Items filtered by date: February 2018

British American Tobacco (Malaysia) Berhad (BAT Malaysia) announced its financial results for the fourth quarter of the year ended 31 December 2017.  

On a year-on-year (Y-O-Y) comparison, the company’s revenue and profit from operations were down following the legal market size decline compared to 2016 and the significantly reduced export volumes as a result of the factory closure. 

Published in CORPORATE

Vertice Bhd, formerly known as Voir Holdings Bhd announced the appointment of two new directors and the resignation of its Chairman. 

Former Chief Justice Rt. Hon. Tun Arifin Bin Zakaria was appointed as the new Non-Executive Independent Chairman and Datuk Dr. Azirul Salihin B. Anuar as an Independent Director of the Group.

Published in GENERAL

Seacera Group Bhd, a Bursa Malaysia Main Market listed company that is involved in the tile manufacturing, property and construction businesses, announced that its wholly-owned subsidary Seacera Builders Sdn Bhd has entered into a heads of agreement (HOA) with LT Century Development Sdn Bhd and LTC Holdings Sdn Bhd (Vendors) for the proposed acquisition of 70% equity interest in Teras Sari Resources Sdn Bhd (TSRSB) for a purchase consideration to be determined at a later date.

On the same day, TSRSB has received and accepted a Letter of Intent (LOI) from Jabatan Kerja Raya Malaysia for the project “Menaiktaraf Jalan Persekutuan (FT003) Dari Bandar Pekan ke Kampung Sungai Miang, Pekan, Pahang” which comes with a contract value of RM338.14 million.

Published in CORPORATE

Damansara Realty Bhd moved into profitability after three consecutive years of loss, recording a profit after tax of RM17.8 million for its financial year ended 31 December 2017, against a net loss of RM27.8 million last year. Revenue from its three main core segments increased by 36 percent to RM249.4 million against RM183.2 million in 2016.

The Group’s outstanding performance is attributed to the successful implementation of its turnaround programme that was introduced in November 2016 by the incoming Group Chief Executive Officer, Ts. Brian Iskandar Zulkarim. 

Published in CORPORATE

Malaysian brand, Meeracle founded by Meera Nordin and produced by Edelsteen Sdn Bhd is the first brand in Asia to introduce skin care products made from a breakthrough gemstone formula comprising diamond, ruby and pearl extracts. 

A trending ingredient in the cosmetic and beauty industry, precious gemstones are increasingly making their way into skin care products where their mineral-rich composition penetrates the skin to deliver glowing results.

Published in GENERAL

Isuzu Malaysia has officially introduced an enhanced Isuzu D-Max range with an upgraded interior and exterior alongside a fresh colour option. 

The Premium D-Max (including 3.0L and 2.5L) and D-Max Z-Prestige are now equipped with a new eight-inch touchscreen infotainment system with built-in GPS Navigation, Smart Mirroring, wi-fi, auxiliary jack, USB, iPod, Bluetooth and others. This makes the screen more user-friendly and the built-in location of official Isuzu outlets enable the customers to find the service outlets easily. 

Published in GENERAL

The National ICT Association of Malaysia (PIKOM), recently signed Memoranda of Understanding with five associations in direct effort for more local small medium enterprises (SME) to adopt eCommerce. 

The move is in line with the Government’s National E-Commerce Strategic Roadmap to boost eCommerce adoption among Malaysia’s SMEs. Under the Roadmap, the goal is to double the number of eCommerce-enabled SMEs from the present 180,000 to 350,000, by 2020. 

Published in GENERAL

BMW Group AG has appointed Harald Hoelzl to assume the roles and responsibilities as the new Managing Director and Chief Executive Officer (CEO) of BMW Group Malaysia effective March 1st, 2018.

Hoelzl will take on the role from current Managing Director and CEO, Han Sang Yun who, in turn, will take on the role as the new President of BMW Group Korea.

Published in GENERAL

AmMetLife Takaful Bhd together with AmBank Islamic Bhd yesterday officially launched ProtectSecure-i Murni at a simple ceremony held at Bangunan AmBank Group in Jalan Raja Chulan, Kuala Lumpur. 

ProtectSecure-i Murni is a Shariah compliant regular contribution family takaful plan which is designed to cater specifically for Muslim needs. It provides protection against death and Total and Permanent Disability (“TPD”), additional coverage whilst performing the hajj and umrah, with waqaf, badal hajj and funeral benefits.  

Published in GENERAL

Despite the economic growth momentum as evidenced by GDP growth of 6.2% in the 3rd quarter of 2017 (3Q2017) amidst encouraging signs in oil prices, the improved Malaysian Ringgit and business conditions, Malaysia's property market did not show much improvement in transactional activity from the downtrend that was seen since 2013. But the pace of property market slowdown had decelerated.

This is the finding by Rahim & Co in their annual publication ‘Rahim & Co Research – Property Market Review 2017/2018’ announced yesterday. It is a nationwide coverage of the property market in key sectors including residential, retail, office, hotel and industrial. 

Published in FEATURES
Page 6 of 11