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Higher net profit by BIMB Holdings

KUALA LUMPUR: BIMB Holdings Bhd recorded a 17.7% increase in net profit at RM202.51mil in the first quarter ended March 31, 2019 compared with RM172.31mil a year ago, underpinned by stronger performances of its banking and takaful businesses.

BIMB Holdings Bhd recorded a 17.7% increase in net profit at RM202.51mil in the first quarter ended March 31, 2019 compared with RM172.31mil a year ago, underpinned by stronger performances of its banking and takaful   businesses.

SC revokes remisier's licence over improper practices

KUALA LUMPUR: The Securities Commission (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Chu Li Choon for various improper business practices when transacting for her client.

Pacific & Orient Q1 net losses narrows to nearly RM2m

KUALA LUMPUR: Insurer Pacific & Orient Bhd narrowed its losses in the second quarter ended March 31, 2019 to RM1.97mil compared with RM8.23mil a year ago and it expects the general insurance business to remain challenging due to intense competitive pressures and the progressive impact of tariff liberalisation.

Dayang Q1 net losses reduced, order book nearly RM3b

KUALA LUMPUR: Dayang Enterprise Holdings Bhd’s managed to reduce its net losses in the first quarter ended March 31, 2019 as work orders picked up and it expects to perform better with an order book of nearly RM3bil and firm oil prices.

On the outlook, Dayang said after registering a solid financial performance in 2018, it had a good start of the year with healthy results in the first quarter of 2019 which also represented its best first quarter results since 2016.

Uber and Lyft to turn the wheels on car ownership

TORONTO: Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday.

At the annual Collision Conference in Toronto, speakers said ride-hailing apps are also set to play a role in testing automation for safety.  "Your phone will be your car," said Andre Haddad(pic), CEO of Turo, a peer-to-peer car-sharing company that enables users to rent their cars out to others.