AICB Recognises Over 700 Banking Professionals, Strengthens Regional Banking Talent Pipeline

KUALA LUMPUR, May 23 (Bernama) -- The Asian Institute of Chartered Bankers (AICB) has reaffirmed its commitment to strengthening the banking talent pipeline in Malaysia and across the region, with over 700 banking professionals recognised at its 9th Chartered Banker Conferment Ceremony.

Ringgit Set To Trade Between 3.95 And 3.97 Against US Dollar Next Week

By Harizah Hanim Mohamed

KUALA LUMPUR, May 23 (Bernama) -- The ringgit is expected to trade within a narrow range of between RM3.95 and RM3.97 next week against the US dollar amid a shortened trading week.

Ann Joo's Unit Has New Potential Buyer After Deal With Southern Steel Falls Through

KUALA LUMPUR, May 22 (Bernama) -- Ann Joo Resources Bhd (Ann Joo) has proposed to dispose of its 100 per cent equity interest in Ann Joo Steel Bhd (AJSB) to Singapore-based Green Esteel Pte Ltd following the mutual termination of a heads of agreement to sell the stake to Southern Steel Bhd today.

MIDA, Daikin And SHRDC Collaborate To Strengthen Local Supplier Capabilities

KUALA LUMPUR, May 22 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has collaborated with Daikin Malaysia Sdn Bhd and the Selangor Human Resource Development Centre (SHRDC) to organise the MIDA-Daikin Supply Chain Programme.

Sarawak Consolidated Industries Completes RM113 Mln Subsidiary Disposal

KUALA LUMPUR, May 22 (Bernama) -- Sarawak Consolidated Industries Bhd (SCIB) has completed the disposal of its subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) for RM113 million.

Bank Islam Offers Integrated Banking Solutions For Malaysian Haj Pilgrims

KUALA LUMPUR, May 12 (Bernama) -- Bank Islam Malaysia Bhd is offering integrated and comprehensive haj banking solutions to help Malaysian pilgrims manage their financial affairs seamlessly, from pre-departure preparations to the performance of haj rituals in Makkah and Madinah.

Hektar REIT Proposes RM125 Mln Deal To Acquire, Lease International School

KUALA LUMPUR, May 22 (Bernama) -- Hektar Real Estate Investment Trust (Hektar REIT) has proposed to acquire the leasehold interest in 2.43 hectares in Setapak, Kuala Lumpur, together with a private school known as KYS KL East International School (KYSKLEIS) on it, for a purchase consideration of RM125 million.

Johor Super Lane Speeds Up Projects, Supports Investment Target Of RM140 Bln

JOHOR BAHRU, May 22 (Bernama) -- The Johor Super Lane (JSL) initiative, a fast-track mechanism that has cut the operational timeline for industrial projects to just 11 months, is expected to be a key driver in helping the state achieve its RM140 billion investment target this year.

ADB Visit Underscores Labuan’s Role As O&G, Financial Services Gateway

By Jailani Hasan

LABUAN, May 22 (Bernama) -- The Asian Development Bank’s (ADB) official visit to Labuan has renewed attention on the duty-free island’s strategic economic position as an offshore oil and gas support base, international financial centre and maritime gateway.

HDC Appoints Mohd Afandi Salleh As Chairman, Effective Immediately

KUALA LUMPUR, May 22 (Bernama) -- Halal Development Corporation Bhd (HDC), an agency under the Ministry of Investment, Trade and Industry (MITI), has appointed Prof Dr Mohd Afandi Salleh as its chairman, effective immediately.

ADE Secures US$100 Mln Financing From QNB Group To Accelerate Expansion, Strengthen Regional Position

KUALA LUMPUR, May 22 (Bernama) -- Asia Digital Engineering (ADE), the maintenance, repair and overhaul (MRO) subsidiary of Capital A Bhd, has secured a US$100 million (US$1=RM3.95) financing facility from QNB Group, a financial institution in the Middle East and Africa.

Ringgit Opens Higher Against Greenback, Major Currencies

KUALA LUMPUR, May 22 (Bernama) -- The ringgit opened firmer against the US dollar and major currencies on Friday, supported by easing geopolitical tensions in West Asia and Malaysia’s improving macroeconomic outlook.