TOKYO (Reuters) - Japan's Panasonic Holdings said on Thursday the second-quarter operating profit of its battery-making energy unit rose 42%, despite pressure from decreasing demand in Japan and lower sales values in North America due to price revisions.
KUALA LUMPUR: Khazanah Nasional Berhad and Fashion Valet should promptly address public concerns regarding their recent transaction, says Communications Minister Fahmi Fadzil .
“We are monitoring the issue closely. Although I haven’t yet received a full report on the specifics, many questions are circulating, and people are seeking clarity,” he said when met at the Madani Deepavali Open House on Thursday . On Tuesday , the Finance Ministry said that Khazanah Nasional Bhd and Permodalan Nasional Bhd have sold their collective stakes in Malaysia’s first fashion e-commerce platform, Fashion Valet Sdn Bhd , for RM3.1mil.In a written parliamentary reply, the Finance Ministry revealed that Khazanah had invested RM27mil and PNB RM20mil in 2018 to acquire minority stakes in FashionValet.
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