30/04/2025
BIZ & FINANCE ˻ ͔͑ ˜ ͓͓͖͑
K >WK ' K ħبÐÛº
Malaysian Paper
13 H OØjÉ´ $Ì¿ÛÉ æÉØÐ ¨©¢¨Ì ̺Øj´ ÌjØÐ ¿Ì ©ØÐ ¿©Ð
PS PG UIF JOTUJUVUJPOBM PGGFSJOH UIF GJSN TBJE $&0 BOE FYFDVUJWF EJSFDUPS +FTTJDB /H TBJE HMPCBM NBSLFU VODFSUBJOUJFT IBWF VOEPVCUFEMZ JNQBDUFE JOWFTUPS BOE DPOTVNFS TFOUJNFOU )PXFWFS &DP 4IPQ SFNBJOT PQUJNJTUJD UIBU JUT WBMVF QSPQPTJUJPO JT UJNFMZ BOE XFMM TVJUFE UP UIF DVSSFOU FOWJSPONFOU i.BSLFU GPSDFT BSF EFGJOJUFMZ POF PG UIF GBDUPST UIBU XF UBLF JOUP DPOTJEFSBUJPO GPS MJTUJOH i)PXFWFS JO UIJT UPVHI TJUVBUJPO XJUI NBSLFU VODFSUBJOUJFT B CVTJOFTT NPEFM MJLF PVST JT FWFO NPSF OFFEFE -PPLJOH BU UIF 64 UBSJGGT BOE UIF SJTJOH DPTU XF BSF WFSZ VMUSB BGGPSEBCMF w TIF UPME SFQPSUFST EVSJOH UIF QSFTT DPOGFSFODF ZFTUFSEBZ JO DPOKVODUJPO XJUI UIF MBVODI PG UIF *10 QSPTQFDUVT &DP 4IPQ T MJTUJOH PO UIF .BJO .BSLFU JT TFU GPS .BZ o #FSOBNB VOEFSTDPSFT PVS EFFQ UFDIOJDBM FYQFSUJTF BOE PVS QSPWFO USBDL SFDPSE BT UIJT JT 4+&& T UI EBUB DFOUSF QSPKFDU i8JUI UIJT DPOUSBDU 4+&& T PVUTUBOEJOH PSEFS CPPL TUBOET BU BSPVOE 3. NJMMJPO HJWJOH VT IFBMUIZ FBSOJOHT WJTJCJMJUZ JO UIF DPNJOH ZFBST w )F BEEFE UIBU UIFZ DPOUJOVF UP TFF BNQMF PQQPSUVOJUJFT GPS 4+&& JO UIF IJHI UFDI EBUB DFOUSF BOE IFBMUIDBSF BOE QIBSNBDFVUJDBM TFDUPST i)BWJOH DPNQMFUFE KPCT GPS UIFTF TFDUPST XF BSF MFWFSBHJOH PVS USBDL SFDPSE UP TFDVSF NPSF QSPKFDUT w "MM JO BMM UIF PVUMPPL PG UIF HSPVQ JT CSJHIU TVQQPSUFE CZ UIF IFBMUIZ PSEFS CPPL GPS CPUI JUT DPOTUSVDUJPO BOE . & EJWJTJPOT CBDLFE CZ B TUSPOH CBMBODF TIFFU TBJE (BO TBGFHVBSEJOH BOE TUSFOHUIFOJOH UIF BTTFUT XF BMSFBEZ IBWF u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
,6"-" -6.163 &DP 4IPQ .BS LFUJOH #IE XIJDI JT FO SPVUF UP B MJTUJOH PO UIF .BJO .BSLFU PG #VSTB .BMBZTJB 4FDVSJUJFT SFNBJOT DPOGJEFOU BCPVU JUT QSPTQFDUT VOEFSQJOOFE CZ TUSPOH GVOEBNFOUBMT EFTQJUF VODFS UBJOUJFT JO NBSLFU TFOUJNFOU BOE UIF FDPOPNZ &DP 4IPQ TBJE JUT JOJUJBM QVCMJD PGGFSJOH *10 JT TFU UP CF UIF MBSHFTU UP CF MBVODIFE JO UIF QBTU