BusinessToday's Trending Stories
AirAsia X Makes History With Inaugural Flight To Almaty, Kazakhstan
AirAsia X (AAX) proudly embarked on its pioneering journey into Central Asia with the launch of its direct flight to Almaty, Kazakhstan, marking a historic milestone in Southeast Asian aviation. The inaugural flight signifies AAX’s status as the first airline from the region to establish a direct air link to Almaty, Kazakhstan’s dynamic commercial and cultural hub.
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MACC Goes After BRDB’s Akbar Khan Over Allegations On Money Laundering
Singaporean businessman and prominent Malaysia property developer Dato Akbar Khan is under investigation on allegations of money laundering and corruption by the Malaysian Anti-Corruption Commission (MACC).
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CIMB Welcomes Sivasangari Subramaniam As New Sporting Ambassador
CIMB Group Holdings Berhad (“CIMB or the Group”) announced today the addition of professional squash player Sivasangari Subramaniam to its esteemed roster of sporting ambassadors, emphasising its dedication to nurturing home-grown talent. Sivasangari joins track cyclist Datuk Azizulhasni Awang and professional golfer Ervin Chang in CIMB’s lineup of elite athlete associations.
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Fahmi Launches TM’s e-Farmasi Solution To Enhance Healthcare Services
Communications Minister Fahmi Fadzil launched Telekom Malaysia (TM) new solution to enhance healthcare services, e-Farmasi.
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UCrest Sign Deal To Digitalise Mediprima Clinics Nationwide
UCrest has entered into a Business Partnership Agreement with Mediprima Healthcare (M) Sdn. Bhd. to digitalize the clinics with digital health, integrate Artificial Intelligence and Internet of Medical Things into the medical services.
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Is The Worst Over For The Tech Sector?
The technology sector’s earnings delivery improved in the recently-concluded 4QCY23 reporting season sequentially with 23%, 62%, and 15% of companies under coverage coming in above, within and below forecasts, vs.15%, 38%, and 47% during the last quarter, respectively. According to Kenanga it believes the improvement could be attributed to a combination of seasonality and potentially the start of a cyclical upturn.
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Bridge Data Centres Looks At TNB As Energy Partner In Johor
Bridge Data Centres International Pte Ltd is looking at Tenaga Nasional Berhad as its energy supply partner after it signed a supplementary agreement surrounding its upcoming data center in Malaysia.
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ONEUS Announces Debut Concert In Malaysia For ‘La Dolce Vita’ World Tour This May
Malaysian fans of K-pop sensation ONEUS are in for an unforgettable experience as the renowned South Korean boy band gears up to make their debut concert appearance in Malaysia as part of their highly anticipated 2nd World Tour, ‘La Dolce Vita’.
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Avaland Revenue Visibility Clear With Sizeable Project Launches
Avaland ended 2023 on a strong note, delivering a RM608m revenue and RM63m core net profit, its highest since 2018. The better performance was largely driven by the better construction progress for its ongoing developments. In tandem with the higher revenue, full year 2023 EBITDA margin rose 1.1ppts YoY to 19.5% attributable to the better operational efficiency.
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Technology: Seasonality And Cyclical Uptick
The Technology sector’s earnings delivery improved in the recently-concluded 4QCY23 reporting season sequentially with 23%, 62%, and 15% of companies under Kenanga’s coverage coming in above, within and below forecasts, vs. 15%, 38%, and 47% during the last quarter respectively.
Read the full article here.