12/06/2025

˻ ͓͒ ˜ ͓͓͖͑

ħب‰Ðۺ؉´‰¢Ìj¹ #>33>a >9 T 3 $K 8 ¹ K 8 ħ Malaysian Paper

BIZ & FINANCE

jº² ¿’ 0jÉjº ¿’’©€©j´Ð €j´´ ’¿Ì Éj繉ºØ ©ºº¿äjØ©¿º

`©‰Øºj¹ Øj´²Ð Ø¿ 3‰ä© OØÌjÛÐÐĘ $jÉ ©º © Ø¿ ¨‰j ¿’’ ØjÌ©’’Ð )"/0* 7JFUOBN IBT TPVHIU UP FOMJTU NBKPS "NFSJDBO HBSNFOU DPNQBOJFT JODMVEJOH (BQ BOE -FWJ 4USBVTT BT JU USJFT UP IFBE PGG 1SFTJEFOU %POBME 5SVNQ T UISFBUFOFE USBEF UBSJGG 5IF DPVOUSZ B NBKPS QSPEVDFS PG DMPUIJOH BOE GPPUXFBS GPS JOUFSOBUJPOBM CSBOET IBT UIF UIJSE CJHHFTU USBEF TVSQMVT XJUI UIF 64 BGUFS $IJOB BOE .FYJDP NBLJOH JU B UBSHFU GPS 5SVNQ T i-JCFSBUJPO %BZw UBSJGG CMJU[ JO "QSJM 0GGJDJBMT IBWF CFFO MPDLFE JO UBMLT XJUI UIFJS 64 DPVOUFSQBSUT UP BWPJE CFJOH IJU TFFLJOH TVQQPSU GSPN "NFSJDBO UFDI HJBOUT BOE TJHOJOH BHSJDVMUVSF EFBMT XJUI 8BTIJOHUPO UP FBTF UIF QSPCMFN 0O B WJTJU UP UIF 6OJUFE 4UBUFT 7JFUOBN T .JOJTUFS PG *OEVTUSZ BOE 5SBEF /HVZFO )POH %JFO PO .POEBZ NFU MFBEFST GSPN UIF "NFSJDBO "QQBSFM BOE 'PPUXFBS "TTPDJBUJPO ""'" BOE MFBEJOH CSBOET (BQ -FWJ 4USBVTT BOE 6OEFS "SNPVS 5IF 64 XBT 7JFUOBN T OVNCFS POF FYQPSU NBSLFU XJUI 64 CJMMJPO 3. CJMMJPO JO UIF GJSTU GJWF NPOUIT PG o VQ GSPN 64 CJMMJPO PWFS UIF TBNF QFSJPE B ZFBS BHP 5FYUJMFT BOE GPPUXFBS XFSF BNPOH UIF MFBEJOH QSPEVDUT TFOU UP 64 DMJFOUT " 5SBEF .JOJTUSZ TUBUFNFOU QPTUFE POMJOF PO 5VFTEBZ OJHIU TBJE /HVZFO XBOUFE UP DFNFOU 7JFUOBN T XJMMJOHOFTT iUP CF B SFMJBCMF QBSUOFS JO UIF HMPCBM TVQQMZ DIBJOw i$PPQFSBUJPO XJUI 7JFUOBN XJMM CSJOH MPOH UFSN TUSBUFHJD CFOFGJUT BOE DPOUSJCVUF UP JNQSPWJOH UIF USBEF CBMBODF JO B GBJS IBSNPOJPVT BOE TVTUBJOBCMF EJSFDUJPO CFUXFFO UIF UXP DPVOUSJFT w IF XBT RVPUFE BT TBZJOH %JFO BMTP NFU +FGGSFZ 1FSMNBO UIF IFBE PG 8BSCVSH 1JODVT *OWFTUNFOU 'VOE UIF TUBUFNFOU TBJE 8IFO BOOPVODJOH IJT SBGU PG MFWJFT JO "QSJM 5SVNQ DMBJNFE 7JFUOBN DIBSHFE UIF 6OJUFE 4UBUFT B UBSJGG XIJDI XBT CBTFE PO )BOPJ T USBEF TVSQMVT PG 64 CJMMJPO MBTU ZFBS )JT BENJOJTUSBUJPO BMTP BQQFBSFE QBSUJDVMBSMZ BOHSZ BCPVU XIBU JU TFFT BT UIF "TJBO OBUJPO T SPMF JO BUUFNQUT UP HFU BSPVOE UBSJGGT JNQPTFE PO $IJOB #VU HJWFO 7JFUOBN T WJUBM SPMF JO HMPCBM TVQQMZ DIBJOT NBOZ QBSUJFT o JODMVEJOH 64 DPNQBOJFT JO UIF DPVOUSZ o IBWF VSHFE UIF 8IJUF )PVTF UP XBML CBDL UIF UBSJGGT 7JFUOBNFTF BOE 64 USBEF OFHPUJBUPST IFME UIFJS MBUFTU SPVOE PG UBMLT JO 1BSJT MBTU XFFL BOE BSF TDIFEVMFE UP NFFU BHBJO JO UIF OFYU GFX EBZT )BOPJ MBTU XFFL TJHOFE TFWFSBM BHSFFNFOUT UP CVZ VQ UP 64 CJMMJPO XPSUI PG BHSJDVMUVSBM QSPEVDUT BOE PUIFS SBX NBUFSJBMT GSPN UIF 64 BT JU TPVHIU UP SFCBMBODF UIFJS USBEJOH QBSUOFSTIJQ o "'1

