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PETALING JAYA: Leon Fuat Bhd saw its net profit jump about 12-fold to RM32mil for the second quarter ended June 30, 2021 (Q2’FY21), from RM2.7mil in the corresponding quarter last year.
KUALA LUMPUR: Leon Fuat Bhd, a manufacturer and trader of steel products, said earnings surged in the second quarter boosted by higher selling prices.
ZURICH (Reuters) -German engineering and technology company Siemens raised its profit guidance on Thursday for the third time this year on the back of a post-pandemic surge in demand.
THERE'S rarely been a better time to be in the steel business.
SINGAPORE (Reuters) - A stuck container vessel in the Suez Canal, which has blocked the flow of goods through the narrow channel, will add strain to global supply chains already stretched by rebounding economic activity and tight shipping container supplies, analysts said on Friday.
KUALA LUMPUR (The Star/ANN): Moody’s estimates that the Suez Canal's temporary closure as a result of a full blockage caused by huge container ship 'Ever Given' will affect 10%-15% of world container throughput.
Moody's believes that Europe's manufacturing industry and auto industry, including auto suppliers, will be most affected by the temporary closure of the Suez Canal.
As the pandemic brings about a spike in unemployment, government agencies and corporations shift to online platforms to speed up rehiring, while encouraging courses in tech.
BEIJING: Activity in China's factory sector rose in December as the world's second-largest economy sustained its recovery to pre-pandemic levels, a business survey showed on Monday, however, increasing cost pressures slowed the pace of expansion.