Serba Dinamik’s major shareholders express concern over audit issues.
Serba Dinamik Holdings is under investigation by Malaysia's securities management after auditor KPMG raised concerns about 3.5 billion ringgits worth of unverified contracts. The company plans to appoint an independent firm to review the issues, while two top shareholders are expressing significant concern about the ongoing audit investigation.
Malaysia’s trade performance breaks record in April
Malaysia's Department of Statistics reported a remarkable trade performance in April 2021, with exports rising 63% year-on-year to RM 105.6 billion. Domestic exports and re-exports drove the growth, indicating the nation's resilience amid the COVID-19 pandemic and promising economic rebound.
Foxconn in talks to buy a stake in chipmaker DNeX
Taiwanese tech giant Foxconn is exploring a potential minority investment in DNeX's SilTerra semiconductor firm following a competitive bidding process. Sources suggest the negotiations are ongoing but not yet finalized, with potential strategic implications for both companies in the semiconductor industry.
Malaysia’s Economic outlook improves but challenges remain
Malaysia's economic landscape shows resilience as the Statistics department reports growth in key sectors like housing units, metal imports, and new company registrations, despite ongoing COVID-19 challenges.
Amazon to include Pakistan Sellers on its seller’s list
Amazon has officially included Pakistani sellers on its global platform, marking a significant milestone for Pakistan's online trade. This development opens doors for international sales, potentially boosting economic opportunities and creating new revenue streams for Pakistani entrepreneurs in the e-commerce sector.
Singapore economy grows 1.3% in Q1 but no change to GDP...
Singapore's economy expanded 1.3% in the first quarter of 2021, according to the Ministry of Trade and Industry. Despite ongoing pandemic challenges, the unexpected strong performance suggests potential economic resilience. The full-year GDP forecast remains unchanged, with a comprehensive review expected in August.
KNM Employees Robbed by Executive Director in ESOS Employee Entitlement SCAM
KNM's Executive Director Gan Siew Liat allegedly diverted millions in company shares meant for employees, issuing 155 million shares to her family and relatives instead of the intended ESOS beneficiaries, involving 84% of the total share allocation.
Malaysia’s Petronas signs the first Canadian-indexed LNG deal.
Malaysia's state-owned Petronas has pioneered a new LNG trading approach by using Canada's pricing indicators for a spot cargo sale to a Far East buyer. This strategic move highlights the company's innovative approach to international energy transactions.
Singapore’s exports continue to grow in April but at a slower...
Singapore's exports continued to grow in April, rising 6% compared to the previous month. The expansion was led by specific hardware exports, which increased by 54.3%, supported by strong semiconductor demand. Electronic non-oil domestic exports extended by 10.9%, primarily due to higher shipments of computers, diodes, and semiconductors.
Axiata confident of delivering dividend target of 20 sen per share...
Telecommunication giant Axiata Group Bhd is confident in raising its profit payout to 20 sen per share by 2024, representing a RM1.8 billion distribution. CEO Datuk Izzaddin Idris highlights the company's focus on becoming a high-profit organization through strategic development and long-term value creation.
