PETALING JAYA: Comintel Corp Bhd’s wholly owned subsidiary Green Waste Management Sdn Bhd has received a letter of intent from Vietnam based Thanh Cong Cooperative, to supply, install and commission a waste to energy system for the Xuan Son Municipal Solid Waste Treatment Plant.
The group said in a Bursa Malaysia filing that it had received the letter of intent on January 17, which serves as “basis of consensus” between the two parties to examine the feasibility of the project until a definitive agreement is forged.
The price of the contract is still under negotiation.
The contract will not have any material impact for the financial year ending Jan 31, 2018 but will contribute positively to the future earnings of the should the deal materialise.
The stock gained 0.63% to close at 80 sen with some 1.22 million shares traded.
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KUCHING: Sime Darby Property Bhd (Sime Darby Property) has potential to unlock the group’s vast strategically-located land bank measuring 20,763 acres with estimated gross development value (GDV) of circa RM100 billion. Given the group’s large tracts of land, the research arm of Public Investment Bank Bhd (PublicInvest Research) believed Sime Darby Property would continue to […]
PETALING JAYA: BMW Group Malaysia’s car sales grew 16% in 2017 to a fresh high of 12,680 units against 10,906 units in 2016.
It’s the automaker’s seventh consecutive all-time high performance.
BMW Malaysia said in a statement that the BMW brand expanded 18% last year, delivering a total of 10,618 BMW vehicles from 9,000 vehicles in 2016, predominantly driven by the BMW 3 Series with 3,564 units delivered.
“The BMW X5 xDrive40e is also a key contributor of the brand’s performance, with over 3,000 units sold last year.”
MINI also delivered its best record performance in 2017 with 1,010 MINI vehicles delivered, representing a 12% against 902 units in 2016. Meanwhile, BMW Motorrad saw a 5% increase from 1,004 to 1,052 units of its motorcycles.
Globally, the premium automaker also achieved a new all-time sales high with a total delivery of 2.46 million vehicles.
BMW Group Malaysia managing director and CEO Han Sang Yun said the company is committed more than ever to serve Malaysia and the Southeast Asian region from Malaysia this year and set another benchmark with utmost excellence for the premium automotive industry.
“Going into 2018, with the continued support of the Malaysian government, our customers and our strong dealership network, we will realise our investments and plans for the region here and we hope in sustaining this momentum and achieving yet another milestone for the group and the country,” he noted.
BMW Group Malaysia will begin delivery of the first BMW 3 Series, BMW 5 Series and BMW 7 Series to Vietnam and the Philippines this year. Its assembly plant in Kulim increased its local assembly capabilities to over 10,000 vehicles in 2017 with an investment of over RM 10 million for the expansion.
“This year is our 15th year of operations in Malaysia and we are very proud to have established ourselves as the leading provider of premium individual and sustainable mobility. We look forward to another year of growth in every aspect – from our sales to the maturity of our product portfolio to our leadership in electromobility and future mobility here in Malaysia,” said Han.
Driving its product portfolio of BMW Hybrid vehicles with eDrive Technology forward, BMW Malaysia also noted that it will continue to prioritise on infrastructure and mobility services in its strategy to make electric driving a more comfortable and convenient experience and a daily pleasure.
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