Duality in Sarawak’s financial recognition

YOU either recognise Sarawak for its economic resilience and financial capacity or you don’t. That is the fundamental principle for Malayan leaders regarding the treatment of Sarawak. The issue stems from a duality in approach. When it comes to disbursing aid, federal allocations and grant payments, there is a prevailing belief that “Sarawak is sufficiently […]

Industries urged to embrace modern technologies

KUCHING: Industries in all sectors operating in Sarawak must embrace modern machineries and artificial intelligence to keep pace with technological developments. Deputy Premier Datuk Seri Dr Sim Kui Hian said with the rise of technologies, this could address the issues of capacities and capabilities that the state is facing with the multitude of development projects […]

Pos Malaysia’s 1Q results disappointing, says research firms

KUALA LUMPUR: Research firms were disappointed with Pos Malaysia Bhd’s performance for the financial year 2023 (FY23), and have raised their forecast net loss for the company to account for the deterioration of its postal business. Kenanga Research has increased its forecast net loss on Pos Malaysia for FY23 and FY24 by 33 per cent […]

WTK Holdings Bhd makes a major turnaround

KUCHING: WTK Holdings Bhd has made a major turnaround in its financial performance, chalking up group net profit of about RM24.5 million in second quarter to June 30, 2022 (Q22022) from loss of RM1.2 million in Q22021 on expanded revenue. Group turnover rose to RM132.7 million from RM107.9 million previously or an increase of RM24.8 […]

Public Bank’s FY2021 net profit rises to RM5.66B

KUALA LUMPUR: Public Bank Bhd’s net profit increased to RM5.66 billion in the financial year ended Dec 31, 2021 (FY2021) from RM4.87 billion a year earlier. However, its revenue was lower at RM19.62 billion from RM20.30 billion previously. Public Bank founder and chairman emeritus Tan Sri Teh Hong Piow said the group’s sound fundamentals and […]