corporate Archives - Page 8 of 11

Next month onwards, some Gardenia goods will be more expensive

27Sep

By Webmaster IKON MalaysiaNo Comments

Business, News

Next month onwards, some Gardenia goods will be more expensive

Beginning on October 1, Gardenia, a significant bread producer, will increase the price of a few items, including its Twiggies. However, it stated that the costs of its Original Classic white bread, wholemeal bread, and Toast'em bread line will not change. “This is to ensure the price increase (on selected products) would not burden our customers,” Gardenia told FMT. A new price list for 30 of the company's products has been circulating on social media, and it has also been validated by the corporation. Gardenia raised the pricing of its loaves, spreads, and other goods in September of last year, claiming the effect of inflation on raw materials. The planned price rise, which will be applied nationwide, will be the third since December 1, 2021. Gardenia Fluffy Buns 2...

Carousell is well-capitalised and has seen “healthy” loss reduction

26Sep

By Webmaster IKON MalaysiaNo Comments

Business, Finance

Carousell is well-capitalised and has seen “healthy” loss reduction

Carousell, the online classified operator is still well-funded by investors and getting an IPO is not the only way to raise money, its chief executive Quek Siu Rui said. “We’re so well-capitalised now that it gives us the ability to stay focused on execution, “When the time comes for us to think about capital raises, we will look at all options, IPOs being one of them. But there are also many other capital-raising options,” he said, noting that while the company has the backing of long-term investors, they are also open to other capital-raising alternatives as well. Carousell has been considering going public, since the firm was previously reported to be in merger talks with the American-listed special purpose acquisition company L Catterton Asia Acquisition. However, conv...

Malaysia secures RM37.4 bil investment commitments in digital sector

26Sep

By Webmaster IKON MalaysiaNo Comments

Business, Innovation/ Technology, News

Malaysia secures RM37.4 bil investment commitments in digital sector

Malaysia has secured over RM37.4 billion in investment commitments in the digital technology sector as of August 2023, promising the creation of at least 15,895 high-value jobs, said Communications and Digital Minister Fahmi Fadzil. He said that this remarkable achievement reflects foreign investors' confidence in Malaysia Digital (MD), the national strategic initiative driving the digital economy. “Just recently, Prime Minister Datuk Seri Anwar Ibrahim witnessed the signing of three memoranda of understanding worth a total of RM19.84 billion between Malaysian and Chinese companies, further solidifying Malaysia's position as an attractive destination for investments,” he said when officiating the Malaysia Digital Expo (MDX) 2023 here on Monday. Led by the Malaysia Digital Eco...

Despite global unrest, the Malaysian economy is resilient, says Bursa chairman

25Sep

By Webmaster IKON MalaysiaNo Comments

News

Despite global unrest, the Malaysian economy is resilient, says Bursa chairman

Despite the unpredictability of the world economy and geopolitics, the Malaysian economy has continued to be resilient and develop new capabilities, according to Abdul Wahid Omar, chairman of Bursa Malaysia. He asserted that the administration has proven its steadfast commitment to boosting the economy through ongoing investments, the creation of new strongholds, and a streamlining of policies to promote growth. “As revealed in the recent mid-term review of the 12th Malaysia Plan (12MP), our real gross domestic product (GDP) growth is poised to grow at plus 5–6 percent between 2021 and 2025, with private consumption shares and services-to-GDP ratio surpassing initial targets. “One striking example of this collaborative effort is the National Energy Transition Roadmap (NETR), ...

Toshiba’s 74-year stock market history is coming to an end

25Sep

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Business, Finance, News

Toshiba’s 74-year stock market history is coming to an end

Toshiba, one of Japan's oldest and largest corporations, is set to end its 74-year stock market history after a group of investors purchased a majority stake. The company stated that a consortium led by private equity firm Japan Industrial Partners (JIP) had purchased 78.65 percent of its shares. With more than two-thirds of the company, the consortium may clinch a $14 billion (£11.4 billion) plan to take it private. The company began in 1875 as a manufacturer of telegraph equipment. According to the agreement, its shares might be delisted as soon as this year's conclusion. Taro Shimada, president and chief executive officer of Toshiba, said in a statement that the business "will now take a major step toward a new future with a new shareholder."

Disney plans to quadruple theme park spending to $60 billion over the next ten years

22Sep

By Webmaster IKON MalaysiaNo Comments

Business

Disney plans to quadruple theme park spending to $60 billion over the next ten years

According to a filing on Tuesday, Walt Disney Co. stated that it intends to invest US$60 billion (RM280.92 billion) in its parks and resorts business in the following ten years. The world's largest theme park operator stated that it had over 1,000 acres of land available for development and emphasised the growth it has enjoyed in recent years as a result of investments in rides, cruise ships, and other attractions based on its films and characters. The world's largest entertainment corporation has been grappling with tectonic shifts in the TV and film industries as consumers increasingly watch programming on streaming services rather than traditional TV and movie theaters. In addition to seeking a strategic partner at ESPN, Iger has stated that the business may sell established ...

Major US companies have announced plans to establish operations in Malaysia

21Sep

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Business, Finance

Major US companies have announced plans to establish operations in Malaysia

Two significant US electrical and electronic companies, one of which is anticipated to invest at least RM500 million, are planning to expand into Malaysia. According to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, the global supplier of consumer and commercial tools, appliances, and floor care, Alton Industry Ltd Group (Alton Group), will invest at least RM500 million to establish its manufacturing and research and development (R&D) base in Johor. The new facility's design, which is set to open in 2024, was revealed at a meeting between the minister and David Lu, president and CEO of Alton Group. "Another company, which I am not able to name for the moment, will be investing a significant sum in Penang. Both Alton Group and this comp...

The government is committed in helping businesses’ growth and achievements

20Sep

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Business, News

The government is committed in helping businesses’ growth and achievements

Credit: The Star The government wants to be more pro-business and make conducting business in Malaysia much simpler overall in order to guarantee the nation's economic success. According to Transport Minister Anthony Loke Siew Fook, the private sector is the engine of economic growth, and without it, the economy would not flourish. “The private sector is not our enemy, and the government is not the enemy of the private sector. Hence, we must work together,” he said during his opening speech of the dialogue session held by the Malaysian International Chamber of Commerce and Industry (MICCI) with the Transport Ministry at Menara Star, Petaling Jaya. Although Loke acknowledged that the government is concentrating on attracting foreign direct investment, he asserted that domestic ...