Items filtered by date: February 2018

As part of its commitment to creating a zero-tolerance environment for corruption, the Human Resources Development Fund (HRDF) signed a Memorandum of Understanding (MoU) with the Malaysian Institute of Integrity (INTEGRITI).

The MoU will see both organisations collaborating in developing, supporting and enriching integrity values, tools and mechanisms.

Published in GENERAL

Domino's Pizza Malaysia expects to continue its double-digit growth in terms of revenue this year, driven by the continuous demand for unique flavors of pizza despite the tough challenges in the food and beverages (F&B) industry. 

Domino’s Pizza Malaysia and Singapore general manager operations, Shamsul Amree said the group’s revenue has been growing at an average of 20 per cent in the last two years. 

Published in GENERAL

AXA Affin General Insurance Berhad (AAGI) was awarded a total of five awards from the Global Human Resource (HR) Excellence Awards and the 12th Employer Branding Awards at the World HRD Congress 2018 in recognition of its HR leadership and innovation.

AAGI scored a big victory at two globally distinguished events held by World HRD Congress 26th Edition from 15 -16  February at Taj Lands End, Mumbai, India.

Published in GENERAL

Malaysia’s labour productivity grew 3.6% to RM85,031 in Q4 2017 following the 4.1% growth (RM82,433) in Q3 2017. 

“For the year as a whole, our labour productivity growth stood at 3.6% (RM81,039) compared to RM78,244 in 2016,’ said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed in a statement.

Published in GENERAL

Seacera Group Bhd, a Bursa Malaysia Main Market listed company that is involved in the tile manufacturing, property and construction businesses, announced that Seacera Builders Sdn Bhd, a wholly-owned subsidiary of the Company, has entered into a conditional share sale- with LT Century Development Sdn Bhd and LTC Holdings Sdn Bhd for the proposed acquisition of the Sale Shares representing 70% equity interest in Teras Sari Resources Sdn Bhd for a purchase consideration of RM35 million.

A filing with Bursa Malaysia showed that the Purchase Consideration will be fully satisfied via the issuance of 35 million new ordinary shares of Seacera at an issue price of RM1 per share. The Proposed Acquisition comes with a cumulative profit before tax guarantee of RM70 million for the financial year ending 31 December 2018, 31 December 2019, 31 December 2020 and 31 December 2021.

Published in CORPORATE

Petron Malaysia Refining & Marketing Bhd (PMRMB) ended the year with a strong performance in the fourth quarter of 2017, posting a net profit of RM100 million driven by higher sales volumes which reached 9.1 million barrels.

For full year 2017, PMRMB recorded a net profit of RM405 million - the highest since the entry of Petron. This includes non-recurring gains amounting to RM65.6 million from compulsory divestment of service stations that were acquired by the government. 

Published in CORPORATE

Perak Transit Bhd, a Bursa Malaysia ACE Market listed company involved in bus terminal, bus services and petrol stations businesses, announced that the Company proposes to transfer the listing of and quotation for the entire issued share capital of Perak Transit and outstanding warrants 2017/2020 to the Main Market of Bursa.

In a filing with Bursa Malaysia, the Company say this marks another milestone for Perak Transit subsequent to its listing on the ACE Market of Bursa Securities on 6 October 2016. The Proposed Transfer signifies the growth and financial strength of Perak Transit as it has met the profit track record requirements for a transfer to the Main Market of Bursa Securities.

Published in CORPORATE

Media Prima Bhd registered a net loss of RM669.66 million in the financial year ended Dec 31, 2017 against a net loss of RM69.78 million in 2016.

In a filing to Bursa Malaysia yesterday, the group recorded revenue of RM1.19 billion for the period, as compared to the preceding financial year 2016 (FY16) of RM1.28 billion.

Published in CORPORATE

Allianz Malaysia Bhd (AMB) Group concluded 2017 with a 2.5 percent growth in Group’s Gross Written Premium (GWP) which stood at a solid RM4.29 billion as compared to RM4.18 billion from the year before. 

Profit Before Tax stood at RM437.3 million in 2017 as compared to RM454.6 million in 2016. The Group’s Total Assets grew 11.3 percent to RM16.59 billion in 2017 as compared to RM14.91 billion in 2016.

Published in CORPORATE

Global Entrepreneurship Movement (GEM) showcased six entrepreneurs which have been inducted into the TENxCLUB during an intimate lunch with leaders from Malaysia’s publishing industry as well as GEM council members. 

The six TENxCLUB members that have been selected are Avana, a Facebook and mobile social ecommerce application that simplifies the buying and selling process online; Qu Exchange, an app-based exchange that facilitates the sharing of products and services among SMEs; Gameka, a mobile game development company; IGL COATINGS, an eco-friendly industrial coating formulator; Tripcarte Asia, an online travel platform; and Hello Gold, an online gold trading platform that enables micro saving.

Published in GENERAL
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