29/04/2025

˻ ͓͚ ˜ ͓͓͖͑

K >WK ' K ħب‰ÐÛº

BIZ & FINANCE

Malaysian Paper

¨©ºj ¨¿´ Ð ¿’’ ¿º º‰å ÐØ©¹Û´ÛÐĘ Ð¨¿åÐ €¿¹É¿ÐÛ̉

%FTQJUF 5SVNQ TBZJOH UIBU UIFSF BSF NBOZ EFBMT PO UIF UBCMF EFUBJMT IBWF CFFO TDBOU BOE XIFO QSFTTFE GPS DMBSJGJDBUJPO #FTTFOU EPEHFE POMZ TBZJOH TPNF OFHPUJBUJPOT XFSF iNPWJOH BMPOH WFSZ XFMM FTQFDJBMMZ XJUI UIF "TJBO DPVOUSJFTw 'PS OPX 8BTIJOHUPO IBT QSJPSJUJTFE EJTDVTTJPOT XJUI LFZ BMMJFT MJLF +BQBO 4PVUI ,PSFB BOE 4XJU[FSMBOE 5SVNQ TBJE JO BO JOUFSWJFX XJUI 5JNF NBHB[JOF UIBU $IJOB 1SFTJEFOU 9J +JOQJOH IBE DBMMFE IJN UP EJTDVTT USBEF CFUXFFO UIF XPSME T UPQ UXP FDPOPNJFT UIPVHI #FJKJOH BHBJO TBJE PO 4BUVSEBZ UIBU OP USBEF UBMLT IBE CFFO IFME #FTTFOU TVHHFTUFE $IJOB NJHIU EFOZ POHPJOH UBMLT CFDBVTF iUIFZ SF QMBZJOH UP B EJGGFSFOU BVEJFODF w 0O /#$ T .FFU UIF 1SFTT 4FDSFUBSZ PG 4UBUF .BSDP 3VCJP SFGVTFE UP CF ESBXO PO XIFUIFS 5SVNQ BOE 9J IBE TQPLFO FNQIBTJTJOH POMZ UIBU JU XBT PWFSBMM B iIJHI TUBLFT OFHPUJBUJPOw 5IF QSFTJEFOU TVHHFTUFE PO 4VOEBZ PO IJT 5SVUI 4PDJBM QMBUGPSN UIBU CFDBVTF PG IJT UBSJGGT QPMJDZ iNBTTJWF OVNCFST PG KPCT BSF BMSFBEZ CFJOH DSFBUFE XJUI OFX QMBOUT BOE GBDUPSJFT DVSSFOUMZ CFJOH CVJMU PS QMBOOFEw 5SVNQ UPME 5JNF UIBU IF XPVME BOOPVODF EFBMT XJUI 64 USBEJOH QBSUOFST JO UIF OFYU GFX XFFLT o "'1 ©ÌÛÐ ’©ºj´©Ð‰Ð ´¿º¢ījåj©Ø‰ OÉ©Ì©Ø ‰Ì¿ ‰j´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i&OUFSJOH JOUP UIJT BHSFFNFOU JT B TJHOJGJDBOU NJMFTUPOF BT XF XPSL UPXBSET UIF DMPTJOH PG UIF #PFJOH BDRVJTJUJPO UP UIF CFOFGJU PG 4QJSJU JUT TUPDLIPMEFST BOE PUIFS TUBLFIPMEFST w 4QJSJU $'0 *SFOF &TUFWFT TBJE -FUUFST TFOU UIJT NPOUI UP FNQMPZFFT GSPN #PFJOH $PNNFSDJBM "JSQMBOFT $&0 4UFQIBOJF 1PQF BOE 4QJSJU $&0 1BU 4IBOBIBO TVHHFTU UIBU TPNF XPSL JO #FMGBTU BOE B QMBOU JO 1SFTUXJDL 4DPUMBOE OPU BCTPSCFE CZ "JSCVT XPVME HP UP #PFJOH o 3FVUFST

