Magni-Tech 1Q25 net profit jumps 36.4% to RM44.6mil

KUALA LUMPUR: Magni-Tech Industries Bhd reported a higher net profit of RM44.64mil for the first quarter ended July 31, 2024 (1Q25), up from RM32.72mil in the same quarter last year. Revenue also rose by 34% to RM437.59mil, compared to RM324.37mil previously, primarily due to increased sales orders from the… Source link

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‘SMEs attribute international trade growth to online tools’

This article first appeared in The Edge Financial Daily on August 15, 2017 – August 21, 2017 KUALA LUMPUR: Online tools play a role in small and medium enterprises’ (SMEs) ability to trade internationally and to grow, according to Facebook’s new Future of Business Survey report. Among exporting SMEs, four in 10 in the survey reported that over 25% of their revenue comes from international… Source link

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Vistra completes acquisition of Sertus, Business News

SINGAPORE, Sept. 3, 2024 /PRNewswire/ — Vistra, a leading provider of essential business services that help organisations to invest and grow efficiently and compliantly across the world, is pleased to announce its acquisition of Sertus, a Hong Kong-based provider of company incorporation and corporate services, having received all necessary regulatory approvals. This… Source link

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Bursa suspends short-selling of Central Global

KUALA LUMPUR: KUALA LUMPUR: Bursa Malaysia has suspended intraday short-selling (IDSS) for Central Global Bhd for the rest of the day due to breaches of the price limit. It said that the short-selling for Central Global under the IDSS will resume on Sept 4 at 08.30 am. Central Global share price tumbled… Source link

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Unity Group’s Subsidiary (Synergy ESCO) Receives HKD 90 million (RM50 million) from Maybank’s ESG Funding for Energy Efficiency Projects in Malaysia 

SELANGOR, 03 September 2024 – Synergy ESCO (Malaysia) Sdn. Bhd. (“Synergy ESCO” or the  “Company”), a leading provider of energy-saving solutions and a subsidiary of the Hong Kong-listed  Unity Group Holdings International Limited (“Unity Group” or the “Group”, stock code: 1539.HK), has  achieved a significant milestone in its Malaysian operations. The Company has entered… Source link

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Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024

Both long-term and general business recorded YoY growths. Hong Kong’s insurance industry recorded a 5.1% year-on-year (YoY) increase in total gross premiums for the first half of 2024 (H1 2024), reaching $40.42b (HK$310.9b) compared to the same period in 2023, data from the Insurance Authority (HKIA) showed. In the long-term or life business sector, total revenue premiums from… Source link

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New Zealand, Malaysia, And Singapore Associations Sign MoU To Boost Economic Cooperation

KUALA LUMPUR, Sept 3 (Bernama) — The New Zealand Malaysia Business Association (NZMBA) and the Singapore Business Association New Zealand have signed a memorandum of understanding (MoU) with the Auckland Business Chamber to enhance economic cooperation among New Zealand, Malaysia, and Singapore. The MoU, inked recently at the Auckland Business Chamber, New Zealand’s largest… Source link

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CIIM Optimistic On Strengthened Malaysia-India Ties Following PM Anwar’s Visit

By V.Sankara KUALA LUMPUR, Sept 3 (Bernama) — The recent official visit of Prime Minister Datuk Seri Anwar Ibrahim to India has been hailed as a significant milestone in enhancing the economic and strategic partnership between the two nations.  Chairman of the Consortium of Indian Industries in Malaysia (CIIM), Datuk Umang Sharma, expressed his enthusiasm for the outcomes of the… Source link

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Malaysia leads in chip investments

KUALA LUMPUR: Malaysia appears to be taking pole position in securing investments in Asean’s chip race due to its established supply chain, talent pool, abundant land and energy, as well as affordable business costs, according to Maybank Investment Bank (IB) Bhd. It noted that approved investment commitments… Source link

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