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China's Xiaomi to open six more Mi Stores in Malaysia

China's Xiaomi to open six more Mi Stores in Malaysia

Bernama KUALA LUMPUR: China-based consumer electronics maker Xiaomi plans to open six more Mi Stores in Malaysia next month, bringing the number of its authorised stores here to 10. Xiaomi South-Pacific Region head Steven Shi said the new stores would be located in Melaka, Johor Bahru, Alor Setar, Kota Kinabalu, and Seberang Prai. The existing […]

April 24, 2018 | By | Reply More
Bursa Malaysia reveals BURSASUSTAIN

Bursa Malaysia reveals BURSASUSTAIN

KUALA LUMPUR: Bursa Malaysia Bhd has launched BURSASUSTAIN, a comprehensive online portal designed as a one-stop knowledge and information hub on corporate governance (CG) and sustainability. BURSASUSTAIN was developed following extensive research, benchmarking and engagement with various stakeholder groups. Chief executive officer Datuk Seri Tajuddin Atan said BURSASUSTAIN demonstrated the bourse’s commitment to further elevate […]

April 24, 2018 | By | Reply More
EPF's investments amounts RM4.86b in 192 small and medium-cap companies

EPF's investments amounts RM4.86b in 192 small and medium-cap companies

KUALA LUMPUR: The Employees Provident Fund (EPF) has invested a total of RM4.86 billion in 192 small and medium capitalised stocks in Malaysia through both its internal and external fund managers. Malaysia’s premier retirement savings fund said the equities portfolio remains the largest contributor to its income.  As at end December 2017, the investment portfolio […]

April 24, 2018 | By | Reply More
PPC secures RM322m contract to build parcel 2 BBCC project  

PPC secures RM322m contract to build parcel 2 BBCC project  

KUALA LUMPUR: Putra Perdana Construction Sdn Bhd (PPC) recently secured a RM322 million contract from BBCC Development Sdn Bhd to construct the main building works of the Bukit Bintang City Centre (BBCC) – Parcel 2. In a statement released today, PPC said the project would be the cradle of lifestyle revolution, complementing the cosmopolitan grandeur […]

April 24, 2018 | By | Reply More
Nestle's Q1 net profit rises to RM231 mln

Nestle's Q1 net profit rises to RM231 mln

KUALA LUMPUR: Nestle (M) Bhd’s net profit for the first quarter ended March 31, 2018, increased slightly to RM231.21 million from RM230.687 million recorded in the same period last year. In a statement, Nestle said revenue rose by 4.2 per cent to RM1.42 billion compared with the previous year corresponding quarter’s RM1.37 billion, driven by […]

April 24, 2018 | By | Reply More
Sumatec signs MOA with CNPC-Liaohe, accepts offer from Talap Munai

Sumatec signs MOA with CNPC-Liaohe, accepts offer from Talap Munai

KUALA LUMPUR: Sumatec Resources Bhd (SRB) has signed a memorandum of agreement (MOA) with Liaohe Oilfield of CNPC, a subsidiary of China National Petroleum Corp (CNPC-Liaohe) on April 23, 2018. In a filing to Bursa Malaysia, it said CNPC-Liaohe would provide full technical service for a project, including sub-surface, drilling and production engineering works for […]

April 24, 2018 | By | Reply More
Malaysia's total external reserves surges US$2.2b to US$110.0b in mid-April 2018

Malaysia's total external reserves surges US$2.2b to US$110.0b in mid-April 2018

KUALA LUMPUR: Malaysia’s total external reserves surged US$2.2 billion to US$110.0 billion at mid-April 2018, the highest since end of February 2015, underpinned by capital, trade and corporate flows. Maybank IB Research said the latest tally is equivalent 7.7 months of retained imports and 1.1 times of short-term external debt. “Trade flows remain supportive of […]

April 24, 2018 | By | Reply More
Tasek Corp gears up for another challenging year

Tasek Corp gears up for another challenging year

KUALA LUMPUR: Cement manufacturer Tasek Corporation Bhd (Tasek Corp) expects 2018 to be as challenging as 2017 due to intense pricing pressure and ongoing soft property market. The group had in 2017 saw its profit freefall to RM1.01 million on the back of RM549.11 million, in comparison to the preceding year when it posted a […]

April 24, 2018 | By | Reply More
LG Electronics optimist on Malaysian consumers acceptance for its LG ThinQ

LG Electronics optimist on Malaysian consumers acceptance for its LG ThinQ

SEOUL: LG Electronics Inc, a South Korean multinational electronics company, is positive on Malaysian consumers acceptance on its recently launched artificial intelligence (AI) enabled appliances, thus significantly boosting sales in the next one to three years. LG Electronics (M) Sdn Bhd managing director KT Kim said it is a long journey to get consumers to […]

April 24, 2018 | By | Reply More
LG Electronics optimistic on Malaysian consumers acceptance for LG ThinQ

LG Electronics optimistic on Malaysian consumers acceptance for LG ThinQ

SEOUL: LG Electronics Inc, a South Korean multinational electronics company, is positive on Malaysian consumers acceptance on its recently launched artificial intelligence (AI) enabled appliances, thus significantly boosting sales in the next one to three years. LG Electronics (M) Sdn Bhd managing director KT Kim said it is a long journey to get consumers to […]

April 24, 2018 | By | Reply More