Government tech provider Scicom (MSC) Bhd weathered the unexpected change of government last year fairly well, amid global economic uncertainties.

Global economic challenges have resulted in a decreased contract volume, which has weighed down on Scicom’s earnings. However, returns to sh...

Highest return on equity over three years: INDUSTRIAL PRODUCTS & SERVICES: Scicom - Stable returns amid uncertainty

Harbour-Link Group Bhd took home The Edge Malaysia Centurion Club corporate award for highest return on equity (ROE) for the transport sector.

The shipping, marine, integrated logistics, engineering and construction outfit was established in 2002. It consolidated all of the group’s busi...

Highest return on equity over three years: TRANSPORT & LOGISTICS: Harbour-Link Group - Strikes the right chord

Shipping players have been facing rough financial seas, owing to global and regional economic uncertainties in recent years. Despite this, Shin Yang Shipping Corp Bhd has sailed through on the wave of resilience while growing its bottom line.

In the financial year ended June 30, 2018 (F...

Highest growth in profit after tax over three years: TRANSPORT & LOGISTICS: Shin Yang Shipping Corp - Rides out industry storm

Amid an intensely competitive business landscape, Tasco Bhd has shone by virtue of successfully defending the returns of its shareholders despite biting the bullet to venture into new business areas.

In the three-year period under review, the company’s share price has fluctuated but rem...

Highest Returns to Shareholders over three years: TRANSPORT & LOGISTICS: Tasco - Defends shareholder returns despite growing pains

Keynote address by Minister of Finance Lim Guan Eng

 

Ladies and Gentlemen

A very good evening to everyone.

 

THE CENTURION CLUB 2019

I would like to thank Datuk Tong Kooi Ong and The ...

Putting Malaysia back in business and Malaysians back to work

Hai-O Enterprise Bhd can be likened to its namesake, the seagull, which is adept at swimming, walking and flying — an apt description of how the company has always dealt well with change.

Founded in 1975 by Tan Kai Hee as a business selling mainly traditional Chinese medicine (TCM), Hai...

Highest growth in profit after tax over three years & Highest Returns to Shareholders over three years: CONSUMER PRODUCTS AND SERVICES: Hai-O Enterprise - Soaring high for the past 40 years

In its 2018 annual report, Country View Bhd says, “Sustainability is integral to the way we conduct our business activities.”

Not surprisingly, this philosophy helped the Johor-based property developer pick up not one but two awards in the inaugural The Edge Malaysia Centurion Club Corp...

Highest return on equity over three years & Highest growth in profit after tax over three years: PROPERTY: Country View - Delivering sustainable growth despite tough conditions

Investors of Paramount Corp Bhd should be a contented lot as the property group has consistently paid out decent dividends over the years despite the slowdown in the domestic property market.

For the year ended Dec 31, 2018 (FY2018), it paid shareholders a gross dividend per share of 8....

Highest Returns to Shareholders over three years: PROPERTY: Paramount Corp - En route to becoming a pure play in sector

Oil and gas (O&G) outfit Deleum Bhd came out tops in two categories of The Edge Malaysia Centurion Club Corporate Awards 2019, namely the Highest Return on Equity Over Three Years and the Highest Returns to Shareholders Over Three Years.

The company managed an average weighted ROE o...

Highest return on equity over three years & Highest Returns to Shareholders over three years: ENERGY: Deleum - Financials show company’s model sustainable

A compound annual growth rate (CAGR) of 12% saw oil and gas long-timer Uzma Bhd win The Edge Malaysia Centurion Club corporate award for the Highest Growth in Profit After Tax Over Three Years in the energy sector for the evaluation period of the financial year ended June 30, 2015 (FY2015) to FY2...

Highest growth in profit after tax over three years: ENERGY: Uzma - Perseverance in the face of low oil prices

The emphasis on a quality education is more pronounced now than it has ever been before as employers seek graduates who are equipped with the resources and capabilities to grow the knowledge economy.

