E&O Posts Higher Net Profit Of RM37.52 Mln In 1Q

KUALA LUMPUR, Eastern and Oriental Bhd (E and O) reported a higher net profit of RM37.52 million in the first quarter ended June 30, 2024 (1Q 2025) from RM32.95 million a year ago, primarily driven by increased revenue from its property segment.

T…

Berjaya Land Reports RM90.19 Mln net Loss For FY2024 On Higher Operating Expenses

KUALA LUMPUR, Berjaya Land Bhd’s bottom line turned red for the financial year ended June 30, 2024 (FY2024) as it made a loss of RM90.19 million from a net profit of RM147.29 million in FY2023 due to higher operating expenses.

However, its revenue i…

BNM Appoints Economic Stalwart Yogeesvaran As External MPC Member

KUALA LUMPUR, Bank Negara Malaysia (BNM) has appointed Datuk Yogeesvaran Kumaraguru as an external member of the Monetary Policy Committee (MPC) for a two-year term, effective Sept 1, 2024.

In a statement today, the central bank said the accomplishe…

Maxis The First Telco In Malaysia To Offer GPUaaS To Malaysian Customers

KUALA LUMPUR, Malaysia’s leading integrated telco, Maxis, will be the first telco in Malaysia to provide cloud-based graphics processing units-as-a-service (GPUaaS) to Malaysian customers.

Maxis said the service will use NVIDIA H100 Tensor Core GPU …

MIER Predicts USD/MYR At 4.20-4.25 By Year-end

KUALA LUMPUR, The Malaysian Institute of Economic Research (MIER) forecasts that the ringgit could strengthen to between 4.20 and 4.25 against the US dollar by the end of 2024, up from 4.59 at the close of 2023.

However, MIER cautioned that the pers…

EPF Appoints Govt’s Former Chief Secretary As Chairman, Effective Sept 1, 2024

KUALA LUMPUR, The Employees Provident Fund (EPF) has appointed Tan Sri Mohd Zuki Ali as its new chairman, effective Sept 1, 2024.

Mohd Zuki, previously the 15th chief secretary to the government, will be taking over from Tan Sri Ahmad Badri Mohd Zah…

Sarawak Plantation’s Shares Flat Despite Higher Core Earnings

KUALA LUMPUR, Analysts were divided on Sarawak Plantation Bhd’s outlook, despite higher core earnings of RM17 million in the second quarter of the financial year 2024 (2Q 2024), a 39 per cent increase year-on-year (y-o-y).

The plantation company’s s…