BUSINESS News List

CIMB Thai's FY18 net profit at 6.9mln bhat

KUALA LUMPUR, Jan 15 (Bernama) -- CIMB Thai Bank PCL's (CIMB Thai) consolidated net profit for the financial year results ended Dec 31, 2018 (FY2018) decreased 98.2 per cent or 378 million baht year-on-year (y-o-y) to 6.9 million baht (100 baht=RM12.84).

Grant visa-free entry for Chinese, Indian tourists - MATTA

According to Tourism Malaysia, Malaysia recorded a 34.2 per cent increase in Chinese tourists and 10.4 per cent growth in Indian tourists from Jan to Sept 2018 compared with the same period in 2017.

TH restores balance sheet, in position to pay hibah for 2018

KUALA LUMPUR, Jan 15 (Bernama) -- Lembaga Tabung Haji (TH) is in a position to pay hibah (dividend) to its 9.3 million depositors for 2018, having restored its balance sheet, mainly with the transfer of 106 underperforming listed domestic equities to special-purpose vehicle Urusharta Jamaah Sdn Bhd.

EPF chairman tight-lipped on 2018 dividend payout

KUALA LUMPUR, Jan 15 (Bernama) — The country’s largest pension fund, Employees Provident Fund (EPF) Chairman Tan Sri Samsudin Osman was tight-lipped on the 2018 potential dividend payout figures when approached by reporters at the University of Malaya, today.

RHB maintains 'buy' call for Petronas Chemicals

While significant, 2019 turnaround activities are less severe than 2018, of which four major plant turnarounds are already seen for PC Ethylene (Kertih), PC Polyethylene (Kemaman), PC Fertiliser (Kedah), PC Methanol Plant 2 (Labuan) and Urea (Bintulu) accounting for 42.4 per cent of total capacity.

Malaysia has potential to increase textile exports to the US

I am pretty sure buyers in the US and elsewhere are aware of the perils of asymmetrical dependency on China as a source of textile products, coupled with the many problems which foreign importers face in that country, particularly in regard to quality and post-sales service, among others.

Labour force participation eases to 68.4 pct in November 2018

KUALA LUMPUR, Jan 15 (Bernama) -- The labour force participation rate in November 2018 eased 0.1 percentage point to 68.4 per cent compared with the previous month, says the Department of Statistics Malaysia (DoSM).