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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GIIB terminates suspended director
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
PKNS expects to record profit of up to RM300mil this year
SHAH ALAM: The Selangor State Development Corporation (PKNS) expects to be able to record profits of up to RM300 million this year. Selangor Menteri Besar Datuk Seri Amirudin Shari said the positive projection would be premised on the restructuring of investment and corporate elements as well as the contribution from good developments registered by the construction sector. … [Read more...] about PKNS expects to record profit of up to RM300mil this year
McDonald’s to sell Russia restaurants to local operator
BENGALURU: McDonald's Corp is selling its Russia business to its current licensee Alexander Govor and the restaurants would operate under a new brand, ending more than three decades of presence in the country following its invasion of Ukraine. The world's largest burger chain owns about 84% of its nearly 850 restaurants in Russia and became one of the biggest global brands to … [Read more...] about McDonald’s to sell Russia restaurants to local operator
No plan to issue central bank digital currency
PETALING JAYA: Bank Negara has no immediate plan to issue a central bank digital currency (CBDC) either in the form of wholesale or retail. Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus said currently, Malaysia’s domestic payment system has remained efficient to support the needs of the economy and allow real-time digital payments. “Also, our current monetary and … [Read more...] about No plan to issue central bank digital currency