´´Ø©¿ºÐ 5 )& *OMBOE 3FWFOVF #PBSE *3# JODSFBTFE JUT UBY DPMMFDUJPO GPS UP 3. CJMMJPO B SJTF PG 3. CJMMJPO DPNQBSFE UP 3. CJMMJPO JO UIFSF BSF VOQBJE UBYFT JT DPNNFOEBCMF BT JU JT POMZ VTJOH UBY BVEJUT PS JOWFTUJHBUJPOT PO B TFMFDUJWF CBTJT 5IJT JT B HPPE XBZ PG CVJMEJOH B SFMBUJPOTIJQ XJUI UBYQBZFST
8ĞЩjº ¹©ÐЩ¿º j´´Ð ¿º aT> Ø¿ É´jç ÌÛ©j´ Ì¿´ j¹© ¢´¿j´ ØÌj ¨j´´º¢Ð ,6"-" -6.163 5IF 1FSNBOFOU .JTTJPO PG .BMBZTJB UP UIF 8PSME 5SBEF 0SHBOJ[B UJPO 850 IBT DBMMFE PO UIF 850 UP QMBZ B DSVDJBM SPMF BOE iTIPX JUT BCJMJUZ BOE SFBEJOFTTw UP BEESFTT HMPCBM USBEF DIBMMFOHFT TVDI BT iVOJMBUFSBM BDUJPOT CZ DFSUBJO DPVOUSJFT UIBU MFBE UP B USBEF XBSw 5IF NJTTJPO TBJE JO B TUBUFNFOU UIBU BT POF PG UIF GPVOEJOH NFNCFST .BMBZTJB XJMM DPOUJOVF UP FOHBHF DPOTUSVDUJWFMZ XJUI PUIFS 850 NFNCFST BT XFMM BT QSPWJEF JUT MFBEFSTIJQ iUP TUSFOHUIFO BOE VQIPME UIF SVMFT CBTFE NVMUJMBUFSBM USB EJOH TZTUFNw .FBOXIJMF DJUJOH 850 TUBUJTUJDT UIF 1FSNBOFOU 3FQSFTFOUBUJWF PG .BMBZTJB UP UIF 850 "NCBTTBEPS 4ZBISJM 4ZB[MJ (IB[BMJ OPUFE UIBU UIF HMPCBM TFSWJDFT USBEF QPTUFE B TUSPOH ZFBS PO ZFBS JODSFBTF JO UIF UIJSE RVBSUFS PG CVJMEJOH PO TPMJE HSPXUI JO UIF GJSTU IBMG PG UIF ZFBS )F TBJE UIF SJTF JO TFSWJDFT FYQPSUT BOE HSPXUI JO JNQPSUT BDSPTT SFHJPOT SFGMFDUFE IJHI EFNBOE GPS EJWFSTF TFSWJDFT i4QFDJGJDBMMZ JO UIF UIJSE RVBSUFS PG USBOTQPSU TBX B SJTF JOUFS OBUJPOBM USBWFMMFST FYQFOEJUVSF JO GPSFJHO FDPOPNJFT JODSFBTFE CZ BOE PUIFS DPNNFSDJBM TFSWJDFT BDDPVOUJOH GPS TPNF PG UPUBM TFSWJDFT USBEF FYQBOEFE CZ i* VSHF NFNCFST UP JOUFOTJGZ FOHBHF NFOU JO BEESFTTJOH PVUTUBOEJOH JTTVFT BT XFMM BT FYQMPSJOH GMFYJCJMJUJFT UP BDIJFWF QPUFOUJBM EFMJWFSBCMFT GPS UIF VQDPNJOH .JOJTUFSJBM $POGFSFODF JO :PVOEF $BN FSPPO w IF TBJE JO B TUBUFNFOU JO DPO KVODUJPO XJUI UIF GJSTU NFFUJOH PG UIF $PVODJM GPS 5SBEF JO 4FSWJDFT $54 UIJT ZFBS IFME PO 5IVSTEBZ JO (FOFWB 4XJU[FSMBOE 5IJT XBT 4ZBISJM 4ZB[MJ T GJOBM NFFUJOH BT DIBJSNBO BOE IF PGGJDJBMMZ IBOEFE PWFS UIF DIBJSNBOTIJQ UP UIF 1FSNBOFOU 3FQSF TFOUBUJWF PG /FQBM UP UIF 850 "NCBTTBEPS 3BN 1SBTBE 4VCFEJ 5IF $54 NFFUJOH EJTDVTTFE BOE BEESFTTFE LFZ PVUDPNFT FNBOBUJOH GSPN UIF UI 850 .JOJTUFSJBM $POGFSFODF JO "CV %IBCJ MBTU ZFBS 5IF NFFUJOH BMTP FOEPSTFE UIF GSBNFXPSL PG B RVFTUJPO OBJSF EFWFMPQFE CZ UIF MFBTU EFWFMPQFE DPVOUSJFT -%$ UP GBDJMJUBUF UIF JNQMF NFOUBUJPO PG UIF i-%$ TFSWJDFT XBJWFSw XIJDI BJNFE UP QSPWJEF QSFGFSFOUJBM USFBUNFOU UP -%$ TFSWJDFT BOE TFSWJDF TVQQMJFST BT NBOEBUFE CZ 850 NJOJTUFST JO /BJSPCJ JO 5IF $54 JT POF PG UIF 850 T UJFS TVCTJEJBSZ CPEJFT UIBU PWFSTFFT UIF JNQMFNFOUBUJPO PG UIF (FOFSBM "HSFFNFOU GPS 5SBEF JO 4FSWJDFT ("54 BOE SFQPSUT EJSFDUMZ UP UIF (FOFSBM $PVODJM 5IF ("54 QSPWJEFT B MFHBM GSBNFXPSL GPS BEESFTTJOH CBSSJFST UP USBEF BOE JOWFTUNFOU JO TFSWJDFT *U JODMVEFT TQFDJGJD DPNNJUNFOUT CZ 850 NFNCFST UP SFTUSJDU UIFJS VTF PG UIPTF CBSSJFST BOE QSPWJEFT B GPSVN GPS GVSUIFS OFHPUJBUJPOT UP PQFO BOE GBDJMJUBUF TFSWJDFT NBSLFUT 5IFTF DPNNJU NFOUT BSF DPOUBJOFE JO NFNCFS TDIFEVMFT TJNJMBS UP UIF NFNCFS TDIFEVMFT GPS UBSJGGT o #FSOBNB
2VJDLFS SFGVOET CZ UIF *3# XJMM CF XFMDPNFE CZ UBYQBZFST BOE XJMM HSFBUMZ FOIBODF UIF CPBSE T SFMBUJPOTIJQ XJUI UBYQBZFST 5IF *3# TIPVME FSBEJDBUF UIF QFSDFQUJPO UIBU JG ZPV BTL GPS SFGVOET ZPV BSF MJLFMZ UP CF BVEJUFE *G QPTTJCMF UIF *3# TIPVME DPNF BOE PQFOMZ TUBUF UIBU UIJT JT OPU UIF DBTF *G UIFSF BSF UFDIOJDBM JTTVFT XIFSF UIF *3# BOE UIF UBYQBZFS IBWF HPPE SFBTPOT UP IPME UIFJS QPTJUJPOT UIFSF NVTU JODSFBTFE UJNF BOE FGGPSU TQFOU XJUIJO UIF *3# TZTUFN UP GJOE BNJDBCMF TPMVUJPOT BOE BWPJE UIF NBUUFST CFJOH UBLFO UP DPVSU BT JU XJMM CF UJNF DPOTVNJOH UP CPUI UBYQBZFS BOE UIF BVUIPSJUZ "MUIPVHI UIFSF JT BO BQQFBM TZTUFN BOE B