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Tan Chong Motors' 2Q swings to a net loss of RM79.4m

TAN Chong Motor Holdings Bhd’s second-quarter (2Q) results were significantly affected by the Covid-19 pandemic, swinging into a net loss of RM79.36 million compared to profit of RM19.05 million for the same quarter last year.For the 2Q ended June 30, 2020, revenue dipped to RM512.9 million versus RM1.06 billion previously.“The local businesses were unable to operate during the Movement Control Order (MCO) period. The showrooms and aftersales service centres resumed operations during the Conditional MCO in May.”

Malaysia
National-economic-recovery-plan
Movement-control-order
Chong-motor-holdings-bhd
Motor-holdings-bhd
Bursa-malaysia
மலேசியா
தேசிய-பொருளாதார-மீட்பு-திட்டம்
இயக்கம்-கட்டுப்பாடு-ஆர்டர்
சோங்-மோட்டார்-ஹோல்டிங்ஸ்-ப்ட்

HLT Global, Boustead, Magna Prima, IWCity, Tan Chong, AmFirst REIT, Homeritz, Freight Management, M3, MAHB and Artroniq

HLT Global, Boustead, Magna Prima, IWCity, Tan Chong, AmFirst REIT, Homeritz, Freight Management, M3, MAHB and Artroniq
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

Kuala-langat
Malaysia-general
Malaysia
Mukim
Pulau-pinang
Kuala-lumpur
Selangor
Malaysian
Bhd-iwcity
Sunway-bhd
Lee-pei-mei
Randhill-singh

These listed companies win the bid for LSS4 project

KUALA LUMPUR (March 12): The Energy Commission has announced the list of 30 shortlisted bidders of the Large Scale Solar @ MEnTARI (LSS4), totalling 823.06MW out of the offered 1,000MW. This comprises 20 bidders covering 323.06MW under Package P1 at between 10MW and below 30MW, as well as 10 bidders across 500MW under Package P2 between 30MW and 50MW. The shortlisted bids for Package 1 ranged between 18.5 sen/kWh and 24.81 sen/kWh. Meanwhile for Package 2, the bids ranged between 17.68 sen/kWh and 19.7 sen/kWh. Among the identified listed companies that have been awarded the projects are: Advancecon Holdings Bhd via Advancecon Solar Sdn Bhd at 26MW

Kuala-lumpur
Malaysia
Tenaga-nasional-bhd
Sdn-bhd
Uzma-environergy-sdn-bhd
Perbadanan-kemajuan-negeri-pahang
Gopeng-bhd
Kumpulan-powernet-bhd
Uzma-bhd
Mk-land-holdings-bhd
Renewables-sdn-bhd
Advancecon-holdings-bhd

Extension of tax exemption to spur new vehicles sales

Extension of tax exemption to spur new vehicles sales AYISY YUSOF and AZANIS SHAHILA AMAN © Provided by New Straits Times As part of the short-term Penjana economic recovery plan to stimulate the economy, the government on Tuesday said it would continue providing full exemption on sales tax for new locally-assembled (CKD) units and 50 per cent exemption on sales tax for imported (CBU) cars until June 30 next year. KUALA LUMPUR: Malaysia s automotive sector will be lacklustre without the extension of sales tax exemption as certain carmakers are facing supply disruption, industry officials and analysts said. The government s decision to extend new vehicle sales tax exemption for six months would help to spur demand owing to a reduction in prices, they added.

Kuala-lumpur
Malaysia
Malaysian
Roslan-abdullah
Sime-darby-bhd
Proton-holdings-bhd
Public-investmen-bank-bhd-publicinvest
Tan-chong-motor-holdings-bhd
Malaysian-automotive-association
Straits-times-pressm-bhd
Maybank-investment-bank-bhd
Services-tax

FGV, Jiankun International, Pecca, Kossan, Alliance Bank, Ranhill, UOA Development, UOA REIT, Mitrajaya, Tan Chong Motor and Fintec

KUALA LUMPUR (Dec 22): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 23) include: FGV Holdings Bhd, Jiankun International Bhd, Pecca Group Bhd, Kossan Rubber Industries Bhd, Alliance Bank Malaysia Bhd, Ranhill Utilities Bhd, UOA Development Bhd, UOA Real Estate Investment Trust, Mitrajaya Holdings Bhd, Tan Chong Motor Holdings Bhd, and Fintec Global Bhd. The Federal Land Development Authority (Felda) is eyeing to take FGV Holdings Bhd private after its unconditional takeover offer for the latter s shares. Felda said it does not intend to maintain the listing status of FGV on the Main Market of Bursa Malaysia.

Kuala-lumpur
Malaysia
Johor
Negeri-sembilan
Vietnam
Republic-of
China
Labuan
Nilai
Sdn-bhd
Siang-chai
Mohamed-apandi-ali

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