News by M

One of the largest global independent corporate services providers, Vistra Group, has established its first Business Process Outsourcing (BPO) Centre of Excellence (COE) in Iskandar Puteri, Johor Bahru to support its operations in Singapore and Southeast Asia, the group said in a statement today.

“Unfortunately, there is limited scope for rate cuts beyond that. Although low inflation does provide room for easing, overly aggressive cuts could result in capital outflows, which BNM might find challenging to counter with its thin forex (foreign exchange) reserves.”

George Kent said the jump in earnings was mainly contributed by higher contributions from its engineering and metering divisions.

Former president Datuk Ng Seing Liong said Rehda had proposed to the government to lower the Goods and Services Tax on building and construction materials by at least by half.

“We want to provide a platform for bumiputeras who are looking to own a home. Here, they will find the bumi units that are offered by developers.”

“We think that to improve cost of living, we should look at ways to improve people's productivity and income first.”

Scientex Bhd's net profit rose 10.7% to RM54.14 million or 23.54 sen a share for the fourth quarter ended July 31, 2016 (4QFY16) from RM48.91 million or 21.66 sen a share a year ago, on higher revenue contribution and better operational efficiency in the group's consumer packaging operations and resilient demand for its affordable properties in Johor.

Bina Puri Holdings Bhd bagged a plant building project at Petroliam Nasional Bhd's (Petronas) Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, Johor.

Setia Precast Sdn Bhd, a wholly-owned subsidiary of S P Setia Bhd, has won the Industrialised Building System (IBS) Special Award for its construction of Seri Jati affordable apartments in Setia Alam.

Tiong Nam is set to expand its warehouse capacity by 50% in three years to cement its position in the industry. The group currently operates a 4.7m sq ft warehouse space and 2,106 vehicles, making it one of the largest domestic integrated logistics players.