<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 15): Heineken Malaysia Bhd’s net profit rose 5% to RM90.47 million or 29.95 sen per share in the second quarter ended June 30, 2023, from RM86.07 million or 28.49 sen per share a year ago, after efficiency gains through cost and value initiatives mitigated lower revenue.</p></div>

<div class=newsTextDataWrapInner><p>It declared an interim dividend of 40 sen per share during the quarter under review, payable on November 10.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing on Tuesday (Aug 15), the brewer said revenue fell over 11% to RM569.24 million from RM644.58 million a year ago due to lower sales, attributed to weak consumer sentiment driven by rising cost of living and currency volatility.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a separate statement, the group touted a strong base in the second quarter of 2022 as the market experienced an upsurge in sales following the reopening of the economy and international borders at the start of the endemic phase.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>“The group views this quarter’s performance as a form of market correction,” it said.</p></div>

<div class=newsTextDataWrapInner><p>For the six months ended June 30, 2023, net profit was marginally, or 1%, higher at RM200.4 million from RM199.46 million the same corresponding period a year ago.</p></div>

<div class=newsTextDataWrapInner><p>Revenue was slightly, or 2%, lower at RM1.31 billion from RM1.34 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


Heineken Malaysia Bhd’s net profit rose 5% to RM90.47 million or 29.95 sen per share in the second quarter ended June 30, 2023, from RM86.07 million or 28.49 sen per share a year ago, after efficiency gains through cost and value initiatives mitigated lower revenue.

Heineken Malaysia’s net profit up 5% in 2QFY2023 

China released three Americans as part of a prisoner swap between the Biden administration and the Chinese government, according to people familiar with the matter, a rare moment of cooperation between the adversaries.

Three Americans released from China in fresh prisoner swap

Opec+ will delay Sunday’s online meeting on oil production curbs to Dec 5, according to delegates who asked not to be identified.

The group is set to discuss whether to proceed with reviving supplies, beginning with an increase of 180,000 barrels a day in January.

Opec+ delays online meeting on supply to Dec 5, delegates say

Alliance Bank Malaysia Bhd (KL:ABMB) said its second-quarter net profit increased marginally by 2.47% year-on-year (y-o-y), mainly driven by revenue growth which was offset by higher allowances for expected credit losses and operating expenses.

Alliance Bank’s 2Q net profit up 2.5%, pays 9.5 sen dividend

Remy Cointreau would be able to handle a 10% tariff on foreign goods, mainly via cost cuts, if imposed by incoming US President Donald Trump, CEO Eric Vallat said on Thursday.

Remy Cointreau CEO: Trump's proposed 10% tariff would not kill us

The total cost of the expansion of the Penang International Airport (LTAPP) is estimated at RM1.55 billion, with almost all of it to be financed through a private financing initiative by Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT).

Penang airport expansion estimated at RM1.55b, almost fully funded by MAHB — exco

In the suburban neighbourhood of SS12 in Subang Jaya, residents’ needs are met by the mini commercial area on Jalan SS12/1B. Each of the 14 two-storey shophouses measures 1,320 sq ft and has a built-up area of 2,300 sq ft. The commercial area is quiet during weekdays and busy on weekends, often l...

Streetscapes: A cosy enclave in SS12, Subang Jaya

China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain scarcer and more expensive than usual, in part due to broadening US sanctions.

Chinese buyers soak up unsold oil as Iranian crude flows slow

Yinson Holdings Bhd’s (KL:YINSON) renewables business unit, Yinson Renewables, has secured a US$59 million (RM262.48 million) senior secured green financing facility for the Matarani solar project in Peru from IDB Invest and Natixis Corporate and Investment Banking (Natixis CIB).

Yinson Renewables gets US$59m financing for Matarani solar project in Peru

CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, saw its net profit for the third quarter rose nearly 10% from a year earlier, thanks to healthy growth in both net interest income (NII) and non-interest income (NOII).

CIMB Group’s 3Q net profit rises nearly 10%, on track to hit ROE target

AMMB Holdings Bhd (KL:AMBANK) could potentially deliver higher-than-expected dividends thanks to its stronger capital position and earnings growth, analysts flagged on Thursday.

