Bursa Malaysia Main Market-listed Amway (Malaysia) Holdings Bhd yesterday reported revenue of RM252.1 million for the second quarter of its 2017 financial year (2QFY17) which ended 30 June 2017, an increase of 6.3% compared to the preceding first quarter of 2017 (1QFY17) at RM237.2 million. This is due to positive momentum towards the company’s sales and marketing programmes to sustain ABO momentum.
The Group also recorded better profit before tax of RM19.9 million in 2QFY17, an increased by 49.6% compared to the preceding quarter’s (1QFY17) profit of RM13.3 million mainly due to higher sales and lower operating expenses in the period under review.
Sime Darby Property solidified its position as Malaysia’s leading property developer in terms of quality at the QLASSIC Excellence Award 2017, bagging 13 quality building awards, making it the most awarded developer at the ceremony.
Sime Darby Property was awarded for its various products in townships such as Bandar Bukit Raja, City of Elmina, Bandar Ainsdale and Nilai Impian, among others. The awards included a commercial development in Ara Damansara by its subsidiary company, Sime Darby Brunsfield.
Samsung Malaysia Electronics launched Samsung Newsroom Malaysia, a brand-new hub that will share Samsung-related content to the local media and consumers.
Samsung Newsroom Malaysia aims to reach out to both media and consumers with the latest information about the company, most recent innovations, events, insights on the brand’s products & services, as well as inspirational stories on citizenship. Content shared on this platform will be in the form of press material, infographics and videos.
Coca-Cola Malaysia has drawn on quintessential scenes of life in Malaysia and what makes us Malaysian in a collaboration with cartoonist Reggie Lee for a set of limited edition cans to commemorate 60 years of independence.
One of the country’s top cartoonist who is known for his dry humour, takes on current issues and social commentary, Reggie’s unique style often includes messages of unity and inclusiveness and it was these traits that made him an ideal partner for the world’s largest beverage company which has been present in what is now Malaysia since 1936.
The Raja Muda of Selangor Tengku Amir Shah Ibni Sultan Idris Shah, yesterday officiated the launch of #MyButterflyEffect & Youth Week at the Malaysia Pavilion in conjunction with Expo 2017 Astana, in Kazakhstan.
The themed-week aims to inspire youth to assume leadership roles in securing a green future for the world and create a Butterfly Effect for green growth emanating from EXPO 2017.
RHB Bank Bhd and AMMB Holdings Bhd announced today that both parties have mutually agreed to end discussions on the proposed merger of the two banking groups.
After much discussion and deliberation, RHB Bank and AmBank Group were not able to reach an agreement on mutually acceptable terms and conditions for the proposed merger.
MyHSR Corporation Sdn Bhd ('MyHSR Corp') of Malaysia and the Land Transport Authority of Singapore (‘LTA’) will jointly conduct a second Industry Briefing on 26 September 2017 to continue the market engagement process for the Kuala Lumpur – Singapore High Speed Rail (‘HSR’) project.
The second Industry Briefing will share additional information and updates from both MyHSR Corp and LTA in relation to the Assets Company (‘AssetsCo’) tender and in response to the key queries raised by the market following the first Industry Briefing event held on 5th July of this year.
Malaysia remains open to options to bring the TPP agreement into force without the United States, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
“Malaysia remains open to further discussion and we expect a decision on the future of TPP to be made during the Asia-Pacific Economic Cooperation Leaders’ Summit in Danang, Vietnam, later this year,” he added. He was speaking at the The Asia Business First Forum yesterday.
Consumer electronics sales will grow by 4.4 percent in the next five years, reaching 699.8 billion dollars by 2022. Emerging markets such as China and India will lead this growth, driven by a fast-growing middle class and their growing income, according to Euromonitor International which released yesterday new data on the global consumer electronics industry.
“As businesses move towards digitalisation, this will further boost sales of connected devices over the forecast period. Blending of online and offline shopping experiences such as unmanned retail stores, use of augmented reality and virtual reality to engage with brands and a shift towards a cashless shopping experience through mobile devices will only seek to further cement the central role of smartphones in the Internet of Things and expand its use case with today’s digital consumers,” says Head of Consumer Electronics at Euromonitor International, Wee Teck Loo.
The Asian Institute of Finance (AIF) today launched a new research report at the annual AIF International Symposium indicating that colours and shape features can influence trust in online banking and insurance services, in particular colour hue and shape symmetry.
Entitled “Enhancing Digital Trust in Banking and Insurance: A Regional Perspective”, the report presents the findings from research conducted by AIF in collaboration with the Imagineering Institute. A total of close to 2,000 respondents between the mean ages of 29 and 31 took part in the survey.