FJHIU NPOUIT XJUI BO FTUJNBUFE 3. NJMMJPO UP CF SBJTFE UISPVHI UIF QVCMJD JTTVBODF PG NJMMJPO OFX TIBSFT CBTFE PO UIF *10 SFUBJM QSJDF PG 3. QFS TIBSF 5IF DPNQBOZ XJMM BMTP PGGFS NJMMJPO TIBSFT UP JOTUJUVUJPOBM JOWFTUPST BU B QSJDF UP CF EFUFSNJOFE UISPVHI B CPPL CVJMEJOH QSPDFTT JU TBJE JO B TUBUFNFOU 5IF *10 IBT TFDVSFE DPSOFS TUPOF JOWFTUPST XIP DPMMFDUJWFMZ TVCTDSJCFE GPS NJMMJPO TIBSFT 1&5"-*/( +":" $POTUSVDUJPO NBOBHFNFOU TQFDJBMJTU GPS IJHI SJTF SFTJEFOUJBM CVJMEJOHT BOE DJWJM JOGSBTUSVDUVSF 4PVUIFSO 4DPSF #VJMEFST #IE PXOFE TVCTJEJBSZ 4+&& &OHJOFFSJOH 4EO #IE IBT TFDVSFE B 3. NJMMJPO DPOUSBDU GSPN (BNVEB &OHJOFFSJOH 4EO #IE B XIPMMZ PXOFE TVCTJEJBSZ PG (BNVEB #IE UP VOEFSUBLF B TVC DPOUSBDU QSPKFDU JO &MNJOB #VTJOFTT 1BSL 4FMBOHPS 5IF DPOUSBDU IBT B EVSBUJPO PG NPOUIT BOE XJMM DPNNFODF JO +VMZ XJUI FYQFDUFE DPNQMFUJPO TMBUFE GPS "VHVTU 44## FYFDVUJWF EJSFDUPS BOE $&0 (BO :FF )JO TBJE i5IJT DPOUSBDU NBSLT PVS NFDIBOJDBM BOE FMFDUSJDBM . & EJWJTJPO 4+&& T GJSTU XJO TJODF UIF HSPVQ DPNQMFUFE UIF BDRVJTJUJPO JO +BOVBSZ 5IJT BXBSE OFU MFBTF TUSVDUVSFT BOE MPOH UFSN MFBTFT 4PNF PG UIPTF VQHSBEJOH DPTUT XJMM CF CPSOF CZ UIF UFOBOUT u "QBSU GSPN UIBU .PIE 4BMFN TBJE SFUBJM BTTFU VQHSBEFT BSF POHPJOH XJUI FTDBMBUPS SFQMBDF NFOUT DPNQMFUFE BOE UPJMFU SFGVS CJTINFOUT VOEFS XBZ $IBJSNBO %BUVL "OOJFT .E "SJGG TBJE UIF HSPVQ DPOUJOVFT UP NBJO UBJO UIF TUSPOH RVBMJUZ PG JUT BTTFUT XJUI JUT PGGJDF TFHNFOU PQFSBUJOH BU PDDVQBODZ i8F IBWF TUSPOH RVBMJUZ BTTFUT 8F OFFE UP EP TPNFUIJOH UP BMXBZT NBJOUBJO JUT TUSPOH RVBMJUZ u "T GPS SFUBJM IF TBJE UIF PDDVQBODZ SBUF JT XIJMF ESJWJOH IJHIFS DVTUPNFS FOHBHFNFOU BOE GPPUGBMM PG PWFS NJMMJPO WJTJUPST i"MM JO BMM XF BSF QPTJUJWF BCPVU PVS PVUMPPL NPWJOH GPSXBSE "U UIF TBNF UJNF XF SFNBJO GPDVTFE PO
Ù×ÚËØã ËÌÖÏ ÞÙ ÍÙ××ËØÎ ÒÓÑÒÏÜ àËÖßÏ ÞÒËÞ ÍÙÜÜÏÝÚÙØÎÝ ÞÙ ÞÒÏ ÜÏÔßàÏØËÞÓÙØ ËØÎ ÜÏÐßÜÌÓÝÒÓØÑ ÙÐ ÓÞÝ ËÝÝÏÞÝ
Ű TVOCJ[!UIFTVOEBJMZ DPN
