Items filtered by date: August 2017

The Association of Banks in Malaysia (ABM) would like to assure bank customers that there has been no security breach at our member banks and customers’ data has not been compromised.

This, according to ABM statement, is with reference to recent media reports regarding the websites of several organisations that have been hacked. 

Published in GENERAL

UEM Edgenta Bhd declared interim dividend of 8.0 sen per ordinary shares on back of revenue of RM1.62 billion which it posted on for the six months ended 30 June 2017 (H1 2017). 

The interim dividend of 8.0 sen per ordinary shares, which is for the financial year ending 31 December 2017 and with a total aggregate payment of RM66.5 million, will be paid to the shareholders of UEM Edgenta on 20 September 2017. 

Published in CORPORATE

Hektar Asset Management Sdn Bhd, the manager for Hektar Real Estate Investment Trust (Hektar REIT) announced that as of the closing date of the Rights Issue exercise on 15th August 2017, the Manager had successfully received acceptance and excess applications for 69,087,149 Rights Units, representing an oversubscription of 8,121,088 Rights Units or approximately 13% over the total number of 60,966,061 Rights Units available for subscription under the Rights Issue.

The Rights Issue was carried out to part finance the acquisition of 1Segamat Shopping Centre, the only shopping centre in the prime area of Segamat, Johor. 

Published in CORPORATE
Wednesday, 23 August 2017 18:35

Hartalega Continues to Deliver

Hartalega Holdings Berhad (Hartalega), the world’s largest synthetic glove manufacturer, continues to deliver consistent results. The Group recorded an excellent performance for its financial year ended 31 March 2017, registering improved top and bottom line growth with a profit after tax (PAT) of RM283.0 million and a profit before tax (PBT) of RM348.9 million, on the back of a strong revenue of RM1.822 billion.

This momentum continued in the first quarter of its current financial year ended 30 June 2017. The Group posted a higher PAT of RM96.4 million, up by 71% compared with RM56.3 million in the previous year’s corresponding quarter. PBT jumped by 69.9% to RM115.7 million from RM68.1 million in last year’s corresponding quarter, while revenue grew by 49.6% to RM601.0 million compared with RM401.8 million in the same quarter last year.

Published in CORPORATE

Dagang NeXchange Bhd (DNeX) has announced a strong set of financial results for the second quarter ended 30 June 2017 (“2Q 2017”) on the back of new business income streams.

In 2Q 2017, its revenue increased by 3.6 per cent to RM49.1 million from RM47.4 million in the corresponding quarter last year while net profit rose by 163 per cent to RM11.7 million from RM4.4 million (excluding one-off share of pre-acquisition gain of excess fair value of RM85.3 million from the acquisition in Ping Petroleum Limited).

Published in CORPORATE

Boustead Plantations Bhd (BPB) announced the proposed acquisition of 42 parcels of plantation land in Sabah, amounting to a total of approximately 11,600 hectares. 

The Group issued a letter of intent (LOI) to Pertama Land & Development Sdn Bhd for the proposed acquisition of the land, located within the district of Labuk and Sugut, Sabah, for an indicative cash consideration of RM750 million. 

Published in CORPORATE

KUALA LUMPUR, Aug 22 2017 –Universiti Teknologi PETRONAS (UTP) announced its partnership with Microsoft Malaysia today for cloud adoption in its teaching, learning, research and operational excellence. 

A 3-year Memorandum of Understanding (MoU) to formalise the partnership has been signed between the two parties and will see to it that UTP leverage on Microsoft’s cutting-edge technologies like Cortana Analytics, Power BI, Azure and Machine Learning will enable  students and faculty members to connect data across sources, drive intelligent decisions and outcomes and transform processes from end to end. 

Published in GENERAL

Malaysia’s Sunway City has been recognised as Top Smart City Initiative in Asia Pacific excluding Japan (APeJ)  under the Smart Buildings category by IDC Government Insights, a leading market intelligence and advisory firm for IT, telecommunications and consumer technology markets. 

Sunway City won as an Integrated Smart and Low-Carbon Township, alongside category winner Zero Carbon Building from Hong Kong.

Published in GENERAL

Malaysia Internet Exchange (MyIX) or also known as ‘Persatuan Pengendali Internet Malaysia’ – an initiative under the Malaysian Communication Multimedia Commission ('MCMC'), today shared on the growth of Internet traffic peered within the national Internet Exchange over a period of five years – calculated from the first half of 2012 and 2017 respectively.

According to statistics derived from MyIX, the average monthly highest peak point for data traversed per second within the MyIX exchange was 222.3Gbps, as compared to 16.4Gbps (based on the six-month average of January to June for 2012 and 2017 respectively).

Published in GENERAL

It’s not every day that a child gets told a story by the chief executive of a leading bank, but that’s exactly what several lucky ones at the Serdang Hospital Paediatric Ward got when staff of OCBC Bank (Malaysia) Bhd (OCBC Bank) and OCBC Al-Amin Bank Berhad (OCBC Al-Amin) came a-calling recently.

And OCBC Al-Amin CEO Syed Abdull Aziz Syed Kechik, who read to them from Short Kid Stories found it to be quite an experience himself!

Published in GENERAL
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