Items filtered by date: August 2017

CCM Duopharma Biotech Bhd (CCMD) recorded a 51.5 percent growth in revenue for the first six months ended 30 June 2017 (H1 2017) to RM240.36 million from RM158.61 million in the corresponding period last year while profit before tax (PBT) also increased 40.2 percent to RM24.76 million from RM17.66 million in the corresponding period in 2016.

CCMD’s significant rise in revenue and PBT for H1 2017 was driven by contributions from its supply of renal and endocrine products and increased demand from public health sector via tenders.

Published in CORPORATE

CabNet Holdings Bhd, an Extra Low Voltage (ELV), Structured Cabling and IT Service Provider, announced its financial results for the second quarter ended 30 June 2017 (Q2FY17) posting RM10.58 million in revenue, a slight decrease of 8.04% as compared to RM11.50 million recorded in the preceding quarter ended 31 March 2017 (Q1FY17). 

The Company’s revenue was derived from the provision of building management solutions, which mainly comprises ELV systems and structured cabling works. 

Published in CORPORATE

Malaysia-based international offshore energy facilities and services provider Bumi Armada Bhd, which has announced its second quarter (“Q2”) 2017 financial results, recorded that the revenue for the Group increased by 72.4% year-on-year, to RM694.4 million. 

The FPO business segment revenues in Q2 2017 increased by 116.9% year-on-year to RM337.6 million, due to higher revenue from the Armada Olombendo FPSO and the Armada LNG Mediterrana FSU respectively, as well as the absence of supplementary payments to the charterer of the Armada Kraken FPSO, which impacted Q1 2017 revenue. OMS revenue in Q2 2017 saw a 44.3% year-on-year increase to RM356.8 million, due to higher revenue from the LukOil project. OSV utilisation in Q2 2017 improved to 53% from 42% in Q1 2017, helped by increased activity post-monsoon season, and the sale of four older vessels during the quarter.

Published in CORPORATE

AWC Bhd’s wholly-owned subsidiary, Ambang Wira Sdn Bhd (part of the Group’s Facilities Division) was awarded a Contract worth approximately RM31.74 million (including Goods and Services Tax) from Jabatan Kerja Raya (“JKR”), for the maintenance of buildings utilised in Putrajaya by the Kementerian Komunikasi Dan Multimedia Malaysia (“KKMM”) / Ministry of Communications and Multimedia Malaysia.

The tenure of the Contract is for five years from 1 September 2017 until 31 August 2022 and covers all the blocks utilized and occupied by KKMM in Putrajaya. This award further enhances the Facilities Division and the Group’s overall existing order book and is expected to contribute positively to the Group’s earnings.

Published in CORPORATE

Fitness solutions and premium fitness equipment provider F1 Recreation Sdn Bhd Award has been appointed by award winning fitness equipment and industry pioneer TRUE® to flex the brand’s muscles in Malaysia. 

The target will be condominiums, commercial gyms, hotels, country clubs, universities, corporates and professional athletes, as well as those seeking personal equipment as Malaysia continues to battle against rising obesity. 

Published in GENERAL

Malaysian Institute of Accountants (MIA) recently announced the election of Salihin Abang as the new MIA President and Datuk Narendra Kumar Jasani as the MIA Vice President for a new term at the MIA Council meeting today. Both appointments took effect on 24 August 2017.

Salihin succeeded Datuk Mohammad Faiz Azmi whose term ended on 26 July 2017. Narendra succeeded Datuk Zaiton Mohd Hassan whose term ended on 15 July 2017.

Published in GENERAL

Commemorating Malaysia’s 60th National Day, Panasonic Malaysia has partnered with HATCH, a YouTube channel under Media Prima's Studio8, to present “HACTION! Shot on Lumix GH5. HACTION! is a short film competition that brings together six Malaysian filmmakers to relive the journey of Malaysia’s achievements and national pride over the last six decades.  

Capitalising on Studio8’s strong track record of creating Malaysian original content that pushed the boundaries of storytelling, HACTION! aims to inspire filmmakers to produce their unique take of Malaysia’s achievement and pride. The collaboration, featuring the new Panasonic LUMIX GH5 camera, was announced during the product launch in Malaysia earlier this year. 

Published in GENERAL

With Digi Telecommunications Sdn Bhd (Digi) progressively closing in on its ambition of being their customers’ favourite partner in digital life by 2020, a group of seven young and talented individuals are poised to contribute their ideas and actions over the next 12 calendar months to turn ambition into reality, not just for the company but for themselves as well through the Digi CXO Apprentice Programme.

“It was a challenge to shortlist candidates because they were all well rounded in terms of their academic achievements, internship experience and their involvement in extracurricular activities. This year, we used a game based assessment which gave us an additional data point on filtering the candidates via an aptitude test,” said Haroon Bhatti, Digi's Chief HR Officer. 

Published in GENERAL

DHL Express, the world’s leading international express services provider, was awarded the ‘Best Employer’ by Aon Hewitt at the Aon Best Employers Award Ceremony & Learning Conference held on 24 August at The Gardens Hotel. DHL Express Malaysia has been identified as the top in talent management among companies surveyed by Aon Hewitt.

According to Aon Hewitt, Malaysian companies have an average attrition rate of 12% this year, which is a two percentage point improvement from 2012. DHL Express has been able to maintain a low annual turnover rate of 5%, in spite of challenging economic circumstances in Malaysia, including soft commodity prices, continued weakness of the Malaysian ringgit, and a slowdown in salary increases. 

Published in GENERAL

Central Spectrum (M) Sdn Bhd (CSSB) a member of Menteri Besar Incorporation (MBI) and IKEA Supply (Malaysia) Sdn Bhd yesterday signed an agreement to develop a significant portion of Pulau Indah Industrial Park, Selangor facilitated by Invest Selangor, the state government’s investment promotion agency. 

The new IKEA Regional Distribution Center with a total development value of close to RM 1 Billion will create nearly 500 job opportunities for the local community and attract probably the most recognised furniture brand globally to expand in Selangor.

Published in GENERAL
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