BusinessToday's Trending Stories
HIL Industries’ FY23 Results Beats Expectations; Kenanga Maintains Market Perform
HIL Industries Bhd’s (HIL) results for the financial year ended 31 December 2024 (FY23) beats Kenanga Research’s expectation, as its core net profit rose 77% year-on-year (YoY), driven by strong auto parts sales to Perodua and higher property profits.
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Waste-to-Energy: Is There A Better Alternative To Incineration?
By Chia Chu Hung is a Research Assistant at EMIR Research, an independent think tank focused on strategic policy recommendations based on rigorous research.
Malaysia still heavily relies on landfilling as its primary waste disposal method, posing ongoing challenges in waste management. A 2023 report shows Malaysia sends 38,000 metric tonnes of solid waste daily to over 100 landfills, expected to run out of space by 2050. Thus, it is imperative for us to implement effective waste management to avoid a future without space for trash disposal.
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PM Anwar Launches TRX As Malaysia’s International Financial Centre
The Prime Minister, Datuk Seri Anwar bin Ibrahim, today announced the launch of Tun Razak Exchange (TRX) as Malaysia’s International Financial Centre.
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MAFS Mega Agriculture Expo Returns
The PAKAR Pertanian Expo is preparing to showcase its latest innovations and sustainable practices in the agriculture industry. Malaysia’s Minister of Agriculture and Food Security, Datuk Seri Haji Mohamad bin Sabu, will inaugurate the event, which is in its second edition, taking place from March 1st to 3rd at MAEPS Serdang, Selangor.
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HDC, Japan Halal Association To Enhance Halal Certification
The Halal Development Corporation Berhad (HDC) has recently signed Memorandum of Understanding (MoU) with Japan Halal Association (JHA). The collaboration aims to enhance Halal infrastructure and certification in Japan.
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Sime Darby Property Achieves Highest Earnings Since Demerger
Sime Darby Property Berhad concluded its fiscal year ended 31 December 2023 with its highest post-2017 demerger revenue and operating profit, reaching RM3.4 billion and RM606.4 million, respectively. This marks its second consecutive year of exceptional results following its commendable FY2022 record of RM436.2 million operating profit.
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Automotive Sector In Neutral YoY Growth In TIV In Jan 2024
New vehicle sales in Malaysia, also known as total industry volume (TIV), came in at 65,499 units in Jan 2024 (-16% MoM, +31% YoY), eased MoM against a seasonally high base in Dec 2023, but remained on a growth trajectory YoY.
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Nvidia Hits RM1,323.36 Billion In Stock Market Value In Wall Street’s Biggest One-Day Gain In History
Nvidia added USD277 billion (RM1,323.36 billion) in stock market value on Feb 22, Wall Street’s largest one-day gain in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fuelled by optimism about artificial intelligence (AI).
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Taylor Swift Effect: Singapore Hotels, Airlines See Up To 30% Spike In Regional Demand For 6 Sell-out Shows
American pop star Taylor Swift has yet to arrive but the knock-on effects of her upcoming stop in Singapore are already being felt and are likely to be wide-ranging.
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Hang Seng Index Futures: Firming Up Above The 50-Day SMA Line
The HSIF charted a fresh “higher high” during Thursday’s session, rising 275 pts to close stronger at 16,767 pts.
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