Day: July 25, 2024

KUCHING, Affin Bank Bhd has inked a memorandum of understanding (MoU) with three local industry players, namely Sarawak Digital Economy Corporation Bhd (SDEC), Dewan Usahawan Bumiputera Sarawak Kuching Branch and Chemsain Sustainability Sdn Bhd, to expand its footprint to boost small and medium enterprises (SMEs) in Sarawak. The collaboration with local industry players aims to foster digital transformation and sustainable growth in the region, said Affin Islamic Bank Bhd chief executive officer Datuk Syed Mashafuddin Syed Badarudin. ‘Through these collaborations, we aim to provide comprehensive support for SMEs in their digital transformation journey and facilitate access to a collaborative ecosystem,

KUALA LUMPUR, Nestle (Malaysia) Bhd’s net profit almost halved to RM93.60 million in the second quarter (2Q) ended June 30, 2024, from RM180.92 million a year ago due to lower sales and its conscious choices regarding pricing. The food and beverage manufacturer said that as Malaysian families coped with rising food prices and other basic items, it made efforts to moderate the translation of external cost increases to its final prices by absorbing part of the costs and actively mitigating cost pressure through various actions. Meanwhile, revenue for the quarter under review fell to RM1.52 billion from a historic high