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KUALA LUMPUR: Despite the challenging environment, UMW Group doubled its automotive sales to 25, 568 units in May this year compared with 11, 342 units recorded in May 2020.
KUALA LUMPUR: The UMW Group recorded automotive sales of 25, 568 units in May, more than doubled the 11, 342 units registered a year ago during the Movement Control Order or MCO 1.0.
Perodua is retaining its sales target of 240, 000 units for the year despite the ongoing pandemic and the semiconductor shortage.
Malaysia has extended the expiry of existing income tax exemption on interest or profit earned from deposits for corporate investors in retail money market funds to Jan. 1,2022, according to a letter sighted by Bloomberg.
KUALA LUMPUR: DRB-Hicom Bhd's earnings recovery is expected to pick up moving into the second half of the year with the extension of the vehicle sales tax (SST) exemption and overwhelming response for the all-new Proton and Honda models.
PETALING JAYA: Rising automobile demand, augmented by better performance of operating subsidiary companies and higher share of results from joint ventures and associated companies, enabled DRB-Hicom Bhd to record a 28% year-on-year rise in revenue in its first quarter ended March 31,2021.