Economic

Scanwolf Unit Secures RM21 Mln Works Contract In Selangor

KUALA LUMPUR, June 12 (Bernama) -- Scanwolf Corporation Bhd, a producer of plastic edging and flooring, has received a letter of award (LOA) from Sg Besi Construction Sdn Bhd for a contract valued at RM21 million through its wholly-owned subsidiary, Scanwolf Trading and Construction Sdn Bhd.

TMK Chemical Proposes RM920 Mln Acquisition Of CCM From Batu Kawan

KUALA LUMPUR, June 12 (Bernama) -- TMK Chemical Bhd has proposed to acquire 100 per cent equity interest in Chemical Company of Malaysia Bhd (CCM), excluding certain assets, from Batu Kawan Bhd (BKB) for an indicative purchase consideration of RM920 million on a cash-free, debt-free basis.

Malaysia's Distributive Trade Growth Set To Hit 6.1 Pct In 2026, Says Kenanga IB

KUALA LUMPUR, June 12 (Bernama) -- Malaysia’s distributive trade growth is expected to hit 6.1 per cent in 2026, compared with 5.6 per cent in 2025, following stronger-than-expected performance this year driven by wholesale stockpiling, higher petroleum-related prices and a recovery in motor vehicle sales.

PM Anwar Calls For More Companies To Leverage 5G, Strengthen The Digital Economy

KUALA LUMPUR, June 12 (Bernama) -- More companies need to leverage 5G technology to boost productivity, innovation and competitiveness in an effort to strengthen the country’s digital economy, said Prime Minister Datuk Seri Anwar Ibrahim.

RHB IB Raises Malaysia's 2026 IPI Growth Forecast To 4.9 Pct

KUALA LUMPUR, June 12 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has revised Malaysia’s 2026 Industrial Production Index (IPI) growth forecast upward to 4.9 per cent from 4.1 per cent.

MAG President And Group CEO Capt Nasaruddin Appointed To IATA Governing Board For 3-year Term

KUALA LUMPUR, June 12 (Bernama) -- Malaysia Aviation Group (MAG) president and group chief executive officer Captain Nasaruddin A. Bakar has been appointed to the board of governors of the International Air Transport Association (IATA) during its 82nd annual general meeting in Rio de Janeiro, Brazil.

Selangor Strengthens Sustainability Agenda Through RM2 Bln WTE Investment

KUALA SELANGOR, June 12 (Bernama) --  The Selangor government, through its subsidiary Worldwide Holdings Bhd (Worldwide), has invested approximately RM2 billion to develop three waste-to-energy (WTE) plants as part of a long-term plan to improve sustainable solid waste management in the state.

Bursa Malaysia Issues UMA Query To Paragon Union After Share Price Falls

KUALA LUMPUR, June 12 (Bernama) -- Bursa Malaysia Securities Bhd has issued an Unusual Market Activity (UMA) query to Paragon Union Bhd following a sharp fall in the company's share price today. 

Pyxis Group, Principia Consulting Partner CommodityAI To Modernise Commodity Operations

KUALA LUMPUR, June 12 (Bernama) -- Pyxis Group, a global advisory firm, together with its joint venture partner Principia Consulting, announced a strategic partnership with CommodityAI, the agentic artificial intelligence (AI) platform purpose-built for physical commodity operations.

Singapore Launches Standards And Conformance 2035 Roadmap To Boost Global Competitiveness

By Anas Abu Hassan

SINGAPORE, June 12 (Bernama) -- Singapore has unveiled the Standards and Conformance (S&C) 2035 roadmap to guide businesses in competing and growing in an increasingly complex global environment.

SOLUM Showcases Smart Retail Solutions, Partnerships In Southeast Asia

KUALA LUMPUR, June 12 (Bernama) -- SOLUM has held its "Singapore Private Show", showcasing smart retail solutions and partnership models tailored to the Southeast Asian market as it seeks to expand its regional presence.

NetBox Labs Launches Infrastructure Intelligence Platform

KUALA LUMPUR, June 12 (Bernama) -- NetBox Labs has launched its infrastructure intelligence platform, a unified system designed to help technology infrastructure teams model, monitor, automate and govern infrastructure operations using artificial intelligence (AI)-enabled tools.