Online Retail and Travel Purchases in Malaysia Increase in the Lead Up to Ramadan

 |  Thursday, 13 April 2017 17:29  |  Published in MARKETS

Kuala Lumpur, April 13- Criteo, the performance marketing technology company releases seasonal data to help eCommerce businesses better engage consumers. 

Based on consumers’ online browsing and buying activity, the three weeks leading up to Ramadan, and more specifically, the third week of Ramadan represent the biggest opportunity for retailers to engage consumers when they are actively browsing and purchasing items for upcoming celebrations. During this period, there was an average of 67 percent uplift in online retail sales and 14 percent uplift in online travel sales.

BIMB Investment Declares 7.1% Distribution Yield For MYR Class And 6.9% For USD Class For Its Multi-Currency Global Shariah-Esg Equity Fund, The BIMB-Arabesque i Global Dividend Fund 1

 |  Wednesday, 05 April 2017 16:22  |  Published in MARKETS

Kuala Lumpur, April 5 – BIMB Investment Management Bhd (BIMB Invest), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, declared 7.1% (MYR class) and 6.9% (USD class) income distribution yield for its multi-currency global Shariah-ESG equity fund, the BIMB-Arabesque i Global Dividend Fund 1, exceeding its benchmark target of 6%.

BIMB Invest’s Chief Executive Officer Najmuddin Mohd Lutfi said, “We thank our investors for their support and remained invested in our fund and we are pleased to have delivered 7.1% (MYR class) and 6.9% (USD class) income distribution yield, exceeding the target benchmark of 6%.”

Astro Achieves Growth in FY17

 |  Wednesday, 29 March 2017 10:42  |  Published in MARKETS

Astro Bhd achieved a net profit of RM623.7 million in FY17, up 1.3% from the previous year on revenue of RM5.6 billion. Total adex in FY17 grew 10% year-on-year to RM705mil, with digital adex registering a growth of 15%.

Its earnings before interest, taxes, depreciation and amortisation (Ebitda) fell 6% on a year-on-year basis to RM1.8 billion due to investments in key sports content and currency depreciation impacting content costs.

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