KUALA LUMPUR: Mydin Mohamed Holdings Bhd expects to reduce its dependency on foreign workers with the development of its new automated national distribution centre (MDC) in Elmina, Selangor. Managing director Datuk Ameer Ali Mydin said the new facility, which will operate with 70 per cent automation, requires only 132 employees compared to its current Shah Alam...
PETALING JAYA: Cautious consumer sentiment will continue to weigh on vehicle sales and reflect on automotive-related stocks despite measures to boost demand and a range of mostly electric vehicle (EV) choices coming into the market mainly from China. Analysts have largely kept their recommendation on automotive stocks to “neutral”, following the Malaysian Automotive Association’s (MAA) Tuesday...
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Sime Darby Property Bhd, in collaboration with Tenaga Nasional Bhd, has become the first company to harness the power of solar energy under the country's National Energy Transition Roadmap via community renewable energy aggregation mechanism initiative. Duopharma Biotech Bhd, in which Permodalan...
