<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 6): Business process outsourcing solutions provider Advance Information Marketing Bhd (AIM) plans to diversify into the franchise retailing business of pharmaceutical products and services.</p></div>

<div class=newsTextDataWrapInner><p>AIM said its wholly owned subsidiary Advance Medipharm Solutions Sdn Bhd has entered into a five-year franchise agreement with Mediconstant Holding Sdn Bhd to obtain the right to operate Constant Pharmacy outlets.</p></div>

<div class=newsTextDataWrapInner><p>The initial franchise fee is RM50,000 while another RM300,000 is required for initial product purchase for every outlet, AIM said in a filing with Bursa Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group said it will fund the franchise fee and initial startup costs via internally generated funds and bank borrowings.</p></div>

<div class=newsTextDataWrapInner><p>AIM said it will seek shareholders’ approval for this diversification because revenue derived from the new pharmaceutical business is expected to contribute 25% or more of its net profit or result in a diversion of 25% or more of the group’s net assets.</p></div>

<div class=newsTextDataWrapInner><p>Shares of AIM closed unchanged at seven sen apiece on Thursday, giving it a market capitalisation of RM18.62 million.</p></div>


Business process outsourcing solutions provider Advance Information Marketing Bhd (AIM) plans to diversify into the franchise retailing business of pharmaceutical products and services.

AIM signs franchise agreement to run retail pharmaceutical business

Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his US$36 billion (RM161.06 billion) firm and cost its lenders more than US$10 billion, federal prosecutors said on Friday.

Archegos founder Bill Hwang deserves 21 years in prison, US says

Malaysia and the Republic of Guinea should intensify their engagement, particularly in market access and technical assistance, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

Malaysia, Guinea should enhance engagement in technical assistance, says Liew

China and the European Union have reached “technical consensus” in their talks aimed at scaling back or reversing tariffs that the bloc applied to China-made electric vehicles (EVs), according to a posting on a Weibo account affiliated with the state-run China Central Television (CCTV).

China, EU reach ‘technical consensus’ in EV talks — report

Prime Minister Datuk Seri Anwar Ibrahim's maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation (Matrade).

RM1.24b potential exports to Peru generated — Anwar

A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.

EV companies, battery makers urge Trump not to kill vehicle tax credits

Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.

Musk's political ascendancy stirs hopes of redemption for X banks

The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.

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Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.

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The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

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Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.

Anwar: Malaysia never recognised Israel, steadfast in support of Palestine

<p>Over the past two weeks, oil and gas (O&amp;G) players publicly traded on Bursa Malaysia have been announcing awards from Petronas and its production sharing contract partners, for maintenance, construction and modification (MCM) as well as hook-up commissioning (HUC) services.</p>


O&G jobs coming in, more expected

<p>Wall Street's main indexes closed lower on Friday, with the S&amp;P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by US President-elect Donald Trump.</p>


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<p>The key focus at home this week is the <b>October trade and inflation data</b>, expected to be released aby the Department of Statistics Malaysia on Nov 19 and 22 respectively.</p>


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<p>Strong US economic and inflation data continue to reshape the debate among Federal Reserve (Fed) policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.</p>


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<p>Sarawak is well-positioned to benefit from the global transition towards making hydrogen as a key fuel, with a legal framework in place to manage its environment while optimising the economic value of its natural resources.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.</p>


<p>Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.</p>


<p>The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.</p>


<p>The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

<p>A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.</p>


<p>Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim's maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation (Matrade).</p>


<p>China and the European Union have reached “technical consensus” in their talks aimed at scaling back or reversing tariffs that the bloc applied to China-made electric vehicles (EVs), according to a posting on a Weibo account affiliated with the state-run <em>China Central Television</em> (<em>CCTV</em>).</p>


<p>Malaysia and the Republic of Guinea should intensify their engagement, particularly in market access and technical assistance, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.</p>


<p>Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his US$36 billion (RM161.06 billion) firm and cost its lenders more than US$10 billion, federal prosecutors said on Friday.</p>
