PETALING JAYA: The palm oil market is expected to show a slightly positive price trend going into 2024, according to Malaysian Rating Corporation Bhd (MARC). In a statement, it said crude palm oil futures prices for the remainder of the year and going into 2024 are projected to range between RM3,700 and RM4,100 a tonne. … Read more
JOHOR BHARU: The world’s fourth-largest cocoa grinder Guan Chong Berhad recorded a 10.1% increase in net profit to RM33.9 million in the third quarter ended Sept 30, 2023 (3Q23), from RM30.8 million previously, driven by improved operating profit from its industrial chocolate segment in Germany. In 3Q23, operating profit from the Group’s industrial chocolate segment … Read more
PETALING JAYA: Heineken Malaysia Bhd reported a decline in revenue and net profit for the third quarter ended Sept 2023 (Q3’23) due to weak consumer sentiment driven by rising cost of living and macroeconomic concerns. Revenue in Q3’23 fell by 17% to RM599.66 million compared with RM720.47 million in Q3’22. Profit before tax (PBT) came … Read more
PETALING JAYA: Malaysia External Trade Development Corporation (Matrade), is debuting a customised Market Immersion Mission to Germany involving Malaysian mid-tier companies (MTC) to strengthen the country’s branding as a hub for sustainable sourcing in view of the Sustainability Due Diligence Act recently imposed by the European Union. The mission, which began on Sunday and runs … Read more
SEPANG: AirAsia has significantly increased its services between China-Malaysia and India-Malaysia, totalling an impressive 230 weekly flights starting in the first quarter of 2024, with up to 5.2 million seats per year. The significant increase in capacity via AirAsia Malaysia (airline code AK) and AirAsia X Malaysia (airline code D7) comes in response to the … Read more
SUNWAY: Sunway Group founder and chairman Tan Sri Sir Jeffrey Cheah has been named winner of this year’s EY Asean Entrepreneurial Excellence Award, which recognises successful Southeast Asian businesses that contribute to the economy and community in the region. “EY is one of the world’s most prestigious accounting and consulting firms, and I am humbled … Read more
PETALING JAYA: GP Batteries International Ltd, a battery expert for more than 50 years, is powering and trailblazing the way towards a sustainable future with the latest bronze medal award in the EcoVadis sustainability assessment for exemplary sustainable practices. EcoVadis is the world’s most trusted business sustainability assessment platform with over 1.6 million companies screened. … Read more
PETALING JAYA: Malaysia’s total trade for October 2023 amounted to RM239.5 billion with exports and imports totalling RM126.2 billion and RM113.3 billion, respectively, Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said. He said exports in October decreased RM5.8 billion (-4.4%) compared with the same month of the previous year. The drop was attributed … Read more
PETALING JAYA: Malaysia’s Tune Protect Group, a digital lifestyle insurer, is collaborating with True 5G (True Corporation Plc), the fastest growing digital telecom provider in Thailand, through associate company Tune Protect Thailand (Tune Insurance Plc) to offer True Tourist SIM. Available now until Jan 31, 2024, True Tourist SIM is not just a SIM card … Read more
PETALING JAYA: In a filing to Bursa Malaysia today, property developer Tropicana Corporation Bhd (Tropicana) reported its unaudited financial results for the third quarter ended Sept 30, 2023. For the quarter under review, Tropicana recorded revenue of RM402.8 million which was RM81.1 million or 25.2% higher when compared to the corresponding quarter in the preceding … Read more