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#MYCYBERSALE 2017 Breaks Records and Barriers

#MYCYBERSALE 2017 Breaks Records and Barriers

(photo) Chin Chee Seong, Chairman of PIKOM Malaysia’s biggest online sale event, #MYCYBERSALE 2017 set a new record of achieving a gross merchandise value (GMV) of RM322 million (mn), exceeding the RM300 mn target. The GMV is defined as total revenue generated during the five-day sales period before taking into account discounts. Datuk Yasmin Mahmood, CEO […]

November 24, 2017 | By | Reply More
BNM: No plans to set up cryptocurrency exchange

BNM: No plans to set up cryptocurrency exchange

KUALA LUMPUR: Bank Negara Malaysia (BNM) has categorically stated that there are no formal plans to establish nor appoint an official cryptocurrency exchange in Malaysia. In a statement today, BNM said the article, published by Malaysian Reserve, titled, “Govt may appoint an official cryptocurrency exchange”, was speculative in nature and its statement implying that the […]

November 24, 2017 | By | Reply More
US$2.5 billion Worth MoUs Exchanged During 13th WIEF

US$2.5 billion Worth MoUs Exchanged During 13th WIEF

Over 2,500 participants including world leaders, captains of industry and economic experts gathered at the 13th edition of the World Islamic Economic Forum (WIEF) that was themed ‘Disruptive Change: Impact and Challenges’. The forum was meant to address the impact and challenges of disruptive changes across the breadth of industries, technology and politics for a […]

November 24, 2017 | By | Reply More
UMW O&G swings back to the black in Q3

UMW O&G swings back to the black in Q3

PETALING JAYA: UMW Oil and Gas Corp Bhd (UMW O&G) swung back to the black in the third quarter ended September 30, with a net profit of RM3.37 million against the net loss of RM135.43 million recorded in the same period last year on the back of higher revenue supported by the stabilising crude oil […]

November 24, 2017 | By | Reply More
Supermax GMD sentenced to 5-year jail term for insider trading

Supermax GMD sentenced to 5-year jail term for insider trading

KUALA LUMPUR: Supermax Corp Bhd group managing director Datuk Seri Stanley Thai Kim Sim has today been sentenced to a five-year jail term and RM5 million fine for insider trading. The offence was committed when Thai was the chief executive officer of APL Industries Bhd (APLI). He was convicted alongside former remisier Tiong Kiong Choon, […]

November 24, 2017 | By | Reply More
Icon Offshore's earnings plummet 90.4% due to higher cost of sales

Icon Offshore's earnings plummet 90.4% due to higher cost of sales

PETALING JAYA: Icon Offshore Bhd’s net profit plunged 90.4% to RM205,000 for the third quarter ended September 30, 2017 versus RM2.15 million in the previous corresponding period, dragged down by higher cost of sales arising from additional cost of new accommodation work barge vessel. Its revenue declined 7.7% from RM63 million to RM58.13 million, due […]

November 24, 2017 | By | Reply More
Ringgit retreats to end lower against dollar

Ringgit retreats to end lower against dollar

KUALA LUMPUR: The ringgit retreated to end lower against the US dollar today, after five consecutive days of massive gains, dealers said. At 6pm, the local unit ended at 4.1155/1185 against the greenback from 4.1050/1100 on Thursday. A dealer said the ringgit had run its course after five consecutive days of gains and could be […]

November 24, 2017 | By | Reply More
Bursa Malaysia finishes on easier note

Bursa Malaysia finishes on easier note

KUALA LUMPUR: Bursa Malaysia closed easier today, weighed by uncertainties in the US surrounding the impending increase in interest rates and tax reform plans. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 4.04 points to end at 1,717.23 from Thursday’s finish of 1,721.27. It opened 1.22 points easier at 1,720.05 and moved between […]

November 24, 2017 | By | Reply More
Alam Maritim’s Q3 net loss widens to RM10.8m on low utilisation rate

Alam Maritim’s Q3 net loss widens to RM10.8m on low utilisation rate

PETALING JAYA: Alam Maritim Resources Bhd’s net loss widened to RM10.8 million in the third quarter ended Sep 30, 2017, from RM2.12 million in the previous corresponding quarter. In a filing with Bursa Malaysia, the group said the performance of its offshore support vessels (OSV) segment was adversely affected by lower utilisation rate of chartered […]

November 24, 2017 | By | Reply More
KNM sees higher profit in Q3

KNM sees higher profit in Q3

PETALING JAYA: KNM Group Bhd saw its net profit for the third quarter ended September 30, 2017 rise 17.4% to RM1.31 million from RM1.12 million a year ago, thanks to higher gross profit. However, its revenue declined 15.4% to RM347.52 million from RM410.65 million. KNM told Bursa Malaysia that it anticipates the outlook for financial […]

November 24, 2017 | By | Reply More