KUALA LUMPUR: Frontken Corp Bhd’s net profit jumped 25.5% to RM6.3mil in the first quarter ended March 31, compared with RM5.02mil in the same period a year ago due to higher revenue and lower foreign exchange loss.
NEW YORK (Aug 17): Oil rose slightly as global markets steadied on Thursday, recovering some of the previous day's 2 percent slide, though a weakening outlook for crude demand kept prices in check.
The oil market slid on Wednesday as data showing a large build in U.S. inventories fed concern about the fuel demand outlook, while crude was also pressured by broader selling of industrial commodities such as copper.
JAKARTA (Aug 17): Go-Jek, Indonesia’s first billion-dollar startup, is “extremely close” to achieving profitability in all its segments, except transportation, its founder and CEO Nadiem Makarim told Reuters.
Launched in 2011 in Jakarta, Go-Jek - a play on the local word for motorbike taxis - has evolved from a ride-hailing service to a one-stop app allowing clients in Southeast Asia’s largest economy to make online payments and order everything from food, groceries to massages.