KUALA LUMPUR, Hong Leong Industries Bhd’s net profit rose to RM387.89 million in the financial year ended June 30, 2024 (FY2024), up from RM290.61 million in FY2023, due to a sales mix of higher-margin motorcycle models.

In a filing with Bursa Malay…

KUALA LUMPUR, Malaysia has recorded a 14.3 per cent increase year-on-year (y-o-y) in air passenger traffic, with 8.8 million passengers in July 2024 versus 7.7 million in the same month a year ago, according to the Malaysian Aviation Commission (MAVC…

KUALA LUMPUR, Bank Islam Malaysia Bhd posted a slightly higher net profit of RM137.16 million in the second quarter ended June 30, 2024 (2Q 2024) compared to RM136.13 million a year ago.

Revenue in the quarter increased to RM1.14 billion against RM1…

KUALA LUMPUR, Analysts were divided on Sarawak Plantation Bhd’s outlook, despite higher core earnings of RM17 million in the second quarter of the financial year 2024 (2Q 2024), a 39 per cent increase year-on-year (y-o-y).

The plantation company’s s…

KUALA LUMPUR, The Employees Provident Fund (EPF) has appointed Tan Sri Mohd Zuki Ali as its new chairman, effective Sept 1, 2024.

Mohd Zuki, previously the 15th chief secretary to the government, will be taking over from Tan Sri Ahmad Badri Mohd Zah…

KUALA LUMPUR, The Malaysian Institute of Economic Research (MIER) forecasts that the ringgit could strengthen to between 4.20 and 4.25 against the US dollar by the end of 2024, up from 4.59 at the close of 2023.

However, MIER cautioned that the pers…