WFOBUJPO BOE SFGVSCJTINFOU UIBU BSF QBSU PG JUT OPSNBM CVEHFU DZDMF SBUIFS UIBO OFX DBQJUBM FYQFOEJUVSFT i5IJT JT XIFSF XF XJMM DPOUJOVF UP GPDVT 8IBU ZPV TFF JT B EFGFOTJWF TUPDL TUBCMF BOE EFMJWFSJOH IJHI ZJFMEJOH EJWJEFOET 5IF FTTFODF PG UIF DPNQBOZ XJMM CF QSFTFSWFE (JWFO UIF USVTU QMBDFE JO VT * CFMJFWF XF BSF PO UIF SJHIU QBUI BOE XF XJMM DPOUJOVF EPJOH UIJOHT UIF XBZ UIFZ BSF u )F BEEFE UIBU TIBSFIPMEFST PCTFSWFE UIF HSPVQ IBT HPPE UFOBOUT BOE TUBCMF DPNQBOJFT i5IF UFOBODZ BSSBOHFNFOUT GPS UIF PGGJDF TFHNFOU BSF MBSHFMZ CBTFE PO USJQMF
BOE CSPBEFS HMPCBM FDPOPNJD VODFS UBJOUJFT i)PX XF CVJME PVS WBMVF QSPQPTJUJPO JT CZ SFKVWFOBUJOH BOE SFGVSCJTIJOH PVS BTTFUT UP CF NPSF NPEFSO BOE NBSLFU SFBEZ 8F BSF QPTJUJPOJOH PVS QSPQFSUJFT PO B IJHIFS QFEFTUBM DPNQBSFE UP UIF NBSLFU BOE UIFSFGPSF XF BSF BCMF UP DPNNBOE IJHIFS SFOUT DPSSFT QPOEJOH UP UIF JNQSPWFNFOUT XF IBWF NBEF u IF TBJE JO B QSFTT DPOGFSFODF BGUFS UIF HSPVQ T BOOVBM HFOFSBM NFFUJOH "(. ZFTUFSEBZ .PIE 4BMFN TBJE UIF HSPVQ T DBQJUBM EFQMPZNFOU UIJT ZFBS XJMM GPDVT QSJNBSJMZ PO BTTFU SFKV
,6"-" -6.163 ,-$$1 4UBQMFE (SPVQ m BO JOUFHSBUFE TUSVDUVSF DPNQSJTJOH ,-$$ 1SPQFSUZ )PMEJOHT #IE QSPQFSUZ EFWFMPQNFOU BOE NBOBHFNFOU BOE ,-$$ 3FBM &TUBUF *OWFTUNFOU 5SVTU SFOUBM JODPNF HFOFSBUJPO m FYQFDUT SFOUBM SBUFT GPS JUT PGGJDF TFHNFOU UP SJTF UIJT ZFBS TVQQPSUFE CZ POHPJOH BTTFU SFKVWFOBUJPO BOE NPEFSOJTBUJPO FGGPSUT $&0 %BUVL .PIE 4BMFN ,BJMBOZ TBJE JUT SFOUBM SFWFSTJPO DPOUJOVFT UP USFOE VQXBSET EFTQJUF SJTJOH DPTUT
aT $Ì¿ÛÉ ¿Ì¢Ð ÐØÌjØ¢© Ø©īÛÉ å©Ø¨ ¨©ºj بº©j´ ¿j¹ ÐÉ©j´©ÐØ
¿īO¨¿É ¿º© ºØ j¿ÛØ ÉÌ¿ÐÉØÐ j¨j ¿ (H> ©º 8jç
O¿Ûب̺ O¿Ì Û©´ ÌÐ Ûº©Ø ´©º¨Ð K8ŚŖěř¹ ¿ºØÌjØ Ì¿¹ $j¹Û j
85&$ (SPVQ TBZT UIF DPMMBCPSBUJPO XJMM TUSFOHUIFO JUT QSFTFODF JO UIF BVUPNPUJWF BOE FMFDUSJDBM BOE FMFDUSPOJDT TFDUPST
