growth

A collection of 40 posts

growth

MENA Economies Growth Up 5.5% But Benefits Are Uneven

Energy, food inflation, and higher global interest rates add stress for MENA oil importers Washington, October5, 2022—The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by a slowing of growth to 3.

growth

Resilient Demand Contributes To TIME dotCom's Q122 Growth

Shah Alam, 31 May 2022 – TIME dotCom announced its results for the quarter ended March 31, 2022 with a consolidated Group revenue of RM369.4 million or an 11.5% year-on-year growth. All core customer groups, namely Retail, Enterprise and Wholesale, contributed to revenue growth, owing to resilient demand for

growth

Sunway Construction Records Strong Growth in 1Q22

Sunway City Kuala Lumpur, 25 May 2022 – Sunway Construction Group Bhd reported a set of strong financial performance amidst rising material costs. Revenue for the Group surged 37.2% year-on-year (y-o-y) to RM624.7 million in 1Q 2022, underpinned by strong growth from Construction and Precast segments. Profit before tax

growth

70% Growth in Shopee Sellers Outside Major Cities

KUALA LUMPUR, 18 MAY 2022 – Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, celebrates the growth of the region’s digital economy and shares the impact that e-commerce and digital financial services had on local communities in 2021. Southeast Asia continued to see accelerated technology adoption, with 40

growth

Society Pass Sees 4,582% Year on Year Revenue Growth

SINGAPORE, May 2022 – – Society Pass Incorporated (Nasdaq: SOPA), Southeast Asia’s leading loyalty and eCommerce ecosystem, announced that first-quarter 2022 revenues grew 4,582% year on year (from $9,506 for the first quarter ended 31 March 2021 to $445,090 for the first quarter ended March 31, 2022). The

employment

Malaysia: Employment Growth Hit Record High +2.9%yoy 1QCY22

As for 1QCY22, employment growth was at record high of +2.9%yoy (4QCY21: +2.6%yoy) whereas the unemployment contraction rate hit the largest by -12.6%yoy (4QCY21: -8.7%yoy). By age group, the jobless rate for those below 44 declined while above 45 inched up as

growth

Allianz: The shipping industry is still mired in mud

JOHANNESBURG/LONDON/MUNICH/NEW YORK/PARIS/SAO PAULO/SINGAPORE — 10 May 2022 – The international shipping industry is responsible for the carriage of around 90% of world trade, so vessel safety is critical. The sector continued its long-term positive safety trend over the past year but Russia’s invasion of Ukraine,

F&N

F&N records higher Q2 revenue. On a continued growth momentum

* Group revenue increased by 1.5% to RM1,107.7 million for Q2 FY2022, supported by F&B Malaysia’s improved performance. * F&B Malaysia accelerated revenue growth at 9.0% in Q2 FY2022 to RM615.1 million, driven by successful CNY activations and recovery of economic activities.

dividend

Petronas Gas to pursue growth opportunities

KUALA LUMPUR, 27 April 2022 – PETRONAS Gas Bhd Group of Companies is gearing for growth after its 2021 financial year ended with stellar results having surpassed the RM2 billion Profit After Tax (PAT) mark for the second consecutive year at RM2.11 billion. With these commendable financial results, the Group

growth

PGC on track with growth plans for 2022

KUALA LUMPUR, April 21 — PETRONAS Chemicals Group Bhd achieved a record-breaking performance last year and is well on track with its growth plans for this year. The company today held its 24th annual general meeting (AGM) virtually to present the Company’s performance to its shareholders for the financial year

Crypto exchange

Luno continues global momentum with 35% growth

Kuala Lumpur, 13 April 2022: Luno, the global cryptocurrency platform that aims to put the power of crypto in everyone’s hands, today announced that it has surpassed 10 million customers across over 40 countries. Luno has gained an additional 1 million customers in just 6 months. The news follows

AVIA

Growth of OTT industry expected with focus on content

Singapore, Apr 6, 2022 — The Asia Video Industry Association (AVIA) hosted over 850 delegates and featured over 80 industry leaders at the recent OTT Summit, with conversations revolving a lot on the subject of growth, from subscriber and revenue growth to increased local content investment and an intense focus on