Recognising this, SEG International Bhd (SEGi), which operates the SEGi Group of Colleg...

Highest return on equity over three years: CONSUMER PRODUCTS AND SERVICES: SEG International - Delivering high yields through the provision of affordable higher education

The operating environment for Opcom Holdings Bhd is getting increasingly tough, so it is to the fibre-optic cable manufacturer’s credit that it has managed to deliver reasonable returns to shareholders over the last three years.

Opcom’s net profit grew a strong 67.1% to RM7.42 million i...

Highest return on equity over three years & Highest growth in profit after tax over three years: TELECOMMUNICATIONS & MEDIA + UTILITIES: Opcom Holdings - Reasonable returns despite tough times

Penang’s water service provider PBA Holdings Bhd has been able to deliver decent returns to shareholders over the years despite growing challenges, which include a need for a water tariff hike in the state.

The group fell into a net loss of RM103.43 million for the financial year ended ...

Highest Returns to Shareholders over three years: TELECOMMUNICATIONS & MEDIA + UTILITIES: PBA Holdings Shareholders rewarded since listing in 2002

Some say Econpile Holdings Bhd’s work is not visible even though the company is involved in many mega infrastructure projects, including rail projects such as the MRT and LRT in the Klang Valley and many skyscrapers in Kuala Lumpur.

Indeed, construction can only start after Econpile has...

Highest return on equity over three years: CONSTRUCTION: Econpile Holdings - On solid foundations to weather economic downturn

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

A major win in Sarawak’s bid to reclaim rights

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Treasuries rally as data points to a September rate cut

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Deputy PM Fadillah pays courtesy visit to Vietnamese PM, strengthens bilateral cooperation

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street rebounds on tech recovery, small caps jump after benign inflation data

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Malaysia urges Asean dialogue partners to support ceasefire in Gaza

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

US charges Citron's Andrew Left over alleged multi-million fraud scheme

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Malaysia steps up efforts to finalise South China Sea code of conduct

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC 

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

The prestigious five-star Lexis Hibiscus 2 luxury resort is currently under construction by the KL Metro Group and is expected to be completed by 2029, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Construction of RM1.6 bil GDV Lexis Hibiscus 2 resort will be completed in 2029

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit surged 46.37% in the third quarter from a year earlier, thanks to higher sales volume and stronger US dollar. &nbsp;

Net profit for three months ended May 31, 2024 (3QFY2024) climbed to RM9.09 million or earnings per share of 1.96 sen, from RM6.21 million or 1.34 sen per share recorded in 3QFY2023. &nbsp;

Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback

Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub.

Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology &amp; Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia.

Cyberview signs three MOUs to make Cyberjaya a global technology hub

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce &amp; Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.&nbsp;

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

Penang Port Sdn Bhd (Penang Port) on Friday announced the acquisition of five Kalmar container handling machines to optimise operations and improve service levels.

Penang Port acquires Kalmar container handling equipment to enhance services

A new recruitment of 3,950 staff, comprising 3,200 medical officers, 350 dental officers and 400 pharmacy officers, will be made through contract (interim) appointments, the Ministry of Health (MOH) said.

More than 3,900 contract officers to be appointed in latest recruitment — MOH

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

Eastern European Union (EU) members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions were imposed on the company.

Hungary says it will face fuel shortages from September without Lukoil supplies

The government will now determine the locations for distributing subsidised cooking oil packets to retail outlets to prevent further leakage of controlled goods, says Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

KPDN to set subsidised cooking oil distribution locations to curb leakage — Armizan

Digital Penang has announced the Market Access Thailand programme, which aims to propel Penang’s startups into Thailand’s market and create opportunities for exponential growth and innovation.

Digital Penang announces cross-border startup collaboration with Thailand

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

The Edge Malaysia Centurion Club Corporate Awards 2019

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