Archive for Business News

One of the major banking groups in Malaysia, HLB (Hong Leong Bank Bhd) has announced that they are targeting to increase its online customer base to 480,000 with their new banking service by the end of the 2012 financial year with their launch of the Hong Leong Connect system.

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Hot off the heels of the recent announcement that national carrier Malaysia Airlines and their purchase of 10 new Boeings, budget carrier Air Asia too make a similar announcement which will surely make everyone sit up and take notice.

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It is reported that from January to June, the gainers list of the country’s share market are widely dominated by consumer counters and this is due to their relatively high-priced stocks where the maker of electrical goods, Panasonic closed he highest at RM234.32 on June 30 with an RM5.82 jump. For its financial year ending March 31, Panasonic reported a higher net profit of RM82.7 million. Last year, it closed at RM64.9 million.

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Property developer Glomac Berhad recently announced an increase of 20% in their net profit earnings for Quarter 4 for their financial year ending April 20, 2011. This is constituted with a figure of RM15.05million from the previous RM12.56million.

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