Tealive operator Loob Holding Sdn Bhd and Chatime Taiwanese owner La Kaffa International Co Ltd have reached an out-of-court settlement on all disputes arising from the Chatime bubble tea brand.
In a joint press statement, they said the settlement agreement was executed yesterday resulted in both parties agreeing to withdraw all proceedings in Malaysian courts as well as arbitration in Singapore.
UMW Holdings Bhd’s core business segments of Automotive, Equipment and Manufacturing & Engineering (M&E) recorded higher revenue in the second quarter of 2018 mainly due to increased consumer demand arising from the Goods and Services Tax (GST) – free period in Malaysia.
Consequently, the Automotive and Equipment segments registered higher profit before taxation (PBT) of 43.9% and 17.4%, respectively. UMW’s new aerospace business has started to generate revenue, contributing to 15.9% revenue growth for the M&E segment. As a result, the segment registered a substantially lower loss before taxation than in the previous corresponding quarter. The loss is expected as the aerospace business is still in its gestation period.
Telekom Malaysia Berhad (TM) announced its financial results for the first half of the year ended 30 June 2018. The Group posted revenue of RM5.78 billion year-to-date, 2.7% lower from RM5.94 billion in the corresponding period last year.
This was primarily due to a decline in voice, data and other telecommunication related services as well as provisions recognised against wholesale revenue impacted by regulatory mandated access pricing.
Technology and Talent Platform Innovator, Prestariang Bhd yesterday reported its second quarter results (2QFY18) ended 30th June 2018. For the reporting quarter, the Group registered a higher revenue of RM55.9 million compared to RM55.2 million recorded in previous year corresponding quarter. The higher revenue of RM0.7 million or 1% increase was mainly contributed by Concession revenue of Sistem Kawalan Imigresen Nasional (“SKIN”) project.
The revenue was recognised based on the stage of completion at the end of the reporting period. The stage of completion is determined by reference to the proportion of costs incurred for work performed to date over the estimated total costs.
PETRONAS today announced improved earnings for the first half of 2018, driven by the Group’s execution of its continuous business improvement initiatives and groupwide operational excellence as well as coupled with increased commodity prices.
Tan Sri Wan Zulkiflee Wan Ariffin, President and Group CEO PETRONAS says the national petroleum company will endeavour to pursue growth opportunities to ensure PETRONAS’ long-term sustainability.
Destini Berhad (Destini or Group) has been awarded a US$5.2 million (RM21.17 million) contract from Posco Daewoo Corporation (PDC) for the provision of tubular running services (TRS) in Myanmar.
PDC is a Korea-based oil and gas company that first began its offshore gas field project in Myanmar in 2000. After over a decade of exploration and development processes, the field started commercial production in 2013.
Century Software (M) Sdn Bhd, a wholly-owned subsidiary of Censof Holdings Bhd (Censof), has secured a RM3.85 million contract from Kuala Lumpur City Hall (DBKL) to provide comprehensive maintenance and support services for its ePBT financial management system.
The company has also received a contract worth RM999,983 from the Social Security Organisation (Socso) to further enhance its system of managing prospective customers and current customer interactions.
Organised by the National ICT Association of Malaysia (PIKOM) and supported by the Malaysia Digital Economy Corporation (MDEC), #MYCYBERSALE 2018 is happening from September 3 to 7.
This year, almost 70 per cent of the participating merchants comes from Small Medium Enterprises (SMEs).
Industrial Park Forum for Southern Region was held to address the needs to develop the next generation of industrial parks in Malaysia.
Industrial Park developers are urged to create substantive systemic change to ensure the enhancement and redevelopment of industrial parks in the country are sustainably met.
Hong Leong Financial Group Berhad (HLFG) announced its final results for the financial year ended 30 June (FY18).
Group profit before tax grew 15.8% year-on-year (y-o-y) to a record RM3,579 million, with strong contributions recorded from our commercial banking and insurance businesses, whilst net profit after tax and minority interests came in at RM1,907 million, up 26.6% y-o-y.
