SEOUL, Nov, 01, 2021 — LG Electronics Inc. (LG) today announced third-quarter 2021 consolidated revenues of KRW 18.79 trillion (USD 16.23 billion), an increase of 22 percent from the same quarter last year and the highest quarterly revenue in the history of LG Electronics. Profitability also was strong in the quarter but was partially offset by a one-time charge. Operating profit of KRW 540.7 billion (USD 466.99 million) was 49.6 percent lower than the third quarter the previous year, reflecting a provision of KRW 480 billion (USD 415 million).

The LG Home Appliance & Air Solution Company posted third-quarter 2021 revenues of KRW 7.06 trillion (USD 6.1 billion) with operating profit of KRW 505.4 billion (USD 436.51 million). Sales increased 14.7 percent from the same quarter last year, exceeding KRW 7 trillion for the first time on the back of strong growth in the Americas and Europe. Product competitiveness and operational efficiencies are expected to help LG maintain growth momentum although at a slower pace due to increasing raw material costs.

Kuala Lumpur, 1 November 2021: DHL Express, the world’s leading international express service provider, announced that it will invest RM200 million to build its first fully auto sort gateway at the Kuala Lumpur International Airport (KLIA). This is the largest investment in Malaysia to date and is part of the company’s expansion plans to meet the demands of Malaysia’s growing logistics sector. 

Today, the company held a groundbreaking ceremony to mark the commencement of the gateway construction which is due to complete by Q1, 2023. The ceremony is jointly officiated by Yang Berbahagia Datuk Isham bin Ishak, Secretary General, Ministry of Transport Malaysia and Julian Neo, Managing Director of DHL Express Malaysia and Brunei. 

SELANGOR, 01 November, 2021 - As Malaysia’s digital gig economy continues to grow, Workana, a leading freelancer platform, has partnered with Permodalan Negeri Selangor Berhad (PNSB) to launch the Selangor Freelance Initiative (Inisiatif Selangor Freelance). The programme aims to accelerate the competitiveness of Selangorians by upskilling them with the necessary training to increase their employability. 

Malaysia’s gig economy is becoming increasingly relevant as the country’s unemployment grows — an Employee Provident Fund’s (EPF) 2019 study estimated that nearly 40% of the Malaysian workforce would be gig workers in the next five years, double the global average.