KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which posted a profit after tax (PAT) of RM48.6 billion for the financial year ended Dec 31, 2021 (FY21), plans to establish an entity focused on clean energy solutions by the middle of the year,a testament to its commitment towards a sustainable future. Its president and group CEO, Datuk … Read more
PETALING JAYA: Kenanga Investment Bank has unveiled its Kenanga Digital Investing (KDI) platform, an artificial intelligence-driven (AI) robo-adviser for Malaysians to save and invest. It said the platform comprises two products, KDI Save – which offers daily returns on savings with no lock-in period and zero management fees – and KDI Invest, which enables customers … Read more
PETALING JAYA: Integrated durian company DSR Taiko Bhd has set its sights on expansion in 2022 with plans to increase its production capacity upstream as well as creating a bigger market presence domestically and overseas. Its CEO Datuk Ng Lian Poh revealed that the company, which is involved in the upstream orchard durian production to … Read more
PETALING JAYA: Luno Malaysia aims to add a number of cryptocurrencies or coins to its digital asset exchange (DAX) in 2022, according to its country manager, Aaron Tang (pix). He believes the expansion of the coins offered on the platform will be a key driver for local users, as access to certain coins has been … Read more
PETALING JAYA: Rakuten Trade projects that the FBM KLCI will end 2022 at 1,700 points, as foreign funds will continue to enter Malaysia, according to head of research Kenny Yee (pix). “Our projection for next year is rather bold but, then again, with the volatility on Wall Street, we expect funds will flow to other … Read more
PETALING JAYA: Astro sees the partnership with Netflix and its new subscription pack bundles to be its biggest draw to customers, according to its group COO and pay-TV CEO, Euan Smith (pix). With the partnership, the pay-TV operator is adding the US-listed over-the-top streamer’s content to its growing list of offerings, in addition to Disney+ … Read more
PETALING JAYA: Peugeot’s sole distributor in Malaysia, Bermaz Auto Alliance Sdn Bhd, today launched the Peugeot 3008 and 5008 (pix). The brand owner, Stellantis, the global automaker formed by the merger between PSA Group and Fiat Chrysler Automobiles in January 2021, has an ambitious growth plan and is committed to strengthening its presence in the … Read more
PETALING JAYA: The record high allocation of RM322.1 billion for Budget 2022 is raising eyebrows among economists, who expressed concern over Malaysia’s fiscal headroom. The Socio-Economic Research Centre (SERC) executive director, Lee Heng Guie, noted that although the fiscal deficit is projected to narrow to 6% of gross domestic product (GDP) compared with 6.5% in … Read more