BusinessToday's Trending Stories
CelcomDigi Record FY23 PAT Of RM1.56 Billion, Declares Fourth Dividend
CelcomDigi Berhad saw its fourth quarter results make a significant jump while its full year results for the Financial Year 2023 (FY2023) also delivering strong growth performance in line with its 2023 guidance.
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CNBLUE Back To Malaysia Stage After 10-Years This April
South Korean pop-rock band CNBLUE is set to make their long-awaited return to Malaysia after nearly a decade! Organized by Hit Maker Entertainment and Lo-Fi Entertainment, the 2024 CNBLUE Live ‘CNBLUENTITY’ concert will take place at Mega Star Arena, KL on Saturday, 20 April 2024 at 8:00pm.
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UMW Toyota Unveils Roadmap For Carbon Neutrality By 2050
UMW Toyota Motor unveiled its Beyond Zero initiative, aligning with the group’s parent Toyota’s pursuit of Carbon Neutrality by 2050.
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Hong Leong AM Announces Its First Islamic PRS
Hong Leong Asset Management Bhd (Hong Leong AM) has announced the launch of its first Islamic Private Retirement Scheme (PRS) called the Hong Leong PRS – Islamic. Managed by Hong Leong Islamic Asset Management Sdn Bhd, this PRS offers a new option for investors to supplement their mandatory scheme savings, addressing the challenge of retirement planning in Malaysia.
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Msia’s Trade Rebounds Strongly By 13.3% In January To RM234.73 Billion
Malaysia Trade agency, MATRADE reported January’s trade data indicating a strong rebound with a double-digit expansion by 13.3% to RM234.73 billion after registering 10th consecutive month of year-on-year (y-o-y) contraction. According to the agency, exports edged up by 8.7% to RM122.43 billion and imports increased by 18.8% to RM112.3 billion. This was also the highest monthly value recorded for the month of January. Meanwhile, trade surplus amounted to RM10.12 billion and marked the 45th consecutive month of trade surplus since May 2020.
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RAM Affirms YTL Corp’s AA1 Rating, Reflecting Its Solid Business Profile
RAM Ratings has affirmed the AA1 rating of YTL Corporation Berhad’s RM2 bil Medium-Term Notes (MTN) Programme (2013/2038) as well as the AA1/Stable/P1 ratings of its RM5 bil Commercial Papers Programme and MTN Programme (2019/2044).
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Hup Seng FY23 Results Beat Expectations
Hup Seng Industries reported FY23 core PATANCI of RM45.8m, after excluding a onetime item of RM0.7m. MIDF said the results exceeded both its consensus full-year FY23 core PATANCI, accounting for 107% and 109% of the street’s. The house noted that the positive deviation was mainly due to the lower-than-expected raw material input costs, which raised the core PATANCI.
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Dayang Looks To A Record 2024; CGS-CIMB Raises Target Price, Forecasts
CGS-CIMB believes that Dayang Enterprise Holdings Berhad (DEHB) is looking to a record year in 2024 and sees further upside potential for the stock despite its 84% share price gain since June 2023.
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China Central Bank Cuts Benchmark Lending Rate To Boost Economy
China’s central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost flagging growth and counter rate hikes in other major economies.
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SC Charges Former Remisier For Defrauding And Operating Without License
The Securities Commission Malaysia has charged former remisier, Peter Chuah Hock Heng with defrauding an investor and engaging in unlicensed capital market activities.
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