Top Glove Targets RM100 Million In Capital Expenditure Next YearTop Glove Corp, the world’s largest glove maker, is allocating RM100 million for capital expenditure in 2012, mainly for plant upgrade and expansion purposes. Chairman Tan Sri Lim Wee Chai said, “We’ve set aside RM100 million to upgrade and expand our…
Public Bank 9M11 Net Profit Up 18.4% To RM2.6 Billion Public Bank registered an 18.4% increase in net profit attributable to equity holders to RM2.6 billion for the nine months ended 30 September 2011. The bank attributed the improved profitability to the revenue growth of 9.6%, low cost-to-income ratio of…
Nagamas To Build Industrial Park In Nanning, China Malaysian developer Nagamas International has been offered to develop a 6,000 acre green residential and industrial park near Nanning, China. The project is estimated to cost up to RM300 million over a span 20 years. “It will be historic as this will…
Telekom Malaysia Extends High-Speed Broadband Network In New PartnershipPacket One Networks signed an agreement with national telecommunication company Telekom Malaysia (TM) to leverage on the latter’s high-speed broadband (HSBB) network to roll out services via fibre optics to its customers in the first quarter of 2012. To date, TM has…
Fraser & Neave Ramps Up Production Fraser & Neave Holdings (F&N) is ramping up its dairy beverage production in Malaysia as its factory in Rojana Industrial Park, Thailand, has temporarily stopped its operations due to the country’s worst flood in decades. That factory is among the top five food and…
Top Glove 4Q Profit Down 42% To RM26 Million Top Glove Corporation reported a 42% drop in its bottom line to RM26.1 million from RM45 million a year ago, despite a marginal 0.1% increase in its revenue to RM541.8 million. The glove marker attributed the decline in profit to the…
Maybank Reaps New Sales Amounting RM3 Billion Through CRM InitiativeMalayan Banking (Maybank) gained RM3 billion in new sales over two years through its analytical customer relationship management (CRM) initiative. The data mining and business intelligence software provides a 360-degree view of its retail customers so that analysts can identify revenue…
Najib Says 5% To 6% Economic Growth Still Achievable Malaysian Prime Minister Datuk Seri Najib Tun Razak said the government is confident of achieving an economic growth of 5% to 6% this year. Najib told the Parliament that global developments would certainly have a direct impact on the Malaysian economy.…
Petronas To Double Fertiliser Output In Sabah Petroliam Nasional (Petronas) will build a fertiliser plant in Sabah that will almost double its fertiliser output in the country, in an agreement between a consortium (comprising Mitsubishi Heavy Industries of Japan, Indonesia’s PT Rekayasa and Kuala Lumpur-based Apex Energy) and Petronas Chemicals…
Mah Sing To Launch Beginner Homes For First-Time Home Buyers Mah Sing entered into an agreement to acquire Semai Meranti, the land owner in Rawang, for a cash consideration of RM57 million. The property developer is planning to offer beginner homes in the township named M Residence@Rawang, priced from RM390,000.…
Recent Comments