BGUFS 64 1SFTJEFOU %POBME 5SVNQ JTTVFE BO FYFDVUJWF PSEFS JO +BOVBSZ CBOOJOH UIF 'FEFSBM 3FTFSWF GSPN JTTVJOH B EJHJUBM EPMMBS TFFNJOHMZ BT QBSU PG B ESJWF UP QSPNPUF DSZQUPDVSSFODJFT BOE TUBCMFDPJOT JOTUFBE 5IF HSPXJOH QSFTFODF PG TUBCMFDPJOT PS DSZQUPDVSSFODJFT CBDLFE CZ B IBSE DVSSFODZ BOE UIF QPUFOUJBM SJTL PG BO FSPTJPO JO UIF 64 EPMMBS T EPNJOBODF IBWF BMTP QJMFE QSFTTVSF PO DFOUSBM CBOLT UP DPOTJEFS JTTVJOH UIFJS PXO EJHJUBM DVSSFODJFT 5IF &VSPQFBO $FOUSBM #BOL IBT DBMMFE GPS UIF OFFE UP JTTVF B EJHJUBM FVSP UP SFTQPOE UP 5SVNQ T QVTI UP QSPNPUF TUBCMFDPJOT BOE EFWFMPQ BO FMFDUSPOJD NFBOT PG QBZNFOU UIBU EPFT OPU SFMZ PO EPNJOBOU "NFSJDBO QBZNFOU QSPWJEFST TVDI BT 7JTB $IJOB JT SBDJOH BIFBE XJUI HMPCBM BNCJUJPOT UP JOUFSOBUJPOBMJTF UIF ZVBO XJUI USBOTBDUJPOT PG UIF EJHJUBM ZVBO NPSF UIBO USJQMJOH CFUXFFO +VOF BOE +VOF m 3FVUFST

6DIJEB TBJE B $#%$ NBZ CFDPNF iB DSJUJDBM QJFDF PG JOGSBTUSVDUVSFu TIBQJOH UIF GVUVSF PG +BQBO T QBZNFOU BOE TFUUMFNFOU TZTUFNT CVU TUSFTTFE UIBU IF EJE OPU FYQFDU EFNBOE GPS DBTI UP EJTBQQFBS JO +BQBO BOZ UJNF TPPO *O IJT TQFFDI PO 4BUVSEBZ 6DIJEB TQPLF BCPVU B IZQPUIFUJDBM XPSME JO XIJDI UIF ZFO JT PWFSUBLFO CZ BOPUIFS JOTUSVNFOU m TVDI BT DSZQUP BTTFUT m BT UIF NBJO GPSN PG QBZNFOU JO +BQBO 4VDI B XPSME XPVME OPU PDDVS BT MPOH BT UIF QVCMJD CFMJFWFT JO UIF #0+ T BCJMJUZ UP LFFQ UIF WBMVF PG UIF ZFO TUBCMF XIJDI DPVME DPNF JOUP RVFTUJPO JG UIF DFOUSBM CBOL GBJMT UP GVMGJM JUT NJTTJPO PG QSJDF TUBCJMJUZ 6DIJEB TBJE i-PPLJOH UP UIF GVUVSF JO B TPDJFUZ UIBU IBT NBEF TJHOJGJDBOU BEWBODFT JO EJHJUBMJTBUJPO UIFSF JT OP HVBSBOUFF UIBU DVSSFODZ JTTVFE CZ UIF DFOUSBM CBOL PG B TPWFSFJHO OBUJPO XJMM DPOUJOVF UP GVODUJPO BT B HFOFSBMMZ BDDFQUBCMF QBZNFOU JOTUSVNFOU u IF TBJE $#%$T BSF CBDL JO UIF TQPUMJHIU

