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Kobay reports higher net profit of RM15mil in 3Q

May 19, 2022 by www.thestar.com.my Leave a Comment

KUALA LUMPUR: Kobay Technology Bhd ’s net profit more than doubled to RM15.1mil in the third quarter ended March 31 (3Q) from RM7.06mil a year ago. Its revenue rose almost threefold to RM100.1mil in the third quarter against RM35.2mil a year prior. The engineering solution provider, in a statement, said growth mainly came from the manufacturing segment which saw a … [Read more...] about Kobay reports higher net profit of RM15mil in 3Q

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Life sentence requested for Russian soldier in Kyiv war crimes trial

May 19, 2022 by www.bangkokpost.com Leave a Comment

Ukraine says it has opened thousands of war crimes cases since Russia's invasion KYIV (UKRAINE) - Ukrainian prosecutors on Thursday requested a life sentence for the first Russian soldier on trial for war crimes since the start of Moscow's invasion, AFP journalists in the courtroom reported. The prosecution asked the judge to sentence the 21-year-old Russian army sergeant … [Read more...] about Life sentence requested for Russian soldier in Kyiv war crimes trial

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Thailand has no need to follow Fed’s tightening, says central bank chief

May 19, 2022 by www.thestar.com.my Leave a Comment

BANGKOK, May 19 (Reuters): Thailand has no need to raise interest rates following the Federal Reserve's hikes in US rates as domestic factors and the economic recovery will be the main issues determining policy, the central bank chief said on Thursday. The country's external position remains strong with low foreign debt and high international reserves, Bank of Thailand … [Read more...] about Thailand has no need to follow Fed’s tightening, says central bank chief

Filed Under: Uncategorized Thailand, Central Bank, No Need, Raise, Interest Rates, Economic Recovery, AseanPlus, universities having ordinance need not follow central rules, ecb joins central bank chorus hinting at faster tightening, central bank thailand

GIIB terminates suspended director

May 19, 2022 by www.thestar.com.my Leave a Comment

KUALA LUMPUR: GIIB Holdings Bhd has terminated its suspended executive director, Wong Weng Yew following the investigation report pertaining to the charges of misconduct from the external independent auditor. The technical rubber compound provider, in a Bursa filing, said that based on the investigation report, the investigation committee found sufficient grounds to hold … [Read more...] about GIIB terminates suspended director

Filed Under: Uncategorized Corporate News, GIIB, Wong Weng Yew, Business, terminator 2 director

Emerging markets: Philippine peso firms after rate hike as Asian stocks fall on growth fears

May 19, 2022 by www.thestar.com.my Leave a Comment

MANILA, May 19 (Reuters): The Philippine peso firmed on Thursday after its central bank raised rates for the first time in more than three years, while Asian shares tumbled on concerns around surging inflation, its impact on retail demand, and the threat of a recession. Stocks in Manila fell 1%, while the Philippine peso edged up 0.2%. The Philippine central bank raised its … [Read more...] about Emerging markets: Philippine peso firms after rate hike as Asian stocks fall on growth fears

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