Latest
-
Corporate News
Dutch firm sets up technology centre in PJ
Global Dutch dairy firm FrieslandCampina, the parent company of Dutch Lady Milk Industries Bhd, has set up a technology excellence centre in Petaling Jaya, Selangor.
-
Corporate News
Axis-REIT to sell Johor asset for RM162mil
Axis Real Estate Investment Trust (Axis-REIT) is proposing to dispose of the Axis Steel Centre@SiLC in Nusajaya, Johor, to a data centre operator for RM162mil.
-
Corporate News
I-Bhd plans preference share issue
Property developer I-Bhd is proposing to issue preference shares to its major shareholder, Sumurwang Sdn Bhd, in a deal that could raise up to RM100mil.
-
Corporate News
Ancom Nylex on track for better revenue
Ancom Nylex Bhd has sorted out issues with importing intermediates of Chemical T from China by securing necessary clearance and permits, says Hong Leong Investment Bank Research (HLIB Research).
-
Corporate News
HSS Engineers declares 1.21 sen dividend on strong FY23
HSS Engineers Bhd has announced a final single-tier dividend of 1.21 sen per share in respect of the financial year ended Dec 31, 2023 (FY23), a significant increase from the previous year’s dividend of 0.92 sen per share.
-
Corporate News
Fajarbaru secures RM252mil contract from WCT
Fajarbaru Builder Group Bhd has been awarded a contract worth RM252.26mil from WCT Holdings Bhd, bringing its total construction order book to RM1.2bil.
-
Corporate News
Carlsberg to continue reinvesting in brands
Carlsberg Brewery Malaysia Bhd will be reinvesting in its brands to safeguard the future of the business amid the tough business environment.
-
Corporate News
United Plantations keeping fingers crossed for 2024
United Plantations Bhd is hopeful of a satisfactory 2024, buoyed by an increase in palm oil prices in the first quarter of the year (1Q24), while remaining cautious over uncertain global economic growth sentiments.
-
Corporate News
Sasbadi reports record high quarterly revenue on robust sales
Sasbadi Holdings Bhd reported its highest-ever quarterly revenue of RM35.02mil for the second quarter ended Feb 29, 2024 (2Q24), due to the robust sales of its academic publications for the 2024 academic year.
-
Corporate News
Fernandes on board Capital A for five more years
Capital A Bhd ended months of speculation swirling around Tan Sri Tony Fernandes’ continuity as its head honcho after announcing that it is extending his tenure as the chief executive officer for five more years, and appointed him as an airline business adviser.
-
Economy
Booming eCommerce bolsters consumption
China’s burgeoning eCommerce sector has played a vital role in bolstering the recovery of consumption, improving people’s livelihood and shoring up the economy as an increasing number of shoppers opt for high-quality and diversified products via online marketplaces, say experts.
-
Auto
Good earnings visibility for carmakers
Analysts generally expect the automotive sector’s earnings visibility to remain good, backed by a booking backlog of 200,000 units as of end-February 2024.
-
Corporate News
Helping more city-state F&B businesses to expand overseas
Plans are afoot to help more Singapore food and beverage (F&B) businesses expand overseas.
-
Corporate News
Seven Group mulls takeover of Cleanaway Waste
Australian industrial conglomerate Seven Group Holdings Ltd is exploring an acquisition of Cleanaway Waste Management Ltd, one of the country’s biggest waste disposal firms, according to sources.
-
Economy
Vietnam businesses concerned about rising forex woes
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the foreign exchange or forex rate since April 19, the greenback has remained high directly affecting many domestic enterprises.
-
Economy
Scrap processing makes many villagers richer
Over the past 30 years, many people in Khoai Village of Van Lam District, Hung Yen Province have rapidly gotten rich, many of them even becoming billionaires, thanks to travelling all over the country buying scrap and recycling.
-
Logistics
Little impact so far from Mideast tensions
The ongoing tensions in the Middle East are having limited impact on the earnings growth of local shipping and aviation companies operating in the transportation sector.
-
Corporate News
Chilean retailer Falabella aims to close several major asset sales
Falabella SA, Chile’s second-largest retail group by sales, expects to close several more “major” asset sales this year as part of its plan to raise US$850mil to US$1bil and help improve its credit metrics, says chief executive officer Alejandro Gonzalez.
-
Commodities
LME takes aim at traders’ Russian metal games with new rules
The London Metal Exchange (LME) is imposing new rules surrounding the movement of metal in its warehousing network, taking aim at a lucrative and complex trading opportunity that emerged after the imposition of sanctions on Russian metal earlier this month.
-
Markets
UK stocks may finally be back in fashion
London’s FTSE-100 hit a record high, raising hopes that Britain’s stock market might finally be shaking off years of underperformance as investors look for bargains and UK growth picks up.