Lazada's AI-powered 12.12 Sale Generates US$483 Mln In Consumer Savings
KUALA LUMPUR, Dec 19 (Bernama) -- Lazada's artificial intelligence (AI)-powered 12.12 All Out Sale has generated US$483 million in consumer savings across Southeast Asia.
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Banking Sector Thriving In 2024, Sees Major Acquisitions
By Karina Imran
KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.
288,000 EPF Members Register To Contribute Above The Statutory 11 Pct Employee Rate - Lim
KUALA LUMPUR, Dec 18 (Bernama) -- A total of 288,000 members of the Employees Provident Fund (EPF) have registered to contribute more than the statutory rate of 11 per cent for employee contributions as of October 2024.
Cogeneration Systems Boost Energy Efficiency By Over 70 Pct, Support Sustainability
KUALA LUMPUR, Dec 4 (Bernama) -- Cogeneration systems, which simultaneously produce electricity and useful heat from the same energy source, can boost energy efficiency by more than 70 per cent, resulting in substantially saving energy costs and contributing to long-term environmental sustainability.
Maybank Launches 'Finding MAEllionaire' Campaign
KUALA LUMPUR, Nov 29 (Bernama) -- Malayan Banking Bhd (Maybank) has introduced its "Finding MAEllionaire" campaign, offering customers the chance to win RM1 million in cash.
IBR Pushes For Energy Efficiency, Modernisation
By M. Saraswathi
KUALA LUMPUR, Nov 26 (Bernama) -- Incentive-Based Regulation (IBR), a bold transformation for Malaysia’s energy sector, is a framework used by regulators to determine efficient costs and their recovery for electricity supply and services.
Grab Malaysia's #SisBolehKuasaiKewangan Programme Boosts Women's Financial Literacy
KUALA LUMPUR, Nov 28 (Bernama) -- The #SisBolehKuasaiKewangan programme by Grab Malaysia aims at enhancing financial literacy among Grab’s women partners, helping them better manage their finances.
Welspun One Invests US$325 Mln To Develop India's Largest Logistics Facility
KUALA LUMPUR, Nov 28 (Bernama) -- Welspun One, India’s fastest-growing new-age logistics and industrial real estate manager, is investing US$325 million in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. (US$1=RM4.43)
Tropicana Corp's 3Q Net Loss Surges To RM454.93 Mln
KUALA LUMPUR, Nov 27 (Bernama) -- Tropicana Corporation Bhd’s net loss surged to RM454.93 million in the third quarter (3Q) ended Sept 30, 2024, from RM10.34 million net loss recorded in the same period last year.
AMMB 2Q Net Profit Rises To RM500.57 Mln, Declares 10.3 Sen Dividend
KUALA LUMPUR, Nov 27 (Bernama) -- AMMB Holdings Bhd’s (AmBank Group) net profit for the second quarter (2Q) ended Sept 30, 2024, climbed to RM500.57 million from RM469.78 million in the same period a year ago.
MBSB Posts Higher 3Q Net Profit Of RM122.08 Mln
KUALA LUMPUR, Nov 26 (Bernama) -- MBSB Bhd posted a higher net profit of RM122.08 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM32.84 million in the same period last year.
Govt Won't Allow Non-citizen Vehicles To Enjoy RON95 Subsidy - Economy Ministry
KUALA LUMPUR, Nov 25 (Bernama) -- The government does not intend to allow vehicles owned by non-citizens to enjoy the RON95 subsidy, said the Ministry of Economy.