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Day: July 25, 2024

AFFIN BANK INKS MOU TO BOLSTER SME GROWTH IN SARAWAK

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,

Northern Samar eyes BPO investments

TACLOBAN CITY: The Northern Samar provincial government is positioning the province as a potential business processing and outsourcing (BPO) investment destination to create job opportunities in the province. Jhon Allen Berbon, head of the provincial economic development and investment promotions office (PEDIPO), said in a phone interview Thursday attracting BPO investments is timely since there is an ongoing improvement in mobile and broadband services through the new cell sites built by Globe. ‘Residents and businesses can anticipate reliable and high-speed internet connectivity. We are also in the process of preparing the compliance of Catarman town to the scorecards as a

NESTLE MALAYSIA PROFIT NEARLY HALVED TO RM93.6 MLN IN 2Q

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

Over 720K Region 8 learners now enrolled for new school year

PALO: At least 720,595 learners in Eastern Visayas have signed up for this new school year as the Department of Education (DepEd) steps up its preparation for the opening of classes on July 29. The DepEd regional office reported that the partial enrollment as of Thursday morning only represented 57.43 percent of the actual number of learners logged in the last academic year. DepEd Eastern Visayas assistant regional director Ronelo Firmo said they expect the figure to go up until the first few weeks of the new school year. ‘The recent trend is decreasing annually, especially for kindergarten and elementary,

DA: No reason for rice price spike despite habagat, ‘Carina’

MANILA: The Department of Agriculture (DA) on Thursday said there is no reason for rice retail prices to spike despite the onslaught of the enhanced southwest monsoon and super typhoon Carina. “There’s no reason to worry na magtaas iyong presyo ng bigas dahil sa ngayon maganda iyong harvest natin noong (that the prices of rice will increase because our harvest is good during the last) dry season. We have enough harvest. Iyong ating importation, mataas din iyong level (our importation is also on a high level),” DA Assistant Secretary Arnel de Mesa said in a phone interview. As of July