Blee on MyBazar, Malaysia's own homegrown online marketplace has showcased yet another local brand that we can be proud of – Nori.
This all-natural skincare brand was launched on the popular e-commerce platform on the 10th of August 2018 and it has caused great interest amongst savvy online shoppers who are eager for a product of distinctive quality that is 100% local.
AirAsia celebrates its maiden flight from Bangkok, Thailand to Kota Kinabalu, Malaysia yesterdday.
The unique route, which marks the first AirAsia Thailand’s flight to East Malaysia, is a testament to AirAsia’s commitment to further grow Kota Kinabalu hub.
Sunway Construction Group Bhd announced a revenue of RM544.3 million and profit before tax of RM45.2 million for the current quarter ended 31 March 2018, compared to revenue of RM417.3 million and profit before tax of RM41.9 million in the corresponding quarter of the preceding financial year.
The Group's revenue increased by 30.4% mainly due to the construction segment which was offset by a decline in its precast segment. The Group's margin was slightly affected due to a decline in profitability in the precast segment.
Kejuruteraan Asastera Berhad (‘KAB’), a home-grown electrical and mechanical engineering specialist listed on the ACE Market of Bursa Malaysia Securities Berhad, maintained its positive momentum by registering improved year-on-year performance for its second quarter ended 30 June 2018.
During the quarter under review, KAB posted revenue of RM38.51 million, which was a 29% increase, when compared with revenue of RM29.87 million registered in the corresponding quarter a year ago. Subsequently, KAB’s profit before tax during the said quarter rose to RM4.48 million from RM2.11 million last year, marking a notable increase of 112%.
Hektar Asset Management Sdn Bhd, the Manager of Hektar Real Estate Investment Trust announced that Hektar REIT recorded a higher revenue of RM34 million for the second quarter ended 30 June 2018 (“2Q18”), up 10% from the corresponding period (“2Q17”). Net Property Income (“NPI”) reached RM19.5 million, an increase of 8% for 2Q18 from the preceding year quarter, 2Q17.
“We are pleased that our portfolio optimization exercise which is being carried out throughout all of our 6 shopping malls in our asset portfolio is showing results. This was done on top of active leasing, aggressive marketing and value creation initiatives to improve long-term yields,” said Chief Executive Officer Datuk Hisham bin Othman.
ELK-Desa Resources Bhd, a non-bank lender focused in the used-car segment, has started its 2019 financial year on a positive note due to healthy macro-economic factors and improving consumer sentiment.
For the first quarter ended 30 June 2018, the Group registered higher revenue of RM28.82 million, a 13% increase, compared to revenue of RM25.57 million registered in the corresponding quarter a year ago. Profit before tax for the said quarter increased by 55% to RM10.72 million from RM6.90 million last year, mainly due to increase in hire purchaser portfolio and significantly lower impairment allowance.
Kenanga Futures Sdn Bhd is back with its second nationwide campaign, “Back 2 The Futures” – a campaign that enables domestic clients to access both the U.S. and Malaysian listed derivatives on CME Group and Bursa Malaysia Derivatives Bhd, respectively, and be rewarded.
Taking place from 15 August to 15 November 2018, the Campaign rewards petrol cards worth up to RM200 to new individual clients who trade BMD products, including new and existing clients who open an account and trade CME Group products.
The United Nations Development Programme (UNDP) Malaysia Country Office and Malaysian Global Innovation & Creativity Centre (MaGIC) yesterday launched the first ever UNDP Youth Co: Lab Malaysia.
Youth Co:Lab is a UNDP Asia-Pacific youth entrepreneurship initiative to position young people front and centre in order to solve the region’s most pressing challenges. UNDP, MaGIC and Citi Foundation are in collaboration to instigate, catalyse, and sustain youth innovation by supporting the region’s youth-led startups and social enterprises through Youth Co:Lab Malaysia.
Petronas Dagangan Berhad (PDB) and Common Ground, Malaysia’s largest leading coworking space, yesterday announced its partnership to spur the growth of Malaysia’s existing startup ecosystem through providing the community a conducive platform to network and co-create revolutionary ideas.
As part of the partnership, PDB and Common Ground will also be curating a collaborative program that focuses on guiding and mentoring startups to enable the corporations to innovate solutions that are relevant to PDB’s business.
BMW Group Malaysia yesterday delivered the first units of the recently unveiled MINI Countryman for its export programme to Thailand. The variants exported to Thailand are the MINI Cooper S Countryman and the MINI Cooper S Countryman Hightrim.
Harald Hoelzl, Managing Director and CEO, BMW Group Malaysia said, “The INOKOM Corporation plant in Kulim, Kedah, which is a partnership between Sime Darby Berhad and BMW Group Malaysia, are among 30 production sites in 14 countries around the world for the BMW Group and is an important touch point for us in the South East Asian region.”