Author: Bernama

MAG recorded RM556 mln net operating profit in 2022

PETALING JAYA: The Malaysia Aviation Group (MAG) recorded a net operating profit of RM556 million for financial year 2022 (FY22), while net loss after interest and tax for the year was reduced by 79 per cent to RM344 million from RM1.65 billion a year ago. Its cash balance stood at

Analysts buoyant on CTOS

KUALA LUMPUR: CTOS Digital Bhd (CTOS) is seen growing at a quick rate given its defensive business model that has resilient revenue streams, despite potentially slower economic growth this year, said Hong Leong Investment Bank (HLIB). CTOS’ expansion into “new verticals” and the emergence of digital banks would help boost

Aeon cautiously optimistic on positive retail momentum

KUALA LUMPUR: Aeon Co (M) Bhd is cautiously optimistic to witness positive retail momentum, following the return of consumers to malls and shopping centres, as spending would be anchored on the stability of market conditions, improvements in overall income levels and continued policy support by the government, managing director Keiji

India more populated than China: UN

NEW DELHI: India has become more populated than China, latest United Nations data shows. India’s population is estimated at 1,428.6 million compared to China’s 1,425.7 million, a difference of 2.9 million, according to the 2023 State of World Population report of the United Nations Population Fund (UNFPA) on Wednesday. World

Territorial Army, armed forces, maritime volunteers to get special Raya aid

SHAH ALAM: The government has decided to extend the Aidilfitri Special Financial Aid to three more volunteer bodies, namely the Territorial Army Regiment, Armed Forces Reserve Force (PSAT) and Malaysian Maritime Volunteer Corps (PSMM). Prime Minister Datuk Seri Anwar Ibrahim said this was in response to applications submitted by these

Prisoners given second chance under Ihsan Madani’s programme

MELAKA: A 48-year-old mother travelled from Selangor to Melaka on a bus to meet her daughter who has been incarcerated in the Sungai Udang Prison and welcome her back to freedom today. Azah said as soon as she was told that her daughter, Nurul, has been granted an early release

2.3 mln vehicles expected daily on major expressways during Raya

KUALA LUMPUR: The Malaysian Highway Authority (LLM) expects an increase in traffic volume of up to 2.3 million vehicles daily on the three major expressways in the country starting today until May 7 in conjunction with the Aidilfitri celebration. LLM,  in a statement today, stated that the expected increase in

Food rider charged with setting fire to motorcycles 

KUALA LUMPUR: A food rider pleaded not guilty in the Sessions Court here today to a charge of causing mischief by burning 11 motorcycles and four electric scooters at a parking area of a shopping centre here last week. Azril Kamarunzaman, 34, was charged with committing the offence at the

Altantuya’s family appeals to increase RM5 mln damages award

PUTRAJAYA: The family of Mongolian model Altantuya Shaariibuu is appealing for higher compensation than the RM5 million awarded to them by the Shah Alam High Court in a suit they filed over her death in 2006. In the notice of appeal filed on Jan 16 this year, Altantuya’s family is