Latest

13h ago

Corporate News
SDP records all-time high 9M revenue, profit

Sime Darby Property Bhd (SDP) recorded its strongest nine-month performance to date for the period ended Sept 30, 2024 (9M24), driven by strong sales momentum across a diverse product mix.
13h ago

Corporate News
MyEG reports higher earnings in third quarter

MyEG Services Bhd expects to continue introducing innovative services by leveraging on new technologies, specifically blockchain or Web 3.0 in Malaysia as well as globally, to drive organic growth in its current financial year.
13h ago

Corporate News
Reservoir Link wins PETRONAS contractor job

Reservoir Link Energy Bhd’s wholly-owned subsidiary, Reservoir Link Sdn Bhd, has been appointed by Petroliam Nasional Bhd (PETRONAS) as its panel contractor for the provision of integrated well continuity services for intervention, workover and abandonment.
13h ago

Corporate News
Hap Seng Plantations’ 3Q profit up 46.5%

Hap Seng Plantations Holdings Bhd will focus on enhancing operational efficiency to offset rising production costs while maintaining good plantation practices to boost fresh fruit bunch (FFB) yield and extraction rates.
13h ago

Corporate News
Johor Corp in tie-up with Tianma Precision

Johor Corp (JCorp) will be investing in a bearing manufacturing facility with Zhejiang Tianma Bearing Group Co Ltd’s (TMB) subsidiary, Tianma Precision Sdn Bhd, in the Tanjung Langsat Industrial Complex in Johor in a deal worth RM440mil.
1d ago

Corporate News
JCorp ties up with Tianma Precision to invest in a RM440mil manufacturing facility in Johor

PETALING JAYA: Johor Corp (JCorp) will be investing in a bearing manufacturing facility with Zhejiang Tianma Bearing Group Co Ltd’s (TMB) subsidiary, Tianma Precision Sdn Bhd, in the Tanjung Langsat Industrial Complex in Johor in a deal worth RM440mil.
1d ago

Corporate News
MyEG reports higher 3Q earnings

PETALING JAYA: MY E.G. Services Bhd (MyEG) expects to continue introducing innovative services by leveraging on new technologies, specifically blockchain or Web 3.0 in Malaysia as well as globally, to drive its organic growth in its current financial year.
1d ago

Corporate News
Perdana Petroleum posts stronger net profit, revenue on higher vessel utilisation

KUALA LUMPUR: Perdana Petroleum Bhd’s net profit surged 232 per cent to RM75.80 million in the third quarter ended Sept 30, 2024, from RM22.76 million in the same period a year earlier.
1d ago

Corporate News
Zelan CEO Mohd Ariff Abd Samat resigns after three months

KUALA LUMPUR: Zelan Bhd announced that its chief executive officer (CEO), Mohd Ariff Abd Samat, has resigned just months after his appointment to pursue other career opportunities.
1d ago

Corporate News
SD Guthrie expects a satisfactory performance for FY24

PETALING JAYA: SD Guthrie Bhd, formerly known as Sime Darby Plantation Bhd, forecasts crude palm oil (CPO) prices will be sustained at current levels.
1d ago

Forex
Ringgit appreciates against US dollar

KUALA LUMPUR: The ringgit continued to be well supported and sustained its upward momentum, gaining 0.12 per cent against the US dollar at the close on Wednesday on continued demand, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.
1d ago

Aviation
Capital A subsidiary signs two-year aircraft lease agreement with AirAsia X

KUALA LUMPUR: Capital A Bhd’s indirect wholly-owned subsidiary, Asia Aviation Capital Limited (AACL), has entered into a lease renewal and amendment agreement with AirAsia X Bhd (AAX).
1d ago

Corporate News
Sime Darby Property records all-time high 9M revenue and profit

PETALING JAYA: Sime Darby Property Bhd (SDP) recorded its strongest nine-month performance to date for the period ended Sept 30, 2024 (9MFY24), driven by strong sales momentum across a diverse product mix.
1d ago

Corporate News
Sapura Energy bags contract from PETRONAS Carigali

PETALING JAYA: Sapura Energy Bhd has been awarded a contract from PETRONAS Carigali Sdn Bhd for the provision of Pan Malaysia offshore maintenance, construction, modification and hook-up and commissioning services.
1d ago

Corporate News
Sports Toto reports lower 1Q profit, declares 2 sen interim dividend

KUALA LUMPUR: Sports Toto Bhd, which reported a 31.3% decline in net profit for the first quarter ended Sept 30 (1Q25), remains cautiously optimistic that its business will remain stable.
1d ago

Banking
FMC continues monitoring domestic financial market conditions amidst key global developments

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC) continues to monitor the domestic financial market conditions amidst key global developments, namely the outcome of the recent US election and concerns surrounding China’s economic growth prospects.
1d ago

Corporate News
Hap Seng Plantations’ 3Q profit up 46.5%, eyes efficiency amid rising costs

KUALA LUMPUR: Hap Seng Plantations Holdings Bhd will focus on enhancing operational efficiency to offset rising production costs while maintaining good plantation practices to boost fresh fruit bunches [FFB] yield and extraction rates.
1d ago

Markets
FBM KLCI slips below 1,600 amid weak market sentiment

KUALA LUMPUR: The FBM KLCI extended its decline on Wednesday, breaching the 1,600 psychological support level amid weakness in the broader market.
1d ago

Markets
Pappajack shares to transfer to Main Market on Nov 22

KUALA LUMPUR: Pawnshop operator Pappajack Bhd will be transferred from the ACE Market to the Main Market of Bursa Malaysia at 9 a.m. on Nov 22, 2024.
1d ago

Auto
BMW Group Malaysia to discuss with govt entities and local partners on EV assembly

KUALA LUMPUR: BMW Group Malaysia is currently engaging with the government and local partners on its plan to locally assemble its electric vehicle (EV) units, aligning with the tax exemption for EV owners until the end of 2025.