product prices.... According to TA Securities, the variance versus the forecasts was mainly owing to

the former reporting greater satisfaction.... Before the pandemic, there was little variance in life

known as the “ polar jet, ’ it accounts for about 10 percent and 15 percent of the variance in annual

PETALING JAYA: Ancom Nylex Bhd’s margins are expected to stay firm on the back of a positive outlook for monosodium methanearsonate( MSMA) herbicide, expanded agri-chemical portfolio and healthy timber preservative orders in the near term. For the first half of financial year 2024( 1H24) the producer of agri-chemicals’ core net profit increased by 3% year-on-year( y-o-y) to RM43mil, as stronger agriculture and industrial-chemical profits were offset by higher non-core losses and weak logistics e

KUALA LUMPUR: The reopening of international borders and relaxation of SOPs will further facilitate a normalisation in Sunway Real Estate Investment Trust's( SunREIT) income over the coming quarters, says AmInvestment Bank Research. The broker said in a note that rental income in the retail, hotel and office segments will normalise as it expects a discontinuation of Covid-19-related rental rebates offered to tenants as businesses resume full operations.In the hotel segment, it expects a gradual

The Comptroller and Auditor General of India( CAG) has flagged the use of extra budgetary resources for payment of food subsidy in a report tabled in Parliament on Monday for the financial year 2017-18( FY18) and FY19. Experts said making the books of the Food Corporation of India( FCI) public in the Budget for FY22 would go a long way in plugging this loophole.... The CAG report said the government undertook funding of revenue and capital expenditure using extra budgetary resources in both the

KUALA LUMPUR: KIP Real Estate Investment Trust( KIP REIT) reported a lower net profit of RM8. 37mil in its first quarter ended Sept 30, 2021, compared with RM8. 85mil in the previous corresponding period.In a filing with Bursa Malaysia yesterday, it said revenue in the first quarter was lower at RM17. 14mil compared with RM18. 23mil a year earlier.“ The decrease in revenue was mainly due to lower promotional area income on the back of restrictions on activities or events in malls, ” it said.It a

PETALING JAYA: The reopening of international borders and relaxation of pandemic-related restrictions will facilitate a normalisation in Sunway Real Estate Investment Trust’s( SunREIT) income over the coming quarters. AmInvestment Bank( AmInvest) Research said it forecasts a gradual recovery in the average occupancy rate for hotel properties to 48% in financial year 2022( FY22) and 58% in FY23.... The hotel average occupancy rate was 27.2% in FY21 and 71.5% in FY19. However, the research firm d

Foreign minister Zac Goldsmith has broken with government practice by speaking out in support of Pakistan’s former prime minister Imran Khan amid turmoil in the country ahead of an expected election. Downing Street today stopped short of rebuking the Tory peer for his comments, but confirmed that it was normally the case that the UK government “ would not get involved in the domestic political affairs ” of another country.Mr Khan – who was previously married to Lord Goldsmith’s sister Jemima – w

PETALING JAYA: Gadang Holdings Bhd is expected to chart a stronger year ahead, following the completion of its kitchen-sinking exercise after posting a financial year 2023( FY23) core net loss of RM2. 7mil, according to TA Research. The research house said it was maintaining its FY24 and FY25 earnings forecasts and has introduced a FY26 earnings forecast of RM25. 7mil, representing an earnings growth of 7.9%.As of end-May 2023, the brokerage said the group’s outstanding construction order book s