Category Archives: Lifestyle

PNB to gradually increase foreign equity holding

KUALA LUMPUR,  Permodalan Nasional Bhd (PNB) is planning to gradually increase its foreign equity holding, especially in the United Kingdom, the United States and Europe, as well as looking into emerging markets. PNB group chairman Tan Sri Dr Zeti Akhtar

PNB declares 5.5 sen income distribution for ASB

KUALA LUMPUR,  Permodalan Nasional Bhd (PNB) has announced an income distribution of 5.00 sen a unit and a bonus of 0.50 sen for Amanah Saham Bumiputera (ASB) for 2019, despite a 7.2 per cent contraction in Bursa Malaysia’s FBM KLCI

PNB announces 2.75 sen income distribution for ASN

KUALA LUMPUR,  Permodalan Nasional Bhd today announced an income distribution of 2.75 sen per unit for Amanah Saham Nasional (ASN) for financial year 2019. This reflects a dividend yield of 4.4 per cent based on the Net Asset Value (NAV)

Duopharma Biotech bullish on performance outlook next year

KUALA LUMPUR,  Duopharma Biotech Bhd continues to have a bullish outlook for its group performance next year, leveraging the country’s higher healthcare allocation under the 2020 Budget. Group managing director Leonard Ariff Abdul Shatar said the increased allocation for the

Licences to be revoked if oil palm landowners fail to get MSPO cert next year

KUALA LUMPUR, Oil palm landowners with land over 40 hectares risk getting their licence revoked if they fail to secure the Malaysian Sustainable Palm Oil (MSPO) Certification from next year onwards, says Primary Industries Minister Teresa Kok. She said the

Dr M launches MPOB’s technology for oil palm phenolics

KUALA LUMPUR, Prime Minister Tun Dr Mahathir Mohamad today launched Malaysian Palm Oil Board (MPOB)’s world-class technology for harnessing oil palm phenolics. Developed by scientists in MPOB and unveiled at the PIPOC 2019 today, oil palm phenolics are powerful water-soluble

Finterra signs MoU with DHS to establish endowment fund

KUALA LUMPUR, Finterra Technologies Sdn Bhd recently signed a memorandum of understanding (MoU) with DHS Hospitality Academy Sdn Bhd (DHS) to establish an endowment fund on a platform built on blockchain. Under this new partnership, Finterra enables DHS to establish

Labuan Chinese Chamber sends proposal to address flight issues, airfare

LABUAN, The Labuan Tiong Hua Chamber of Commerce has sent a proposal to address the infrequent flights and costly airfare issues to rural air services provider, MASwings. Its president, Datuk Wong Kii Yii said the proposal was submitted in view

Batu Kawan net profit falls to RM363.49 mln

KUALA LUMPUR, Batu Kawan Bhd’s net profit for the financial year ended Sept 30, 2019 fell to RM363.49 million from RM365.68 million a year ago. Revenue declined 15.3 per cent to RM16.05 billion from RM18.95 billion previously, due to weaker

MITI hopeful India will eventually be part of RCEP – Darell

KUALA LUMPUR, The Ministry of International Trade and Industry (MITI) hopes India will eventually join the Regional Comprehensive Economic Partnership (RCEP) after delaying its decision to join the trade pact. Its minister, Datuk Darell Leiking said New Delhi would definitely