BusinessToday's Trending Stories
Tengku Zafrul Confident On Achieving Malaysia’s Set National Trade, Investment Targets For 2024
The government is optimistic that the trade and investment targets set for this year are achievable despite the ringgit’s current depreciation against the US dollar, as many other major fundamentals remain attractive and appealing to global investors.
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Labour Productivity Rises 0.7% In 4Q 2023, Registering RM43.5 Per Hour: DOSM
Malaysia’s labour productivity posted a positive growth of 0.7 per cent in the fourth quarter of 2023 with total hours worked increased 2.3 per cent to register 9.4 billion hours, as reported by the Department of Statistics Malaysia (DOSM) in its of Labour Productivity Statistics, Malaysia, Fourth Quarter of 2023 release today (Feb 22).
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Axiata Reports Loss Of RM1.99 Billion For 2023
Axiata Group Berhad today announced financial results for its fourth quarter and fiscal year 2023 recording revenue of RM5.7 billion a slight increase from the previous year’s quarter of RM5.4 billion, however the group recorded a loss of RM695 million as compared to an RM9.9 billion profit for Q4FY22.
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SDP Takes A Hit From Lower CPO Price, FY23 PAT Down 25% To RM1.86 Billion
Sime Darby Plantation Berhad registered a net profit of RM200 million in the fourth quarter of the financial year ended 31 December 2023 (4Q FY2023) bringing its full year net profits for FY2023 to RM1.86 billion, this however was lower compared to FY2022 when it registered RM562 million and RM2.48 billion respectively.
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Maxis FY23 Revenue Surpasses RM10 Billion, PAT Dips Slightly To RM993 Million
Maxis reported its fourth quarter and full year financial results for 2023, with the group recognising a drop in profit after tax from RM233 million to RM56 million, revenue however was higher at RM2.74 billion against RM2.55 billion recorded in Q4FY22.
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Gentari Launches Gentari Go Platform For Sustainable Living, To Expand This Year
Gentari Sdn Bhd, via its subsidiary Gentari Green Mobility Sdn Bhd, has introduced Gentari Go, a customer experience platform aimed at promoting a sustainable lifestyle by integrating Gentari’s clean energy ecosystem. Initially activated in Malaysia, Gentari Go plans to expand its reach to Southeast Asia and India in 2024.
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TNB Plans To Turn Hydro Dam Lakes Into Floating Solar Farms
Looking to use large water surface area for potential solar energy generation, Tenaga Nasional Berhad is embarking on HHFS Photovoltaic (PV) projects under National Energy Transition Roadmap at its hydro dam reservoirs.
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BYD Launches New EV Model ‘SEAL’ In Malaysia, Zafrul Highlights Shift Towards Sustainable Mobility
BYD launched their latest EV model, SEAL today (Feb 22), officiated by the Minister of Investment, Trade and Industry, Tengku Datuk Seri Utama Zafrul Aziz. The Minister spoke at the launching ceremony of BYD’s latest model, SEAL, emphasising the pivotal role of such developments in reshaping Malaysia’s automotive landscape.
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Eastspring Appoints New Chief Investment Officer
Eastspring Investments has announced the appointment of Vis Nayar as Chief Investment Officer, effective 3 June 2024.
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Singapore’s UOB Revises Down 2024 Loan Growth, Q4 Profit Beats Forecasts
Singapore’s United Overseas Bank (OTC:UOVEY) (UOB) on Thursday cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22% jump in fourth quarter net profit.
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