1y ago
KUALA LUMPUR, Jan 13 (Bernama) -- Abu Dhabi Investment Authority (ADIA), one of the world's largest wealth funds with assets exceeding US$1 trillion, has expressed a keen interest in investment opportunities in Malaysia, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
1y ago
KUALA LUMPUR, Jan 9 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) has projected that air travel recovery will remain intact and demand will be robust in 2025, with an estimation of tourist arrivals of 31 million into Malaysia this year, up 15 per cent from an estimated 27 million last year.
1y ago
KUALA LUMPUR, Jan 8 (Bernama) -- Gateway Development Alliance Sdn Bhd (GDA) and its shareholders (the Consortium) have received valid offer acceptances of 1.40 billion shares, representing 84.1 per cent of the total number of issued shares in Malaysia Airports Holdings Bhd (MAHB).
1y ago
KUALA LUMPUR, Jan 8 (Bernama) -- The Malaysian economy is expected to maintain a sustainable growth rate of 5.0 per cent in 2025 from an estimated 4.9 per cent in 2024, supported by a stable labour market condition, conducive fiscal and monetary policies amid lingering external uncertainties, said an economist.
1y ago
KUALA LUMPUR, Jan 7 (Bernama) -- The Johor-Singapore Special Economic Zone (JS-SEZ) exemplifies Malaysia’s commitment to regional integration, particularly as the country assumes the ASEAN Chairmanship this year, said Transport Minister Anthony Loke.
1y ago
KUALA LUMPUR, Jan 6 (Bernama) -- The takeover of the remaining shares by joint offerers for Malaysia Airports Holdings Bhd (MAHB) shares on behalf of Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd and Gip Aurea Pte Ltd has reached 75.73 per cent.
1y ago
KUALA LUMPUR, Jan 2 (Bernama) -- Malaysia’s aviation sector has been seeing sustained recovery and growth, with air passenger traffic reaching 8.0 million passengers in November 2024, marking a robust 15.8 per cent year-on-year (y-o-y) increase compared to November 2023.
1y ago
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.
1y ago
KUALA LUMPUR, Dec 21 (Bernama) -- Gateway Development Alliance Sdn Bhd (GDA), the consortium proposing to privatise Malaysia Airports Holdings Bhd (MAHB), remains steadfast on its RM11 per share offer price, despite recommendations from independent directors to reject it.
1y ago
KUALA LUMPUR, Dec 20 (Bernama) -- The tentative date for the merger of the Civil Aviation Authority of Malaysia (CAAM) and the Malaysian Aviation Commission (Mavcom) has been set and will be revealed later by the Transport Ministry.
1y ago
KUALA LUMPUR, Dec 20 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) has recommended Malaysia Airports Holdings Bhd’s (MAHB) shareholders to accept the offer made by the joint offerors to acquire the remaining ordinary shares in MAHB not already owned by them at a cash offer price of RM11 per offer share.
1y ago
KUALA LUMPUR, Dec 18 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) reported a total of 11.2 million passenger movements across its airport network in November 2024, reflecting a robust 16.1 per cent growth compared to November 2023 and reaching 96.7 per cent of pre-pandemic levels.