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MSC Posts Record-high Net Profit In 9MFY21

The Group’s tin mining operations recorded a more than 4-fold jump in net profit to RM65.2 million during the period under review, as compared to RM13.9 million in 9MFY20, on the back of higher average tin prices and increased tin production quantity.

Haily Awarded RM14.57 Million Community Housing Project In Kulai

A filing with Bursa Malaysia shows that the award involves the proposed construction and completion of 216 units of strata townhouses measuring 20 ft by 60 ft (9 blocks), a management office and a TNB substation.

GDP fell by 4.5% Year-on-year in 3Q

“Malaysia’s growth trajectory is expected to improve given resumption of economic activities, further improvement in the labour market, continued policy support, and expansion in external demand.

Nano Malaysia Bhd Signs MoU With (MyIPO) For (TISC) Programme

This MOU is one of the intermediate steps for NMB to become a Centre of Excellence for Intellectual Property (IP) strategic management through participation in IP training programmes, such as patent searching, patent drafting, IP commercialisation and IP marketing, conducted and coordinated by MyIPO, in cooperation with the World Intellectual Property Organization (WIPO).

Fitch Downgrades Serba Dinamik, to ‘C’

Fitch Ratings has downgraded energy-service provider Serba Dinamik Holdings Bhd's (SDHB) Long-Term Issuer Default Rating to 'C' from 'CCC-'. Fitch has also downgraded the...

Durian Capital Bhd Officially Launches Malaysia’s First Licensed Durian Investment Scheme

Durian Capital Bhd, a homegrown modern agriculture management company, has announced the launch of its Durian Capital Investment Scheme. This makes it Malaysia’s first durian investment scheme to be licensed under the SSM Interest Scheme Act 2016. The company shared its goals of providing investors an accessible entry into the lucrative landscape of agricultural investment.

KASA, MOF Welcome ASEAN Taxonomy For Sustainable Finance

The Ministry of Environment and Water (KASA) and Ministry of Finance (MOF) welcome the ASEAN Taxonomy for Sustainable Finance, Version 1 (ASEAN Taxonomy), released by the ASEAN Taxonomy Board (ATB) in conjunction with the 26th United Nations Climate Change Conference of the Parties (COP26) on 10 November.

BPMB Completes The Acquisition Of Danajamin Nasional

Bank Pembangunan Malaysia Berhad (BPMB) today announced the completion of all the conditions precedent in the Sale and Purchase Agreements with Credit Guarantee Corporation Malaysia Berhad and Minister of Finance (Incorporated) (MOF Inc.) for the 100% acquisition of Danajamin Nasional Berhad (Danajamin).

Buy: Berjaya Food

The investment Bank said that considering the capacity restrictions that are still in place for F&B players, we believe BFood has yet to reap the full benefits of a full-fledged and sustained economic reopening, with around 90% of stores currently operating.

Slow Recovery For Asia’s Tourism: Fitch

Asian EMs that are heavily dependent on tourism have experienced a very slow recovery in the number of daily flights, suggesting that visitor numbers are still low (top left hand of chart).

Buy: Heineken

It remains optimistic on HEIM’s ability to report better performance ahead due to the easing of lockdown measures (longer operating hours of F&B’s and additional dine-in capacity).

Use Of Digital Assets And Cryptocurrency To Continue Post-pandemic

The financial tribes you need to know report reveals that nearly two thirds (65 percent) of APAC consumers made greater use of digital banking services over the last 18 months, and globally, two in every five people started using digital banking for the first time ever because of the pandemic.

Zeti: State Intervention Necessary In Fighting Climate Change

Her view is that Adam Smith would have advocated for government action toward environmental sustainability by providing regulations and incentives for private industry and providing appropriate investments to address the climate change agenda.

UMW’s October Vehicles Sales Up 63.8pct

Datuk Ahmad Fuaad Kenali, president and group chief executive officer of UMW, said the company was pleased with the strong recovery shown by both UMW Toyota and Perodua in October.

Small Businesses Can Benefit From “Buy Now Pay Later” With Mastercard

Accepted at 80 million merchants worldwide, the card-led instalments product will empower small businesses to get capital as they gear up for post-pandemic recovery

REIT Outlook 2022: Emerging From The COVID-19 Pandemic

On the flip side, Foo said demand for student residences have declined sharply due to the increase in distance learning enforced by the pandemic.

77 percent of Malaysian SMEs Stuck In Early Stages Of digitalisation

Last year, Siemens Malaysia Sdn Bhd also found that over half of the SMEs are not adequately equipped for the new norm of remote working due to challenges in infrastructure and systems. 

2022 Expected To Be An Exciting Year For Growth In Electromobility Industry

Incentives rolled out directly to consumers are expected to catalyze consumer demand and market excitement in the new electric vehicle segment in the country.

Malaysia’s Q3 e-commerce Revenue Increased 17.1% Y-O-Y

In terms of e-commerce revenue by market segment in 2019, the local sector dominated with an 87.6 percent contribution from Malaysian sales, compared to 12.4 percent for the international sector.

Malaysian Startups Have Access To USD1 Trillion Indonesian Market

By tapping on the power of AC Ventures’ local knowledge and network, Malaysia’s start-ups stand a higher chance of go-to-market success in a USD1-trillion economy," said Finance Minister, Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz

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