<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 20): Lower expenses and higher other income helped boost KESM Industries Bhd’s net profit to RM4.53 million or 10.53 sen a share for the first quarter ended Oct 31, 2019 (1QFY20), a whopping 71.45% more than the RM2.64 million or 6.14 sen a share for the same period last year.</div>

<div class=newsTextDataWrapInner>This was inspite of a 11.24% decline in revenue to RM72.39 million, from RM81.56 million before, owing to lower demand for burn-in, testing and electronic manufacturing services (EMS), according to the company’s filing with Bursa Malaysia today.</div>

<div class=newsTextDataWrapInner>KESM said it continues to focus on improving factory productivity, automation and aligning capacity to progressive increase in demand, amidst hopes for an improved US-China trade agreement.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Shares of KESM closed unchanged at RM8.39 today, valuing the company at RM360.89 million.</div>

KUALA LUMPUR (Nov 20): Lower expenses and higher other income helped boost KESM Industries Bhd’s net profit to RM4.53 million or 10.53 sen a share for the first quarter ended Oct 31, 2019 (1QFY20), a whopping 71.45% more than the RM2.64 million or 6.14 sen a share for the same period last year.

This was inspite of a 11.24% decline in revenue to RM72.39 million, from RM81.56 million before, owing to lower demand for burn-in, testing and electronic manufacturing services (EMS), according to the company’s filing with Bursa Malaysia today.

KESM 1Q net profit rises 71% on lower expenses, higher other income

RIYADH (April 28): The Asean-Gulf Cooperation Council (Asean-GCC) should find mechanisms to advance trade, investments, collaboration and research, said Malaysian Prime Minister Datuk Seri Anwar Ibrahim.

Asean-Gulf Cooperation Council should find mechanisms to advance trade, investment — Anwar

KOTA BHARU (April 28): Oil and gas exploration and production outfit Hibiscus Petroleum Bhd is looking to leverage the economic boom in the Tok Bali area (in Kelantan), by using it as one of its operating hubs.

Hibiscus Petroleum looking to leverage the economic boom in Tok Bali

RIYADH (April 28): Agrobank president and chief executive officer Tengku Ahmad Badli Shah Raja Hussin has been re-elected as vice-chairman of the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (Adfimi) from 2025-2027.

Agrobank’s Tengku Ahmad Badli Shah re-elected as Islamic bank association’s vice-chairman for 2025-2027

KUALA LUMPUR (April 28): Malaysia believes there is a need to revisit commitments to sustainable development, efficient global resources and fair and balanced trade among countries, said the Ministry of Investment, Trade and Industry (Miti).

Zafrul: Trade-related and ESG measures must be fair to developing countries

CAIRO ( April 28): A Hamas delegation will visit Cairo on Monday for talks aimed at securing a ceasefire, a Hamas official told Reuters on Sunday, as mediators stepped up efforts to reach a deal ahead of an Israeli assault on the southern city of Rafah.

Hamas delegation to visit Cairo on Monday for Gaza ceasefire talks, Hamas official says

The 6,272-acre Bandar Sri Sendayan, which is part of the upcoming economic growth area of Malaysia Vision Valley 2.0, is a self-sustaining township in Seremban, Negeri Sembilan where residents will find daily conveniences on their doorstep. It is now offering premium living with Resort Villa, an exclusive RM135.9 million development that consists of just 34 two-storey bungalow villas.

Exclusive luxury offerings at Bandar Sri Sendayan

BEIJING/TOKYO (April 28): China's coast guard confronted Japanese lawmakers in waters claimed by both countries in the East China Sea, China's embassy in Tokyo and Japanese media said on Sunday, the latest in a series of maritime disputes involving China and its neighbours.

China confronts Japanese politicians in disputed East China Sea area

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) is investigating a senior leader in the northern region on suspicion of appointing several companies believed to be linked to him for supply projects valued at about RM300,000.

Senior leader under probe for suspected cronyism over supply projects

BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.

Thai foreign minister resigns after losing deputy PM post

RIYADH (April 28): Prime Minister Datuk Seri Anwar Ibrahi held a bilateral meeting with President Paul Kagame of Rwanda on the sidelines of the World Economic Forum (WEF) Special Meeting here on Sunday.

Anwar holds meeting with President of Rwanda

KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.

