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Business & Finance

April CPI rises 0.2 pct

KUALA LUMPUR, Malaysia’s Consumer Price Index (CPI), which measures headline inflation, increased by 0.2 per cent in April 2019 to 121.1 compared with 120.9 in the corresponding month last year. The Department of Statistics (DoS)…

Malaysia ranks 56 out of 87 countries in mobile download speeds

KUALA LUMPUR, Malaysia ranked 56 out of 87 countries in terms of mobile download speed with an average speed of 11.5 Megabits per second (Mbps) between Jan 1-March 31, 2019. In the State of Mobile…

QL Resources’ FY19 net profit rises to RM216.74 million

KUALA LUMPUR, QL Resources Bhd’s (QL) net profit for the financial year ended March 31, 2019, (FY19) increased to RM216.74 million from RM194.98 million recorded in the previous financial year. Revenue rose to RM3.61 billion…

Sena to launch mobile traffic application by year-end

SINGAPORE, Sena Traffic Systems Sdn Bhd, a smart traffic control company that uses artificial intelligence (AI) to ease traffic woes, aims to launch its mobile application for consumers by year-end. Group technical advisor Leong Siew…

Mah Sing eyes more prime land in Klang Valley

KUALA LUMPUR, Mah Sing Group Bhd aims to buy up more prime land in the Klang Valley area, backed by its healthy balance sheet of cash and bank balances at RM1.3 billion for the first…

Affin Bank posts lower Q1 net profit of RM137 million

KUALA LUMPUR, Affin Bank Bhd recorded a lower net profit of RM137.23 million for the first quarter ended March 31, 2019 (FY19) from RM141.47 million in the same quarter last year. Revenue, meanwhile, dropped slightly…

Alibaba Cloud launches China Gateway Programme

SINGAPORE, Alibaba Cloud today launched its China Gateway Programme to assist small medium enterprises (SMEs) enter the Chinese market. Alibaba Cloud Intelligence Malaysia general manager Kenny Tan said the programme gives SMEs the necessary push,…