Latest
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Corporate News
DXN 4Q net profit jumps 43%
DXN Holdings Bhd’s net profit jumped by about 43% year-on-year (y-o-y) to RM79.02mil in the fourth quarter ended Feb 29, 2024, driven by stronger contributions from Latin America and India.
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Corporate News
Axis-REIT shows improved quarterly performance
Axis Real Estate Investment Trust (Axis-REIT) remains positive about the outlook of its current financial year, buoyed by its existing asset portfolio.
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Corporate News
KIP-REIT aims to scale up operations
KIP Real Estate Investment Trust (KIP-REIT) aims to scale up its operations and increase total assets under management to RM2bil in the next three years.
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Property
Optimistic outlook for Grade A premium offices
Malaysia’s multicultural talent pool, good building quality, competitive rental rates and transparent legal framework in the region continues to be the main factors in attracting multinational corporations (MNCs), says JLL Malaysia.
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Corporate News
Crest Builder unit bags RM486mil job
Crest Builder Holdings Bhd has won a RM486mil contract to build three blocks of condominiums in Mon’t Kiara.
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Corporate News
ITMAX’s new venture into smart township solutions a win
Hong Leong Investment Bank (HLIB) Research is positive about ITMAX System Bhd’s new venture in the development and deployment of smart city and smart integrated facilities and management solutions for townships and industrial parks.
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Corporate News
PepsiCo's first-quarter results beat as international demand drives growth
PepsiCo beat Wall Street expectations for first-quarter revenue and profit on Tuesday as demand for its sodas and snacks like Cheetos and Doritos in international markets drove growth even as it witnessed a slowdown in the United States.
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Corporate News
Spotify profits up, but lower marketing hits user growth
STOCKHOLM: Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the music streaming giant missed its forecast for monthly active users.
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Economy
Rafizi: Economy continues to strengthen along with Bursa Malaysia
KUALA LUMPUR: The rise in the country’s stock market index, namely the FTSE Bursa Malaysia KLCI (FBM KLCI), to its highest level this year at 1,567.57 points under the administration of the Unity Government led by the Prime Minister Datuk Seri Anwar Ibrahim, confirms that the Malaysian economy will continue to strengthen.
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Aviation
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) recorded the highest traffic across the 39 airports it manages locally, in the first quarter of 2024 (1Q24) at 21.8 million passengers since 2020, reaching 85.9% of 1Q19 traffic.
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Business
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
KUALA LUMPUR: The Iskandar Regional Development Authority's (IRDA) target to achieve cumulative investments of RM636 billion by 2030 is among Iskandar Malaysia's strategies to assist the country in becoming one of the top 30 global economies and the top 12 in global competitiveness.
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Corporate News
DXN Holdings net profit for FY24 rises to RM310.99mil
KUALA LUMPUR: DXN Holdings Bhd’s (DXN) net profit for the financial year ended Feb 29, 2024 (FY2024) rose to RM310.99 million from RM275.40 million in FY2023.
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Forex
Ringgit closes slightly lower against US dollar
KUALA LUMPUR: The ringgit closed slightly lower on Tuesday against the greenback after Asian foreign exchange (FX) markets displayed a mixed performance against the US dollar.
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Corporate News
Inta Bina bags RM170mil construction job
PETALING JAYA: Inta Bina Group Bhd has accepted a letter of award from Next Delta Sdn Bhd for the construction and completion of main building works at Pekan Country Heights, Selangor, worth RM169.67mil.
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Corporate News
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
KUALA LUMPUR: Petronas Gas Bhd (PGB) is committed to creating sustainable value from core businesses while pursuing growth.
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Corporate News
Crest Builder bags RM486mil condo job
PETALING JAYA: Crest Builder Holdings Bhd has won a RM486mil contract to build three blocks of condominiums in Mon’t Kiara.
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Corporate News
Axis-REIT optimistic of maintaining its current performance for FY24
PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) remains positive about the outlook of its current financial year, buoyed by its existing asset portfolio.
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Corporate News
KIP REIT aims for RM2bil AUM
KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) aims to scale up its operation and increase total assets under management to RM2bil in the next three years, according to chief executive officer Valerie Ong Pui Shan.
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Technology
ATX Semiconductor to boost investment in Melaka to RM952mil
MELAKA: ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka, over the next five years for its second-phase business expansion.
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Corporate News
Haily gets RM109.5mil residential construction job
PETALING JAYA: Haily Group Bhd has accepted a letter of award worth RM109.5mil from Mandy Corporation Sdn Bhd for the construction and completion of a residential project in Pontian, Johor.