PETALING JAYA: The strong growth in the Malaysian economy, as witnessed in the second quarter of this year, is not expected to continue into the coming quarters as the low-base effect dissipates over time, say economists. MARC Ratings chief economist Firdaos Rosli compared the country’s economic recovery to a bouncing ball where “the first bounce … Read more
PETALING JAYA: Asia Media Group Bhd is confident of exiting PN17 status by the end of the current financial year ending March 31, 2023 (FY23) mainly by securing new contracts for its online advertising and digital marketing business. “We have completed a full financial year in the black, with all quarters being profitable. The last … Read more
PETALING JAYA: The Malaysian Automotive Association (MAA) has revised its 2022 total industry volume (TIV) forecast to 630,000 units from a previously estimated 600,000 units following a strong performance in the first half of the year. The TIV registered in the first six months of 2022 (H1’22) increased 33% at 331,386 units from 249,178 units … Read more
KUALA LUMPUR: There is great potential for sustainability financing in Asean, including Malaysia, as many companies are catching up and transforming themselves to become more green, diverse and inclusive, or risk being sidelined by customers and investors, according to Maybank Investment Bank (Maybank IB). CEO Datuk Fad’l Mohamed (pix) said investor appetite for sustainable investments … Read more
PETALING JAYA: Although the outlook for the Malaysian equity market in the second half of 2022 (H2’22) remains dismal, there are selective opportunities in semiconductors and commodities-related companies as Malaysia has a prominent semiconductor supply chain as well as being one of the major global net oil and gas exporters. HSBC Global Private Banking and … Read more
KUALA LUMPUR: The majority of Axiata Group Bhd shareholders at an EGM yesterday approved a deal to acquire a 66.03% equity stake worth 8.72 trillion rupiah (RM2.55 billion) in Indonesia’s PT Link Net Tbk. At a media briefing after the EGM – which was held after the group’s AGM – Axiata CEO Datuk Izzaddin Idris … Read more
KUALA LUMPUR: Ireka Corp Bhd and Gains Education Group Sdn Bhd have signed a memorandum of understanding (MoU) to collaborate on the development and operation of five educational campuses in Malaysia. The campuses will be built in Kuala Lumpur, Selangor, Penang, Terengganu and Sarawak, and will cater to both national and international K-12 group programmes. … Read more