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Penang To Offer 60 Year Lease For BKIP 3

The Penang Development Corporation said it will offer industrial land leases to investors for a maximum period of 60 years after the completion of...

MARC Upgrades UMW Ratings Post Merger

MARC Ratings has removed UMW Holdings Berhad’s sukuk programme ratings from MARCWatch Developing, where they have been placed since August 25, 2023. The rating action...

China Adds More Cities To Its Visit HK, Macau Scheme

Starting March 6, citizens of Xi'an in northwest China's Shaanxi Province and Qingdao in east China's Shandong Province will be eligible to visit the...

Outgoing AEON MD Reports Solid Year, Declares Final Dividend

AEON Co Bhd. announced its current quarter results reporting an improved its performance registering Profit After Tax (PAT) of RM114.8 million, a 3.2% increase...

Malaysia’s New Post-Study Work Pass: A Step Forward, But Is It Enough?

Dr. Syed Alwee Alsagoff, Fellow, Majlis Profesor Negara- On the back of the revelation of an acute talent shortage for graduates in the high-tech...

Malakoff Records RM964 Loss, Expects Stability In 2024

For the quarter ended 31 December 2023, Malakoff recorded RM2,262.4 million in revenue, a decrease of RM710.3 million or 23.9% from RM2,972.7 million reported...

FDI Into China Decreases 11.7% To US$112 Billion In January

Foreign direct investment (FDI) in the Chinese mainland in actual use stood at 112.71 billion yuan (about 15.86 billion U.S. dollars) in January, down...

Titijaya Appoints Former KL Mayor As Chairman

Titijaya Land Berhad has appointed Datuk Seri Haji Mahadi Bin C.Ngah the former mayor of Kuala Lumpur as its Chairman effective 23 February 2024. Datuk...

Samchem Turns Around Swiftly, Declares Fourth Dividend

Samchem Holdings announced its fourth quarter results with revenue increasing 13% to RM308.3 million, compared to RM273.3 million in the previous year's corresponding quarter...

Axis REIT To Acquire Industrial Complex From Amsteel For RM49 Million

Axis Real Estate Investment Trust’s entered into a sale and purchase agreement to acquire an industrial complex, from Amsteel Mills Sdn. Bhd. for a...

Kerjaya Optimistic To Conclude The Year Positively

Kerjaya Prospek Property Berhad announced its third quarter results with revenue rising 21.4% to RM99.3 million from RM81.8 million in the preceding year’s corresponding period....

IOI Corp’s Q2 Profit Suffers

IOI Corporation released its Q2 FY2024 financial results with the group reporting a profit before tax of RM417.9 million as compared to RM857.0 million...

Sports Toto Sees Q2 Profit Dropping 60% From Reduced Draws

Sports Toto Berhad reported a revenue of RM1.37 billion for the current quarter, showing a drop of 2.8% compared to the revenue of RM1.41...

Ringgit Depreciates Just As PM Assures Efforts To Address Decline

The ringgit depreciated further today against the dollar, closing at 4.7750 compared to Thursday's 4.770, however the local currency did improve against the Singapore...

OCBC Forecasts 2024 Headline Inflation At 2.5%

January headline CPI was unchanged at 1.5% YoY, slightly below expectations (Consensus & OCBC: 1.6%). Core inflation eased further to 1.8% YoY versus 1.9%...

JCB Cards Now Accepted On Maybank Merchant Terminals

JCB International Co., Ltd has announced that its JCB Cards are now accepted on the merchant terminals of Maybank Singapore Limited including Malaysia and...

Mastercard, GX Bank Launch First Unlimited Cashback Debit Card

Mastercard, has tied with exclusively with GX Bank Berhad to bring the first unlimited cashback debit card to the public, following a successful pilot...

MR DIY Delivers Another Year Of Solid Financial Performance

MR D.I.Y Group Berhad reported its fourth quarter revenue that rose 7.6% to RM1.1 billion compared to the previous corresponding period, driven by a 16.8% growth in new...

Persistent Bond Market Outflow As Fed Keeps Hawkish Tone

The foreign fund outflow from the bond market intensified in January 2024, the second consecutive month of net foreign selling. The overall net outflow...

Skyscrapers Meaningless If People Still Trapped In Poverty- Sultan Nazrin

Towering skyscrapers do not give meaning if there are still people trapped in poverty, struggling to secure basic necessities like food and shelter, said Sultan...

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