ËÝÒÖÏÝÝ ×ÏÞÒÙÎÝ ×ËÕÏ ßÚ ͕͓ ˛͙ ϯ ÙÐ ͓͓͕͑ ÞÜËØÝËÍÞÓÙØÝ ÓØ ÍÙߨÞÜã ÞÒËÞ ßÝÏÎ ÞÙ ÐËàÙßÜ ÍËÝÒ

5IF MPX DPTU TVCTJEJBSZ XJMM DFBTF PQFSBUJPOT PO +VMZ BT QBSU PG B iTUSBUFHJD SFTUSVDUVSFw 2BOUBT HSPVQ DIJFG FYFDVUJWF 7BOFTTB )VETPO TBJE 2BOUBT JT iJODSFEJCMZ QSPVEw PG UIF +FUTUBS "TJB UFBN )VETPO TBJE JO B TUBUFNFOU i5IJT JT B WFSZ UPVHI EBZ GPS UIFN %FTQJUF UIFJS CFTU FGGPSUT XF IBWF TFFO TPNF PG +FUTUBS "TJB T TVQQMJFS DPTUT JODSFBTF CZ VQ UP XIJDI IBT NBUFSJBMMZ DIBOHFE JUT DPTU CBTF w 1BTTFOHFST XJUI DBODFMMFE GMJHIUT PO UIF 4JOHBQPSF CBTFE SFHJPOBM DBSSJFS o XIJDI GMJFT UP "TJBO EFTUJOBUJPOT o XJMM CF PGGFSFE SFGVOET 2BOUBT TBJE +FUTUBS "TJB XBT FYQFDUFE UP NBLF BO VOEFSMZJOH MPTT PG " NJMMJPO 3. NJMMJPO UIJT GJOBODJBM ZFBS QSJPS UP UIF DMPTVSF EFDJTJPO BDDPSEJOH UP 2BOUBT XIJDI PXOT PG UIF DBSSJFS 5IF "TJBO SFHJPOBM DBSSJFS T TUBGG XJMM CF MBJE PGG BOE SFDFJWF SFEVOEBODZ CFOFGJUT BT XFMM BT IFMQ GJOEJOH OFX KPCT UIF "VTUSBMJBO HSPVQ TBJE 50,:0 #BOL PG +BQBO #0+ PGGJDJBMT BSF SBNQJOH VQ DBMMT UP LFFQ QBDF XJUI SBQJE EFWFMPQNFOUT BSPVOE EJHJUBM DVSSFODJFT UIBU NBZ BDDFMFSBUF B TIJGU UP DBTIMFTT QBZNFOUT JO B DPVOUSZ CFUUFS LOPXO GPS JUT CFMJFG UIBU iDBTI JT LJOHu 0ODF TFFO BT B TPDJFUZ GBWPVSJOH QIZTJDBM DVSSFODZ +BQBO TBX UIF SBUJP PG DBTIMFTT QBZNFOUT SJTF UP JO VQ GSPN JO BOE IJUUJOH UIF HPWFSONFOU T HPBM B ZFBS FBSMJFS UIBO UBSHFUFE HPWFSONFOU EBUB TIPXFE 8IJMF +BQBO JT B HMPCBM MBHHBSE PO QBZNFOU UFDIOPMPHZ UIF JODSFBTF JO DBTIMFTT USBOTBDUJPOT JT GPSDJOH QPMJDZNBLFST UP FOTVSF UIFZ BSF SFBEZ UP BEBQU UP TIJGUJOH QVCMJD QSFGFSFODF PO QBZNFOU BOE TFUUMFNFOU NFBOT 5IJT JODMVEFT UIF PQUJPO PG B DFOUSBM CBOL EJHJUBM DVSSFODZ $#%$

8IJMF OP EFDJTJPO IBT CFFO NBEF PO XIFUIFS UP JTTVF B EJHJUBM ZFO UIF #0+ CFHBO B QJMPU QSPHSBNNF GPS EFWFMPQJOH B $#%$ JO BOE IBT CFFO DPOTVMUJOH XJUI QSJWBUF GJSNT BOE UIF HPWFSONFOU PO JUT GSBNFXPSL BOE EFTJHO i"MUIPVHI CBOLOPUF JTTVBODF SFNBJOT IJHI JO +BQBO VTBHF PG OPUFT DPVME GBMM TJHOJGJDBOUMZ JO UIF GVUVSF BNJE SBQJE EJHJUBMJTBUJPO u #0+ FYFDVUJWF EJSFDUPS ,B[VTIJHF ,BNJZBNB UPME B NFFUJOH MBTU XFFL XJUI QSJWBUF GJSNT PO UIF QJMPU QSPHSBNNF i"T TVDI +BQBO NVTU DPOTJEFS XIBU TUFQT JU DBO UBLF OPX UP FOTVSF JUT SFUBJM TFUUMFNFOU TZTUFN JT DPOWFOJFOU FGGJDJFOU BDDFTTJCMF VOJWFSTBMMZ XIJMF CFJOH TBGF BOE SFTJMJFOU u #0+ %FQVUZ (PWFSOPS 4IJOJDIJ

