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Malakoff 1Q net profit dips 15.8% to RM50.9mil
KUALA LUMPUR: Malakoff Corp Bhd’s net profit fell 15.8% to RM50.9mil in the first quarter ended March 31, from RM60.4mil a year ago.
Carlsberg 1Q net profit surges 38% to RM91.6mil
PETALING JAYA: Carlsberg Brewery Malaysia Bhd delivered a robust performance in the first quarter of its financial year 2022 (1Q22), backed by higher earnings due to stronger Chinese New Year (CNY) sales in both its Malaysia and Singapore operations along with the ease of Covid-19 restrictions.
Marcos wants 'trade, not aid’ from US, open to economic pact
MANILA (Bloomberg): Philippine presumptive President Ferdinand 'Bongbong' Marcos Jr said he wants to boost trade ties with the US instead of a "dependence” on aid, and signaled openness to join an economic initiative pushed by President Joe Biden to counter China’s influence.
Ekuinas’ total cumulative investment at RM4.4bil in FY21
KUALA LUMPUR: Ekuiti Nasional Bhd’s (Ekuinas) total cumulative investment stood at RM4.4bil in FY21, comprising 70 investments covering 47 direct investments and 23 outsourced programmes which consequently generated a total economic deployment of RM5bil, together with private sector partners.
Samsung commits US$356bil in investments with 80,000 new jobs
SEOUL (AFP): Samsung Group on Tuesday (May 24) unveiled a massive US$356 billion investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics.
Samsung to invest $356 billion over five years in strategic sectors
SEOUL (Reuters) - Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said.
Tesla investor Streur says carmaker still believes in ESG
(Reuters) - Tesla Inc CEO Elon Musk may have denounced business use of environmental, social and governance (ESG) factors as a "scam" last week but one sustainable investing pioneer thinks the electric carmaker still believes in the cause.
Indian vaccine giant Serum plans African plant in global expansion
DAVOS, Switzerland (Reuters) - The Serum Institute of India (SII), the world's biggest vaccine maker, is considering setting up its first manufacturing plant in Africa as it looks to expand globally after its success in selling COVID-19 shots, its CEO told Reuters on Monday.
Tax cut agenda highlights weakness in UK economy
LONDON: Chancellor of the Exchequer Rishi Sunak’s plea for businesses to boost investment highlights a key weakness in the United Kingdom economy that company executives have long complained about.
Investcorp targets $400 million at Indian school infrastructure, warehousing
DAVOS, Switzerland (Reuters) - Investcorp will deploy $400 million into Indian school infrastructure and warehousing, as it seeks to expand investments in the South Asian nation, its Co-Chief Executive told Reuters on Monday.
