Chamber wants Thai border trade to rise to US$30bil: The National Chamber of Commerce and Industry of Malaysia wants the two-way trade along the Malaysia-Thailand borders to increase from US$13bil now to US$30bil in three years. - Bernama
PM promises to solve 1MDB saga: Prime Minister Datuk Seri Najib Razak made a promise yesterday that he would solve controversies surrounding 1Malaysia Development Bhd (1MDB) in two months, at the earliest. - Edge FD
MAHB confident of passenger increase in H2: The weakening ringgit against the US dollar and renewed air traveller confidence is a boon to Malaysia Airports Holdings Bhd
(MAHB) as more passengers arrive at domestic airports. MAHB managing director Datuk Badlisham Ghazali says he expects to see increased numbers of travellers arriving at its airports in the next few months in the second half of the year with the start of summer for the northern hemisphere in July. - Edge FD
Omesti aims high on revenue growth: Omesti Bhd, formerly known as Formis Resources Bhd, has been busy reinventing itself over the last nine months into a more innovative company with steady recurring income.
Chief executive officer Datuk Larry Gan said the company aims to double its revenue to RM1bill in three years, by banking on growth in its new start-up businesses to bring in “exponential” and recurring income. - Edge Fd
Karex to build ‘private labels’ with eurozone chains: The world’s largest condom maker, Karex Bhd, is looking to collaborate with local, established retail chains in the eurozone — be it hypermarkets, supermarkets or drugstores — to come out with condoms under their respective house brands. Karex chief executive officer Goh Miah Kiat said the group already set the wheels in motion on April 4, when it acquired Powelton SL, a shelf company in Spain via Karex’s Hong Kong- based subsidiary, Karex Global Ltd. - Edge FD
Progressive Impact aims to lower reliance on Govt jobs: Environmental engineering consultancy firm Progressive Impact Corp Bhd, which saw its 20-year air and water pollution monitoring concession with the government turned into an annual renewal contract for the next five years, aims to push three new technologies into becoming its main income contributors to reduce its dependency on government jobs. - Edge FD
Hua Yang remains confident amid challenges: Property developer Hua Yang Bhd remains confident that its projects will continue to do well despite the difficult outlook for the sector, moving forward, as it focuses on affordable offerings. Chief executive officer Ho Wen Yan said the operating landscape of the property industry is more challenging now compared with a few years ago, due to a variety of factors ranging from macroeconomic developments to the impact of the government’s fiscal consolidation policies. - Edge FD
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