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Business

Tiong Nam profit higher on improved revenue

PETALING JAYA: Logistics and warehousing provider Tiong Nam Logistics Holdings Bhd reported a net profit of RM38.4mil for its fourth quarter ended March 31, 5% higher than the net profit of RM36.6mil for the same period a year earlier on improved revenue across its segments.

Community

Neighbourhood drug rehab centres a boon and a bane

Communities where drug rehab centres are located are aware that such facilities are important but worry about pushers prowling their neighbourhoods.

Corporate News

Share price of logistic firms continue to rise

PETALING JAYA: After having already rallied over the last few weeks, some logistics counters continued to rise, although analysts have attributed specific reasons as to why three particular stocks performed well

Markets

Logistics firms running ahead of fundamentals?

EVEN before this week’s big Jack Ma event, logistics stocks have been seeing strong interest.

Community

Foundation commends community-based effort to educate stateless children

PHOTOS of excited young children sitting on mats eagerly listening to their tutors about the streets of Chow Kit captured everyone’s heart during the Khind Starfish Foundation’s Project For Happiness 2016 event.

Corporate News

Logistics counters rally

PETALING JAYA: Logistics and courier companies rallied strongly yesterday ahead of a reported meeting between Alibaba Group Holding Ltd’s executive chairman Jack Ma (pic) and Prime Minister Datuk Seri Najib Tun Razak this week for the launch of a new regional distribution hub in Malaysia.

Property

Tiong Nam’s regional trucking push

TIONG Nam Logistics Holdings Bhd, which started cross-border trucking in early 2000, is now planning for longer routes cutting through Thailand, Vietnam and Laos to reach China.

Auto

Honda Malaysia records delivery of 250,000th City

KUALA LUMPUR: Honda Malaysia recorded a historic milestone with its very successful City when it delivered the 250,000 City since the second generation was introduced in Malaysia 16 years ago.

Business

Tiong Nam’s growth strategy

PETALING JAYA: Cross-border trucking and e-commerce businesses could be the next drivers of growth for Tiong Nam Logistics Holdings Bhd.

Corporate News

Hap Seng sells logistics business for RM750mil

KUALA LUMPUR: Hap Seng Consolidated Bhd is selling its 100% stake in logistics service provider Hap Seng Logistics Sdn Bhd (HSL) to a unit of Hong Kong-based Lei Shing Hong Ltd for RM750mil.