Recent Articles

Petron posts RM100m net profit in 4Q17

Petron posts RM100m net profit in 4Q17

By NST Business   KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd (Petron) ended the year with a strong performance in the fourth quarter of 2017, posting a net profit of RM100 million driven by higher sales volumes of 9.1 million barrels. For full year 2017, Petron recorded a net profit of RM405 million, the […]

February 22, 2018 | By | Reply More
Axiata posts 76.9pc jump in net profit of RM1.2b for FY17

Axiata posts 76.9pc jump in net profit of RM1.2b for FY17

By LIDIANA ROSLI lidiana@nst.com.my   KUALA LUMPUR: Axiata Group Bhd (Axiata) posted a jump of 76.9 per cent in its profit after tax (PAT) to hit RM1.2 billion for the financial year ended 31 December 2017 (FY17), against last year’s RM657 million. This, the group said is despite significant losses from its associate companies and […]

February 22, 2018 | By | Reply More
Manufacturing industry to expand in the first half of 2018

Manufacturing industry to expand in the first half of 2018

By Hazwan Faisal Mohamad hazwanfaisal@nstp.com.my   KUALA LUMPUR: The manufacturing industry is projected to record a positive growth in the first half of this year, according to a survey by the Federation of Malaysian Manufacturers (FMM). A survey conducted together with the Malaysian Institute of Economic Research (MIER) involved 414 respondents who are FMM members […]

February 22, 2018 | By | Reply More
NY Steak Shack plans to expand to Kuwait, Japan

NY Steak Shack plans to expand to Kuwait, Japan

PUTRAJAYA: NY Steak Shack (NYSS), a casual-dining restaurant inspired by New York city, plans to expand its halal western food business empire internationally by opening branches in Kuwait and Japan. Branding General Manager, Muhammad Adam Mah said the restaurant’s business concept had attracted businessmen from Kuwait and Japan during their recent visit to Malaysia. “We […]

February 22, 2018 | By | Reply More
Lazada cuts commission to attract more local e-commerce entrepreneurs

Lazada cuts commission to attract more local e-commerce entrepreneurs

By NST Business   KUALA LUMPUR: Lazada Malaysia has implemented a zero per cent commission rate to all local sellers for products sold in the Fashion category, and a two per cent commission rate applicable to all other categories, excluding electronics and home appliances. The new measure introduced by Lazada Malaysia would empower new and […]

February 22, 2018 | By | Reply More
BNM international reserves at US$103.6b as at Feb 15

BNM international reserves at US$103.6b as at Feb 15

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves stood at US$103.6 billion (US$1=RM3.91) as at Feb 15, 2018 from US$103.7 billion on Jan 30, 2018. In a statement today, the central bank said the reserves were sufficient to finance 7.1 months of retained imports and were 1.1 times the short-term external debt. BNM said the […]

February 22, 2018 | By | Reply More
Petronas' subsidiary secures LNG contract to India

Petronas' subsidiary secures LNG contract to India

KUALA LUMPUR: Petronas’ subsidiary, Petronas LNG Ltd (PLL), marked a new milestone with the signing of a sale and purchase agreement (SPA) with H-Energy Mideast DMCC (HEMD), its first-term liquefied natural gas (LNG) contract to India. Managing Director Ezhar Yazid Jaafar, in a statement today, said the agreement was in line with Petronas’ growth strategy […]

February 22, 2018 | By | Reply More
EU ban will not impact CPO prices: Sime Darby Plantation

EU ban will not impact CPO prices: Sime Darby Plantation

KUALA LUMPUR: Sime Darby Plantation Bhd, which saw its net profit jump 34% for the second quarter ended Dec 31, 2017 (Q2’18), does not see the demand for palm oil falling and affecting palm oil prices in the event of a ban by the EU. Sime Darby Plantation is the world’s largest oil palm plantation […]

February 22, 2018 | By | Reply More
EU ban will not impact CPO prices: Sime Darby Plantation

EU ban will not impact CPO prices: Sime Darby Plantation

KUALA LUMPUR: Sime Darby Plantation Bhd, which saw its net profit jump 34% for the second quarter ended Dec 31, 2017 (Q2’18), does not see the demand for palm oil falling and affecting palm oil prices in the event of a ban by the EU. Sime Darby Plantation is the world’s largest oil palm plantation […]

February 22, 2018 | By | Reply More
Sime Darby Plantation looking to buy India edible oil firm

Sime Darby Plantation looking to buy India edible oil firm

KUALA LUMPUR: Sime Darby Plantation Bhd has submitted an expression of interest (EOI) to buy a stake in India’s ailing Ruchi Soya Industries Ltd. Sime Darby Plantation executive deputy chairman and managing director Tan Sri Mohd Bakke Salleh confirmed the EOI, but added that it is still subjected to due diligence and other steps before […]

February 22, 2018 | By | Reply More