<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 27): Telekom Malaysia Bhd (TM) shares fell 2.98% this morning after the utility giant said it anticipates revenue its financial year ending Dec 31, 2019 (FY19) to be lower versus FY18, amid continuous competition and higher customer expectations for better services with lower prices.</p></div>

<div class=newsTextDataWrapInner><p>At 9.05am, TM fell 9 sen to RM2.93 with 267,000 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>Earlier today, TM said its net profit for the fourth quarter ended Dec 31, 2018 (4QFY18) slumped 74.9% to RM69.66 million, from RM277.01 million a year ago, while revenue dropped to RM3.09 billion from RM3.2 billion.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For FY18, TM’s net profit fell 83.5% to RM153.15 million from RM929.75 million in FY17, while revenue declined 2.2% to RM11.82 billion from RM12.09 billion.</p></div>

<div class=newsTextDataWrapInner><p>TM acting group chief executive officer Imri Mokhtar said at a media briefing that TM will focus on various cost optimisation initiatives to increase earnings before interest and tax in FY19.</p></div>

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KUALA LUMPUR (Feb 27): Telekom Malaysia Bhd (TM) shares fell 2.98% this morning after the utility giant said it anticipates revenue its financial year ending Dec 31, 2019 (FY19) to be lower versus FY18, amid continuous competition and higher customer expectations for better services with lower pr...

Telekom Malaysia dips 2.98% on revenue warning for FY19 

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The chairman of Vietnam's parliament Vuong Dinh Hue has resigned over his "violations and shortcomings", its government said on Friday, in a new sign of political turbulence just weeks after the high-profile dismissal of the country's president.

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Shares in ViTrox Corp Bhd fell to their lowest in a month, as first-quarter results disappointed investors, while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

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SEPANG (April 26): A good airline company management can provide substantial wages to employees, commensurate with their services, said Prime Minister Datuk Seri Anwar Ibrahim.

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The Employees Provident Fund (EPF) has announced the implementation of Account 3, named Flexible Account, from May 11.

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Voice TV, a television station owned by former Prime Minister Thaksin Shinawatra’s family, is set to cease operations next month and lay off about 200 employees including journalists, local media Thai PBS reported.

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BERN (April 26): Climate campaigners picketed the Swiss National Bank's (SNB) shareholders meeting on Friday to protest against the central bank's investments in companies they say damage the environment and carry out fracking.

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Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


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<p>Analysts believe Capital A Bhd's proposed restructuring plan will help the group exit the Practice Note 17 (PN17) status and enhance its competitiveness, as well as provide benefits to AirAsia X Bhd's (AAX) shareholders in terms of free warrants and improved company valuation post restructuring.</p>


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<p>Shares in ViTrox Corp Bhd fell to their lowest in a month, as first-quarter results disappointed investors, while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>

<p>ViTrox fell as much as 6% before ending the day at RM7.40, its lowest since March 26, 2024. The stock was still down a little under 3% at the closing bell after 5.29 million shares changed hands. In contrast, the country’s benchmark index FBM KLCI was 0.4% higher.</p>


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<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


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<p>The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.</p>


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<p>The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.</p>

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<p>The Malaysian Anti-Corruption Commission (MACC) has given businessmen Mirzan Mahathir and Tan Sri Mokhzani Mahathir a 30-day extension from Friday to declare their assets to the anti-graft body.</p>


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