Business

Malaysia is advancing steadily to emerge as a leading global healthcare destination in 2025, with the success of the healthcare tourism sector chalking up a RM2.25 billion revenue in 2023. In just a year before the completion of the Malaysia Healthcare Travel Industry Blueprint 2021-2025, the aspiration to fulfil the ‘Best Malaysia Healthcare Travel Experience’ by 2025 can be achieved following a growing number of health tourists making their way to Malaysia. Malaysia Healthcare Travel Council (MHTC), an agency under the Ministry of Health (MoH), told Bernama that the country recorded 353,000 health tourist arrivals in the first quarter of

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

GEORGE TOWN,, The Small and Medium Enterprises Association of Malaysia (SAMENTA) will intensify its efforts to assist small and medium enterprises (SMEs) in the country, in improving their compliance with environmental, social, and governance (ESG) standards. Its president Datuk William Ng said many SMEs still struggle with meeting these essential standards, which are crucial for maintaining competitiveness in the industry. ‘There are numerous issues requiring SAMENTA’s attention, but ESG compliance is a particularly pressing one. We aim to support SMEs in addressing this challenge, by enhancing their understanding and knowledge of ESG requirements,’ he said. In addition to ESG compliance,

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

GEORGE TOWN,, The Small and Medium Enterprises Association of Malaysia (SAMENTA) will intensify its efforts to assist small and medium enterprises (SMEs) in the country, in improving their compliance with environmental, social, and governance (ESG) standards. Its president Datuk William Ng said many SMEs still struggle with meeting these essential standards, which are crucial for maintaining competitiveness in the industry. ‘There are numerous issues requiring SAMENTA’s attention, but ESG compliance is a particularly pressing one. We aim to support SMEs in addressing this challenge, by enhancing their understanding and knowledge of ESG requirements,’ he said. In addition to ESG compliance,