UMW Holdings auto, M&E divisions to see improvement in coming quarters, says JF Apex
KUALA LUMPUR: The automotive division of UMW Holdings Bhd (UMWH) is expected to improve as the industry, including showrooms gradually, is allowed to reopen on August 16, 2021, following the lifting of restrictions. JF Apex Securities Bhd expects the strong orders accumulated during lockdown, sales tax exemption and the introduction of new vehicle models could […]
Axiata Group net profit rose 247.11pc to RM277.76 million for Q2, revenue RM6.39bil
KUALA LUMPUR: Telecommunication conglomerate Axiata Group Bhd’s net profit rose 247.11 per cent to RM277.76 million in the second quarter (Q2) ended June 30, 2021, from RM80.02 million a year ago. In addition to higher top-line revenue, lower finance costs due to lower borrowings and taxes incurred during the third quarter contributed to the increase […]
UK says it is in last stages of Kabul evacuations, processing ended
LONDON (Reuters) – British forces have entered the final stages of evacuating people from Kabul’s airport and processing facilities have closed, Britain’s defence ministry said on Friday. The effort would now focus on evacuating British nationals and others who have already been cleared to leave and are already at the airport, the ministry said. No […]
Operators of factory buses, workers in Penang slapped with compounds totalling RM203,500
BUTTERWORTH: About 47 compounds totalling RM203,500 were issued by the Road Transport Department (RTD) in a series of state-wide operations. The joint operations, together with the state Health Department from July 25 until yesterday, were conducted against operators of factory buses as well as factory workers who failed to adhere to standard operating procedures (SOP). […]
PM: Ministries must prove initial short-term targets set within 100 days following new Cabinet line-up
KUALA LUMPUR, Aug 27 — All government ministries must prove the success of their short-term targets within 100 days following the announcement of a new Cabinet line-up by Prime Minister Datuk Seri Ismail Sabri Yaakob today. Ismail Sabri, who was sworn-in as Malaysia’s ninth prime minister last week, said the new Cabinet line-up was chosen […]
Covid symptoms last a year for many patients: study
PARIS: Fatigue and shortness of breath still afflict many patients a year after their hospitalisation for Covid-19, according to a new Chinese study calling for a better understanding of the pandemic’s long-term health effects. Around half of patients discharged from hospital for Covid still suffer from at least one persistent symptom –most often fatigue or muscle […]
Motor racing-Schumacher set for first Spa F1 outing 30 years after dad’s debut
(Reuters) – Mick Schumacher will follow in his father Michael’s footsteps at this weekend’s Belgian Grand Prix when he races a Formula One car around Spa-Francorchamps for the first time, 30 years after the Ferrari great made his debut at the iconic track. The 22-year-old has raced at Spa before on his way up to […]
Malaysia’s trade for July increased by 13pc to RM180.96 billion, exports grew RM97.32bil
KUALA LUMPUR: Malaysia’s export growth in July was strengthened by increased shipments of petroleum products, palm oil and palm oil-based agricultural products, as well as chemicals and chemical products, owing to strong external demand. Exports grew by 5 per cent to RM97.32 billion, the 11th consecutive month of year-on-year (YoY) expansion since September 2020 while […]
New Zealand extends national virus lockdown
WELLINGTON: New Zealand on Friday extended a national lockdown sparked by a Delta virus outbreak into next week but warned restrictions would last longer in the infection epicentre of Auckland. The Delta cluster emerged in Auckland last week, ending a six-month run without local transmission that had made New Zealand one of the world’s last […]
