CIMB Group Holdings Berhad reported a record net profit of RM3.29 billion in the first half of 2018 (1H18).
It is bolstered by a gain from the sale of 20% of CIMB-Principal Asset Management (CPAM) and 10% of CIMB-Principal Islamic Asset Management (CPIAM) amounting to RM928 million and this raised the Group’s 1H18 Return On average Equity (ROE) to 11.5%, and reduced its Cost-to-Income Ratio (CIR) to 46.1%.
Tune Protect Group Berhad posted its Gross Written Premiums (GWP) of RM122.1 million with Operating Revenue (OR) of RM141.3 million and Profit After Tax (PAT) of RM13.4 million for the second quarter of 2018.
The Revenue increased to RM141.26 million while the PAT for 1H2018 recorded an 18 per cent increase year-on-year to RM31.7 million which was attributed to increased underwriting profits by 42 per cent year-on-year, from lower net claims and reduced management expenses.
Tealive operator Loob Holding Sdn Bhd and Chatime Taiwanese owner La Kaffa International Co Ltd have reached an out-of-court settlement on all disputes arising from the Chatime bubble tea brand.
In a joint press statement, they said the settlement agreement was executed yesterday resulted in both parties agreeing to withdraw all proceedings in Malaysian courts as well as arbitration in Singapore.
Organised by the National ICT Association of Malaysia (PIKOM) and supported by the Malaysia Digital Economy Corporation (MDEC), #MYCYBERSALE 2018 is happening from September 3 to 7.
This year, almost 70 per cent of the participating merchants comes from Small Medium Enterprises (SMEs).
Industrial Park Forum for Southern Region was held to address the needs to develop the next generation of industrial parks in Malaysia.
Industrial Park developers are urged to create substantive systemic change to ensure the enhancement and redevelopment of industrial parks in the country are sustainably met.
Hong Leong Financial Group Berhad (HLFG) announced its final results for the financial year ended 30 June (FY18).
Group profit before tax grew 15.8% year-on-year (y-o-y) to a record RM3,579 million, with strong contributions recorded from our commercial banking and insurance businesses, whilst net profit after tax and minority interests came in at RM1,907 million, up 26.6% y-o-y.
The Malaysian Business Sentiment Survey 2018/2019, conducted by Monash University Malaysia in collaboration with CPA Australia and Global Asia in the 21st Century Research Platform, gathers the opinions, voice and feelings of the country’s business leaders.
The survey highlights concerns that could potentially affect businesses seeking growth through investments in existing products and services in new markets and these findings merit attention if Malaysia is to remain competitive in a global economy without borders.
Lenovo, leading PC manufacturer officially unveils the new and refreshed Lenovo Legion family in Malaysia to offer modern gaming devices that consistently delivers high performances.
Lenovo Legion Towers and Lenovo Legion Cubes are designed to provide an even more premium and powerful gaming experience to fulfil the modern avid Malaysian gamers needs.
iPay88 Holding Sdn Bhd introduces its first ever ‘iPay88 Academy’ with the aim to enable the Malaysian public to gain knowledge and skills in e-commerce operations for free.
iPay88 founder and executive director, Chan Kok Long says that the iPay88 Academy is set up to directly support the most fundamental objective of the National Strategic E-Commerce Roadmap – which is to accelerate seller adoption of e-Commerce in Malaysia.
Malaysian Global Innovation & Creativity Centre (MaGIC) launched the MaGIC Amplify Accelerator aimed at increasing and intensifying the impact of already-accredited and non-accredited impact driven enterprises (IDEs) or social enterprises (SEs) in Malaysia.
Their main aim is to address pressing societal issues such as access to education, youth at risk, marginalised communities and advocating for environment care such as minimising wastage, promoting upcycling as well as environmental conservation.
