Items filtered by date: February 2017

RESTON, Va., Feb 28 - More than half of graduate business school alumni are currently employed in an industry or job function they did not have experience in prior to entering business school, according to a report released today by the Graduate Management Admission Council (GMAC), a nonprofit organisation of leading graduate business schools. 

Findings from the Council’s 2017 Alumni Perspectives Survey show that 2 in 5 (39 percent) alumni currently work in an industry they hadn’t considered prior to starting business school; they learned of the opportunity while enrolled in a graduate business program, with 88 percent sharing that they are satisfied with their job and employer.

Published in FEATURES
Tuesday, 28 February 2017 10:11

Eversendai Confident of Upward Profit Trend

Kuala Lumpur, Feb 28 - Eversendai Corporation Bhd recorded a revenue of RM1.57 billion and a pre-tax loss of RM248.0 million for the yr ended December 2016. 

The losses incurred during the 2016 financial year were mainly due to impairment on fair value of financial assets, provision of doubtful debts, higher costs resulting from delay in project funding as well as low utilisation of the fabrication facility due to exceptionally slow recovery of the oil and gas industry.

Published in MARKETS

Kuala Lumpur, Feb 28 - Malaysia's leadership role in developing the Halal industry marked a major milestone today with the signing of a strategic collaboration agreement between the Halal Industry Development Corporation (HDC) and AJ Pharma Holdings to promote cooperation in Halal healthcare initiatives.

The Memorandum of Understanding (MoU) was signed by Halal Industry Development Corporation (HDC) represented by Datuk Seri Jamil Bidin, Chief Executive Officer and AJ Pharma Holdings represented by Dr. Tabassum Khan, Managing Director. The MoU exchange was witnessed by Datuk Seri Mustapa Mohamed, the Minister of International Trade and Industry and Dr. Ghassan Ahmed Al-Sulaiman, Governor of Small and Medium Enterprise Authority of Saudi Arabia.

Published in GENERAL

Kuala Lumpur, Feb 28-  The leading web hosting services and eCommerce solutions provider in Malaysia, The Exabytes Group has announced its latest acquisition of HT Internet Sdn Bhd. 

The 100% acquisition of HT Internet is a strategic move to offer more comprehensive Online Solutions to its customers as a group.

Published in GENERAL

Kuala Lumpur, Feb 28– The Saudi Arabian Oil Company (Saudi Aramco) and Petroliam Nasional Berhad (PETRONAS) today signed a Share Purchase Agreement (SPA), allowing Saudi Aramco’s equity participation in PETRONAS’ Refinery & Petrochemical Integrated Development (RAPID) project in the southern Malaysian state of Johor.

Witnessed by the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud and the Datuk Seri Najib Tun Abdul Razak, Prime Minister of Malaysia, the agreement was signed by Amin H. Nasser, President and CEO, Saudi Aramco and Datuk Wan Zulkiflee Wan Ariffin, President & Group CEO, PETRONAS.

Published in CORPORATE
Monday, 27 February 2017 12:40

Scomi Group Revenue Rises 27%

Petaling Jaya, Feb 27 - Scomi Group Bhd posted a revenue of RM224.6 million for the quarter ended 31 December 2016 (Q3 FY2017), up from RM176 million in the previous quarter ended 30 September 2016 (Q2 FY2017). 

Its Oilfield Services (“OFS”) unit contributed 56% of the total revenue, while Transport Solutions and Marine Services accounted for 25% and 19% respectively. 

Published in MARKETS
Monday, 27 February 2017 12:36

Cahya Mata Sarawak Reports Stable Earnings

Kuching (Sarawak), Feb 27 -  Cahya Mata Sarawak Bhd (CMSB), the State’s leading infrastructure facilitator, reported a total revenue of RM1.55 billion and pre-tax profit (PBT) of RM302.14 million for FY2016. Revenue and PBT decreased by 13% and 22% in comparison to the preceding year’s (FY2015) record result of RM1.79 billion and RM388.60 million.

 The Group, however, recorded a strong recovery in profits during the second half of 2016 (2H2016) with PBT of RM236.47 million in comparison to the first half of 2016’s (1H2016) PBT of RM65.67 million.

Published in MARKETS

Kuala Lumpur, Feb 27 -  Zurich Takaful Malaysia Bhd has recently launched Takaful SeniorGold, a family takaful plan that is designed to offer valuable protection to those in the 50 to 80 years age group with contribution from as low as RM50 per month.

 “At Zurich, we aim to help our customers understand and protect themselves from risks. As life post-retirement often comes with a whole new set of challenges including a significant reduction or loss of regular income, we took note of the need to develop affordable takaful solutions to help retirees as well as adults with retired parents mitigate the risk of financial setbacks due to unexpected events,” says Salim Majid Zain, Chief Executive Officer of ZTMB.

Published in GENERAL

Kuala Lumpur, Feb 27 – Decathlon Malaysia’s sales have tripled in the first nine months of operation, exceeding its expectations. Its current premise has a staff strength of 90 employees. 

Buoyed by the reception, the French-based world's largest sporting goods retailer, is further enlarging its current premise as well as expanding in other areas in the Klang Valley, namely in Subang Jaya and Shah Alam in 2017 and 2018 respectively.

Published in GENERAL
Monday, 27 February 2017 12:19

RHB To Facilitate Entrepreneurs Development

Kuala Lumpur, Feb 27 – RHB Islamic Bank signed a Memorandum of Understanding with Institut Keusahawanan Negara (INSKEN), which is under the purview of Unit Peneraju Agenda Bumiputera (TERAJU), to promote entrepreneurial learning and development programmes and initiatives, co-operating in utilising expertise, resources and facilities for future co-branding programmes. 

Datuk Adissadikin Ali, Managing Director/Chief Executive Officer (CEO) of RHB Islamic Bank said at the signing of MOU, “Being the first financial institution to collaborate with INSKEN, we are honoured to play a part in grooming and upscaling SMEs via this entrepreneurial development programme. In fact, we have embarked on a series of networking cum clinic sessions at various Economic Corridors including Sabah and Sarawak as part of the Group’s outreach commitment in supporting TERAJU to meet its objective.”

Published in CORPORATE
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