Items filtered by date: August 2017

In recognition of its commitment to its People, McDonald’s Malaysia was conferred one of eight prestigious Best Employer Awards at the Aon Best Employers in Malaysia Awards 2017 yesterday.

The win marks the fourth time that McDonald’s Malaysia has won the prestigious award since 2009, underlining its position as one of the country’s most dedicated and sought-after companies to work for. 

Published in GENERAL

Women are diligent and trustworthy, and for that guidance and encouragement should be given to propel them to greater success, said Prof. Emerita Tan Sri Dr. Sharifah Hapsah Syed Hassan Shahabudin, President of The National Council of Women’s Organisations’ (NCWO) Malaysia.

“The rise in the applications of technology, automation, artificial intelligence and robotics will transform industries, jobs and way of work.  Many new opportunities will present themselves, together with the disproportionately negative impacts, especially on women,” added Sharifah Hapsah. She was speaking at the Jom Niaga conference held last week. 

Published in GENERAL
Monday, 28 August 2017 11:39

FedEx Malaysia Named Best Employer 

FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX), and the world’s largest express transportation company, has been named a Best Employer in Malaysia by Aon Hewitt. 

Honoured for an extraordinary nine times, this award recognizes the success of FedEx Malaysia in building an employee-friendly work environment, anchored on the FedEx People-Service-Profit philosophy.  

Published in GENERAL

When planning a getaway, securing your home should be your utmost priority. Simple checks just do not cut it anymore because crime and danger do not make appointments.  

Belinda Wong, Head of Property at Allianz General Insurance Company (Malaysia) Berhad recommends a thorough check of your home.

Published in GENERAL

AirAsia and CAE have concluded a sale and purchase agreement concerning the Asian Aviation Centre of Excellence (AACE), which is currently a 50:50 CAE-AirAsia joint venture.

The transaction of US$100 million (including earn-out) will give CAE full control over AACE’s three training centres – located in Sepang, Malaysia; Singapore; and Ho Chi Minh City, Vietnam – as well as its share of the Philippine Academy of Aviation Training (PAAT), a joint-venture training centre between AACE and Cebu Pacific, located in Manila, Philippines.

Published in GENERAL

Thong Guan Industries Bhd, one of the leading stretch-film players, which has announced its second quarter results for the financial year ending 31 December 2017 (Q2FYE2017), reported that it has steadily increased its revenue.

For the quarter under review, the increase in revenue was contributed from the increase in sales volume of the plastic product which was mainly derived from export sales. The Group’s gross profit margins also rose due to its export sales of premium stretch films, PVC food wrap and industrial bags. 

Published in CORPORATE

Sunzen Biotech Bhd, which last week announced its second quarter results for the financial year ending 31 December 2017 (“Q2FYE2017”), achieved an outstanding growth in Revenue and Profit After Tax (“PAT”) compared to the same period in FY2016.

The significant improvement in financial performance can be attributed to the Group’s trading of crude palm oil, palm kernel and palm kernel shell that commenced since Q1FYE2017. The Group also successfully implemented measures to improve operational efficiency as lower operating expenses was incurred in the current quarter.

Published in CORPORATE

ACE Market-listed company, PUC Bhd (formerly known as PUC Founder (MSC) Bhd), which last week reported the financial results for the second quarter of fiscal year 2017 ending 30 June(Q2FY17), announced that its revenue increased 17.29% from RM8.63 million in the previous quarter (Q1FY17) to RM10.13 million mainly contributed by its Advertising & Media (A&M) arm. 

Its Gross Profit (GP) and Profit after Taxation (PAT) also recorded improvements to the tune of 42.75% and 242.28% respectively, as compared to Q1FY17 as a result of better profit margin achieved by A&M through increased sales. GP and PAT margins for Q2 were at 39.30% and 4.16% respectively.

Published in CORPORATE
Monday, 28 August 2017 11:24

Petronas Yields Strong Mid-Year Results

PETRONAS announced strong earnings for the first half of 2017, contributed by higher average realised prices, better margins and boosted by the on-going transformation initiatives to reduce cost and increase efficiency.

The Group’s revenue grew to RM108.1 billion, up 15 per cent from RM93.7 billion in the first half of 2016, benefitting from the upward trend of key benchmark prices and foreign exchange rate, but was partially offset by lower sales volume.

Published in CORPORATE

Hengyuan Refining Company Bhd (HRC), formerly known as Shell Refining Company (Federation of Malaya) Bhd, held a ground-breaking ceremony today to mark the commencement of construction work that will enable the refinery to produce Euro4M grade motor gasoline.

The USD135 million (approximately RM580 million) refinery upgrade will involve the installation of an integrated complex that is designed to desulphurise the full range Cat Cracked Gasoline (CCG) produced by the Long Residue Catalytic Cracking Unit (LRCCU). This will facilitate the production of gasoline that meets the Euro4M specification, which requires sulfur content to be less than 50 parts per million in volume. 

Published in CORPORATE
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