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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.
KUALA LUMPUR: Mah Sing Plastics Industries Sdn Bhd (MSPI) has awarded a RM12 million solar photovoltaic (PV) installation project to clean energy provider Plus Solar Systems Sdn Bhd (Plus Solar) to outfit MSPI’s smart factory in Klang, Selangor.
KUALA LUMPUR: A number of production workers with electronics and plastic manufacturer Salutica Bhd has been tested positive for Covid-19.
EARLIER this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana.