Kuala Lumpur, 27 November 2020 – Kenanga Investment Bank Berhad (“Kenanga Group”) today announced its third quarter financial results (“3Q20”). Profit before tax ("PBT") for the quarter topped RM63.3 million, a seven-fold hike from the same period last year. Consolidated PBT for the first nine months, rose to RM81.6 million, highest in over 10 years for the country’s leading independent investment bank.
This was largely driven by increased brokerage fees, higher net interest income, trading and investment income, as well as, management fee income. It also recorded a share of profits from its joint venture company, Rakuten Trade.
Subang Jaya, 27 November 2020 – Digi Telecommunications Sdn Bhd (Digi) has strengthened its 4G LTE network coverage in Perak, Penang, Kedah and Perlis, enabling more customers to enjoy reliable, high-speed mobile internet.
With new sites rolled out as well as upgrades on existing sites completed recently, Digi’s 4G LTE and LTE-A network now covers 92% and 73% of the population respectively in the northern states.
SEOUL, Nov. 27, 2020 — LG Electronics (LG) announced a number of organisational commitments that are designed to faster transform the global consumer electronics and appliance brand into a company that will be able to better weather the coming year by turning challenges into opportunities. Initiatives such as promoting customer value innovation through LG’s digital transformation strategy, creating a cross-function Quality Management Centre, establishing a North America Innovation Centre, bolstering each company’s R&D function and giving the nascent Robot Business Division a new home in the Business Solutions Company are some of the changes in store for the new year and beyond.
A notable change will be the retirement of Dan Song, the president and CEO of the Home Appliance & Air Solutions Company, who took on the role at the end of 2016 and leaves the company stronger than it has ever been. Under the leadership of the 37-year veteran of LG Electronics, LG’s H&A Company recorded the highest sales figures in the history of the company and is a key reason for LG’s strong performance this year despite the cloud of the pandemic. Taking over the reins of LG’s largest Company will be Lyu Jae-Cheol (photo), a 32-year veteran of LG and head of its Living Appliance Business since 2016.
