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THE earnings season for the fourth and final quarter of 2020 has yet to come to an end a one-month extension was given by the regulators as a temporary relief measure because of the Covid-19 pandemic but based on companies that have already submitted their reports, results are encouraging.
A quick look at 270 listed companies on Bursa Malaysia with a market capitalisation of RM500 million or more shows that 151 recorded an improvement in quarterly earnings while 119 reported a decline.
RHB Research, in a March 2 strategy note, describes the December 2020 quarter as encouraging, with 2021-2022 forecast core earnings still largely intact notwithstanding a last-minute RM2.83 billion global settlement provision by AMMB Holdings Bhd and excluding positive earnings revisions for rubber glove stocks.
Kuala Lumpur-based Apigate Sdn Bhd has successfully rolled out its Storefront solution with Cambodia’s leading mobile telecommunications operator Smart Axiata Co Ltd, Apigate said in a press release on January 27.
A member of Malaysian multinational telecommunications conglomerate Axiata Group Bhd, Apigate advertises itself as a “leading global monetisation and customer growth solution provider”.
With Storefront, Smart Axiata subscribers will be able to use their balances to purchase a range of online gaming titles at the Smart Game Voucher Market, it said.
Smart Axiata senior value-added service product specialist Chum Prathna said in the release: “The Storefront solution was adopted by Smart [Axiata] after extensive research with our subscribers who were looking for a simplified paying method and a seamless purchase experience.
KUALA LUMPUR (Jan 9): It would seem that Axiata Group Bhd s woes in Nepal did not end despite its 80%-owned Ncell Private Ltd already paying over US$420 million in capital gains taxes demanded by Nepalese authorities the last payment being the US$185 million “made under protest” last April and without prejudice to Ncell s and Axiata UK s position in an international arbitration against the Federal Democratic Republic of Nepal .
According to a report by the Centre of Investigative Journalism-Nepal (CIJ-Nepal) and Finance Uncovered, a British journalism organisation, Axiata appears to have part-financed its Nepali local partner’s purchase of the remaining 20% stake in Ncell in 2016.
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Thu, 17 December 2020
Tech start-ups BanhJi FinTech Co Ltd and Driver Design Studio Ltd (DRVR) on December 16 bagged an investment fund from the Smart Axiata Digital Innovation Fund (SADIF) to further expand their businesses and meet the needs of their customers, SADIF said in a press release.
Local firm BanhJi is a financial platform for micro, small and medium-sized enterprises (MSMEs) while the Thai-based DRVR is a fleet analytics software provider for logistics and passenger vehicles.
SADIF is a $5 million venture capital fund that focuses exclusively on digital firms. Managed by Mekong Strategic Partners Co Ltd (MSP) and backed by investments from Malaysian-owned Smart Axiata Co Ltd, a leading telecommunications service provider in the Kingdom, as well as Forte Insurance (Cambodia) Plc, the priority for SADIF is Cambodia-focused technology companies.