Investment Sinar Daily

PayPal reported adjusted earnings of US$1.33 billion or US$1.17 per share last year - PayPal photo

INVESTMENT

Paypal's profit and revenue up in first quarter

WASHINGTON - Online payment firm PayPal's profit increased for the first quarter and beat the Street estimates, the company reported on Monday.The company's earnings...

09 May 2023

Malaysia Airports Holdings Bhd (MAHB) announced that the issue price of its new ordinary shares, according to the dividend reinvestment plan (DRP), was fixed today at RM6.06 per share.

INVESTMENT

MAHB sets issue price for dividend reinvestment plan shares at RM6.06 per share

KUALA LUMPUR - Malaysia Airports Holdings Bhd (MAHB) announced that the issue price of its new ordinary shares, according to the dividend reinvestment plan (DRP), was fixed today...

12 Apr 2023

Prime Minister Datuk Seri Anwar Ibrahim (fifth, right) witnessed the signing ceremony of the Heads of Agreement between DRB-Hicom Berhad and Zhejiang Geely Holding Group Co., Ltd during the Malaysia-China Business Forum 2023 earlier this week - FILEPIC

INVESTMENT

Geely's RM30 billion investment opens new page for national EV ecosystem

PUTRAJAYA - Chinese automative company, Zhejiang Geely Holding Group Co Ltd (Geely) will invest RM30 billion in the development and commercialisation of the Automotive High-Tech...

06 Apr 2023

In a statement today, Sapura Energy said the full-year results for FY2023 are showing noteworthy progress in its efforts to regain operational stability.

INVESTMENT

Sapura Energy's net loss for FY2023 narrows to RM3.20 billion

KUALA LUMPUR - Oil and gas services provider Sapura Energy Bhd’s net loss for the financial year ended Jan 31, 2023 (FY2023) narrowed to RM3.20 billion from RM9.05 billion in FY2022. Revenue increased by 11.0 per cent to RM4.55 billion from RM4.10 billion previously, mainly contributed by higher...

30 Mar 2023

The ministry said this is on the back of strong investors’ demand for government securities, supported by sufficient domestic market liquidity of around RM158.7 billion.

INVESTMENT

Govt rules out debt monetisation to increase revenue, says Finance Ministry

KUALA LUMPUR - The government has no intention to use debt monetisation financing strategy as one of the ways to increase government revenue, said the Finance Ministry (MoF).The ministry said this is on the back of strong investors’ demand for government securities, supported by sufficient...

27 Mar 2023

SIngapore bay front - FILEPIC

INVESTMENT

Singapore second most expensive business location in Asia - ECA international

SINGAPORE - Singapore has become the second most expensive location in Asia for business travel this year with an average trip now costing US$515 per day, an increase of US$34 from a year before, according to ECA International. (US$1=RM4.47)In its latest Daily Rates research, ECA International found...

21 Mar 2023

Revenue fell 40.27 per cent to RM105.80 million from RM177.141 million in 2Q FY22, mostly attributed to the reduction in activities across all segments.

INVESTMENT

Serba Dinamik cuts net loss to RM89.67 mil in 2Q

KUALA LUMPUR - Serba Dinamik Holdings Bhd's net loss for the second quarter ended Dec 31, 2022 (2Q FY23) decreased sharply to RM89.67 million versus RM290.3 million in 2Q FY22.Revenue fell 40.27 per cent to RM105.80 million from RM177.141 million in 2Q FY22, mostly attributed to the reduction...

07 Mar 2023

The research firm said economic outlook remains supportive of banks’ growth and credit worthiness, even while moderating.

INVESTMENT

Outlook for Asia-Pacific banks stable, says Moody

KUALA LUMPUR - The outlook for the Asia-Pacific (APAC) banking sector is stable, underpinned by relatively stable economic conditions, high loss buffers and improving profitability, said Moody’s Investors Service.The research firm said economic outlook remains supportive of banks’ growth and...

11 Jan 2023

Investment - Sinar Daily