PUNCAK ALAM: Berjaya Food Bhd’s (BFood) wholly owned subsidiary, Berjaya Starbucks Coffee Co Sdn Bhd (BStarbucks), has partnered with Yinson Holdings Bhd’s green technologies business unit Yinson GreenTech (YGT) to offer chargEV, an electric vehicle (EV) charger, at its stores, becoming the first retail coffee chain in Malaysia offering the facility. BStarbucks and YGT today … Read more
KLANG: Taiwan’s Ally Logistic Property (ALP) today unveiled its first smart warehousing facility in Malaysia – the 27-acre ALP Bukit Raja OMega worth US$180 million (RM844 million) at Bukit Raja Industrial Park here. ALP’s multi-tenant warehouse is scheduled to be ready by the third quarter of 2024. ALP is partnering with the Employees Provident Fund … Read more
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which declared a RM50.0 billion dividend to the government for FY22, saw its net profit for the second quarter ended June 30, 2022 more than double to RM23.0 billion from RM9.6 billion in the same quarter last year in tandem with higher revenue, partially offset by higher product costs … Read more
PETALING JAYA: RHB Bank Bhd, which saw lower earnings for the first six months this year (H1’22), expects slower loan growth in H2’22 amid high inflation and interest rate environment. However, group managing director and CEO Mohd Rashid Mohamad (pix) said the bank is at a 3.2% loan growth rate now and it is confident … Read more
KUALA LUMPUR: Kerjaya Prospek Group Bhd is confident of maintaining double-digit growth in profit for the remaining quarters of the financial year ending Dec 31, 2022 on the back of strong demand for properties and robust construction activities despite the challenge of labour shortage. Kerjaya Prospek chairman Datuk Tee Eng Ho said the group plans … Read more
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