JjºØjÐ Ø¿ €´¿Ð‰ Щjº Û ¢‰Ø j©Ì´©º‰ ¿’’Ш¿¿Ø 4:%/&: "VTUSBMJBO BJSMJOF 2BOUBT TBJE ZFTUFSEBZ JU XJMM DMPTF JUT MPTT NBLJOH CVEHFU DBSSJFS +FUTUBS "TJB BYJOH 4JOHBQPSF CBTFE KPCT

" QBJS PG +FUTUBS "TJB "JSCVT " T BU $IBOHJ *OUFSOBUJPOBM "JSQPSU JO 4JOHBQPSF o "'11*$

+FUTUBS "TJB T " BJSDSBGU XJMM CF QSPHSFTTJWFMZ SFEFQMPZFE UP "VTUSBMJB BOE /FX ;FBMBOE 2BOUBT TBJE DSFBUJOH NPSF UIBO MPDBM KPCT

4IVUUJOH UIF DBSSJFS XPVME EFMJWFS VQ UP " NJMMJPO 3. CJMMJPO GPS 2BOUBT UP TVQQPSU UIF HSPVQ T GMFFU SFOFXBM QSPHSBNNF JU TBJE

2BOUBT TBJE UIF EFDJTJPO UP TIVUUFS +FUTUBS "TJB XBT UBLFO UPHFUIFS XJUI UIF PGGTIPPU T TIBSFIPMEFS 8FTUCSPPL *OWFTUNFOUT o "'1

O¿Ûب 1¿Ì‰j Ø¿ ̉äj¹É Øjæ Ѐ¨‰¹‰ Ø¿ ¿¿ÐØ ©ä© ‰º Ð 4&06- 4PVUI ,PSFBO 1SFTJEFOU -FF +BF NZVOH TBJE ZFTUFSEBZ UIF HPWFSONFOU XBT QSFQBSJOH UP SFWBNQ UIF DPVOUSZ T UBY TZTUFN UP CPPTU EJWJEFOE QBZPVUT BT QBSU PG B CSPBEFS QVTI UP NBLF UIF EPNFTUJD TUPDL NBSLFU NPSF BUUSBDUJWF i*G JU EPFT OPU HSFBUMZ IVSU QVCMJD GJOBODFT JU XJMM CF CFUUFS UP MPXFS UBYFT GPS NPSF EJWJEFOE JODPNFw -FF TBJE EVSJOH B WJTJU UP UIF ,PSFB &YDIBOHF -FF BMTP PSEFSFE SFHVMBUPSZ JNQSPWFNFOUT UP QSFWFOU VOGBJS USBEJOH QSBDUJDFT JO UIF NBSLFU BOE B iPOF TUSJLF PVUw TZTUFN UP QFOBMJTF JMMFHBM USBEFT IJT TQPLFTNBO TBJE 0OF PG -FF T NBKPS QMFEHFT EVSJOH IJT FMFDUJPO DBNQBJHO XBT UP JNQMFNFOU WBSJPVT DBQJUBM NBSLFU SFGPSNT BOE SFTPMWF UIF TP DBMMFE i,PSFB %JTDPVOUw B UFOEFODZ GPS 4PVUI ,PSFBO DPNQBOJFT UP USBEF BU B MPXFS WBMVBUJPO UIBO HMPCBM QFFST EVF UP MPX EJWJEFOE QBZPVUT BOE

TUPDL JOEFY IBT SBMMJFE TJODF -FF T FMFDUJPO WJDUPSZ MBTU XFFL PO PQUJNJTN BSPVOE IJT i,041* w JOJUJBUJWF BJNJOH GPS UIF JOEFY UP FWFOUVBMMZ SFBDI QPJOUT *U DMPTFE VQ BU ZFTUFSEBZ UIF IJHIFTU MFWFM TJODF +BO o 3FVUFST

PQBRVF DPSQPSBUF HPWFSOBODF 5IF EBZ BGUFS -FF UPPL PGGJDF PO +VOF IJT %FNPDSBUJD 1BSUZ SFJOUSPEVDFE MFHJTMBUJPO FYQBOEJOH UIF GJEVDJBSZ EVUZ PG CPBSE NFNCFST UP QSPUFDU TIBSFIPMEFS JOUFSFTUT BOE JU QMBOT UP IBWF UIF CJMM BQQSPWFE UIJT NPOUI 5IF DPVOUSZ T CFODINBSL ,041*

Made with FlippingBook Ebook Creator