EJTQVUF SFTPMVUJPO QBOFM UP SFTPMWF TVDI JTTVFT JOUFSOBMMZ NPSF UJNF BOE EJTDVTTJPO TIPVME CF TQFOU BU UIF BTTFTTNFOU MFWFM BOE BU UIF QPMJDZ MFWFM UP FYIBVTU BMM BWFOVFT PG EJTDVTTJPO CFGPSF UIF NBUUFS FTDBMBUFT VQXBSET 4FUUMJOH UISPVHI OFHPUJBUJPOT BOE VOEFSTUBOEJOH POF BOPUIFS T QPTJUJPOT XJMM CF CFOFGJDJBM UP CPUI QBSUJFT 5IF DVSSFOU USFOE BQQFBST UP CF VTJOH UFDIOPMPHZ BOE PUIFS TPGU BQQSPBDIFT UP JODSFBTF DPNQMJBODF XJUIPVU BCBOEPOJOH UIF TFMFDUJWF VTF PG TUSJDUFS FOGPSDFNFOU NFUIPET 8JUI UIF JODSFBTF PG BSUJGJDJBM JOUFMMJHFODF UIF PQQPSUVOJUZ GPS UIF *3# UP XJEFO UIF UBY OFU JT GPSUIDPNJOH
5IF *3# IBT BMTP CFFO DBSSZJOH PVU WBSJPVT PQFSBUJPOT m TVDI BT 0QT .FUSP 0QT ,PTNP BOE 0QT %BHBOH m XIJDI JOWPMWF WJTJUJOH UBYQBZFST UP CVJME SFMBUJPOTIJQT BOE UP SFNJOE UIFN PG UIFJS UBY DPNQMJBODF SFTQPOTJCJMJUJFT )PXFWFS GPS
5IF QSJNF NJOJTUFS DPN NFOEFE UIF *3# GPS JUT HPPE FGGPSUT PO .BSDI )F TBJE i* BN PQUJNJTUJD 'JSTU * XBT WFSZ JNQSFTTFE XJUI UIF QFSGPSNBODF PG UIF *3# PWFS UIF MBTU GFX ZFBST QBSUJDVMBSMZ MBTU ZFBS * UIJOL UIJT JT NPSF PSHBOJTFE BOE TUSVDUVSFE BOE OFX JOTUSVNFOUT IBWF CFFO JOUSPEVDFE MJLF UIF F JOWPJDF XIJDI IBT IFMQFE u 5IF *3# IBT BEPQUFE UIF iDBSSPU BOE TUJDLu NFUIPE XJUI UIF iDBSSPUu CFJOH HJWFO HSFBUFS JNQPSUBODF UISPVHI BO JOGPSNBM FODPVSBHF NFOU PG WPMVOUBSZ DPNQMJBODF UP CSJOH FSSBOU UBYQBZFST JOUP UIF OFU BOE HFOUMZ DPBYJOH UBYQBZFST XIP IBWF VOEFSEFDMBSFE PS OPO GJMFST JOUP UIF TZTUFN CZ MFWFSBHJOH JOGPSNBUJPO TVCNJUUFE CZ UBYQBZFST GPS EJGGFSFOU QVSQPTFT " TJNQMF FYBNQMF XPVME CF XIFSF BO BHSFFNFOU JT TFOU GPS TUBNQJOH BOE UIF JOGPSNBUJPO DPOUBJOFE UIFSFJO USJHHFST UIF *3# UP OVEHF UIF UBYQBZFS UP DPNF DMFBO PO FJUIFS UIF JODPNF PS SFBM QSPQFSUZ HBJOT XIJDI NBZ OPU IBWF CFFO EFDMBSFE JO UIF QBTU 8JUI UIF HSBEVBM JOUSPEVDUJPO PG F JOWPJDJOH NPSF JOGPSNBUJPO XJMM CF BWBJMBCMF XIJDI XJMM GPSDF UBYQBZFST UP CFDPNF NPSF UBY DPNQMJBOU 5IF OPO DPOGSPOUBUJPOBM BQQSPBDI BEPQUFE CZ UIF *3# VTJOH FNBJMT BOE MFUUFST UP BTL UBYQBZFST UP DIFDL UIFJS QPTJUJPO BOE UP SFWFSU JG 1&5"-*/( +":" ,+54 (SPVQ #IE B QSPWJEFS PG FOFSHZ FGGJDJFOU DPPMJOH TPMVUJPOT IBT GPSNFE B KPJOU WFOUVSF XJUI 4UPOFQFBL BO BMUFSOBUJWF JOWFTUNFOU GJSN TQFDJBMJTJOH JO JOGSBTUSVDUVSF BOE SFBM BTTFUT UISPVHI XIPMMZ PXOFE TVCTJEJBSZ ,+ 5FDIOJDBM 4FSWJDFT 4EO #IE ,+54 4# 4UPOFQFBL XJMM IPME FRVJUZ JOUFSFTU JO UIF QBSUOFSTIJQ BOE ,+54 4# UIF SFNBJOEFS 5IF KPJOU WFOUVSF FOUJUZ XJMM UBSHFU JOWFTUNFOUT PG VQ UP 3. CJMMJPO JO DPPMJOH JOGSBTUSVDUVSF BTTFUT UP TVQQPSU .BMBZTJB T HSPXJOH FOFSHZ EFNBOE BOE BDDFMFSBUF UIF USBOTJUJPO UPXBSET NPSF TVTUBJOBCMF DPPMJOH TPMVUJPOT 5IF KPJOU WFOUVSF XJMM CF TUSVDUVSFE UISPVHI B OFXMZ FTUBCMJTIFE FOUJUZ +7 DPNQBOZ XIJDI XJMM GPDVT PO EFWFMPQJOH BOE JOWFTUJOH JO BOE PS PXOJOH EJTUSJDU DPPMJOH BTTFUT JO .BMBZTJB 8JUI JODSFBTJOH VSCBOJTBUJPO BOE QPUFOUJBM SJTJOH FOFSHZ DPTUT UIF EFNBOE GPS FGGJDJFOU DPPMJOH TPMVUJPOT JT FYQFDUFE UP HSPX TJHOJGJDBOUMZ #Z MFWFSBHJOH JOOPWBUJWF UFDIOPMPHZ QSFEJDUJWF NBJOUFOBODF BOE EBUB ESJWFO PQUJNJTBUJPO UIF +7 DPNQBOZ BJNT UP FOIBODF FGGJDJFODZ SFEVDF FOFSHZ DPOTVNQUJPO BOE TVQQPSU .BMBZTJB T OFU [FSP BNCJUJPOT 5IF UXP DPNQBOJFT TBJE JO B KPJOU TUBUFNFOU UIBU UIFZ CFMJFWF UIF JOWFTUNFOU BMJHOT XJUI .BMBZTJB T &OFSHZ &GGJDJFODZ BOE $POTFSWBUJPO "DU UIF /BUJPOBM &OFSHZ &GGJDJFODZ "DUJPO 1MBO o BOE UIF (SFFO 5FDIOPMPHZ .BTUFS 1MBO o i*U BMTP DPNQMFNFOUT UIF "TFBO $PPM *OJUJBUJWF QPTJUJPOJOH .BMBZTJB BT B MFBEFS JO SFHJPOBM DPPMJOH JOGSBTUSVDUVSF BEWBODFNFOUT 8F CFMJFWF UIF +7 DPNQBOZ QSPWJEFT B TUSPOH QMBUGPSN GPS FYQBOEJOH DPPMJOH TPMVUJPOT UIBU SFEVDF SFMJBODF PO USBEJUJPOBM FOFSHZ JOUFOTJWF DPPMJOH NFUIPET w UIFZ BEEFE ,+54 4# XJMM MFBE BTTFU JEFOUJGJDBUJPO BOE BDRVJTJUJPO XIJMF FOTVSJOH BMJHONFOU XJUI UIF FOFSHZ USBOTJUJPO TUSBUFHZ *O QSPWJEJOH FOHJOFFSJOH QSPDVSFNFOU DPOTUSVDUJPO BOE
