PETALING JAYA: A survey conducted by Zurich Malaysia found that 59% of homeowners are not covered for fire damage of their property. This is concerning as the Fire and Rescue Department reported receiving 38,865 calls about fires in 2020, an average of one call every 14 minutes. Losses were estimated at RM2.25 billion compared with … Read more
PETALING JAYA: Top Glove Bhd has cemented its position as a leading employer of local graduates, bagging three awards from Graduan Brands, Malaysia’s 100 and Talentbank. The glove maker has been named as Graduan Awards 2021 Malaysia’s most preferred employer in manufacturing which resulted in a fourth place in the overall ranking. It has been … Read more
PETALING JAYA: The local building and construction industry has urged the government to intervene to manage the steep rise in prices of building materials in the recent month, according to a joint statement issued by seven organisations and associations from the industry. In the statement, they highlighted that the rise in building material prices has … Read more
PETALING JAYA: Ni Hsin Group Bhd’s subsidiary BlackBixon2Go Sdn Bhd has launched the BB2GO EV Coffee Bike or electric bikes for the sale of BlackBixon coffee as part of its food & beverage business cafe@anywhere concept. The bikes are equipped with coffee making machines and GPS to enable customers to track orders and location of … Read more
PETALING JAYA: Bermaz Auto Bhd (BAuto) reported a 5% higher net profit of RM26.04 million in the second quarter ended Oct 31, 2021 compared with RM24.79 million a year ago due to higher share of results of associates. Revenue decreased 19.3% to RM483.84 million from RM599.84 million in the same quarter last year largely due … Read more
PETALING JAYA: The building and construction industry has urged the government to intervene to manage the steep rise in building materials prices in the recent month, according to a joint statement by seven organisations and associations from the industry. In the statement, they highlighted that the rise in material prices has resulted in a 13-20% … Read more
PETALING JAYA: Lagenda Properties Bhd has signed a collaboration agreement with Koperasi Veteran Daulat Kedah (KVDK) Bhd to offer customised financial plans for army personnel in need, wherein assistance would be provided to aspiring homeowners to restructure their finances for higher loan eligibility. “The housing dilemma is a real issue amongst military personnel as many … Read more
PETALING JAYA: Electronics manufacturing services provider SKP Resources Bhd and migrant worker rights specialist Andy Hall are in discussions to enhance the welfare of migrant workers at the company following complaints lodged by migrant workers of SKP’s wholly owned subsidiary, SPI Plastic Industries (M) Sdn Bhd. Hall received complaints from SPI workers concerning excessive overtime … Read more
PETALING JAYA: Mah Sing Group Bhd has been granted approval to market nitrile examination gloves in the US by the US Food and Drug Administration (FDA). The group’s healthcare business, Mah Sing Healthcare Sdn Bhd, received the 510(K) premarket notification clearance from the agency on Dec 4. “With the 501(K) clearance, the recent issuance of … Read more
THE government has come up with another special voluntary disclosure programme (SVDP) dealing specifically with indirect taxes to be administered by Royal Malaysian Customs Department (RMCD). The previous SVDP in 2018 and 2019 dealt only with direct taxes. When businesses think of taxes, they tend to veer towards income tax rather than indirect taxes. What … Read more
PETALING JAYA: Alliance Bank Malaysia Bhd yesterday announced that its subsidiary Alliance Investment Bank Bhd has entered into a conditional business sale & purchase agreement with Phillip Futures Sdn Bhd for the sale of its stockbroking business. The bank will also enter into a stockbroking partnership arrangement with PhillipCapital Group, the parent group of Phillip … Read more
PETALING JAYA: Tropicana Corp Bhd posted higher property sales of RM760.6 million in the nine months ended Sept 30, 2021, a 73.8% jump from RM437.6 million a year ago despite the impact of the movement control order, and is on track to achieve its RM1.1 billion sales target. Tropicana group managing director Dion Tan said … Read more