BOE

TJHOBMJOH

PQFOOFTT

UP

SFBEJOH TJODF B QFBL PG CJMMJPO ZVBO JO +VMZ $IJOB T MBTU NBKPS TUPDL NBSLFU DSJTJT /PO CBOL MPBOT GFMM JO .BSDI CVU BOBMZTUT FYQFDU "QSJM UP CF TUSPOH 1PMJDZ BEWJTFST TBZ NPSF DBO CF EPOF JG OFFEFE i8F IBWF QPMJDZ SFTFSWFT JO QMBDF m WBSJPVT DPOUJOHFODZ QMBOT IBWF BMSFBEZ CFFO QSFQBSFE u TBJE B QPMJDZ BEWJTFS XIP TQPLF PO DPOEJUJPO PG BOPOZNJUZ EVF UP UIF UPQJD T TFOTJUJWJUZ i5IF UJNJOH PG OFX QPMJDJFT XJMM EFQFOE PO IPX CJH UIF UBSJGG JNQBDU UVSOT PVU UP CF u " TFDPOE BEWJTFS TBJE SPPN GPS QPMJDZ FBTJOH SFNBJOFE iBNQMFu CVU IF BEEFE UIBU OFX NFBTVSFT iDBOOPU CF SVTIFEu i8F DBOOPU BGGPSE UP MPTF UIBU GMFYJCJMJUZ 8F TUJMM OFFE UP BTTFTT IPX UIF TJUVBUJPO FWPMWFT CFGPSF EFDJEJOH IPX UP QSPDFFE u 5IF 1PMJUCVSP TUBUFNFOU BMTP GMBHHFE GVSUIFS JOUFSFTU SBUF DVUT BOE MJRVJEJUZ JOKFDUJPOT TVDI BT CZ SFEVDJOH UIF BNPVOU PG DBTI CBOLT BSF SFRVJSFE UP IPME BT SFTFSWFT CVU B TPVSDF DMPTF UP UIF 1#0$ TBJE UIF DFOUSBM CBOL XBT JO OP SVTI UP USJN BT UIF UBSJGGT VMUJNBUF JNQBDU XBT TUJMM VODMFBS i5IF FYUFSOBM FOWJSPONFOU IBT CFFO DIBOHJOH TP GBTU u UIF TPVSDF TBJE CVU BEEFE i*G UIF EBUB TUBSUT UP EFUFSJPSBUF JO DPNJOH NPOUIT UIF DFOUSBM CBOL XJMM DFSUBJOMZ SPMM PVU NPOFUBSZ TUJNVMVT u 5IF 5SVNQ BENJOJTUSBUJPO TUSVDL B NPSF DPODJMJBUPSZ UPOF MBTU XFFL TBZJOH UIF UBSJGGT XFSF VOTVTUBJOBCMF

