Business

KUALA LUMPUR,, CelcomDigi Bhd has submitted its proposal on the deployment of Malaysia’s second 5G network to the Malaysian Communications and Multimedia Commission (MCMC) this morning. Its chief executive officer, Datuk Idham Nawawi said the proposal highlights CelcomDigi’s commitment to building an advanced 5G network and accelerating its adoption among consumers and businesses. ‘We believe that we have submitted a compelling case to deploy Malaysia’s second 5G network – either alone or in partnership with others – towards ensuring a thriving 5G ecosystem built for the nation,’ he said in a statement today. The telco emphasised its ability to deliver

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,, 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,, Alliance Bank Malaysia Bhd (Alliance Bank) expects healthy loan growth between eight per cent and 10 per cent for the financial year 2025 (FY2025), driven by its small and medium enterprise, corporate and consumer banking segments. Alliance Bank group chief executive officer Kellee Kam said the bank is poised for strong growth as it sees favourable economic conditions in the country during the first half of 2024. ‘In the first two quarters, Malaysia’s gross domestic product grew pretty rapidly. Now, there are also further opportunities from the foreign direct investments that have been approved as well as the

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