
Jitters over Jakarta's land seizure
Industry insiders and analysts say Malaysian plantation companies face the risk of losing some of their estate land as Jakarta's forestry task force has set a target of confiscating three million hectares by August.
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The Star
35 minutes ago
- The Star
Nine Malaysian firms make the cut in Forbes Asia's Best Under A Billion 2025
KUALA LUMPUR: Nine Malaysian companies have been included in Forbes Asia's Best Under a Billion 2025 list, which puts the spotlight on 200 Asia-Pacific companies with annual sales above USUS$10mil and below US$1bil. The nine Malaysian companies in this year's list are Able Global Bhd , Crescendo Corp Bhd , Frontken Corp Bhd , Hibiscus Petroleum Bhd , Hup Seng Industries Bhd , ITMax System Bhd , Kerjaya Prospek Group Bhd , Pekat Group Bhd and Scientex Bhd . There are fewer Malaysian companies on the list in 2025 as compared to the 11 that made it in 2024. Able Global was the only Malaysian company that appeared in both years. Malaysia's nine inclusions gives it the third-most representation on the list among countries in Southeast Asia, with only Thailand (17) and Indonesia (10) featuring more companies. "With trade tensions looming over the Asia-Pacific region, growth is predicted to continue to slow, according to the International Monetary Fund. "Despite these challenges, the annual Best Under A Billion list showcases businesses that remained resilient over the past year and, in many cases, thrived," said Forbes Asia in a statement. Forbes Asia added that the financial service sector saw 18 companies in the list, which was more than double the eight that appeared in the previous year. The beauty industry saw 13 companies - mostly from South Korea - included in the list. "Other companies in the region have benefited from the gathering momentum in the segments in which they operate, such as renewable energy, electric vehicles and data centres," it added. In total, 69 companies returned to the 2025 list from the previous year The companies on this unranked list were selected based on a composite score using measures such as debt, sales and earnings-per-share growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity. Aside from quantitative criteria, qualitative screens were applied, such as excluding companies with serious governance issues, questionable accounting practices, environmental concerns, management problems or legal troubles in recent years. The list uses annual results based on the latest publicly available figures as of July 7, 2025.


The Star
35 minutes ago
- The Star
Nacsa investigates alleged data breach of 11 government portals
PETALING JAYA: The National Cyber Security Agency (Nacsa) is investigating a post made by a threat actor on a hacker forum that is allegedly offering live access to Malaysian government gateways and data for sale. A Nacsa spokesperson told LifestyleTech that the agency is aware of the situation and is currently looking into the matter. 'We are still investigating. We can't verify it yet. All claims by the actor have been escalated to relevant agencies to verify the authenticity. Some claims show inaccurate information. 'Some threat actors have a history of publishing recycled data and have claimed they are new ones. So their credibility is in question,' the spokesperson said. The post on the data leak first appeared on Saturday (Aug 2). The hacker claimed to have breached at least 11 government portals, including those belonging to the Defence Ministry, Health Ministry, Higher Education Ministry, and the National Registration Department (JPN), among others. Based on the sample data and screenshots shared in the post, the alleged leak includes 'display names', user IDs, passwords and IP addresses, along with screenshots that appear to show backend management dashboards. The post also lists live access and data for sale at US$19,999 (RM84,645) in cryptocurrency.


The Star
35 minutes ago
- The Star
Indonesia police detain former eFishery CEO who faked data
The company claimed revenues of US$752 million in the first nine months of 2024, while the true number was just US$157 million. - Bloomberg JAKARTA: Indonesian police have detained the co-founder and former chief executive officer of eFishery, who has previously admitted faking financial information at the once high-flying aquaculture startup. Gibran Huzaifah was detained along with two other former executives, Angga Hadrian Raditya and Andri Yadi, according to a text message from the director of special economic crimes at the National Police's Criminal Investigation Agency, Helfi Assegaf. DealStreetAsia earlier reported the detentions.