Malaysia SME

PETALING JAYA: Main Market-bound 99 Speed Mart Retail Holdings Bhd reported a revenue of RM2.4bil for the second quarter ended June 31, 2024, reflecting a RM183.3mil or 8.2% year-on-year (y-o-y) increase, mainly attributed to higher sales led by the contribution from new outlets and positive impact from the bulk… Source link

KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) remained steady at 49.7 in August, indicating a slight decline in the Malaysian manufacturing sector. The latest PMI data suggest gross domestic product (GDP) growth is running at a broadly similar rate to… Source link

KUALA LUMPUR, MALAYSIA – Media Outreach Newswire – 2 September 2024 – Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga Group” or the “Group”) announced that it has partnered with leading Singaporean fintech firm Helicap Pte Ltd (“Helicap”) in a move to further advance its digitalisation initiatives. The signing ceremony… Source link

The exchange rate for Malaysian ringgit has dipped recently, but that hasn’t stopped money changers in Singapore from raking it in. Over the weekend, the ringgit was trading at between RM3.28 and RM3.30 per Singapore dollar, reported Shin Min Daily News. Money changers at Chinatown and Raffles Place were selling ringgit at a rate of 3.29 to 3.295.  As of Monday (Sept 2), the exchange rate… Source link

HONG KONG, Sept 1, 2024 – (ACN Newswire) – On August 29, CALB Group Co., Ltd. (“CALB” or the “Group”, stock code: 03931.HK), a global vanguard in new energy power generation and storage technology, announced interim results for six months ended June 30, 2024. According to the financial report, the Group achieved total revenue of RMB12.469 billion, a year-on-year increase of 1.4%. The… Source link

MALAYSIA has dreamed of achieving high-income status ever since the introduction of Wawasan 2020 in the Sixth Malaysia Plan in 1991. Despite missing the target, the ambition persists. To escape the middle-income trap and achieve high-income status, Malaysia needs to embrace technological advancement, innovation and digitalisation. This need extends beyond large corporations to small and… Source link

Both its life and non-life segments witnessed triple-digit growth. Taiwan’s insurers saw their pre-tax profits jump over two-fold (146.0%) year-on-year (YoY) in July, accumulating $9.89b (NT$318.6b), data from the Insurance Bureau showed. July’s surge was smaller than the previous month’s 313.1% but only accumulated $7.18b (NT$229.7b). Its life insurance sector achieved a… Source link

MALAYSIA Airlines, the country’s flag carrier that was once a Top 10 global airline, is facing a crisis of confidence. Beleaguered by problems ranging from lack of skilled workers for aircraft maintenance to a shortage of parts, Malaysia Airlines’ battered reputation took a further beating this week when the… Source link

PETALING JAYA: MSM Malaysia Holdings Bhd targets to export 45,000 tonnes of grain sugar to China in 2024. The target is following its market reach expansion of grain sugar export into China, which is among the top-five export markets for the company alongside the Philippines, Singapore, Indonesia and Vietnam. … Source link

KUALA LUMPUR: China’s Zhuhai CosMX Battery Co Ltd will invest 1 billion ringgit ($232 million) to build its first manufacturing plant in Malaysia’s Kedah state, the Malaysian Investment Development Authority said on Friday. Zhuhai CosMX makes consumer lithium-ion battery and power lithium-ion batteries. -… Source link