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Online Scams Can Derail Malaysia’s Reputation As Safe Business Jurisdiction

By Mikhail Raj Abdullah and Durratul Ain Ahmad Fuad

KUALA LUMPUR, Jan 7 (Bernama) -- It is indeed alarming that Malaysians lose RM54 billion to scams in a year, which is about three per cent of the country's Gross Domestic Product.

Avenacy Reports Strong 2024 Performance, Outlines 2025 Strategic Priorities

KUALA LUMPUR, Jan 7 (Bernama) -- Avenacy, a specialty pharmaceutical company focused on supplying critical injectable medications, has provided an update on recent business highlights and financial performance for 2024 and outlined its strategic priorities for this year.

Negeri Sembilan Records Revenue Collection Of RM636 Mln For 2024

SEREMBAN, Jan 7 (Bernama) -- The Negeri Sembilan government recorded a revenue collection of RM636 million, which is 122.31 per cent of the target set at RM520 million for the year ended Dec 31, 2024, said Menteri Besar Datuk Seri Aminuddin Harun.

Red Sea Issues, US-China Trade Diversions To Continue Influencing Seaport, Logistics Sectors

KUALA LUMPUR, Jan 7 (Bernama) -- Kenanga Investment Bank Bhd has maintained its “neutral” stance on the seaport and logistics sector as the shipping diversion from the Red Sea continues to weigh down on global trade.

Data Sharing Bill 2024 To Strengthen Govt Collaboration, Enhance Data Governance

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Jan 6 (Bernama) -- The Data Sharing Bill 2024 is critical as it would enable federal government agencies to share data and strengthen the governance structure within the data-sharing ecosystem.

PERNAS Has Channeled RM461 Mln To 2,283 Franchise Entrepreneurs Since 2014 - Ewon

KOTA KINABALU, Jan 5 (Bernama) -- Perbadanan Nasional Bhd (PERNAS), an agency under the Entrepreneur and Cooperatives Development Ministry (KUSKOP), has disbursed RM461 million in financing to 2,283 franchise entrepreneurs nationwide since 2014.

AmBank Grants RM498.6 Mln Financing To ProTT

KUALA LUMPUR, Jan 3 (Bernama) -- AmBank Group has provided a financing facility of RM498.6 million to Projek Tetap Teguh Sdn Bhd (ProTT) for the development of its automated storage and retrieval system (ASRS) warehouse in Valdor, Penang.

Taiwan's Linco Technology Acquires Senai Airport City Land

KUALA LUMPUR, Jan 2 (Bernama) -- Senai Airport City Sdn Bhd and Lincotec Technology (Malaysia) Sdn Bhd, a wholly owned subsidiary of Taiwan’s Linco Technology Co. Ltd, have entered into a sale and purchase agreement for Lincotec to acquire 4.02 hectares (9.93 acres) of industrial land.

Malaysia's Economic Momentum To Continue Into 2025, GDP To Grow 6 Pct

By Nurul Jannah Kamaruddin and Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Jan 1 (Bernama) -- Building on its strong economic performance in 2024, Malaysia is poised to maintain its growth momentum into 2025, with the gross domestic product (GDP) projected to expand by up to 6.0 per cent, said an economist.

Private Non-financial Sector Credit Growth Up 5.2 Pct In November

KUALA LUMPUR, Dec 31 (Bernama) -- Credit to the private non-financial sector grew by 5.2 per cent in November versus 5.1 per cent in October 2024, driven mainly by higher growth in corporate bonds (3.8 per cent; October 2024: 2.6 per cent), according to Bank Negara Malaysia (BNM).

Penang Records RM22.6 Bln Approved Investments Up To 3Q 2024

GEORGE TOWN, Dec 31 (Bernama) -- Penang has attracted an impressive investment inflow in the industrial sector this year, with approved investments up to the third quarter (3Q) hitting RM22.6 billion.

Short-Term Rates End Steady On BNM Operations

KUALA LUMPUR, Dec 31 (Bernama) -- Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.