1&5"-*/( +":" 'PBN BOE OPO GPBN QSPEVDUT NBOVGBDUVSFS 85&$ (SPVQ #IE ZFTUFSEBZ FOUFSFE JOUP B OFNPSBOEVN PG VOEFSTUBOEJOH .P6 XJUI +JBOHTV $IFOH'FOH /FX .BUFSJBMT $P -UE 8JOGVO 'PBN B $IJOB CBTFE TQFDJBMJTU JO NBOVGBDUVSJOH BOE EF WFMPQJOH BEWBODFE QPMZVSFUIBOF CBTFE QSPEVDUT 8JOGVO 'PBN NBOVGBDUVSFT BOE EFWFMPQT BEWBODFE QPMZVSFUIBOF CBTFE QSPEVDUT UIBU BSF XJEFMZ VTFE BDSPTT JOEVTUSJFT TVDI BT BVUPNPUJWF BFSPTQBDF SBJM USBOTQPSU NFEJDBM FMFDUSPOJDT XBUFS USFBUNFOU BOE BJS GJMUSBUJPO 6OEFS UIF .P6 85&$ (SPVQ BOE 8JOGVO 'PBN XJMM KPJOUMZ EFWFMPQ BOE DVTUPNJTF QPMZVSFUIBOF GPBN QSP EVDUT TVQQMZ BOE EJTUSJCVUF TQFDJBMUZ QPMZVSFUIBOF GPBN NBUFSJBMT VOEFS UBLF NBSLFU EFWFMPQNFOU JOJUJBUJWFT XJUIJO "TFBO NFNCFS DPVOUSJFT BOE
(SPVQ T FYJTUJOH QSPEVDU SBOHF FOBCMJOH UIF DPNQBOZ UP NPWF GVSUIFS JOUP TQFDJBMJTFE BOE IJHIFS WBMVF NBSLFU TFHNFOUT XIFSF JU BMSFBEZ IPMET B TUSPOH QPTJUJPO QBSUJDVMBSMZ JO UIF BVUPNPUJWF BOE & & JOEVTUSJFT 8JOGVO 'PBN DIBJSNBO 3VBO (VP $JBP TBJE i5IJT QBSUOFSTIJQ PGGFST BO FYDJUJOH PQQPSUVOJUZ UP DPNCJOF SFTPVSDFT BOE FYQFSUJTF FOBCMJOH CPUI DPNQBOJFT UP BDDFMFSBUF JOOPWBUJPO BOE EFMJWFS IJHI RVBMJUZ QPMZVSFUIBOF TPMVUJPOT UP UIF EZOBNJD "TFBO NBSLFU 8F MPPL GPSXBSE UP XPSLJOH DMPTFMZ XJUI 85&$ (SPVQ UP CVJME B TUSPOH TVTUBJOBCMF QSFTFODF BDSPTT UIF SFHJPO w 5IF TJHOJOH PG UIF .P6 DPJODJEFE XJUI 85&$ (SPVQ T MJTUJOH PO UIF "$& .BSLFU PG #VSTB .BMBZTJB 4FDVSJUJFT ZFTUFSEBZ *UT TIBSFT PQFOFE BU TFO UIF TBNF BT JUT JOJUJBM QVCMJD PGGFSJOH QSJDF
QSPWJEF UFDIOJDBM TVQQPSU 5IF DPMMBCPSBUJPO MFWFSBHFT CPUI QBSUJFT UFDIOJDBM FYQFSUJTF NBOV GBDUVSJOH DBQBCJMJUJFT BOE SFHJPOBM NBSLFU OFUXPSLT 85&$ (SPVQ NBOBHJOH EJSFDUPS 5BO ,PL ,IFOH TBJE i8F BSF EFMJHIUFE UP FNCBSL PO UIJT TUSBUFHJD QBSUOFSTIJQ XJUI 8JOGVO 'PBN B SFDPHOJTFE MFBEFS JO BEWBODFE QPMZVSFUIBOF NBUFSJBMT 5IJT DPMMB CPSBUJPO DPNCJOFT UIF UFDIOJDBM TUSFOHUIT BOE NBOVGBDUVSJOH FYDFM MFODF PG CPUI DPNQBOJFT FOIBODJOH PVS BCJMJUZ UP PGGFS IJHI QFSGPSNBODF TPMVUJPOT *U XJMM TUSFOHUIFO PVS QSFTFODF JO UIF BVUPNPUJWF BOE FMFDUSJDBM BOE FMFDUSPOJDT & & TFDUPST BOE FOBCMF VT UP CFUUFS NFFU UIF FWPMWJOH OFFET PG DVTUPNFST BDSPTT "TFBO w )F BEEFE UIBU UIF UFDIOJDBM GPBN NBUFSJBMT XJMM DPNQMFNFOU 85&$
Made with FlippingBook. PDF to flipbook with ease