Berjaya Corporation Bhd registered a lower revenue of RM1.99 billion as compared to the revenue of RM2.19 billion reported in the corresponding quarter of the previous year mainly due to lower revenue contribution from the consumer products and services segment and the property segment.
The consumer products and services segment are operating in an intensely competitive trading environment, pervaded with numerous online marketing portals as well as
other direct selling competitors. Revenue from the property segment has decreased following a slowdown in the sales of the Group's high-end projects.
HSBC Insurance (Asia Pacific) Holdings Limited, an indirect wholly-owned subsidairy of HSBC Holdings plc, has reached an agreement with FWD Life Insurance Company (Bermuda) Limited, a subsidiary of FWD Limited, for the sale of its 49 per cent shareholding in HSBC Amanah Takaful (Malaysia) Berhad (HATB) to FWD.
The transaction has obtained approval from the Minister of Finance, via Bank Negara Malaysia, and is expected to be completed during the first half of 2019.
PETRONAS Chemicals Group Berhad’s (PCG) marketing entity, PETRONAS Chemicals Marketing (Labuan) Ltd (PCML), signed a Sales and Purchase Agreement with Sarawak Petchem Sdn Bhd (Sarawak Petchem), to market the methanol product from the Sarawak Methanol Project.
Under the agreement, PCML will be the marketing arm for Sarawak Petchem’s methanol product from Sarawak Methanol Plant in Bintulu for 20 years with an option for further extension.