HEADLINES

Cahya Mata Sarawak

Cahya Mata secures overwhelming shareholder backing despite financial strain, family feud

Near-unanimous AGM vote comes as the Sarawak conglomerate faces weak earnings, legal disputes and mounting scrutiny on its phosphates venture

Taib Mahmud’s legacy under strain as profit slump, family feud loom over Cahya Mata Sarawak AGM

Boardroom battle between brothers Sulaiman and Mahmud Abu Bekir deepens as CMS’ earnings weaken, governance questions intensify ahead of decisive meeting

High Court sets May 20 to rule on Mahmud Abu Bekir’s director rights in Cahya Mata Sarawak dispute

Decision will determine if he can challenge the company’s injunction in bringing a derivative action

Vienna Advantage files RM61mil counterclaim against Cahya Mata Sarawak over ERP dispute

German software firm alleges internal incompetence and abuse of process in Malaysian group’s stalled digital transformation project

Cahya Mata Sarawak reports 46% gross profit surge in first quarter

Group reported RM277.37 million revenue for same period, marking a 1% increase

Popular

Short-lived La Niña expected in early 2026, but stable weather to follow

MetMalaysia forecasts cool conditions and brief shifts in rainfall patterns before returning to normal

Govt has settled RM42bil of 1MDB debt, total obligations exceed RM50bil: Anwar

Anwar reveals over RM9 billion in remaining debt, with government funds covering the shortfall

3 senior Telekom Malaysia officers charged in US over US$20m embezzlement scheme

US prosecutors expose a sophisticated, multi-year insider scam at TM’s US subsidiary involving data capacity manipulation, phantom employees, and the use of AI-assisted tools to siphon millions