KUALA LUMPUR: Optical industry player Focus Point Holdings Bhd is eyeing to increase the contribution of its food and beverage (F&B) segment to group .
Here is a brief recap of some corporate announcements that made news on Tuesday (Feb 21) involving AirAsia X Bhd, DRB-Hicom Bhd, Sports Toto Bhd, Nestlé (Malaysia) Bhd, Star Media Group Bhd, George Kent (Malaysia) Bhd, Sunway Construction Group Bhd, MMAG Holdings Bhd, Focus Point Holdings Bhd and Nestcon Bhd.
THE recovery theme was well in play even before Malaysia began its transition to the endemic phase of Covid-19 on April 1 because markets traditionally move ahead of the economy and financial results by at least six months. Some stocks began to rally in the early part of the year as investors anticipated that they would benefit from the reopening of borders. While some companies have continued to gain after the reopening of all economic sectors, profit-taking has had an effect on some stocks despite turning in a better financial performance year on year.
KUALA LUMPUR: Twelve personalities from the local corporate scene were shortlisted for the finals of the Malaysian chapter of the Ernst & Young Entrepreneur of the Year Award last night. In the event co-hosted by Standard Chartered Bank Malaysia, the 12 were nominated for four categories by a panel of judges guided by a set of judging criteria applied globally under the Ernst & Young Entrepreneur of the Year programme. The nominees for the Master Entrepreneur category are Andrew Reddy of Chaswood Resources Sdn Bhd, Brandon Tay of Guan Chong Bhd, Datuk Liaw Choon Liang of Focus Point Holdings Bhd and Dr Chia Song Kun of QL Resources Bhd. For the Women Entrepreneur category, the three shortlisted are Selangor Dredging Bhd’s Teh Lip Kim, Lisa Fong of Oscar Footwear Marketing Sdn Bhd and Sunlight Taxi Group’s Choi Wei Yee. In the Technology Entrepreneur category, Norman Abdul Halim of Kru Studios Sdn Bhd is among the three shortlisted for the final round. The other two are Wong
Hong Leong Investment Bank (HLIB) Research has raised its 2022 gross domestic product (GDP) growth forecast for Malaysia to 5.9%, from 5.5% previously, on a stronger recovery.