ÏÓÔÓØÑ ÌÏÞÝ ÙØ ËÝÒÓØÑÞÙØ ÌÖÓØÕÓØÑ ÐÓÜÝÞ ÓØ ÚÜÙÞÜËÍÞÏÎ ÞÜËÎÏ áËÜ

8"4)*/(50/ 64 5SFBTVSZ 4FDSFUBSZ 4DPUU #FTTFOU PO 4VOEBZ EFGFOEFE 1SFTJEFOU %POBME 5SVNQ T UVNVMUVPVT UBSJGG QPMJDZ o XIJDI IBT QVU HMPCBM NBSLFUT PO B SPMMFS DPBTUFS o BT B XBZ PG DSFBUJOH iTUSBUFHJD VODFSUBJOUZw UIBU HJWFT 8BTIJOHUPO UIF VQQFS IBOE 4JODF SFUVSOJOH UP UIF QSFTJEFODZ JO +BOVBSZ 5SVNQ IBT TMBQQFE UBSJGGT PO NPTU 64 USBEJOH QBSUOFST BOE B TFQBSBUF MFWZ PO NBOZ QSPEVDUT GSPN $IJOB #FJKJOH IBT SFTQPOEFE XJUI UBSJGGT PG JUT PXO PO 64 HPPET %P[FOT PG DPVOUSJFT GBDF B EBZ EFBEMJOF FYQJSJOH JO +VMZ UP TUSJLF BO BHSFFNFOU XJUI 8BTIJOHUPO BOE BWPJE IJHIFS DPVOUSZ TQFDJGJD SBUFT i*O HBNF UIFPSZ JU T DBMMFE TUSBUFHJD VODFSUBJOUZ TP ZPV SF OPU HPJOH UP UFMM UIF QFSTPO PO UIF PUIFS TJEF PG UIF OFHPUJBUJPO XIFSF ZPV SF HPJOH UP FOE VQ w #FTTFOU UPME "#$ T 5IJT 8FFL OFXT QSPHSBNNF i/PCPEZ JT CFUUFS BU DSFBUJOH UIJT MFWFSBHF UIBO 1SFTJEFOU 5SVNQ i)F T TIPXO UIF IJHI UBSJGGT BOE IFSF T UIF TUJDL 5IJT JT XIFSF UIF UBSJGGT DBO HP "OE UIF DBSSPU JT DPNF UP VT 5BLF PGG ZPVS UBSJGGT 5BLF PGG ZPVS OPO UBSJGG USBEF CBSSJFST 4UPQ NBOJQVMBUJOH ZPVS DVSSFODZ 4UPQ TVCTJEJTJOH MBCPVS BOE DBQJUBM BOE UIFO XF DBO UBML w EF FTDBMBUJOH UIF USBEF XBS #VU #FJKJOH BQQFBST UP CF IVOLFSJOH EPXO EFOZJOH 5SVNQ TUBUFNFOUT UIBU OFHPUJBUJPOT BSF UBLJOH QMBDF BOE DBMMJOH PO 8BTIJOHUPO UP SFNPWF UIF UBSJGGT &VSBTJB (SPVQ T $IJOB EJSFDUPS %BO 8BOH TBJE UIBU OPU HJWJOH HSPVOE UP 5SVNQ DPVME BQQFBTF UIF EPNFTUJD BVEJFODF CVU JOUFSOBMMZ $IJOFTF PGGJDJBMT BSF iGVMMZ BXBSF PG UIF SJTLTu UP HSPXUI 4IF FTUJNBUFT $IJOB OFFET UXP USJMMJPO ZVBO JO OFX TUJNVMVT UP LFFQ UIJT ZFBS T FDPOPNJD HSPXUI GSPN GBMMJOH CFMPX .PSHBO 4UBOMFZ BOBMZTUT BMTP FYQFDU POF USJMMJPO ZVBO UP USJMMJPO ZVBO JO OFX NFBTVSFT JO UIF TFDPOE IBMG PG UIF ZFBS iXIJDI XPVME OPU GVMMZ PGGTFU UIF UBSJGG TIPDLTu 5JOH -V DIJFG $IJOB FDPOPNJTU BU /PNVSB TBZT BOOPVODJOH B OFX SBGU PG TUJNVMVT OPX XPVME CF BLJO UP #FJKJOH iCMJOLJOH GJSTU JO UIF HBNF PG DIJDLFO CZ TIPXJOH OFSWPVTOFTT BOE DIBPT u *OTUFBE IF TBJE $IJOB XBOUT UP iQSFTFOU BO JNBHF UIBU JU JT DBMN BOE XFMM QSFQBSFEu GPS UIF USBEF XBS #VU UIF SJTL JT UIBU PG B CJHHFS UIBO FYQFDUFE TIPDL UP UIF FDPOPNZ JO UIF OFBS UFSN XIJDI XPVME UBLF MPOHFS m BOE NJHIU SFRVJSF HSFBUFS QPMJDZ FGGPSUT EPXO UIF MJOF m UP SFDPWFS GSPN i5IFJS BQQSPBDI JT UP XBUDI BOE XBJU GPS UIF 64 UP DPMMBQTF TMPXMZ u TBJE "MJDJB (BSDJB )FSSFSP DIJFG FDPOPNJTU GPS "TJB 1BDJGJD BU /BUJYJT CVU BEEJOH iUIJT BQQSPBDI JT WFSZ DPTUMZu m 3FVUFST

