Lembaga Tabung Angkatan Tentera (LTAT) or the Armed Forces Fund Board registered an increase in unaudited net profit of RM667.1 million for the financial year ended 31 December 2017.
This marks a substantial 12.1 per cent increase compared with the previous year’s RM595 million.
Petronas, via its wholly owned subsidiary Petronas Hartabina Sdn. Bhd. signed a Share Sale and Purchase Agreement (SPA) for the sale of Petronas’ 100% interest in Prince Court Medical Centre (PCMC) to Khazanah Nasional Berhad, via its wholly owned subsidiary Pulau Memutik Ventures Sdn. Bhd.
“Petronas is pleased to witness PCMC’s recent transformation in becoming a self-sustaining and profitable organisation with strengthened financials and solid operational foundation.
The Institute of Chartered Accountants in England and Wales (ICAEW) expects Malaysia’s gross domestic product (GDP) to rose at 5.2 per cent in 2018, easing slightly from a 5.9 per cent close in 2017 on the back of slightly tighter credit conditions and moderation in export growth.
Institute of Chartered Accountants in England and Wales (ICAEW) Economic Advisor and Oxford Economics Lead Asia Economist Sian Fenner said he 2018 outlook will be determined more by the health of Malaysia’s import partners and global trade dynamics.