Latest news with #PublicBankBhd
The Star
3 days ago
- Business
- The Star
Bank ordered to pay RM90mil to NFCorp for breach of confidentiality
PUTRAJAYA: The Federal Court has ordered Public Bank Bhd to pay RM90mil in damages to National Feedlot Corporation (NFCorp), its chairman Datuk Mohamad Salleh Ismail, and three subsidiary companies for breaching confidentiality by leaking bank account information. A three-judge panel, chaired by Chief Judge of Malaya Justice Hasnah Mohammed, made the decision on the quantum of damages here on Wednesday (June 18). On May 26, the same panel dismissed an appeal by Public Bank in its final appeal in a RM560mil lawsuit brought by NFCorp over the confidentiality breach. More to come
New Straits Times
3 days ago
- Business
- New Straits Times
Federal Court orders Public Bank to pay RM90mil to NFCorp
PUTRAJAYA: Public Bank Bhd has been ordered to pay RM90 million in damages to National Feedlot Corporation (NFCorp) over an alleged breach of contract involving the protection of confidential bank account information. A three-member bench of the Federal Court, led by Chief Judge of Malaya Datuk Seri Hasnah Mohammed Hashim, set the award following its previous decision to dismiss the bank's appeal and allow NFCorp's cross-appeal for exemplary and aggravated damages. The other members of the bench were Chief Judge of Sabah and Sarawak Tan Sri Abdul Rahman Sebli and Federal Court judge Datuk Abu Bakar Jais. On May 22, 2012, NFCorp, its chairman Datuk Mohamad Salleh Ismail, and the three subsidiary companies filed the RM560 million suit against Public Bank over breach of contract to protect their bank account confidentiality. NFCorp claimed that the leaked bank account information was used by the then PKR vice-president, Rafizi Ramli, to bolster allegations that the plaintiffs leveraged a government loan to purchase eight KL Eco City properties.
Malaysian Reserve
09-06-2025
- Business
- Malaysian Reserve
Public Bank, Gamuda top foreign investor net outflow list
FOREIGN investors continued their streak of net outflows on Bursa Malaysia, extending it to a three-week selling trend, with Public Bank Bhd, Gamuda Bhd and KPJ Healthcare Bhd topping the list. The foreign investors recorded a net outflow of RM387.4 million, smaller than the previous week's outflow of RM1.02 billion, according to a report released by MIDF Research today. On the flip side, the counters that were net bought by foreign investors for the week ended June 6 were Sunway Construction Group Bhd, CIMB Group Holdings Bhd and My EG Services Bhd. –TMR
The Star
30-05-2025
- Business
- The Star
Public Mutual declares over RM20mil in distributions for three funds
KUALA LUMPUR: Public Bank Bhd 's wholly-owned subsidiary, Public Mutual Bhd, has declared distributions totalling over RM20mil for three funds. In a statement, the unit trust company announced a gross distribution of 3.75 sen per unit for the Public Select Bond Fund, 0.20 sen per unit for the Public Dividend Select Fund, and 0.10 sen per unit for the PB ASEAN Dividend Fund. Public Mutual is Malaysia's largest private unit trust company, with more than 180 funds under its management. It is also an approved private retirement scheme (PRS) provider, managing nine PRS funds.
The Star
27-05-2025
- Business
- The Star
Trading ideas: Public Bank, U Mobile, Kerjaya, Samaiden, Titijaya, PeterLabs, Shin Yang, NexG, Globaltec, Maybank, AMMB, PetGas, Hume Cement
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Public Bank Bhd has failed in its appeal to set aside a RM560mn lawsuit filed by the National Feedlot Corporation and four others, including its chairman Datuk Seri Mohamad Salleh Ismail, after the country's apex court unanimously dismissed the bank's appeal. U Mobile Sdn Bhd has signed a RM2.4bn, 10-year deal with Telekom Malaysia Bhd to speed up its nationwide 5G rollout. Kerjaya Prospek Group Bhd , via wholly-owned subsidiary, Kerjaya Prospek Ventures Sdn Bhd, is acquiring 4.4mn shares and 935,900 new redeemable preference shares in Aspen Vision Land Sdn Bhd for RM98mn. Samaiden Group Bhd has bagged a RM100.8mn contract to undertake the engineering, procurement, construction and commissioning works for a large-scale solar photovoltaic power plant in Pasir Mas, Kelantan. Titijaya Land Bhd is proposing to acquire two property assets in Kota Kinabalu, Sabah, for RM105mn. Peterlabs Holdings Bhd has extended the suspension of its director Datuk Loh Saw Foong from his executive duties, pending the outcome of both its internal investigation and an ongoing probe by the Malaysian Anti-Corruption Commission. Shin Yang Group Bhd 's wholly-owned subsidiary Shin Yang Shipyard Sdn Bhd had signed a letter of intent with the Home Affairs Ministry for the proposed construction of the two offshore patrol vessels for Malaysian Maritime Enforcement Agency. NexG Bhd, formerly known as Datasonic Group Bhd , is developing a RM250mn secure identification document production facility as part of its global expansion strategy. Globaltec Formation Bhd's Australian-listed subsidiary, NuEnergy Gas Ltd, has commenced drilling the first of four wells under its Early Gas Sales Initiative in South Sumatra, Indonesia. Malayan Bank Bhd net profit edged up 4% YoY to RM2.6bn in 1QFY25, as income from interests and insurance offset a decline in non-interest income. AMMB Holdings Bhd closed FY25 with a 7.1% net profit growth YoY to RM2bn on the back of a higher net income of RM4.9bn from RM4.7bn in FY24. Petronas Gas Bhd 's net profit for 1QFY25 rose to RM468.8mn from RM456.7mn a year earlier although revenue declined to RM1.59bn from RM1.62bn previously. Hume Cement Industries Bhd posted a net profit of RM40.6mn for 3QFY25, down 33.4% from RM61.1mn a year ago, mainly due to lower cement sales volume.
