Kimlun returns to the black in 2Q from a year ago, but profit drops q-o-q on FMCO effect
Group revenue rose q-o-q to RM214.33 million from RM210.28 million.
FMM calls on govt to open all economic sectors under recovery phase, do away with red tape
The FMM also urged the government to standardise the thousands of SOPs into “activity based” SOPs such as indoor or outdoor in this regard.
Wahid: Foreign worker issue needs immediate attention as planters, glovemakers face forced labour claims
In line with global commitment towards ESG, many global businesses will exclude companies that are accused of engaging in forced labour practices and modern slavery from the supply chain.
ECKL welcomes govt's announcement to move Klang Valley into Phase 2 of NRP; clearer prospects of achieving 4% GDP growth
Abdul Wahid noted no one anticipated the global Covid-19 pandemic to hit the world this badly; Malaysia is obviously not spared with its GDP contracting by 5.6% in 2020.
Finance Minister: Malaysia on recovery path supported by reopening of economy
... and it is estimated to chart better growth for 2022.
Covid-19: Malaysia’s new cases at 19,378; with 4,394 infections in Klang Valley on Sept 3
Today's new confirmed cases brought the country's total number of Covid-19 cases to 1.81 million
Cahya Mata's suspended CFO’s contract ends
Syed Hizam has been suspended since May to facilitate investigations into allegations of possible financial mismanagement in relation to the group’s investments and operations.
UEM Edgenta swings back to profit in 2Q
It is also worth noting that its financial performance in 2QFY20 was dragged by an impairment recognised for completed property inventories totalling RM50 million.
Guocoland turns around in 4Q from last year, but q-o-q earnings plunge
On prospects, Guocoland expects it to be challenging due to reduced consumer capital spending in response to the raging pandemic, coupled with large overhang of unsold properties
UEM Sunrise 2Q loss narrows amid improved sales and higher construction progress
Property sales improved substantially to RM707 million in the first half compared to RM151 million in the same period last year, following the spillover of the positive momentum in the second half of 2020
