AM Best Affirms Himalayan Reinsurance Credit Ratings With Stable Outlook

KUALA LUMPUR, Feb 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Nepal’s Himalayan Reinsurance Limited (Himalayan Re), maintaining a stable outlook.

Omesti's Associate Unit Secures e-Courts Phase 3 Project Worth RM70.54 Mln

KUALA LUMPUR, Feb 20 (Bernama) -- Omesti Bhd’s associate unit Formis Network Services Sdn Bhd has secured the e-Courts Phase 3 Project contract award from the Prime Minister’s Department’s Legal Affairs Division worth RM70.54 million.

Southern Cable Secures Contracts Worth RM403.6 Mln From TNB

KUALA LUMPUR, Feb 19 (Bernama) -- Southern Cable Group Bhd's unit Southern Cable Sdn Bhd has secured contracts totalling RM403.6 million from Tenaga Nasional Bhd (TNB) to supply underground cables and conductors for one year from February 2025. 

MYEG Reports Higher FY2024 Net Profit Of RM697.55 Mln

KUALA LUMPUR, Feb 18 (Bernama) -- My E.G. Services Bhd (MYEG) posted a higher net profit of RM697.55 million for the financial year ended Dec 31, 2024 (FY2024), compared to the RM487.65 million achieved in the preceding year.

Perak Corp Signs Supplemental Agreement To Amend JDA With Urbax

KUALA LUMPUR, Feb 14 (Bernama) -- Perak Corporation Bhd (Perak Corp) has signed a Supplemental Agreement with Urbax Properties Sdn Bhd to amend the terms of their Joint Development Agreement (JDA) dated June 7, 2024.

Dialog Halts Malic Acid Project In Pahang, Writes Off RM90.7 Mln in 2Q FY2025

KUALA LUMPUR, Feb 13 (Bernama) -- Dialog Group Bhd’s wholly owned subsidiary Dialog Malic Acid Sdn Bhd has discontinued its malic acid project in Gebeng, Pahang, with total capital expenditure incurred to date of RM90.7 million been written off in the second quarter ended Dec 31, 2024 (2Q FY2025).

Special Dividend Likely, Given MPI's Strong Net Cash Position - CIMB Securities

KUALA LUMPUR, Feb 13 (Bernama) -- CIMB Securities Sdn Bhd forecasts the Malaysian Pacific Industries Bhd (MPI) to issue a potential special dividend, given its strong net cash position of RM991 million as of September 2024.

Binastra Bags RM250.37 Mln Data Centre Construction Project

KUALA LUMPUR, Feb 12 (Bernama) -- Binastra Corp Bhd’s (Binastra) wholly-owned subsidiary Binastra Builders Sdn Bhd has bagged a RM250.37 million data centre construction project in Cyberjaya, Selangor from MYT DC3 Sdn Bhd.

Keyfield International Secures RM56 Mln Work Orders From Petronas Carigali

KUALA LUMPUR, Feb 10 (Bernama) -- Keyfield International Bhd’s wholly owned subsidiary, Keyfield Offshore Sdn Bhd, has accepted a work order award (WOA) in December 2024 and a work order extension (WOE) in November 2024, issued by Petronas Carigali Sdn Bhd.

Northern Solar Targets 20 Pct Revenue Growth In FY2025

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 6 (Bernama) -- Northern Solar Holdings Bhd is targeting a 20 per cent rise in revenue growth for the financial year ending March 31 2025 (FY2025) versus RM77.97 million a year ago.

Malaysia Co-Operative Societies Commission Announces 3.6 Pct Dividend For 2024

KUALA LUMPUR, Feb 4 (Bernama) – The Malaysia Co-operative Societies Commission (SKM) today announced 3.60 per cent dividend for the Cooperative Deposit Account (ADK) for the financial year ending Dec 31, 2024.

Salcon Partners TNB For 7MW Solar Energy Project In Perak

KUALA LUMPUR, Feb 3 (Bernama) -- Salcon Bhd’s indirect unit Mentari Kamuning Sdn Bhd (MKSB) has signed a new enhanced dispatch agreement (NEDA) connection agreement with Tenaga Nasional Bhd (TNB).