Homemaker turns passion in making rattan handicrafts into profit
MARANG: A homemaker from Bukit Payong here has turned her passion for producing rattan handicrafts into a lucrative money-making endeavour. Nur Fitrah Mohd Azizi, 32, an Alor Gajah, Melaka native, said she had been exposed to the world of handicrafts since childhood as her mother, Malati Baharom, 54, and late grandmother were both involved in […]
Midea Group breaks revenue and profit records with RMB 373.7 billion in 2023
FOSHAN, China: Midea Group, the world’s largest home appliance supplier, has reported impressive growth and record profits in its 2023 annual report. The company achieved a total revenue of RMB 373.7 billion, representing a year-on-year increase of 8.10%. Concurrently, the net profit attributable to shareholders reached RMB 33.7 billion, a year-on-year increase of 14.10%, marking […]
Sarawak applies prudent financial approach
BINTULU: Sarawak’s financial management is prudent, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. He said the Sarawak government adopts a systematic approach in managing the state’s finances. With increased revenue, he emphasised the need for state expenditures to focus on more strategic matters. “We must save money for the future. Avoid extravagance. […]
Homeowners can profit from solar power, says Premier
BALI: The recent amendment to the Electricity Ordinance holds significant implications for homeowners in Sarawak, allowing them to instal solar panels on rooftops, generating electricity up to 50 KW. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the amendment permits homeowners to sell excess electricity generated by solar panels back to the grid […]
Analysts positive on BFood in view of expansion plan
KUALA LUMPUR: Analysts remain positive on Berjaya Food Bhd’s (BFood) prospects based on its expansion plan despite the operator of Starbucks Coffee and Kenny Rogers Roasters (KRR) chains yesterday reporting lower second-quarter (2Q) earnings. Both RHB Investment Bank and Hong Leong Investment Bank (HLIB) Research said the company’s results for the first half of the […]
Subur Tiasa Q2 pre-tax profit up at RM29.2m
KUCHING: Subur Tiasa Holdings Bhd’s bottomline has received a major boost from increased sales price of crude palm oil (CPO) and higher logs sales volume. In second quarter ended June 30, 2022 (Q22022), Subur Tiasa chalked up group pre-tax profit of RM29.2 million from RM16.9 million in Q12022 as revenue jumped to RM171.3 million from […]
Sime Darby Plantation turns to black in Q3 2020
KUALA LUMPUR: Sime Darby Plantation Bhd has turned to black in the third quarter ended Sept 30, 2020 (Q3 2020) after recording a net profit of RM190 million against a net loss of RM243 million in Q3 2019. Revenue surged to RM3.18 billion from RM2.82 billion previously, thanks to the higher crude palm oil (CPO) […]
RHB Bank profit jumps 7.7 pct to RM2.48 bln in 2019
KUALA LUMPUR: RHB Bank Bhd’s net profit jumped 7.7 per cent to RM2.48 billion for the financial year ended Dec 31, 2019, compared with RM2.31 billion in the year before. The better performance was mainly due to higher net income, lower expected credit losses for loans and higher write-back of impairment losses for financial assets. In a filing to Bursa […]
Public Bank posts RM5.51 bln net profit For FY19
KUALA LUMPUR: Public Bank Bhd’s net profit eased to RM5.51 billion for the financial year ended Dec 31, 2019 (FY19) from RM5.59 billion recorded in the preceding financial year. Revenue, however, rose to RM22.45 billion from RM22.04 billion previously. In a filing with Bursa Malaysia, founder and chairman emeritus Tan Sri Dr Teh Hong Piow said 2019 was […]
