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Company plans to list manufacturing division abroad
KUALA LUMPUR: Flexible plastic packaging maker Daibochi Bhd posted higher earnings in the first quarter ended Oct 31 on higher sales.
PETALING JAYA: Cast acrylic sheet manufacturer Asia Poly Holdings Bhd will continue its expansion plans by buying land to set up additional production capacity to capture growing markets.
SLP says panic buying triggered by rising cost
KUALA LUMPUR: The industrial production index (IPI) in October shrank by 0.5% from a year ago, which was below a Bloomberg survey of 0.2% increase, and it was the first contraction since July.
PETALING JAYA: Commodities-based industries are expected to be one of the early beneficiaries of the Regional Comprehensive Economic Partnership (RCEP) given Malaysia’s strong position in the sector.
KUALA LUMPUR: CGS-CIMB Research has upgraded the packaging sector to “overweight” from “neutral” due to the rising demand for plastic packaging products, driven by stay-at-home orders.
PETALING JAYA: Magni-Tech Industries Bhd posted a 22.1% quarter-on-quarter drop in net profit to RM20.84mil for the second quarter ended Oct 31, mainly due to the negative impact of the Covid-19 pandemic, and and higher foreign exchange losses.
PETALING JAYA: Mah Sing Plastics Industries Sdn Bhd (MSPI) has awarded a RM12mil solar photovoltaic (PV) installation project to clean energy provider Plus Solar Systems Sdn Bhd to outfit MSPI’s smart factory in Klang, Selangor.