Abang Johari: Investors must deposit minimum RM2 mil to migrate to Sarawak

SHANGHAI/BEIJING (April 28): Tesla chief executive officer (CEO) Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of full self-driving software and permission to transfer data overseas, according to a person with knowledge of the matter.

Elon Musk visits China as Tesla seeks self-driving technology rollout

CYBERJAYA (April 28): The Occupational Safety and Health (Amendment) Act 2022 will come into effect on June 1, thus further increasing the level of safety and health at workplaces nationwide, said Human Resources Minister Steven Sim Chee Keong.

Minister: Occupational Safety and Health (Amendment) Act 2022 comes into force on June 1

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) has requested information from German authorities concerning the alleged acquisition of luxury vehicles in Germany, financed by 1Malaysia Development Bhd (1MDB) funds, according to MACC chief commissioner Tan Sri Azam Baki.

MACC probes alleged luxury car buys in Germany with 1MDB funds

BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.

SEREMBAN (April 28): Tabung Haji (TH) bore over RM350 million in direct and indirect financial assistance costs for this year's haj operations, its haj&nbsp;management general manager Mohamed Heikal Mohamed Yusuff revealed on Sunday. &nbsp;

Tabung Haji bore more than RM350m in assistance cost for this year's haj ops

RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.

Anwar: Malaysia adopts a balanced foreign policy, stands clear of provocations

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) is investigating a senior leader in the northern region on suspicion of appointing several companies believed to be linked to him for supply projects valued at about RM300,000.

KUCHING (April 28): Water is an important component which acts as a stabiliser and catalyst for sustainable national development, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Water acts as stabiliser, catalyst for sustainable national development — Fadillah

RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.

Saudi Arabia's Vision 2030 projects to be adjusted as needed, finmin says

CAIRO (April 28): Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion AED (US$34.85 billion), he said on Sunday in a post on X.

Dubai ruler approves new US$35 bil airport terminal

KUALA LUMPUR (April 28): Police have verified the arrest of Chegu Bard, also known as Badrul Hisham Shaharin, a member of Parti Pribumi Bersatu Malaysia's Information Committee, on Saturday (April 27), and are launching an investigation into his Facebook post regarding the purported opening of a casino in Forest City.

Police detain Chegu Bard, launch investigation into casino statement

LISBON (April 28): Russia's air defence systems destroyed 17 drones launched by Ukraine over its territory, Russia's defence ministry said on Sunday, with a regional official saying the attack targeted an oil storage facility in the Kaluga region.

Russia says it destroyed 17 drones launched by Ukraine

RIYADH (April 28):&nbsp;Prime Minister Datuk Seri Anwar Ibrahi&nbsp;held a bilateral meeting with President Paul Kagame of Rwanda on the sidelines of the World Economic Forum (WEF) Special Meeting here on Sunday.

RIYADH (April 28): Agrobank&nbsp;president and chief executive officer Tengku Ahmad Badli Shah Raja Hussin has been re-elected as vice-chairman of the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (Adfimi) from 2025-2027.

KUALA LUMPUR (April 28): Malaysia believes there is a need to revisit commitments to sustainable development, efficient global resources and fair and balanced trade among countries, said the Ministry of Investment, Trade and Industry (Miti).

BEIJING/TOKYO (April 28): China's coast guard confronted Japanese lawmakers in waters claimed by both countries in the East China Sea, China's embassy in Tokyo and Japanese media said on Sunday, the latest in a series of maritime disputes involving China and its neighbours.

The 6,272-acre Bandar Sri Sendayan, which is part of the upcoming economic growth area of Malaysia Vision Valley 2.0, is a self-sustaining township in Seremban, Negeri Sembilan where residents will find daily conveniences on their doorstep. It is now offering premium living with Resort Villa, an exclusive RM135.9 million development that consists of just 34 two-storey bungalow villas.

KOTA BHARU (April 28): Oil and gas exploration and production outfit Hibiscus Petroleum Bhd is looking to leverage the economic boom in the Tok Bali area (in Kelantan), by using it as one of its operating hubs.&nbsp;

CAIRO (&nbsp;April 28): A Hamas delegation will visit Cairo on Monday for talks aimed at securing a ceasefire, a Hamas official told Reuters on Sunday, as mediators stepped up efforts to reach a deal ahead of an Israeli assault on the southern city of Rafah.