Day: July 31, 2024

KUALA LUMPUR,, Lotte Chemical Titan Holding Bhd’s (LCT) net loss of RM248.88 million narrowed in the second quarter ended June 30, 2024 (2Q FY2024) against a net loss of RM313.47 million in the same quarter last year. In a filing with Bursa Malaysia, it attributed the narrowing of its net loss to lower sales volume, lower gross negative margin, and a lower write-down of inventories to its net realisable value. Revenue for the 2Q FY2024 declined to RM1.78 billion compared with RM1.86 billion a year ago. On a cumulative six-month basis, the group’s net loss fell 19 per cent to

KUALA LUMPUR,, Infomina Bhd has accepted a letter of acceptance from the Ministry of Home Affairs, amounting to RM34.71 million. In a filing with Bursa Malaysia today, the technology company said the award is for the provision of technology application and infrastructure operations, maintenance and support services. The service is to provide key support to the ministry’s core application, including data and storage management, workload automation, report and spool management and holistic database analysis and management for three years commencing Aug 1, 2024, to July 31, 2027. “This is expected to contribute positively to the earnings of the Infomina group

KUALA LUMPUR,, Malaysia should conduct a comprehensive economic study on sustainability criteria, commercial availability, and technology readiness of multiple potential technology pathways to boost the production of sustainable aviation fuel (SAF), said experts. President of Malaysia Biomass Industries Confederation Datuk Leong Kin Mun said the development of SAF in Malaysia offers a significant opportunity to utilise the country’s abundant oil palm biomass, crude palm oil (CPO), and sludge palm oil. He noted that Malaysia generates approximately 95 million dry tonnes of solid palm biomass annually and 18 million tonnes of CPO and sludge palm oil, all recognised as Carbon Offsetting