Corporate News
- Tesla Inc.'s 20% jump on Tuesday -- its biggest in more than a year – pushed Elon Musk -- the billionaire founder's fortune to $174 billion, closing the gap with Jeff Bezos, the world's richest person, according to the Bloomberg Billionaires Index.
- The top 10 largest wealth gainers, all from the tech industry, added $54 billion combined.
- The surge in Bezos's Amazon. com Inc. helped him gain $6 billion, taking his net worth to $180 billion, while Colin Huang of Chinese online shopping platform Pinduoduo Inc. added almost as much.
- While hopeful for a post-pandemic economic recovery, Top Glove Corp Bhd is also confident global glove demand will remain robust and not revert to pre-pandemic levels.
- In 2Q FY21, Top Glove recorded a net profit of RM2.87bil, the highest quarterly result in Malaysian corporate history and an increase of 24 times net earnings from the previous corresponding quarter.
- The group reported its highest-ever quarterly sales revenue of RM5.37bil, which was 336% higher than in the previous comparative quarter, and 13% higher quarter-on-quarter.
Govt approves RM1.315bil under PENJANA SME financing scheme
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