Items filtered by date: May 2017

Eastspring Investments Bhd on 29 May 2017 announced the gross income distribution for Eastspring Investments Asian High Yield Bond MY Fund. The Fund is a wholesale feeder fund which aims to maximise income and capital appreciation by investing in the Eastspring Investments-Asian High Yield Bond Fund (Target Fund), which invest primarily* in Asian high yield bonds.

Published in MARKETS
Wednesday, 31 May 2017 11:02

The New Samsung Galaxy Tab S3 IS Out Now

Samsung Malaysia Electronics yesterday announced the availability of Galaxy Tab S3, a stylishly designed tablet with advanced computing technology offering a premium mobile experience. 

Equipped with an S Pen designed to feel and write like your favourite ball pen, the Galaxy Tab S3 delivers versatile usage as a productivity tool, without needing to recharge. 

Published in GENERAL

Global labeling and packaging materials manufacturer Avery Dennison Corporation commissioned a high speed hot melt adhesive coating line at its manufacturing facility in Bangi, Malaysia. 

This latest investment is primarily designed to serve the company’s customers’ in Southeast Asia, Australia and New Zealand regions.

Published in GENERAL

Allianz Malaysia Berhad (AMB) Group announced that it recorded a total of RM1.12 billion in Group’s Gross Written Premiums (GWP) from January to March this year as compared to RM1.07 billion last year; a 4.1 percent increase. 

The Group’s Total Assets grew 8.9 percent to RM15.38 billion in the first three months of 2017 as compared to RM14.12 billion last year while Profit Before Tax stood at RM108.7 million in the first three months of 2017 as compared to RM115.0 million in the first three months of 2016.

Published in CORPORATE

KSK Land Sdn Bhd (KSK Land), developer of 8 Conlay, recently launched the Kempinski Discovery Platinum Card exclusively for all owners of YOO8 serviced by Kempinski at a special appreciation night for purchasers which doubled up as the celebration for Kempinski’s 120th anniversary.

YOO8 serviced by Kempinski is the branded residence component of 8 Conlay, an integrated luxury development with a gross development value around RM 5.4billion. More than 70 purchasers attended the glamorous anniversary celebration themed ‘Ignite The Night’, held at the 8 Conlay Signature Sales Gallery, some flying in from overseas.

Published in GENERAL
Tuesday, 30 May 2017 10:54

Puntung’s Condition A Lesson For All

The dire straits of the Sumatran rhinoceros which is on the brink of extinction, especially with the devastating news of Puntung, should be a lesson for all.

Yayasan Sime Darby (YSD) Chairman Tun Musa Hitam, who expressed his regret and sorrow about Puntung’s terminal condition, said those related to the conservation efforts should reflect on the present situation.

Published in GENERAL

MOMA Water offers a moment of clarity to Malaysian consumers through premium, clean drinking water that is manufactured in the water-rich region in Sibu, Sarawak. The de-mineralised water is 99.9% pure with O3 + UV sterilization and contained in acetic acid-free water bottles. 

MOMA Water, which comes in three different sizes – 300ml, 500ml, and 1.5l – is purified and filtered using state-of-art, 5-layered purification processes to ensure the drinking water meets the World Health Organisation’s (WHO) guidelines and the stringent Japanese water purity benchmarks.

Published in GENERAL

AirAsia Bhd posted first quarter 2017 revenue of RM2.23 billion, up 8% on a like-for-like (LFL) basis from RM2.07 billion in the same quarter last year, supported by a 6% increase in passengers carried and four percentage point increase in load factor. Operating profit was reported at RM391 million, down 16% from the same quarter last year mainly due to higher aircraft fuel expenses.

Share of results of associates declined 58% year-on-year to RM34 million as Thai AirAsia posted smaller profits due to weakness in the China-Thailand travel market, which resulted in lower average fare per passenger of THB1,569 in 1Q17 compared to THB1,722 in 1Q16. Operating profit for Thai AirAsia fell 44% to THB1.15 billion.

Published in CORPORATE

Sunway Bhd, one of Malaysia’s largest conglomerates with core interests in real estate and construction, today reported revenue of RM1,091.3 million for the current quarter ended 31 March 2017, an increase from a revenue of RM1,069.0 million for the corresponding quarter in the previous year, representing a steady start for the Group. 

The revenue in the current quarter was higher due to increased contributions from most business segments including property investment, construction, trading and manufacturing, quarry, healthcare, building materials and Group treasury operations.

Published in CORPORATE

The Kenanga Investment Bank Bhd Group recorded net income of RM113.8 million in the first quarter ended 31 March 2017, a 7.9% increase from RM105.5 million in 1Q16, and 17% increase relative to the quarter before. 

The higher net income was largely contributed by its stockbroking arm which registered improved brokerage income due to higher value traded on Bursa Malaysia Securities Berhad. Profit before tax (PBT) came in at RM5.5 million for 1Q17, 68% higher relative to previous quarter. 

Published in CORPORATE
Page 1 of 16