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Malaysia Seen Benefiting As Investors Shift Risk From China: Moody’s Analytics

Malaysia, Indonesia and Thailand are likely to attract foreign investments as companies look to “deconcentrate risk away from China”, said Moody’s Analytics. Moody’s said as...

MN Holdings Registers PBT Of RM3.29 Million In 4QFY23, EPS Stands At 2.35 Sen

Underground utilities and substation engineering specialist MN Holdings Berhad (MN Holdings) reported a profit before tax (PBT) of RM3.29 million in 4QFY23, an increase...

Samaiden’s Revenue Surged To RM170.8 Million For FY2023, Declares First-Ever Dividend Of 0.5 Sen Per Share

Samaiden Group Berhad (Samaiden) recorded an revenue of RM170.80 million for the financial year ended 30 June 2023 (FY2023), compared with RM150.72 million in...

Infomina Incorporates Subsidiary In Japan

Infomina Berhad (Infomina), a regional technology solutions provider, announced that it has incorporated a wholly owned subsidiary, Infomina Japan K.K. (Infomina Japan) in Japan...

PM: NIMP 2030 To Transform Malaysia Into High-Tech Industrialised Nation

The soon-to-be-launched New Industrial Master Plan 2030 (NIMP 2030) will transform Malaysia into a high-tech industrialised nation, said Prime Minister Datuk Seri Anwar Ibrahim. In...

Adnan Zaylani Appointed As BNM Deputy Governor

Bank Negara Malaysia (BNM) today (Aug 30) announced that the Minister of Finance has approved the appointment of Adnan Zaylani Mohamad Zahid as Deputy...

Capital A Climbs To RM1.1bil Net Profit In 2Q

Capital A Berhad’s (Capital A) core business operations generated RM1 billion in operating cash flow for the quarter ended 30 June 2023 (2Q2023). All four...

Hong Leong’s PATAMI Rises 13.8% YoY To RM2,791m For FY2023, Declares Total Dividend Of 49 Sen Per Share

Hong Leong Financial Group Berhad (HLFG) recorded a net profit attributable to shareholders (PATAMI) of RM2,791 million, an increase of 13.8% year-on-year (y-o-y) attributed...

Malaysia’s Official Reserve Assets At US$112.94 Bil As Of End-July 2023: BNM

Malaysia’s international reserve assets amounted to US$112.94 billion as at end-July 2023, while other foreign currency assets stood at US$1.7 million, said Bank Negara...

UBB IB Partners With PPZ-MAIWP To Deliver Shariah-Compliant Services, Facilitate Tithe Contributions

UBB Investment Bank Limited (UBB IB) forged a strategic partnership with the Federal Territories Islamic Religious Council Zakat Collection Centre (PPZ-MAIWP) to offer comprehensive...

Travellers Can Enjoy Seamless Payment Via Alipay+, Paynet In Malaysia

More Asian travellers to Malaysia will enjoy a seamless digital payment experience at over 1.8 million merchants across the country while Malaysian residents will...

Farm Fresh 1Q 2023 PBT Reduced 58% To RM5.9 Million Albeit Hitting RM185.5 Million Revenue

Farm Fresh Berhad (Farm Fresh) reported a reduced profit before tax (PBT) and profit after tax and minority interest (PATAMI) by 58% to RM5.9...

DOSM: Malaysia’s Economic Performance Lessened Amid Decreased Global Growth Projection

The Department of Statistics, Malaysia (DOSM) released the Malaysian Economic Statistics Review (MESR) Vol. 8/2023 which focuses on the recent statistics released in June...

Maybank’s 1H FY23 Net Profit Rises 26% To RM4.60b, Declares First Interim Cash Dividend Of 29 Sen Per Share

Maybank’s net profit hits a strong 26.0% Y-o-Y of RM4.60 billion in the first half of the year (1H FY23) compared with the same...

Manufacturing Resulted In Lower Capacity Utilisation Of 78.2% For 2Q 2023, Six States Surpassing National Rate: DOSM

The capacity utilisation of Manufacturing industry was 78.2 per cent in the second quarter of 2023, lessen by 0.8 percentage points as compared to...

Measures to prevent cross-border open burning and haze: NRECC

The country is currently facing the Southwest Monsoon which began on 15 May 2023 and is expected to continue until September 2023. Typically, during...

Prime Minister To Deliver National Day Perdana Address At 2pm Today

Prime Minister Datuk Seri Anwar Ibrahim will deliver his National Day Perdana address at the Plenary Hall, Putrajaya International Convention Centre, at 2pm today. The...

IMF Says US$650 Billion Reserve Boost Helped Global Economy, Cautions On Coming Allocations

The International Monetary Fund on Tuesday said its August 2021 allocation of US$650 billion (about RM3 trillion) in Special Drawing Rights helped countries cope...

China’s Country Garden Issues US$34 Mln New Shares To Repay Some Debt

China’s Country Garden Holdings (HK:2007) said on Wednesday that it will issue about $34 million in new shares to repay part of its obligations...

China, In Response To U.S.’s Raimondo, Says It Is Easing Market Access For Foreign Firms

China's embassy in Washington on Tuesday defended its business practices after U.S. Commerce Secretary Gina Raimondo said U.S. firms had told her that China...

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