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Daibochi revenue hits record high

PETALING JAYA: Flexible packaging manufacturer Daibochi Bhd saw its revenue for the second quarter ended June 30 hitting a record high of RM106.4mil, growing 22.5% from a year ago.

Daibochi managing director Thomas Lim said the group intended to continue stamping a firmer mark in export markets as well as supporting the expanding requirements of MNCs.

SST may hike cost of doing business for several sectors

PETALING JAYA: The re-introduced sales and services tax (SST) may likely increase the cost of doing business for several industries in Malaysia post-Sept 1, according to KPMG executive director for indirect tax practice Ng Sue Lynn

SST talk: (from left) Helmi, Ng and executive director for tax risk management Soh Lian Seng at the talk in Menara Star, Petaling Jaya.

Stronger second half seen for Press Metal

PETALING JAYA: Press Metal Aluminium Holdings Bhd is expected to record a stronger second half (2H18) on the back of a stronger US dollar against the ringgit, lower carbon anode prices and a better product mix, said Kenanga Research.

The research house said that the largest aluminium smelter in South-East Asia’s 1H18 core net profit of RM316mil had come in within both its RM720mil forecast at 44% and consensus’ RM761mil estimate at 42%

Malaysia should ratify the CPTPP

DARREL Leiking has his plate full as he takes over the reins of the International Trade and Industry Ministry, reviewing trade and investment policies and making adjustments in line with regional and global developments.

Rebecca: This plurilateral agreement sets the standard for international trade rules going forward. And as Malaysia is an open economy, it should be at the table negotiating, writing and reviewing the rules. That is far better than to be outside, looking in, and eventually be subject to the rules.

TPG Capital back in Malaysian healthcare scene

KUALA LUMPUR: US-based private equity (PE) fund TPG Capital Asia is back in the Malaysian healthcare scene with a stake in Cardiac Vascular Sentral Kuala Lumpur (CVSKL).

Dialog makes RM510mil profit in FY18

KUALA LUMPUR: Dialog Group Bhd is adding new storage tank terminals, boosting its lucrative core logistics business, as full year earnings tops the half-a-billion ringgit mark for the first time.