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August 21, 2018 4:06 AM Malaysia’s labour productivity grew 3.7% in Q2

PETALING JAYA: Malaysia's labour productivity rose 3.7% year-on-year in the second quarter of 2018, after registering 4.3% growth in the preceding quarter, according to Department of Statistics Malaysia (DOSM). According to DOSM, the report presents statistics on labour productivity per hour worked and labour productivity per employment by kind of economic 15

August 10, 2018 6:36 AM Malaysia's IPI grows 1.1% in June, mining down 9.4%

PETALING JAYA: Malaysia's Industrial Production Index (IPI) growth moderated to 1.1% in June 2018 compared with the same month a year ago, due to a contraction in mining output. According to the Department of Statistics, the growth in June was supported by an increase in the manufacturing (+4.5%) and electricity (+3%) sectors, while the mining index 22

August 7, 2018 1:33 PM Hartalega’s Q1 profit up 29.6% on higher sales

PETALING JAYA: Hartalega Holdings Bhd’s net profit soared 29.6% to RM124.87 million for the first quarter ended June 30 compared with RM96.39 million, driven by higher sales volume and additional production capacity. The glove manufacturer said in a filing with the stock exchange that lower costs of nitrile, chemical and upkeep of plant and machinery 22

August 7, 2018 7:56 AM Threshold for annual sales tax to be raised to RM500,000 under SST

KUALA LUMPUR: The Government will increase the annual sales threshold for eligibility to register for the Sales Tax to RM500,000 annually under the Sales and Tax Service Tax (SST) from RM100,000 previously. Finance Minister Lim Guan Eng said the annual turnover threshold of RM500,000 would also apply to manufacturers who carried out sub-manufacturing 12

August 7, 2018 6:25 AM (wkci) CI Holdings ventures into Nigeria's edible oils market

PETALING JAYA: CI Holdings Bhd has set up a new subsidiary to venture into Nigeria's edible oils market. The group told Bursa Malaysia that its 60%-owned sub-subsidiary Palmtop Vegeoil Products Sdn Bhd together with PNC Oil Factory (Malaysia) Sdn Bhd, a subsidiary of Palmtop had on July 24 incorporated a new subsidiary, namely Tradekey PT Foods Nigeria 18

July 31, 2018 12:55 PM June Producer Price Index up 0.1% year on year

PETALING JAYA: Malaysia’s producer price index (PPI) for local production rose 0.1% on a year-on-year basis in June 2018 as compared to a decrease of 0.4% in May 2018, according to the Statistics Department. Among the sectors which increased during this period were mining (33.1%) and electricity and gas supply (1.3%), the department said. It said the index 16

July 25, 2018 1:18 PM Maybank IB issues 16 new warrants

PETALING JAYA: Maybank Investment Bank Bhd (Maybank IB) has issued 15 new European-style cash-settled call warrants (CWs) and one new put warrant over the FTSE Bursa Malaysia KLCI (FBM KLCI) with an issue size of 100 million each. The CWs are over ordinary shares of Bumi Armada, Eco World Development Group, Gamuda, Globetronics Technology, Hengyuan Refining 17

July 24, 2018 1:21 PM FDI inflows down 12.8% in 2017

PETALING JAYA: Malaysia’s net inflows of foreign direct investment (FDI) fell 12.8% to RM41 billion in 2017 from RM47 billion in 2016, according to the Department of Statistics. The FDI flows were mainly channelled in services sector, particularly in real estate, financial and insurance/takaful; and information and communication activities. Mining and quarrying 11

July 20, 2018 6:32 AM Job vacancies drop 12.7% in Q4 2017: Statistics Department

PETALING JAYA: Job vacancies registered a negative growth of 12.7% year-on-year in the fourth quarter of 2017 (Q4 2017) to 206,000, compared with 236,000 in the previous corresponding quarter, according to Department of Statistics (Dos). The jobs created also declined by 8.5% to 30,000 in Q4 2017 from 33,000 in the same period a year ago, it said in its maiden 13

July 19, 2018 3:09 AM Tek Seng drops 8.5% on photovoltaic solar biz halt

PETALING JAYA: Tek Seng Holdings Bhd saw its shares drop as much as 8.5% to 27 sen this morning after it announced the suspension of its photovoltaic solar business yesterday. At 11am, the counter was trading at 28.5 sen, down 1 sen or 3.4% with 840,400 shares changing hands. Tek Seng's 50.69%-owned subsidiary TS Solartech Sdn Bhd (TSST) decided to halt its entire 7