UBYQBZFST XIP IBWF CFFO TVTQFDUFE PG DBSSZJOH PVU GSBVEVMFOU BDUJWJUJFT PS JOUFOUJPOBMMZ VOEFSSFQPSUJOH UIFJS UBYFT UIF iCJH TUJDLu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
ÒÓÝ ËÜÞÓÍÖÏ ÓÝ ÍÙØÞÜÓÌßÞÏÎ Ìã ÒËØØÏÏÝ Ëâ ÙØÝßÖÞÓØÑ ÏÜàÓÍÏÝ ÎØ ÒÎ ×ËØËÑÓØÑ ÎÓÜÏÍÞÙÜ ÒËØØÏÏÜ×ËÖËÓ ̙ ááá˛ÞÒËØØÏÏݲÍÙ×̚ ˛ 10TOīOØ¿ºÉj² ±¿©ºØ äºØÛÌ Ø¿ ©ºäÐØ ©º ¿¿´©º¢ jÐÐØÐ ©º 8j´jçЩj
'SPN MFGU ,+54 (SPVQ FYFDVUJWF EJSFDUPS 4IFMEPO 8FF JOEFQFOEFOU OPO FYFDVUJWF EJSFDUPS &MBJOF -BX 4PI :JOH "[VSB 4UPOFQFBL JOWFTUNFOU UFBN NBOBHJOH EJSFDUPS ;BDI &OOJT ,+54 (SPVQ JOEFQFOEFOU OPO FYFDVUJWF EJSFDUPS /H ,PL ,FO BOE HSPVQ NBOBHJOH EJSFDUPS -FF ,PL $IPPO BU UIF TJHOJOH FWFOU
DPNQMJBODF XJUI JOUFSOBUJPOBM SFHVMBUPSZ TUBOEBSET ,+54 4# XJMM BMTP EFQMPZ BEWBODFE SFBM UJNF TZTUFN NPOJUPSJOH QSFEJDUJWF NBJOUFOBODF BOE EBUB ESJWFO PQUJNJTBUJPO UFDIOJRVFT UP FOIBODF UIF PQFSBUJPOBM FGGJDJFODZ PG DPPMJOH BTTFUT i0VS QBSUOFSTIJQ XJUI 4UPOFQFBL JT BO JNQPSUBOU TUFQ JO FYQBOEJOH PVS DPPMJOH JOGSBTUSVDUVSF GPPUQSJOU "T EFNBOE GPS TVTUBJOBCMF DPPMJOH HSPXT UIJT KPJOU WFOUVSF TUSFOHUIFOT PVS BCJMJUZ UP EFMJWFS FGGJDJFOU TDBMBCMF TPMVUJPOT UIBU TVQQPSU .BMBZTJB T FOFSHZ USBOTJUJPO BOE FDPOPNJD HSPXUI w TBJE JOEFQFOEFOU OPO FYFDVUJWF DIBJSNBO "[VSB "[NBO 8JUI BO JOWFTUNFOU UBSHFU PG VQ UP 3. CJMMJPO UIJT JOJUJBUJWF VOEFSTDPSFT UIF MPOH UFSN QPUFOUJBM PG .BMBZTJB T DPPMJOH TFDUPS #Z NPEFSOJTJOH JOGSBTUSVDUVSF BOE TDBMJOH VQ IJHI FGGJDJFODZ DPPMJOH BTTFUT UIF +7 DPNQBOZ BJNT UP TFU B OFX TUBOEBSE GPS FOFSHZ FGGJDJFOU DPPMJOH TPMVUJPOT JO UIF SFHJPO
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
Made with FlippingBook - professional solution for displaying marketing and sales documents online