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EPF launches world’s first and largest Shariah PE fund of RM2.43b
KUALA LUMPUR: The Employees Provident Fund (EPF) has launched the world’s first and largest Shariah private equity (PE) fund in the world with an allocation of US$600mil or RM2.43bil.
Amway to roll out plans for long-term growth
KUALA LUMPUR: Amway (M) Holdings Bhd is cautiously optimistic in delivering revenue growth in 2021, with plans to roll out several initiatives to support direct sellers and long-term business expansion.
Global bond rout puts Australia’s central bank on frontline
SYDNEY: The bond market rout is starting to test the resolve of global central banks, and nowhere is that clearer than in Australia, where policymakers are struggling to defend their yield targets.
Wix.com hits 200 million users, says will continue to invest
JERUSALEM (Reuters) - Wix.com, which helps small businesses build and operate websites, said on Thursday it had reached 200 million users globally after adding by more than 31 million users in 2020.
LBS Bina Q4 profit up, sales exceed full year targetÂ
KUALA LUMPUR: LBS Bina Group Bhd recorded a 24.6% year-on-year (y-o-y) increase in profit after tax and minority interest (PATAMI) to RM18.4mil for the fourth quarter ended Dec 31, 2020.
Saham Amanah Sabah declares interim income distribution of 4.2%
KOTA KINABALU: Saham Amanah Sabah (SAS) has declared its first Interim Income Distribution for 2021 of 4.2%, with RM51.7mil to be paid to 49,626 investors.
Paragon Union minorities advised to reject offer
KUALA LUMPUR: Paragon Union Bhd’s independent directors and independent adviser have urged the minority shareholders to reject the takeover offer by AKK Capital Sdn Bhd at 55 sen a share.
Public Bank posts net profit of RM4.87bil in FY20, declares 13 sen payout
KUALA LUMPUR: Public Bank Bhd posted lower net profit of RM4.87bil in the financial year ended Dec 31,2020 due to one-off Day One net modification loss, negative effect of the reduction in the Overnight Policy Rate (OPR) and higher loan impairment allowance.
Drones used in farming to be regulated from March 1
PUTRAJAYA: The use of drones in the agricultural sector will be regulated as of March 1, while the handful of drone pilot training schools will also have to be accredited beginning the same date, says the Civil Aviation Authority of Malaysia (CAAM).
Amway to roll out plans for long-term business growth
KUALA LUMPUR: Amway (Malaysia) Holdings Bhd is cautiously optimistic over delivering revenue growth in 2021 with plans to roll out several initiatives to support direct sellers and long-term business growth.
