Malaysia achieves significant progress in franchise industry – MATRADE

KUALA LUMPUR, Malaysia’s franchise industry has achieved significant progress, being one of the fastest-growing sectors in the country, said the Malaysia External Trade Development Corporation (MATRADE).In a statement, deputy chief executive officer Sh…

NCCIM calls on M’sians to be in solidarity with govt to overcome financial, economic hardships

KUALA LUMPUR, The National Chamber of Commerce and Industry of Malaysia (NCCIM) calls on all Malaysian to be in solidarity with the government to assist businesses, entrepreneurs and the rakyat to overcome their financial and economic hardships caused …

RAM ratings maintains Malaysia’s 2021 GDP forecast at 3.8 pct

KUALA LUMPUR, RAM Rating Services Bhd (RAM Ratings) has maintained its 2021 forecast for Malaysia’s gross domestic product (GDP) at 3.8 per cent. In its latest Economic Update 2021 report, the credit rating agency, however, said the ramped-up vaccinat…

Petronas swings back to profit in Q2, revenue jumps 68 pct

KUALA LUMPUR, Petroliam Nasional Bhd (Petronas) registered a net profit of RM9.6 billion in the second quarter ended June 30, 2021 on better earnings and lower impairment compared to a net loss of RM21 billion in the same quarter last year.Petronas exe…

No let-up in execution of economic stimulus efforts — Mohamed Azmin

KUALA LUMPUR, There must be no let-up in the execution of economic stimulus efforts that have been introduced and are essential to maintain Gross Domestic Product (GDP) growth, create new jobs as well as attract further foreign direct investments, said…

Axiata Q2 net profit jumps to RM277.76 mln on higher top line, lower finance cost

KUALA LUMPUR, Axiata Group Bhd’s net profit jumped to RM 277.76 million for the second quarter (Q2) ended June 30, 2021 compared to RM80.02 million a year ago mainly due to higher top line, lower finance costs on the back of lower borrowings and lower …

Sarawak Oil Palms Q2 net profit rises to RM98.32 mln

KUALA LUMPUR, Sarawak Oil Palms Bhd’s net profit for the second quarter (Q2) ended June 30, 2021 surged to RM98.32 million from RM38.34 million in the same period last year.Revenue jumped to RM949.05 million from RM626.06 million, while its basic earn…