Boustead Holdings Berhad (BHB) recorded an improved performance for its second quarter ended 30 June 2017, with a profit after tax (PAT) of RM127 million compared with RM41 million in the preceding quarter. Profit before tax came in at RM162 million while revenue stood at RM2.4 billion.
For its first six months ended 30 June 2017, the Group recorded a PAT of RM168 million compared with RM311 million in the previous year’s corresponding period. However, last year’s higher PAT was mainly attributable to gains realised on divestment of an associate company and disposal of lands.
AFFIN Holdings Berhad (AFFIN) recorded an improved profit before tax after zakat (PBT) of RM359.8 million for the half year ended 30 June 2017.
This marked an increase of RM24.5 million or 7.3% as compared to RM335.3 million for the corresponding half-year ended 30 June 2016. Profit after tax (PAT) for the first six months of the year stood at RM276.7 million, a 7.0% increase compared with RM258.5 million last year.
UMW Corporation Sdn. Bhd (UMWC)., a wholly-owned subsidiary in the UMW Group, has entered into a Letter of Intent (LOI) with Komatsu Ltd. (Komatsu) to form a strategic partnership premised on the long standing business relationship between UMW and Komatsu on 29 August 2017.
Komatsu and the UMW Group have a principal-distributor relationship spanning more than 50 years. The UMW Group holds exclusive franchise for the distribution of Komatsu heavy equipment in Malaysia, Singapore, Myanmar and Papua New Guinea.
Open Data Institute (ODI) a leading advocate of open data that is building a strong and sustainable data economy, is calling all startups across the ASEAN region to participate in its accelerator program, where they will have a chance to learn from key industry experts and leverage on the global network that ODI has to offer.
The ASEAN Data Startup Accelerator (ADSA) is a high-value mentorship program that aims to spur world-class innovation among startups and solve problems in the ASEAN region by using data. The services that the ADSA program offer is worth over USD$20,000.
Digi is now offering customers the option to pay for purchases in the App Store and for Apple Music and iTunes directly from their mobile phone account.
The service will be available to all Digi customers in Malaysia for postpaid and prepaid mobile plans. The launch of the service sees Digi take a dynamic new step in the development of its financial services and customer service.
Extending into its business network, Coca-Cola Malaysia on Monday welcomed Uber and local quick service restaurant success story Marrybrown into its Coca-Cola Ku programme to share their experiences with participants on starting up successful brands and keeping relevant to everchanging consumer needs including offering high quality service and products.
Coca-Cola KU, which stands for Coca-Cola Komuniti Usahawan, provides training for micro business owners and university undergraduates to help them succeed with a goal of economically empowering 20,000 entrepreneurs in Malaysia by 2020.