Business

Scientex takeover of Daibochi expected to deliver positive results

Analysts say this could be an indication of further industry consolidation
By NG MIN SHEN / Pic By MUHD AMIN NAHARUL Scientex Bhd’s takeover of ...

Co-opbank registers 32% increase in profit

By SHAHEERA AZNAM SHAH / Pic BY MUHD AMIN NAHARUL
Co-opbank Pertama Malaysia Bhd (CBP) has registered an unaudited profit before zakat of RM52.32 ...

Scientex’s bid for Daibochi turns into mandatory offer

By FARA AISYAH 
Scientex Bhd’s bid for Daibochi Bhd has become a conditional mandatory takeover offer after the latter’s shareholders approved its ...

London banker sues UOB for race discrimination

By BLOOMBERG
SINGAPORE • A former official at United Overseas Bank Ltd’s (UOB) London branch is suing for unfair dismissal after saying he was denied a ...

Higher CPO prices a boon to Felda settlers

The rise of CPO prices would also allow oil palm firms to have a stronger cashflow position, says expert
By ALIFAH ZAINUDDIN / Pic By TMR The rising ...

Zalora expects to achieve profitability within 5 years

The e-commerce market in Malaysia is growing faster at 22%, according to COO
By LYDIA NATHAN / Pic By ISMAIL CHE RUS Online fashion platform Zalora ...
Axiata

Axiata shares fall on RM2b CGT bill

By FARA AISYAH / Pic By ISMAIL CHE RUS
Axiata Group Bhd shares fell 4.36% or 17 sen last Friday after Ncell Pte Ltd — and its major shareholder Axiata ...

Light-sensor headwinds to impact Globetronics in 4Q18

By DASHVEENJIT KAUR
Headwinds seen in Globetronics Technology Bhd’s light-sensor business is expected to take a toll in the company’s fourth quarter ...

TNB inks MoU with 3 listed firms

By SHAZNI ONG
Tenaga Nasional Bhd’s (TNB) wholly owned subsidiary TNB Energy Service Sdn Bhd (TNBES) through its unit, Maevi Sdn Bhd, has signed a ...

Indonesia sees RM6.5b windfall from halal labelling rule

By BLOOMBERG
JAKARTA • Indonesia is set to make halal labelling mandatory for consumer products and services this year with the government assuming ...

Rocky road ahead for commercial vehicles on uncertainties, weak ringgit

Demand for lorry and bus subsegments are forecast to be the most impacted this year
By RAHIMI YUNUS / Pic By MUHD AMIN NAHARUL The commercial vehicles ...

TM’s earnings downtrend to continue on stiffer competition

In June 2018, competition stiffened following regulatory changes with the MSAP implementation
By NG MIN SHEN / Pic By TMR Telekom Malaysia Bhd (TM) is ...