Thai AirAsia August operations temporarily closed amid domestic flight ban

BANGKOK (Aug 1): Thai AirAsia has temporarily closed all operations for August amid domestic flight ban in Thailand, with all employees going on unpaid leave for the month. Thai AirAsia Co Ltd said in a statement the airline would also defer and split the salary payments to employees for July-August 2021. The airline said the suspension of flight operations since …

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Pfizer, Moderna raise Covid-19 vaccine prices in EU — report

BENGALURU (Aug 1): Pfizer Inc and Moderna Inc have raised the prices of their Covid-19 vaccines in their latest European Union supply contracts, the Financial Times reported on Sunday. The new price for the Pfizer shot was €19.50 (US$23.15) against €15.50 previously, the newspaper said, citing portions of the contracts seen. The price of a Moderna vaccine was US$25.50 a …

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Kerjaya Prospek unit bags RM139m contract

KUALA LUMPUR (July 30): Construction outfit Kerjaya Prospek Group Bhd’s wholly-owned unit Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award (LoA) from Damansara Peak Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd (E&O), worth RM139 million. In a statement today, Kerjaya Prospek said the LoA is the group’s fourth contract secured this year, bringing its year-to-date …

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RHB: Good start for Tasco as six-fold 1Q profit spike beats street forecast

KUALA LUMPUR (July 30): Tasco Bhd’s six-fold first quarter (1QFY22) net profit spike to RM15.77 million from RM2.64 million a year earlier has beaten street estimates and positioned the logistics services provider for a good start in financial year ending March 31, 2022 (FY22), according to RHB Investment Bank Bhd today. RHB analysts Lester Siew and Lee Meng Horng wrote …

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Unisem posts 60.9% rise in 2Q profit, declares two sen dividend and proposes one-for-one bonus issue

KUALA LUMPUR (July 30): Unisem (M) Bhd’s net profit for the second quarter ended June 30, 2021 (2QFY21) rose 60.9% to RM54.64 million from RM33.95 million on higher sales volume and selling prices, as well as better interest income. The semiconductor assembly and test services provider posted earnings per share (EPS) of 6.8 sen for the quarter from 4.67 sen last year. …

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ESG concern outweighs high CPO prices, RHB downgrades plantation sector to underweight

KUALA LUMPUR (July 30): Crude palm oil (CPO) price has climbed back to above RM4,000 recently; plantation stocks, however, are not moving up in tandem with the upward trend. The reason is likely to be rising concern on environmental, social and governance (ESG) issues, according to RHB Investment Bank Research. In view of that, its plantation analysts Hoe Lee Leng …

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