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OSAKA: Panasonic Corp’s new president and chief executive officer Yuki Kusumi is embarking on a two-year mission: churn out more batteries for Tesla Inc and shake free billions of US dollars to invest in new areas of growth by making the company more efficient.
KUALA LUMPUR: JHM Consolidation Bhd, Binasat Communications Bhd, BSL Corporation Bhd, Sanichi Technology Bhd, OCR Group Bhd and Scientex Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
PETALING JAYA: JHM Consolidation Bhd’s outlook remains positive on growth catalysts stemming from new customers, projects and expansions.
PETALING JAYA: After a 19% decline in sales on a month-on-month basis in May, total industry volume (TIV) for the auto sector is expected to take an even steeper dive this month as most car showrooms and production centres are closed due to MCO 3.0.
SINGAPORE: Chipmaker GlobalFoundries said on Tuesday it will spend $6 billion to expand capacity at its factories in Singapore, Germany and the United States amid a chip shortage that is hurting automakers and electronics firms globally.
PETALING JAYA: Bermaz Auto Bhd (BAuto) is expected to benefit from an anticipated vehicle sales rebound in the second half of 2021, backed by the government’s National Recovery Plan (NRP) and extended tax holiday.
KUALA LUMPUR: Shares in Bermaz Auto Bhd (BAuto) climbed 2.7% in early trade on Monday after the company beat analysts expectations on its latest quarterly results.
Summary of business stories: EPF e-Payroll, Economic Action Council (EAC) secretariat, Serba Dinamik and Berjaya Corp
PETALING JAYA: The combination of rising raw material prices and chip shortage, which is having an impact on global car prices, could affect the Malaysian automotive industry if the situation worsens.
SYDNEY: Australia’s largest state economy will waive levies on electric vehicles (EVs) and will offer other incentives, which add up to as much as A$490mil (US$366.5mil or RM1.52bil), in an effort to increase the size of the EV market to half of all new sales within a decade.