-0/%0/ #SJUJTI NFBM EFMJWFSZ DPNQBOZ %FMJWFSPP TVTQFOEFE JUT b NJMMJPO 3. NJMMJPO TIBSF CVZCBDL QSPHSBNNF ZFTUFSEBZ EBZT BGUFS JU TBJE JU IBE SFDFJWFE B 64 CJMMJPO 3. CJMMJPO CVZPVU QSPQPTBM GSPN 64 QFFS %PPS%BTI 0O 'SJEBZ %FMJWFSPP TBJE JU IBE SFDFJWFE B UBLFPWFS QSPQPTBM GSPN %PPS%BTI PO "QSJM BOE XPVME MJLFMZ SFDPNNFOE UIF QFODF QFS TIBSF PGGFS UP TIBSFIPMEFST TVCKFDU UP BHSFFNFOU PO PUIFS UFSNT &BSMZ ZFTUFSEBZ %FMJWFSPP TIBSFT TIPU VQ NPSF UIBO UP QFODF 5IF QFS TIBSF PGGFS QSJDF JT BU B QSFNJVN UP %FMJWFSPP T 'SJEBZ DMPTF PG QFODF %FMJWFSPP T TIBSFT IBWF XFBLFOFE OFBSMZ TJODF UIFJS EFCVU BT EFNBOE GPS POMJOF GPPE EFMJWFSZ TUBHOBUFE BGUFS UIF QBOEFNJD BOE JOWFTUPST TIJGUFE UPXBSE NPSF QSPGJUBCMF DPNQBOJFT 5IF EFBM JT FYQFDUFE UP GBDF OP SFHVMBUPSZ IVSEMFT BT JU QSPWJEFT %PPS%BTI BDDFTT UP OFX NBSLFUT XIFSF JU DVSSFOUMZ IBT OP QSFTFODF DSFBUJOH B IJHIMZ DPNQMFNFOUBSZ GPPUQSJOU B TPVSDF UPME 3FVUFST PO 'SJEBZ -BTU ZFBS 3FVUFST SFQPSUFE %PPS%BTI IBE TIPXO JOUFSFTU JO B #&*+*/( $IJOB IBT BEWBODFE UIJT ZFBS T TUJNVMVT QMBOT CVU JT IPMEJOH PGG PO GSFTI NFBTVSFT BT JU USJFT UP NBJOUBJO DPNQPTVSF CFUUJOH PO 8BTIJOHUPO CMJOLJOH GJSTU JO B QSPUSBDUFE USBEF XBS 5IF $PNNVOJTU 1BSUZ T FMJUF EFDJTJPO NBLJOH CPEZ UIF 1PMJUCVSP QMFEHFE PO 'SJEBZ UP TVQQPSU GJSNT BOE XPSLFST NPTU BGGFDUFE CZ 64 UBSJGGT PO $IJOFTF HPPET CVU TUPQQFE TIPSU PG BOOPVODJOH BEEJUJPOBM EFGJDJU TQFOEJOH 5IF EFDJTJPO UP XJUIIPME BEEJUJPOBM TUJNVMVT EJTBQQPJOUFE JOWFTUPST MFBEJOH UP B TMVNQ JO $IJOFTF SFBM FTUBUF TUPDLT ZFTUFSEBZ EFTQJUF PGGJDJBM FGGPSUT UP BTTVBHF NBSLFU DPODFSOT PWFS B TIBSQ EPXOUVSO JO HSPXUI #FJKJOH JT BMSFBEZ JO B IJHIFS TUJNVMVT HFBS XIJDI JU DBO NBJOUBJO PWFS UIF DPNJOH NPOUIT UP NJUJHBUF UIF QBJO PG MPTJOH BU MFBTU UFNQPSBSJMZ JUT CJHHFTU DVTUPNFS BOBMZTUT BOE QPMJDZ BEWJTFST TBJE 5IF MBDL PG OFX TUJNVMVT EPFT OPU QPJOU UP B DBQJUVMBUJPO PO JUT IJHI HSPXUI BNCJUJPOT UIJT ZFBS m NBUDIJOH MBTU ZFBS T HSPXUI PG BSPVOE m CVU JT B TUSBUFHZ UP SFNBJO GMFYJCMF BNJE UIF UBSJGG XBS XJUI 1SFTJEFOU %POBME 5SVNQ T BENJOJTUSBUJPO i*U T TJNQMZ UPP FBSMZ GPS #FJKJOH UP HP BMM JO u TBJE -BSSZ )V DIJFG

