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Malaysia Recorded RM329.5 Billion In Approved Investment In 2023- PM

Prime Minister Datuk Seri Anwar Ibrahim said Malaysia recorded total approved investments of RM329.5 billion in 2023 which is 23.0 per cent higher than in...

Malaysia Cement Reports Solid 1H Earnings With Record Profits

Malayan Cement's revenue increased 31% to RM2,306.6 million for the 6 months ended 31 December 2023 compared to RM1,755.8 million for the previous corresponding...

New Marketing Head Joins Naza Italia

Naza Italia, the sole distributor of Maserati in Malaysia, has announced the appointment of Veena Menon Suraitheran as its new Head of Marketing &...

YTL Power 1H PAT Jumps 377% To RM1.71 Billion

YTL Power registered a 15% increase in revenue to RM10,819.3 million for the 6 months ended 31 December 2023 compared to RM9,447.2 million for...

Singapore Waiting For Malaysia’s Response On Woodland Land Sale

Singapore is awaiting Malaysia's response regarding the purchase of two plots of land that would help facilitate the redevelopment of Woodlands Checkpoint. In a response to...

Kossan Rubber Sees Profit Drop 90% To RM14 Million In 2023

Kossan Rubber reported its financial report for the 2023, with a revenue of RM1.59 billion, a decrease of 32.34% as compared with RM2.34 billion...

DNeX Clinches 2 Year Contract From Tax Board

Dagang NeXchange Berhad, through its subsidiary Innovation Associates Consulting Sdn Bhd has clinched a maintenance contract extension from the Inland Revenue Board of Malaysia. Under the...

YTL Corp Q2 Profit Surges 600% To RM589 Million

YTL Corporation reported its second quarter results revenue increasing to RM7.53 billion as compared to RM6.59 billion recorded in the preceding year corresponding quarter....

CIMB Niaga Reports Another Year Of Stellar Performance, PBT Up 27%

CIMB Indonesia unit, PT Bank CIMB Niaga Tbk reported an audited consolidated profit before tax of IDR8.4 trillion in 2023, representing a 27.0% year-on-year...

Axiata Reports Loss Of RM1.99 Billion For 2023

Axiata Group Berhad today announced financial results for its fourth quarter and fiscal year 2023 recording revenue of RM5.7 billion a slight increase from...

SDP Takes A Hit From Lower CPO Price, FY23 PAT Down 25% To RM1.86 Billion

Sime Darby Plantation Berhad registered a net profit of RM200 million in the fourth quarter of the financial year ended 31 December 2023 (4Q...

Maxis FY23 Revenue Surpasses RM10 Billion, PAT Dips Slightly To RM993 Million

Maxis reported its fourth quarter and full year financial results for 2023, with the group recognising a drop in profit after tax from RM233...

TNB Plans To Turn Hydro Dam Lakes Into Floating Solar Farms

Looking to use large water surface area for potential solar energy generation, Tenaga Nasional Berhad is embarking on HHFS Photovoltaic (PV) projects under National Energy...

US Dollar Slides While Commodity Currencies Gain

Amidst a continued modest correction, the US dollar has traversed lower overnight, with the dollar index testing support at the bottom of the recent...

Eastspring Appoints New Chief Investment Officer

Eastspring Investments has announced the appointment of Vis Nayar as Chief Investment Officer, effective 3 June 2024. Based in Singapore, he will report to Eastspring’s...

Sunway Property Sets Target Of RM2.6 Billion For 2024

Sunway Property, has announced its sales target of RM2.6 billion for 2024, this comes on the back of its positive performance over the past...

PCG, Sarawak Petchem Explore On Low Carbon Amonia And Urea Plant In Bintulu

PETRONAS Chemicals Group Berhad has inked an MOU with Sarawak Petchem Sdn. Bhd. to conduct a joint feasibility study to develop a low-carbon...

KLK Appoints Tan Sri Dato Lee As Executive Chairman

KL Kepong Berhad has informed the redesignation of Tan Sri Dato' Seri Lee Oi Hian as the group's Executive Chairman from his previous post...

Tan Sri Jamal To Leave Sunway Group Due To Work Commitments

Sunway Group has informed the departure of Tan Sri Jamaludin Ibrahim who was the independent and non executive director at the group due to...

BFood Records Loss Of RM42 Million In Q2 As Boycott Takes Its Toll

Franchise holder of Starbucks, Berjaya Food registered a revenue of RM182.55 million and pre-tax loss of RM39.81 million in the current quarter ended 31...

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