Court of Appeal rejects MOF-controlled THHE’s bid to block creditors’ move for compulsory winding up; High Court hearing starts tomorrow

PUTRAJAYA (May 8): The Court of Appeal has rejected Ministry of Finance (MOF)-controlled TH Heavy Engineering Bhd’s (THHE) bid to stop creditors from turning its voluntary winding up into a compulsory one, clearing the way for High Court proceedings on Friday. The MOF owns 64.45% of THHE through Urusharta Jamaah Sdn Bhd (UJSB). The company was…

Court of Appeal rejects MOF-controlled THHE’s bid to block creditors’ move for compulsory winding up; High Court hearing starts tomorrow

PUTRAJAYA (May 8): The Court of Appeal has rejected Ministry of Finance (MOF)-controlled TH Heavy Engineering Bhd’s (THHE) bid to stop creditors from turning its voluntary winding up into a compulsory one, clearing the way for High Court proceedings on Friday. The MOF owns 64.45% of THHE through Urusharta Jamaah Sdn Bhd (UJSB). The company was…

HBC reinstates commission pay amid non-corporate layoffs

Dwayne Gunness, president of Unifor Local 40 — which represents 40 beauty advisers — confirmed the layoffs, reports Radio-Canada. And HBC won’t be providing termination pay to workers being laid off, according to one worker. “I’m having a really hard time accepting the fact that we don’t get severance,” says Hazel Harris, one of the…