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Friday, June 21, 2019

Ranjit Singh

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Sime Darby Plantation’s pretax profit plunges on lower CPO prices

Plantation giant suffers 64% decline in pretax profit to RM125 million for the first quarter of 2019 financial year.

FGV to focus more on downstream activities due to weak CPO...

The company recorded a profit before interest and tax of RM78 million in the first quarter of the year, a 19% decline compared with the previous corresponding period.

Ambank net profit up 33% to RM1.5 bil

Ambank Group CEO Sulaiman Mohd Tahir says the excellent results for financial year 2019 show its transformation strategy is beginning to bear fruit.

IHH announces retirement of CEO, refinancing of Turkish debt

Asia's largest healthcare company chalks up RM1.03 billion after-tax profit for FY18.

Gaji lebih tinggi melalui latihan teknikal

Kerajaan menyedari bahawa gaji minimum RM1,100 adalah tidak mencukupi untuk menampung kehidupan pekerja.

Higher wages through more technical training

Skills training centres may be opened after hours, says human resources minister Kula Segaran.

Sime Darby’s easy tool to check source of palm oil

The plantation giant is the first to use such a tool which allows anyone to go online and trace the source of the palm oil to ascertain if it has contributed to deforestation.

Huawei phones here unaffected by Google’s action, says telco

The telecommunications company says Google’s move to cut off Android licence does not affect its Huawei phone offerings.

Musim Raya boleh tingkat jualan kereta, kata badan penyelidik

AAM menjangka jualan kereta lebih tinggi pada Mei dan Jun berikutan kempen promosi sempena musim perayaan Hari Raya.

Raya season should boost car sales, says research house

Ambank Research says car sales are within the projection of 603,000 units for 2019 but challenges lie ahead.

Penganalisis ingatkan nilai ringgit akan terus susut berbanding dolar AS

Potongan kadar faedah BNM tidak banyak membantu merangsang ekonomi kerana aras pendapatan sedia rendah.

Analyst warns of further slide as ringgit hits 1-year low against...

Pong Teng Siew says Bank Negara's move to cut interest rates will not do much to spur the economy as income levels are low.

Digi records RM366 million after-tax profit for Q1 FY2019

Revenue registered for Q1 was RM1.44 billion.

Tariff war sends KLCI below 1,600-point psychological level

US President Donald Trump's 25% tariff on Chinese goods causes jitters on Bursa Malaysia.

Local contractors invited to bid for 40% of ECRL civil works

A pre-qualification exercise will be held at the end of May to shortlist candidates.

No need for a government-run national airline, says don

It can be sold to foreigners with a condition to keep the Malaysia Airlines name.

Bank Negara cuts interest rate in bid to manage economy

University Malaya professor says the Overnight Policy Rate cut to 3% is to counter a slowing economy.

McDonald’s Malaysia eyes sales of RM3 billion in 2019

This follows a record 19% growth in sales the year before.

MAHB registers record profit after tax of RM727.3 mil for FY18

The airports operator hopes to replace the baggage handling system and aerotrains at KLIA.

Transaksi hartanah meningkat sedikit pada 2018, kata Guan Eng

Terdapat 313,710 transaksi hartanah pada 2018 bernilai RM140.3 bilion yang menunjukkan kenaikan dari segi jumlah nilai berbanding 2017.

Uptick in 2018 property transactions, says Guan Eng

The finance minister says the volume and value of property transactions in 2018 rose 0.6% and 0.3% from 2017.

Malaysia’s online hiring up 16%, led by IT and ISP sectors

Software, hardware and telecoms are the job roles with highest demand, according to Monster Employment Index.

Fintech start-up to push for lower cheque processing fee at global...

Paymatic (M) Sdn Bhd, which has been chosen to represent Malaysia at the summit, hopes to promote a solution that could reduce the cost of processing cheques from RM4 to RM0.50.

World Bank sees 4.7% growth for economy in 2019

Lead economist Richard Record says the country's fundamentals are sound.

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