KUALA LUMPUR: AmBank Research expects Bank Negara Malaysia’s monetary policy committee (MPC) to retain the overnight policy rate (OPR) at 3.25% for the rest of this year due to the lower inflationary trends.
KUALA LUMPUR (July 19): Owing to the market contraction, British American Tobacco (Malaysia) Bhd registered a 21.07% drop in net profit to RM113.72 million for the second quarter ended June 30.
In a bourse filing, BAT also attributed its lower earnings to the absence of the sale of residual leaf raw materials to related companies outside of Malaysia and the portfolio mix impact as a result of its Rothmans launch in the Value for Money (VFM) segment.
Revenue was 9.24% lower at RM679.15 million from RM748.31 million in the same quarter last year.
InkHunter, an augmented reality tattoo try-on app that was born out of a 48-hour hackathon back in the altogether gentler days of 2014 has bagged a place in Y Combinator’s summer 2018 batch, scoring itself the seed accelerator’s standard $120,000 deal in exchange for 7% equity. We first covered InkHunter in April 2016 when it had […]