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Bin Zayed International Commits US$2 Bln Investment In Malaysia Over Next Five Years

KUALA LUMPUR, Nov 22 (Bernama) -- Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (US$1=RM4.466) in Malaysia over the next five years. 

MATRADE, Vietrade To Strengthen Bilateral Trade Promotion

KUALA LUMPUR, Nov 22 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) and the Vietnam Trade Promotion Agency (VIETRADE) have taken a significant step in collaborating strategically to create new business opportunities, enhance economic resilience, and drive bilateral trade growth.

Hap Seng 3Q 2024 Net Profit Soars Nearly Fourfold To RM193.11 Mln

KUALA LUMPUR, Nov 21 (Bernama) -- Hap Seng Consolidated Bhd's (HSCB) net profit for the third quarter ended Sept 30, 2024 (3Q 2024) soared nearly fourfold to RM193.11 million, up from RM50.30 million in the same period last year.

Sime Darby Property Aims For Balanced Sales Contribution From Industrial, Residential Segments

KUALA LUMPUR, Nov 21 (Bernama) -- Sime Darby Property Bhd (SDP) aims to achieve a more balanced sales contribution between its industrial and residential high-rise segments, said group managing director Datuk Seri Azmir Merican.

China's Strong Industry-driven Ecosystem Draws Malaysian Businesses Seeking Expansion

By Anas Abu Hassan

KUALA LUMPUR, Nov 21 (Bernama) -- A strong industry-driven ecosystem in China is one of the key factors attracting Malaysian businesses to enter the Chinese market as part of their expansion strategy.

Three Construction Players Win Best Project Awards At MCIEA 2024

KUALA LUMPUR, Nov 21 (Bernama) -- Three reputable construction players, namely MMC-Gamuda KVMRT Sdn Bhd, IJM Construction Sdn Bhd and Sunway Construction Group Bhd, have won the Best Project awards at the Malaysian Construction Industry Excellence Awards (MCIEA) 2024 recently.

WCT Bags International Achievement Award At MCIEA 2024

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 21 (Bernama) -- WCT Bhd, the engineering and construction division of WCT Holdings Bhd (WCT), has bagged the International Achievement Award at the Malaysian Construction Industry Excellence Awards (MCIEA) 2024 for its outstanding completion of the Lusail Development Project in Doha, Qatar.

Petronas Chemicals Records Loss Of RM789 Mln In 3Q On Unrealised Forex Loss

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) recorded a net loss of RM789 million in the third quarter compared to a net profit of RM424 million in the same period last year, dragged down by unrealised forex losses of RM1.1 billion.

BMW Group Malaysia To Discuss With Govt Entities And Local Partners On EV Assembly

KUALA LUMPUR, Nov 20 (Bernama) -- 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.

AM Best Joins 14th ASEAN Insurance Congress On Nov 25

KUALA LUMPUR, Nov 20 (Bernama) -- Global credit rating agency, AM Best will participate in the 14th annual Association of Southeast Asian Nations (ASEAN) Insurance Congress, scheduled for Nov 25, in Jerudong, Brunei Darussalam.

MATRADE, EXIM Bank Ink MoU To Boost Trade Promotion

From Zarul Effendi Razali

DUBAI, Nov 20 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) and Export-Import Bank of Malaysia Bhd (EXIM Bank) have signed a memorandum of understanding (MoU) aimed at strengthening trade promotion collaboration on the basis of equality and mutual benefit.

E&O Launches RM60 Bln Masterplan For Andaman Island Development Project

GEORGE TOWN, Nov 20 (Bernama) -- Malaysian property developer, Eastern & Oriental Bhd (E&O) has unveiled its masterplan for its Andaman Island development project, with a gross development value (GDV) of RM60 billion.