PETALING JAYA: Axiata Group Bhd recorded an impressive 86-fold surge in net profit for the fourth quarter ended Dec 31, 2022 (Q4’22), to RM9.97 billion from RM116.02 million in the same period last year mainly driven by the one-off net gain on the Celcom-Digi merger amounting to RM13.5 billion. This brings the net profit for … Read more
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and the Sabah government are expanding their collaboration in the oil and gas industry through a heads of agreement signed tpday between Petronas Carigali Sdn Bhd (PCSB), a wholly owned subsidiary of Petronas, and SMJ Sdn Bhd (SMJSB), a company wholly owned by Sabah. The HoA paves the way … Read more
KUALA LUMPUR: AMMB Holdings Bhd’s (AmBank Group) net profit for the third quarter of financial year 2023 (Q3’23) increased to RM452.64 million from RM403.29 million in Q3’22. For the quarter ended Dec 31, 2022, revenue stood higher at RM1.23 billion compared with RM1.18 billion previously. The group attributed its improved performance to an increase in … Read more
PETALING JAYA: Malaysian property prices continued to rise against the backdrop of lower demand from buyers, creating a widening gap between purchasers and sellers, according to PropertyGuru Malaysia. The property website operator said in its market report for the first quarter of 2023 that it registered an upward trend in the sale price index in … Read more
PETALING JAYA: Touch ‘n Go (TNG) group has expanded the reach of its Touch ‘n Go eWallet to include Foodpanda Malaysia, which will enable users to pay for the latter’s delivery services nationwide. TNG Digital Sdn Bhd CEO Alan Ni said in a statement today that its users will be able to utilise Foodpanda’s delivery … Read more
JOHOR BAHRU: Integrated industrial space solutions provider AME Elite Consortium Bhd, via its subsidiary Ipark Development Sdn Bhd, has secured a vote of confidence from Emhart Glass Sdn Bhd (Bucher Emhart Glass) to construct the latter’s RM108 million manufacturing facility in i-Park@Senai Airport City, Johor. Bucher Emhart Glass, which is a subsidiary of Swiss-listed engineering … Read more
KUALA LUMPUR: Petronas Gas Bhd turned in a resilient financial performance for the financial year 2022 (FY22) with profit after tax (PAT) of RM1.76 billion, and declared an interim dividend of 22 sen per ordinary share for the fourth quarter (Q4’22). Amid a challenging external environment which saw higher fuel gas prices and unfavourable foreign … Read more
PETALING JAYA: MR D.I.Y Group Bhd’s (MR DIY) net profit increased 1.13% to RM136.08 million in its fourth quarter ended Dec 31, 2022 (Q4’22) compared with RM134.55 million in the corresponding quarter of the previous year, due to higher revenue and gross profit. Revenue rose 9.27% to RM1.07 billion from RM975.39 million for the same … Read more
PETALING JAYA: Lazada Malaysia today introduced the all-new Everyday Cashback and the Seller Affiliate programmes for sellers to help boost their earning potential in conjunction with Lazada University Masterclass 9th Edition. With attractive rebates and cashback earnings for every purchase, Everyday Cashback enables sellers to provide a more rewarding online shopping experience for customers. Meanwhile, … Read more
PETALING JAYA: Betamek Bhd has secured a RM123.5 million contract to supply various electronic parts for a new Perodua model. The company’s wholly owned subsidiary Betamek Electronics (M) Sdn Bhd (BESB) on Monday received a letter of appointment from Perusahaan Otomobil Kedua Sendirian Bhd (Perodua). The supply of these parts commenced in the fourth quarter … Read more
KUALA LUMPUR: Fi Life Sdn Bhd today launched its first self-underwritten life insurance product, available online – offering the cheapest life insurance for women. This follows Bank Negara Malaysia’s (BNM) approval of Fi Life’s participation in its regulatory sandbox. Now, any woman below the age of 55 will enjoy the lowest life insurance premium in … Read more
PETALING JAYA: Despite the current global economic challenges, local business leaders believe Malaysia is well positioned in the fast growing digital and technology sectors, according to comments released today by Juwai IQI co-founder and group CEO Kashif Ansari (pic). “Malaysia is a fast-developing centre for digital technology and high-tech manufacturing. Global investment in technology is … Read more
PETALING JAYA: Grab Holdings Inc has appointed Adelene Foo (pic) as managing director of Grab Malaysia, effective Feb 1, 2023. Foo will oversee the business strategy and operations of Grab’s businesses in Malaysia. A 10-year veteran at Grab, she was previously the country head in Malaysia between 2012 and 2014 before moving on to regional … Read more