PETRONAS Chemicals Group Berhad (PCG) held its annual general meeting (AGM) today to present the company’s performance to its shareholders for the financial year ended 31 December 2017.
Describing the overall performance of the Group, Managing Director/Chief Executive Officer of PCG, Datuk Sazali Hamzah said, “PCG recorded its best ever performance in terms of revenue, profit after tax and earnings before interest, taxes, depreciation and amortisation (EBITDA) since its listing in 2010.”
Singapore High Speed Rail (‘KL-SG HSR’) is expected to generate more than 70,000 jobs to deliver the civil works packages, thus creating opportunities for professionals, skilled workers, and students from all over the country to work along the corridor of the 335KM alignment within Malaysia.
In addition, more than 60 civil work packages will result in over 5,000 sub-contract packages opened to local firms which will stimulate the growth of local industries. More than 40% in values of the civil work packages will be allocated to Bumiputera companies.
OCBC Bank Malaysia Berhad and its subsidiaries reported a 17 per cent rise in net profit to RM949 million for the financial year ended 31 December 2017 (FY17).
In a statement, OCBC revealed this is the highest ever net profit recorded by OCBC Malaysia.