BusinessToday's Trending Stories
Ericsson, DNB Formalise Plans To Work On 5G Advanced
Ericsson and Digital Nasional Berhad has formalised their plans to collaborate on 5G Advanced which delivers a new paradigm of 5G connectivity, that brings significant enhancements to network performance, sustainability and intelligence.
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Public Bank Reports Solid FY23 Earnings, Pays Out RM3.69 Billion In Dividend
For the financial year 2023, the Public Bank Group achieved a pre-tax profit of RM8.54 billion and net profit attributable to shareholders of RM6.65 billion which was slightly higher compared to RM6.1 billion.
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Farm Fresh Generating Income From New Business
Farm Fresh Berhad announced its financial results for the third quarter ended 31 December 2023 reporting a revenue of RM211.6 million which was 30.5% higher compared to the corresponding quarter, and a 6.7% growth compared to the preceding quarter. The upsurge it said was contributed from the hotel, restaurant and cafe distribution channel, higher sales volume coming from UHT products as well as contributions from Inside Scoop Sdn Bhd and Sin Wah Ice Cream Sdn Bhd.
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Exports Of Nine States Rose In Jan With Penang Being Top Exporter Followed By Johor, Selangor: DOSM
Malaysia’s total trade for January 2024 amounted to RM234.7 billion with exports and imports recorded RM122.4 billion and RM112.3 billion, respectively as reported today (Feb 28) in the Department of Statistics Malaysia (DOSM) Export Import Statistics By State January 2024.
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Maybank Wraps FY23 With Profit Surging 17.5% To RM9.3 Billion
Maybank Berhad released it financial year ending 2023 results with the group posting profit after tax and zakat attributable to equity holders of RM9,349.8 million for the financial year ended 31 December 2023, an increase of RM1,389.3 million or 17.5% as compared to the previous corresponding financial year ended 31 December 2022.
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MITI Proposes One-Time Subsidy To Drive EV Adoption Among M40
Acknowledging the cost barrier hindering widespread EV adoption, Minister of Investment, Trade and Industry (MITI) Deputy Minister Liew Chin Tong outlined a comprehensive strategy to incentivise EV ownership. Central to this initiative is the proposed One-Time Subsidy, tabled during a recent NEVSC meeting.
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Govt To Reassess Target Of 10,000 EV Charging Stations By 2025
Minister of Investment, Trade and Investment Deputy Minister Liew Chin Tong said the government is reevaluating the feasibility of achieving the target of 10,000 electric vehicle (EV) charging stations operating in the country by 2025, considering the current low adoption rate of EVs among consumers.
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Velesto’s 4Q23 Results Sees Strongest Quarter In 9 Years, Maybank IB Says Buy
Velesto Energy Berhad (Velesto) 4Q23 results was a major beat relative to Maybank IB’s results preview on Jan 15.
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Resorts World Genting Closes Two Iconic Gaming Zones
Resorts World Genting closes the Circus Palace and Hollywood gaming zones, paving the way for a modernised gaming experience at the SkyCasino. The gaming group posted the announcement on the Resorts World Genting website, stating that Genting Casino 1 (Circus Palace) and Genting Casino 2 (Hollywood) will be closed with effect from today (Feb 28).
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Lee Swee Kiat Hopeful Of Export Market
Mattress maker Lee Swee Kiat Group Bhd announced its financial results for the fourth quarter and the full year ended 31 December 2023, the quarter under review, LSK reported a revenue of RM34.21 million, reflecting a slight decrease of 3.2% compared to RM35.35 million in the corresponding quarter of the previous year. However, the profit before tax for the same quarter increased by 33.4%, reaching RM5.20 million, up from RM3.90 million in the previous year’s corresponding quarter. The Group’s profit after tax also experienced an impressive rise, reaching RM4.12 million, translating to a surge of 155.6%.
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