growth potential


Deputy minister says Malaysian GLCs should tap prosperous Chinese market

QINZHOU, Sept 13 — Government-linked companies (GLCs) should tap the booming China market with its prosperous economy and growth potential. Deputy International Trade and Industry Minister Ong Kian Ming said the automotive sector,…

Sapura Energy active, up after KWAP’s vote of confidence


KUALA LUMPUR (Sept 7): Sapura Energy Bhd was actively traded this morning, following a report on Kumpulan Wang Persaraan (Diperbadankan) (KWAP)’s commitment to its entitlement in the group’s cash call of up to RM4 billion. As of writing, the stock was up 1 sen or 2.99% to 34.5 sen, with 28.1 million shares done. The Edge Financial Daily reported today KWAP would support the proposal, as the retirement fund sees potential growth in the oil & gas company in light of expectations of a steady oil price.  The oil price hasRead More

Coca-Cola buys coffee chain Costa for US$5.1b

LONDON, Aug 31 — Coca-Cola today said it had agreed to buy international coffee chain Costa from its UK owner Whitbread, in a deal that gives the beverages behemoth its first global coffee brand. “Hot beverages is one of the few remaining…

CMS records significant improvement in earnings for 1H18


KUCHING: Cahya Mata Sarawak Bhd (CMS) recorded significant improvements for its performance for first half of 2018 (1H18), driven by its associates’ healthy numbers. Beyond this, CMS believes that its growth strategy for its strategic investments are expected to drive the next wave of growth for CMS Group. Last week, CMS reported a total revenue […]

M'sian rubber glove industry expects revenue of RM18.8b in 2018

PETALING JAYA, Aug 23 — Malaysia’s rubber glove industry expects to generate revenue of RM18.8 billion this year, up from RM16.2 billion in 2017, due to robust global demand, says the Malaysian Rubber Glove Manufacturers…

EY to spend US$1 bln upgrading technology, innovation drive

KUALA LUMPUR: EY has announced plans to invest US$1 billion in new technology solutions, client services, innovation and the EY ecosystem over the next two financial years, commencing from July onwards. In a statement, it said, this move was part of an ongoing strategy to provide clients and people with innovative offerings using the latest […]

Maxis launches up to 65pc cheaper fibre broadband plans

KUALA LUMPUR, Aug 20 — Communications and Internet service provider, Maxis Bhd, has launched new fibre broadband plans for both consumers and businesses with prices at up to 65 per cent lower than the previous plans. Both the new consumer and…

This is how Southeast Asia’s internet economy will become a US$200 billion industry by 2020

With more than 330 million internet users in Southeast Asia (SEA), various researchers and analysts has highlighted that eCommerce in the region is well on track to become a major industry in the years to come. A research by Google indicated that SEA’s internet economy growth has exceeded expectations and has reached US$50 billion in […]

HSBC’s growth misses as new chief Flint bets on Asia markets

LONDON, Aug 6 — HSBC Holdings Plc’s aggressive bet on Asian markets hasn’t been enough to cushion a slump in Europe. The emerging-market lender’s second-quarter results met with a lukewarm reception from investors after adjusted revenue…

China’s empire of money is reshaping lives across New Silk Road

SINGAPORE, Aug 2 —  China is building a very 21st century empire — one where trade and debt lead the way, not armadas and boots on the ground. If President Xi Jinping’s ambitions become a reality, Beijing will cement its position at the…