<div class=newsTextDataWrapInner><p>SHAH ALAM (Aug 22): Pos Malaysia Bhd expects better revenue and net profit growth for current financial year ending March 31, 2018, driven by its logistics, aviation and e-commerce segments.</p></div>

<div class=newsTextDataWrapInner><p>Speaking to reporters after Pos Malaysia's annual general meeting here today, group chief executive officer Datuk Mohd Shukrie Mohd Salleh said the company planned to position its businesses with the right infrastructure.</p></div>

<div class=newsTextDataWrapInner><p>"For us (Pos Malaysia), e-commerce will still be the main driver," Mohd Shukrie said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Going forward, Mohd Shukrie said he wanted Pos Malaysia to have consistent topline and bottomline growth as the company invests heavily in infrastructure.</p></div>

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SHAH ALAM (Aug 22): Pos Malaysia Bhd expects better revenue and net profit growth for current financial year ending March 31, 2018, driven by its logistics, aviation and e-commerce segments.

Speaking to reporters after Pos Malaysia's annual general meeting here today, group chief execut...

Pos Malaysia expects better revenue, profit growth for FY18 — CEO

China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar and poor risk sentiment pressure currencies across Asia.

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<p>Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.</p>


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<p>President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.</p>


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<p>Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.</p>


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<p>Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.</p>


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<p>Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.</p>


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<p>Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.</p>


<p>Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).</p>


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<p>The stock market saw its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields.</p>


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<p>Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.</p>


<p>The ringgit extended Wednesday’s gains to open higher against the US dollar on Thursday as the greenback retreated from multi-month highs after a pullback in US Treasury yields, said an analyst.&nbsp;</p>


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<p>Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region.</p>


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<p>Bursa Malaysia opened slightly lower on Thursday but moved up thereafter. &nbsp;</p>


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<p>RHB Retail Research said Marine &amp; General Bhd is set for an uptrend reversal after undergoing a bullish breakout above the 28 sen resistance on Wednesday, on strong trading volume.</p>


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<p>Indonesia's economy was primed for monetary easing later this year, but an unwelcome plunge in its currency is complicating matters for Bank Indonesia and could force it to grudgingly raise rates as early as next week.</p>
