Petronas Dagangan Berhad has posted a net profit of RM581 million

On its global outlook on recovery for aviation fuel and fuel bunkering businesses, which accounted for RM2.44 billion (10%) of the company’s total revenue for financial year ended March 31, 2009, Petronas Dagangan Berhad has posted a drop in its net profit of 12.88% to RM581.76 million from RM667.78 million a year ago, while its revenue has improved 9.27% to RM24.35 billion from RM22.29 billion.

Speaking to medias, at its AGM held at Kuala Lumpur Convention Centre, Datuk Anuar Ahmad, Chairman of PetDag Bhd said,”that both aviation fuel and fuel bunkering businesses had been affected by effects of the slowing down of global economy and other external factors”. Datuk Anuar added,”the aviation industry is seeing less people travelling due to economic downturn and the H1N1 virus, while the bunkering businesses, affected by economic slowdown, sees less movement of vessels, cargo and trade, causing less demand for bunkers (bunker fuel is used in the maritime sector to power large, ocean-going vessels)”.

With a current 920 retail stations located across the nation, the company which is 69.86% owned by Petroliam Nasional Berhad as of May29, 2009, its Managing Director/CEO Mohamad Sabarudin Mohamad Amin said, “we plan to set up another 30 stations by end FY10 while RON95 fuel will be available nationwide by September this year”. Also present at the media briefing were, En. Md Arif Mahmood, Vice President Oil Business, PetDag Berhad and En. Mohamad Fadzlan Abdul Samad, Senior General Manager Retail Business Division, PetDag Berhad.

Salvatore Ferragamo Autumn/Winter’ 09 Collection Debuted at Pavilion KL

Autumn/Winter is here and sales are on. The weather is getting colder and colours are even vibrant as ever. For fashion brand Salvatore Ferragamo Autumn/Winter’ 09 Collection is all about elegance, classy, finest luxurious and couture designer brands.

Held at Cafe Stelle, Pavilion Kuala Lumpur, in partnership with  EON Banking Group, to pamper the EON BANK Pavilion cardholders with outrageous promotions and soaring discounts at more than 40 luxury designers’ brands all nestled in the Couture Pavilion precinct, the 3-day fashion delights, have highlighted well known brands, namely,  Alexandre De Paris, Alfred Dunhill, Armani Exchange, Bally, Burberry, Bvlgari, Cafe Stelle by Raffles, Calvin Klein, Canali, Celine, Chopard, Diane von Furstenberg, DKNY, Juicy Couture, L’Occitane, Longchamp, Liuligongfang, Marc by Marc Jacobs, Maxmara, Mikimoto, Mondial, Montblanc, Omega, Salvatore Ferragamo, Shu Uemura, Tag Heuer, The Hour Glass, The Melium Group, Thomas Pink, Tiffany & Co, Valiram Group and Versace.

The Salvatore Ferragamo (SF) latest men’s collection breathes new ideas for the contemporary and metropolitan luxury style. Hence SF Autumn/Winter’ 09 Collection, with clothes that prep one for the chilly months but won’t bundle one up like a trendy eskimo in furry coats and snug gloves. This season must-have accessories for Salvatore Ferragamo men are, the half-briefcase, half weekend bag, a completely new tote-bag and cashmere long johns, overcoats and double-breasted jackets. The suits are structured, pants are slim, jackets are neat and comfortably cut, the focus is on exqusite tailoring remains in each piece.

The women’s collection revealed the new Salvatore Ferragamo’s woman which was an ensemble of couture and metallic heels that created a sophiticated and contemporary elegance. The highlights are stylish tones of dark red, followed by nocturnal colors. Acollection that brings feminity to a new with its gloved arch and its famous leather-line “Ferragamo-shank”. And in the spirit of the coming season, they are given a sophisticated feel with satin and velvet,  that exudes the style of screen siren Scarlett Johansson infused with the rock-chic Gwen Stefani.

The momentous event was officiated by Miss Joyce Yap, Chief Executive Officer- Retail of Pavilion Kuala Lumpur, who said “we are proud to host the only Malaysian Autumn/Winter’ 09 couture fashion show at Pavilion Kuala Lumpur. This couture showcase underlines our aspiration to be on par with other fashion hubs such as Milan, Paris and New York, providing one of a kind designer outfits for the emerging fashionitas in Malaysia. It is initiatives like this, that contributes to Pavilion KL’s success in becoming the World’s Best Retail centre comprising a wholesome mixture of retail, dining and entertainment avenues for locals and foreigners alike”.

To spice up the fashion event, Canali, a world renowned brand from Italy sashayed the catwalk displaying their latest men’s collection straight off rubway from. Bvgari also made its way to the stage, mesmerizing the crowds with their unique as well as latest collection of baubles and timepieces.