Friday, July 16, 2021

Business

Telenor, Axiata to merge Malaysian telecoms units

Excluding savings to be made through the merger, the new company is estimated to have a market capitalisation of close to RM50 billion.

Unemployment rate for April 2021 drops to 4.6%

This is the lowest rate since October last year.

Malaysia tops list of expansion opportunities for Chinese companies in Asean

Some 65% of Chinese companies in a recent survey place Malaysia at the top of their list.

Microsoft to establish first datacentre region in Malaysia

This is part of its 'Together with Malaysia' initiative which PM Muhyiddin says will amount to at least RM4 billion over the next five years.

Citigroup to exit Malaysia, 12 other consumer banking markets

This is part of its policy shift towards expanding wealth management operations in 'wealth centres' where the company has best scaling opportunities.

RM400 million funds pour into local stocks, bucking trend since 2019

This is significant for Malaysia as foreign investors turn into net buyers after a year which saw billions of dollars pulled out.

UOB announces pay raise, promotions for 98% of employees

Bank signals confidence in economic recovery with mid-year exercise ahead of its annual programme.

Video game platform Roblox to make Wall Street debut

Roblox, which allows users to create their own video games and gives them a share of related revenue, counted close to 33 million daily players in 2020.

Top Glove beats record profits, to pay special dividends

The company is confident that the market will remain strong even with the delivery of Covid-19 vaccines.

Palm oil prices hit highest in over 10 years

This is attributed to strong sentiment in the crude oil market coupled with the surge in the Chicago soybean oil market.

Tabung Haji announces profit distribution of 3.10%

The 2020 profit distribution involves a total payout of RM2.24 billion against RM2.14 billion in 2019.

Proton market share hits 7-year high with 11,873 units delivered in February

Proton finished the month ranked second in Malaysia with sales nearly doubling the January 2021 total of 5,964 units.

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