Digital Malaysia

Malaysia Is getting closer to becoming a digital nation

By Rockies Ma, General Manager of H3C Malaysia In its efforts to adapt to the changing global economy and become a digital-ready nation, Malaysia’s digital economy is witnessing rapid growth, especially after the advent of the COVID-19 pandemic. At the start of the year, Tengku Datuk Seri Zafrul Tengku

exports

Exports maintained double-digit growth with moderation in Feb

External trade moderated in Feb-22, says analyst firms, adding that exports maintained double-digit growth despite moderation in February. Malaysia’s total trade rose by +17.5%yoy to RM184.8b in Feb-22. Total trade fell below RM200b for the first time in 5 months as exports and imports both decreased

eCommerce

What's Lazada role in Malaysia's 10 EPIC Ecommerce Years

KUALA LUMPUR, 17 March 2021 – Lazada is marking 10 years of trailblazing the growth of eCommerce in Southeast Asia by kicking off a year-long celebration with a series of activities for the Malaysians, which will include the introduction of a personalised Time Machine, an in-app feature celebrating special moments that

apac

APAC growth risk slowing down with Russia-Ukraine conflict

Russia’s (Ca negative) invasion of Ukraine (Caa2 review for downgrade) carries growing risks to the global economy, with spillovers to the Asia-Pacific (APAC) through several channels – notably weaker growth, higher inflation and financial market uncertainty that will exacerbate pandemic-related economic scarring, according to a new report by Moody’s

growth

SMEs in Malaysia Looking to Tap Growth in Asia Pacific

KUALA LUMPUR, Malaysia, 10 March, 2022 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, together with SME Association of Malaysia, recently released the results of a joint survey titled ‘Levelling Up the Logistics Strategy for SMEs in Malaysia’.  According

cameras

Canon EOS System Celebrates 35 years of growth

SHAH ALAM, 8 March 2022 – Canon Inc. will celebrate in March 2022 the 35th anniversary of the launch of the company’s EOS System, which includes EOS-series interchangeable-lens cameras and a diverse range of system accessories, beginning with interchangeable EF lenses. Canon’s EOS System made its debut in March

asia

Growth of foreign inflow continues in Asia markets

Growth of foreign inflow continues in Asia markets though major equity markets across the globe ended the week in a sea of red. The ongoing tension between Russia and Ukraine is weighing on sentiments, say experts. Markets in Asia, particularly Southeast Asia, saw improvements, suggesting rotational flows into the region.

BUSINESS

Maxis continues to deliver strong growth

Kuala Lumpur, 24 February 2022 -Maxis Bhd said today that it closed 2021 with a resilient Q4 performance on the back of healthy growth in service revenue and strong Operating Free Cash Flow (OFCF).  Progressing well with its convergence strategy, performance was driven by its core mobile business as well

BlueVoyant

BlueVoyant Raises $250m Series D for triple-digit growth

NEW YORK, Feb. 23, 2022 — BlueVoyant, an industry-leading internal and external cyber defense platform, announced today the close of its Series D round. Liberty Strategic Capital, a private equity firm founded and led by former U.S. Secretary of the Treasury Steven T. Mnuchin, led the $250-million round with participation

growth

What will we gain with the growth of the quantum ecosystem?

CAMBRIDGE, England and BROOMFIELD, Colo., Feb. 23, 2022 — Quantinuum today announced an agreement with IBM for the growth of the IBM Quantum Hub with Cambridge Quantum Computing Limited. This will provide clients with greater access to IBM’s quantum computing systems, including IBM’s recently announced 127 qubit processor, “Eagle,

bumpy road

A bumpy road is ahead despite a big growth in recovery

HONG KONG SAR — 22 February 2022 – Two years after the onset of the pandemic, the global economy continues to recover, but still faces a bumpy road ahead. After the lull in the 3rd quarter of 2021, Omicron has highlighted the unpredictability of the pandemic and exacerbated one of the main

Genomics

Malaysian Genomics Resource posts significant revenue growth

PETALING JAYA, MALAYSIA, Feb 16, 2022 — Malaysian Genomics Resource Centre, a leading genomics and biopharmaceutical specialist, today announced that it recorded revenue of RM7.63 million for the second quarter ended Dec 31, 2021 (2Q FY2022). The company says it is a significant increase of RM7.49 million compared with

Appier

Appier closes out FY21 with revenue growth of 41%

Appier achieved 12.7 billion JPY in annual revenue with a 41% year-over-year (YoY) growth rate in 2021. This surpasses previous guidance of 12.3 million JPY – marks the consistent growth acceleration for the second consecutive year. Annual gross profit up 51% YoY. With an expanded gross margin, Appier’s