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Gas Malaysia 2Q earnings soar 72%

PETALING JAYA: Gas Malaysia Bhd, which posted a 72.2% jump in net profit to RM107.3mil in the second quarter ended June 30, will continue to take prudent measures to remain competitive. In a Bursa Malaysia filing, it said its revenue in the second quarter rose 29.2% to RM1.77bil from RM1.36bil a year ago. Its earnings per […]

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Malaysia: GDP momentum to remain positive this year

PETALING JAYA: Malaysia’s economy is projected to grow at 5.7% to 6.5% this year, with at least another 25 basis point (bps) hike in the overnight policy rate (OPR) amid higher inflationary pressures. The projection by economists of gross domestic product (GDP) growth is higher than Bank Negara’s forecast growth range of 5.3% to 6.3% […]

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