EPF: External Fund Managers Contribute 24 Pct To 2024 Income

KUALA LUMPUR, May 22 (Bernama) -- The Employees Provident Fund’s (EPF) panel of external fund managers contributed a record 24 per cent to the retirement fund’s total income in 2024.

Press Metal's 1Q Net Profit Rises 13.2 Pct To RM461.76 Mln

KUALA LUMPUR, May 22 (Bernama) -- Press Metal Aluminium Holdings Bhd’s net profit for the first quarter ended March 31, 2025 (1Q 2025), rose by 13.2 per cent to RM461.76 million from RM408.03 million in the same period last year, mainly due to higher metal prices and stronger profit contribution from associated companies.

Maistorage Technology Targets Bursa Malaysia Listing By 2028

PUTRAJAYA, May 22 (Bernama) -- Newly launched MaiStorage Technology Sdn Bhd is eyeing a listing on Bursa Malaysia by 2028.

PNB Pays Out RM14.5 Bln In Income And Bonus Distribution For FY2024

KUALA LUMPUR, May 19 (Bernama) -- Permodalan Nasional Bhd (PNB) paid out a total of RM14.5 billion in income and bonus distribution to unitholders for its 18 fixed price funds (FP) and variable price funds (VP) for the financial year ended Dec 31, 2024 (FY2024) against RM13.3 billion in the previous year.

MYEG 1Q 2025 Net Profit Rises To RM181.64 Mln

KUALA LUMPUR, May 20 (Bernama) -- MY E.G. Services Bhd (MYEG) recorded a higher net profit of RM181.64 million for the first quarter ended March 31, 2025 (1Q 2025) compared to RM155.95 million in the previous corresponding period.

Sunway Construction’s 1Q Net Profit Soars To RM75.71 Mln

KUALA LUMPUR, May 20 (Bernama) -- Sunway Construction Group Bhd’s (SunCon) net profit for the first quarter ended March 31, 2025 (1Q 2025) surged to RM75.71 million, up from RM32.40 million in the same period last year.

Johor Plantations Posts Higher Net Profit Of RM75.93 Mln In 1Q 2025

KUALA LUMPUR, May 19 (Bernama) -- Johor Plantations Group Bhd (JPG) posted a higher net profit of RM75.93 million in the first quarter (1Q) ended March 31, 2025, compared to RM49.97 million in the same period last year.

Bursa Malaysia Ends Lower In Line With Regional Markets

By Siti Radziah Hamzah

KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia ended lower on Monday, mirroring the lacklustre performance across Asia as weak Chinese economic data and the recent downgrade of the United States’ sovereign credit rating weighed on regional market sentiment.

Keyfield International Cautiously Optimistic For FY2025 Amid Macroeconomic Headwinds

By Siti Radziah Hamzah

KUALA LUMPUR, May 19 (Bernama) – Keyfield International Bhd, an offshore support vessel (OSV) provider, is adopting a cautiously optimistic outlook for the financial year ending December 31, 2025 (FY2025), despite a slower-than-usual start to the year and broader macroeconomic uncertainties.

Keyfield's 1Q 2025 Net Profit Drops To RM20.67 Mln On Lower Vessel Revenue

KUALA LUMPUR, May 15 (Bernama) -- Keyfield International Bhd posted a lower net profit of RM20.68 million for the first quarter ended March 31, 2025 (1Q 2025), compared with RM30.30 million in the same period last year.

US-China Tariff Development Positive For Malaysian Equity Market - CIMB Securities 

By Karina Imran

KUALA LUMPUR, May 13 (Bernama) -- The United States (US)-China agreement to temporarily reduce tariff is broadly positive for the local equity market, as it reduces the risk of a US and global recession and leads to higher net foreign inflows, said CIMB Securities Sdn Bhd. 

AM Best Affirms Vietnam National Reinsurance Corporation Credit Ratings 

KUALA LUMPUR, May 9 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb+” (Good), and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of Vietnam National Reinsurance Corporation (VINARE), with a stable outlook.