KUALA LUMPUR (March 3): Based on corporate announcements and news flow today, companies in focus on Thursday (March 4) may include: MyEG Services Bhd, Genting Malaysia Bhd, Vivocom Intl Holdings Bhd, MISC Bhd, Jaycorp Bhd, Nexgram Holdings Bhd, Datasonic Group Bhd, Greatech Technology Bhd, Yinson Holdings Bhd and Minetech Resources Bhd.
MyEG Services Bhd said net profit rose 6.74% to RM75.51 million in the fourth quarter ended Dec 31, 2021, from RM70.74 in the preceding quarter, boosted by revenue from Covid-19 health screenings, and online motorcycle insurance and road tax renewal service. Quarterly revenue increased 10.13% to RM149.89 million, from RM136.10 million previously, as the group witnessed increased revenue contribution from its screening and accommodation arrangement service for inbound travellers. MyEG declared a final dividend of 1.7 sen per share.
THE search for a suitable bumiputera investor for the hypermarket trade has not got easier over the years. If anything, it appears to be even tougher now, given the changing business and consumer trends.
It was difficult for a foreign hypermarket owner to find a bumiputera investor to take up a 30% stake in the enterprise given the huge sum needed. It is probably more challenging now, especially if the retailer’s growth has been pedestrian. In addition, investors currently have a wider selection of businesses that offer better returns.
Under Malaysia’s domestic rules, all foreign hypermarket retailers are required to sell 30% of their business to a bumiputera investor within three years of entry.
Sangfor Technologies announces the winners of 2020 Global Partner Awards 2nd March 2021
ANTARA/Business Wire
Hong Kong (Antara/Business Wire)- Sangfor Technologies is a leading Cyber Security, Cloud Computing and Network Optimization vendor, boasting 6,000+ employees across the globe in this rapidly changing digital world. Sangfor is proud to announce the winners of their 2020 Global Partner Awards, a yearly event honouring the achievements of Sangfor’s most excellent partners from across the globe! Sangfor and its partners offer a wide variety of security, cloud and optimization solutions for industries like government, finance, manufacturing, education, and healthcare. For a dynamic, comprehensive and innovative solution that you can trust, smart enterprise chooses Sangfor.
Tax incentives have been useful to a certain extent in the past to attract foreign direct investments into Malaysia.
MALAYSIA has a wide variety of incentives which include incentives granted through income exemption or by way of allowances.
There are specific criteria and rules that govern the treatment of tax incentives.
For example, where incentives are given by way of allowances, any unutilised allowances may be carried forward indefinitely to be utilised against future statutory income except for certain incentives such as reinvestment allowance and investment allowance for approved service projects where a seven-year limitation applies.
Tax incentives have been useful to a certain extent in the past to attract foreign direct investments into Malaysia.
(KPS) reported RM1.1bil revenue for its fiscal 2020, setting a new financial milestone by surpassing the RM1bil revenue mark for the group’s performance.
For the quarter ended Dec 31,2020, the group posted revenue of RM318.6mil, higher than the pre-Covid-19 revenue it recorded in the corresponding quarter the year before of RM297.2mil.
The steady revenue growth during a period of uncertainty when the pandemic’s impact was still elevated was a show of the group’s success in balancing the tactical decisions needed to build operational and financial resilience while staying focused on its long-term strategic goals.
The group’s profit attributable to owners of the parent almost doubled to RM26.9mil from RM16.1mil it posted in the previous year.