Clinical Research Malaysia (CRM) inked two Memorandum of Understanding (MoU) with two prominent Singapore organisations in the field of clinical research.

This will further pave the way for better Malaysia–Singapore collaborations in advancing drug development and research capabilities between both countries.

Sunway Bhd recorded a revenue of RM5,410.3 million and profit after tax and minority interest (“PATMI”) of RM659.0 million for the current 12-month period ended 31 December 2018 compared to revenue of RM5,239.3 million and PATMI of RM620.6 million for the corresponding period of the previous financial year.

The increase in revenue of 3.3% was due to higher contributions from most business segments, while PATMI was higher by 6.2% mainly due to higher contributions from the property investment segment and the Group’s treasury operations.

Hektar Real Estate Investment Trust (“Hektar REIT”) announced its annual results for Financial Year 2018 (“FY18”) with revenue rising to RM135.1 million, up 7.6% higher compared to the same period in the preceding year, while Net Property Income (NPI) climbed to RM78.7 million, a 6.8% increase.

For the 12 months ended 31 December 2018, the Realised Income was recorded at RM42.3million which was 5.3% higher than FY2017. Overall, the market valuation of the Hektar portfolio increased by RM26.9 million in 2018.

CIMB Group Holdings Bhd reported a net profit of RM5.58 billion for financial year 2018 (“FY18”).

This raised the Group’s FY18 Return On average Equity (“ROE”) to 11.4%, and reduced its Cost-to-Income Ratio (“CIR”) to 49.8%, on a year-on-year (“Y-o-Y”) basis.

BIMB Holdings Berhad’s (“BHB”) earnings have hit a new high with Group Profit Before Zakat and Taxation (PBZT) at RM1.07 billion for the financial year ended 31 December 2018 (“FY2018”).

Mohd Muazzam Mohamed, Chief Executive Officer of BHB said “We are very pleased to announce that the strong performance translates to an after-tax ROE of 15.4%, outpacing most industry peers. Earnings per share was also higher at 40.36 sen compared with 37.94 sen in the previous financial year, while net asset per share improved to RM2.97 compared with RM2.77 as at end December 2017”.

Zurich Malaysia has announced the appointment of Mukesh Dhawan as the Chief Executive Officer (CEO) of Zurich Takaful Malaysia Berhad (ZTMB) effective March 1.

In this role, Mukesh will be responsible for executing Zurich’s strategic priorities to gain a more profitable foothold for its family takaful business in Malaysia.

Standard Chartered Malaysia together with its Islamic banking arm, Standard Chartered Saadiq Malaysia signed a Portfolio Guarantee Agreement today with Credit Guarantee Corporation Malaysia Berhad (CGC) in conjunction with the 10th anniversary of collaboration to finance small and medium enterprises (SME).

The ceremony was graced by the deputy minister of Finance, Datuk Ir. Amiruddin Hamzah.

Kenanga Investment Bank Berhad (“KIBB”) now offers trading opportunities via 12 new highly-sensitive warrants on stocks with good news flow. These 12 call warrants are European style, non-collateralised cash-settled call warrants.

“We observed that a bullish environment is highly desirable for call warrant traders. With our ears to the ground and our eyes opened to the ever-changing market trends, this issuance will attract traders as the sensitive warrants flip prices quickly, they can enter and exit with speed and ease,” said Kenanga Investment Bank’s Head of Equity Derivatives, Philip Lim.

Tapway, an emerging end-to-end tracking solutions provider today has launched VehicleTrack, an artificial intelligence (AI)-based solution that enables organisations to keep track of vehicles to gain a better understanding of their physical locations.

Using data extracted from video cameras, VehicleTrack can provide reports on traffic flow, vehicle count, vehicle classifications, vehicle types, license plates, vehicle entry and exit patterns, and others.

Standard Chartered Malaysia together with its Islamic banking arm, Standard Chartered Saadiq Malaysia signed a Portfolio Guarantee Agreement today with Credit Guarantee Corporation Malaysia Berhad (CGC) in conjunction with the 10th anniversary of collaboration to finance small and medium enterprises (SME). The ceremony was graced by Dato' Ir. Amiruddin Hamzah, Deputy Minister of Finance.

The financing scheme will be delivered in two tranches totalling RM85 million. Standard Chartered Malaysia is committing to RM75 million for the development of local SMEs while Standard Chartered Saadiq commits to RM10 million specifically to provide working capital financing to women entrepreneurs.