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IOI Corp records higher revenue for FY20
KUALA LUMPUR: IOI Corp Bhd’s net profit eased to RM600.90 million in the financial year ended June 30, 2020 (FY20), from RM631.70 million a year earlier. Revenue for the quarter increased to RM7.80 billion from RM7.39 billion a year earlier IOI Corp’s plantation segment
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GM Klang does its part to rouse the patriotic spirit
KUALA LUMPUR: GM Klang Wholesale City plans to rouse the spirit of patriotism with an exclusive Merdeka cap which will be available through the ‘Kasi #SupportBaranganTempatan Lah’ campaign from Aug 31 – Sept 30. The aim is to promote the
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Analyst: Higher property prices decreasing Malaysians’ ability to afford homes
KUALA LUMPUR: The rapid increases in property prices in the country suggest that the number of Malaysians able to afford homes may have decreased, as the household median income rate has not doubled over the past years, says MyProperty Data Sdn Bhd.
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SME Bank’s financial performance at stable level
KUALA LUMPUR: The auditing conducted on Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) found that its financial performance was at a stable level, the Auditor-General’s Report 2019 Series 1 said. It said SME Bank’s financial performance in 2019 improved by
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COVID-19: Nestlé Malaysia looking out to protect employees, supply
PETALING JAYA: Nestlé (M) Bhd aims to ensure that its missions to protect its employees, ensure steady reliable supplies and supporting the community during the COVID-19 pandemic are achieved. Chief executive officer Juan Aranols said these were challenges faced by its operations during the pandemic. “When posed
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All commercial banks are strong
BANGKOK: The Bank of Thailand (BoT) has confirmed that all commercial banks in the country are financially strong, Thai News Agency (TNA) reported. In response to an economist’s warning that Thai commercial banks were suffering from economic problems, BoT’s deputy
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Samsung unveils new Galaxy Note20
KUALA LUMPUR: Samsung Malaysia Electronics (SME) Sdn Bhd has launched the new Samsung Galaxy Note20, the latest smartphone to help Malaysians maximise their work and play experience. “We are in the edge of the next normal, so technology especially mobile technology
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Retail sector to recover in 2nd half 2020, boosted by local consumption
KUALA LUMPUR: The retail sector is expected to recover in the second half of 2020 boosted by local consumption, with sales likely to recover to 80 per cent of pre-COVID-19 levels in the fourth quarter from the 70 per cent currently, Minister in
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KLCI records net inflow after 25 weeks despite cautious global sentiment
KUALA LUMPUR: Despite cautious sentiment on the global economic outlook, the local equity market has rebounded to record a net foreign buying this week, after the 25th consecutive week of net foreign selling. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said
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MyGroser to tap US$300 bln worth of regional online groceries demand
KUALA LUMPUR: MyGroser is preparing itself for a regional expansion in the next three years to tap the annual US$300 billion worth of demand for online groceries. Co-founder and chief operating officer, Michele Malini Mahendra told Bernama that the online grocery store is
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