AMMB's stronger capital position affords higher-than-expected dividend payouts — analysts

<p>T Ananda Krishnan, a billionaire tycoon with an empire stretching from telecommunications to oil and gas, passed away on Thursday at the age of 86.</p>


Billionaire tycoon Ananda Krishnan passes away — statement

<p>Shares of NationGate Holdings Bhd (KL:NATGATE) fell in early trading after its third-quarter results came in below analysts expectations.</p>


NationGate shares slide in early trade after 3Q results miss expectations

<p>Toh Puan Na’imah Abdul Khalid, the widow of the late former finance minister Tun Daim Zainuddin, will have her passport unconditionally returned to her by the Sessions Court, after the Court of Appeal (COA) on Thursday overturned a High Court decision which previously denied her application to have the documents returned to her.</p>


Daim’s wife gets unconditional return of her passport from Court of Appeal

<p>China is continuing to buy US soybeans, confounding some traders who had expected the flow of shipments to slow down ahead of a potential trade war between both countries.</p>

<p>A Chinese state buyer picked up at least eight cargoes last week to build national reserves, according to traders familiar with the sales.</p>


China keeps buying US soy in surprise move after Trump’s win

<p>CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, saw its net profit for the third quarter rose nearly 10% from a year earlier, thanks to healthy growth in both net interest income (NII) and non-interest income (NOII).</p>


<p>Technology stocks on Bursa Malaysia declined in early trading on Thursday, mirroring the decline in US technology stocks on Wednesday.</p>


Tech counters decline in early trade on Bursa Malaysia

<p>KUALA LUMPUR (Nov 28): Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results.</p>


Kerjaya Prospek shares test eight-year high as investors celebrate dividend surprise

<p>Sime Darby Bhd's (KL:SIME) net profit jumped 36% in the first quarter ended Sept&nbsp;30, 2024 (1QFY2025) from a year ago, mainly on profit contributions from the UMW division and gain on disposal of Malaysia Vision Valley land.</p>


Sime Darby's 1Q profit jumps 36% on UMW earnings, Malaysia Vision Valley land disposal

<p>Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.</p>


Hong Leong Financial Group's 1Q net profit rises 14% as banking, insurance arms report gains

<p>TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.</p>


TA Securities assigns RM1.99 fair value to Main Market-bound TMK Chemical

<p>Carlo Rino Group Bhd (KL:CRG) is selling its shares at 27 sen apiece in an initial public offering (IPO) that could raise over RM46.4 million, according to its prospectus unveiled on Thursday.</p>


Carlo Rino selling shares at 27 sen apiece for ACE Market listing, IPO may raise RM46.4 mil

<p>Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept&nbsp;30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs.</p>


Farm Fresh declares dividend of one sen as 2Q earnings double

<p>IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON)&nbsp;has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.</p>


Silver Valley Tech Park project: Perak committee chairman says Advancecon paid ex-gratia to 97 farmers

<p>KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.</p>


Zahid’s foreign visa bribery appeal: Prosecution seeks postponement, to brief new AG

<p>The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.</p>


US preps China chip curbs that stop short of early proposals — Bloomberg

<p>Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that the approach of obtaining helicopters for the country’s security forces through a leasing arrangement could ease the burden on the nation’s coffers.</p>


PM defends RM16b leasing arrangement of helicopters for country's security forces

<p>A selloff in giant technology companies dragged down stocks, while the latest economic data gave support to the Federal Reserve’s (Fed) cautious stance on rate cuts.</p>


US stocks halt record-breaking rally as tech gets hit

<p>Axiata Group Bhd (KL:AXIATA), the country’s largest telecommunications company by revenue, returned to the black in the third quarter as currency gains and other one-off items offset a decline in operating income.</p>


Axiata returns to the black in 3Q as one-off gains offset lower operating income

<p>Asian shares were subdued on Thursday and the dollar was on the defensive after US data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve (Fed) could take next year.</p>


Asian stocks subdued, dollar drifts ahead of US Thanksgiving

<p>The risk of trade sanctions from the US due to Prime Minister Datuk Seri Anwar Ibrahim's vocal stance in defending the rights of the Palestinian people and state will be among the highlights of Thursday's Dewan Rakyat sitting.</p>