$IJOB FDPOPNJTU BU .BDRVBSJF (SPVQ i*U T NVDI FBTJFS GPS 5SVNQ UP XBML CBDL IJT UBSJGG UISFBU UIBO JU JT GPS #FJKJOH UP XBML CBDL JUT TUJNVMVT BOOPVODFNFOU i.PSFPWFS QPMJDZNBLFST DPVME BOOPVODF OFX TUJNVMVT BU BOZ UJNF u $IJOB IBT BMSFBEZ CSPVHIU GPSXBSE UIF JNQMFNFOUBUJPO PG JUT TUJNVMVT QMBOT BOE UIBU XJMM DPOUJOVF )V TBJE *O +BOVBSZ .BSDI HPWFSONFOU TQFOEJOH SPTF GSPN B ZFBS FBSMJFS XIJMF SFWFOVF GFMM SFTVMUJOH JO B GJTDBM EFGJDJU PG USJMMJPO ZVBO 3. CJMMJPO UIF IJHIFTU GJSTU RVBSUFS SFBEJOH PO SFDPSE HPWFSONFOU EBUB TIPXFE 'VSUIFSNPSF MPDBM HPWFSONFOUT JTTVFE OFBSMZ POF USJMMJPO ZVBO JO OFX TQFDJBM CPOET PWFS UIBU QFSJPE VQ OFBSMZ GSPN B ZFBS FBSMJFS 5IF 1FPQMF T #BOL PG $IJOB IBT BMTP FTDBMBUFE MFOEJOH UP TUBUF CBDLFE JOWFTUPST UP TVQQPSU UIF TUPDL NBSLFU (SPXUI PG $IJOB T UPUBM TPDJBM GJOBODJOH B CSPBE NFBTVSF PG DSFEJU BOE MJRVJEJUZ IJU B NPOUI IJHI PG JO .BSDI DFOUSBM CBOL EBUB TIPXFE /FX MPBOT UP OPO CBOL JOTUJUVUJPOT IJU CJMMJPO ZVBO JO 'FCSVBSZ m UIF TFDPOE IJHIFTU

‰ÐЉºØ ‰’‰º Ð ĝÐØÌj؉¢©€ Ûº€‰ÌØj©ºØçĞ ¿’ TÌÛ¹É ØjÌ©’’Ð

W1ĞÐ ‰´©ä‰Ì¿¿ ÐÛÐɉº РШj̉ Ûçj€² j’Ø‰Ì ̉€‰©ä©º¢ WOŋŘěś ¿’’‰Ì ’Ì¿¹ WO ɉ‰Ì ¿¿Ì jШ

" %FMJWFSPP EFMJWFSZ CJDZDMF JT QBSLFE PVUTJEF B 4IBLF 4IBDL SFTUBVSBOU JO -POEPO o 3&65&341*$

UBLFPWFS PG %FMJWFSPP CVU B TPVSDF TBJE UBMLT FOEFE BGUFS EJTBHSFFNFOUT PO WBMVBUJPO %FMJWFSPP TBJE ZFTUFSEBZ JUT CVZCBDL XBT TVTQFOEFE XJUI

JNNFEJBUF BOZ SFDPNNFODFNFOU PG UIF QSPHSBNNF XJMM CF BOOPVODFE UP UIF NBSLFU BOE EJE OPU QSPWJEF BOZ PUIFS EFUBJM o 3FVUFST FGGFDU BOE