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Public Bank Sees Minimal Credit Exposure To US Tariff Risks

KUALA LUMPUR, May 8 (Bernama) -- Public Bank Bhd sees minimal credit exposure to potential United States (US) tariff risks, estimating that less than three per cent of its total loans may be affected with asset quality expected to remain stable.

Ingredion Boosts Forecast As Profit Climbs, Sales Slip

KUALA LUMPUR, May 7 (Bernama) -- Ingredion Incorporated reported a four per cent drop in first-quarter net sales from US$1.882 billion in 2024 to US$1.813 billion in 2025, weighed down by lower pricing, currency headwinds, and a prior divestiture. (US$1=RM4.21)

Bursa Malaysia Opens Higher But Retreats Thereafter

KUALA LUMPUR, May 5 (Bernama) -- Bursa Malaysia opened higher today but retreated thereafter, driven by mild profit-taking in selected heavyweights as Wall Street continued its uptrend, analysts said. 

MR D.I.Y. 's Net Profit Rises To RM174.15 Mln In 1Q

KUALA LUMPUR, May 5 (Bernama) -- MR D.I.Y. Group (M) Bhd’s net profit rose to RM174.15 million for the first quarter (1Q) ended March 31, 2025, from RM144.88 million in the same period last year.

Ace Market Debutant West River Aims Production Boost By Next Three Years

KUALA LUMPUR, May 5 (Bernama) -- West River Bhd, a provider of mechanical and electrical (M&E) engineering services, plans to boost its production capacity with a new facility expected to be completed within three years as part of its post-initial public offering (IPO) expansion strategy.

ECWI Up After Ending Agreement Limiting Its Role In Malaysian Property Sector

KUALA LUMPUR, May 2 (Bernama) -- Eco World International Bhd’s (ECWI) share price rose in the morning trading session after the company’s proposal to end a collaboration it entered into with Eco World Development Group Bhd (EcoWorld Malaysia) to explore property investment and development opportunities in Malaysia.

Public Mutual Declares Distributions Of Over RM96 Mln For Four Funds

KUALA LUMPUR, April 30 (Bernama) -- Public Mutual, a wholly owned subsidiary of Public Bank, has declared distributions totalling more than RM96 million for four funds for the financial year ended April 30, 2025.

TM's SEA-ME-WE6, Data Centre Expansion To Positively Contribute Long-term Growth -- RHB Investment Bank

KUALA LUMPUR, April 30 (Bernama) -- RHB Investment Bank Bhd (IB) expects the commissioning of Telekom Malaysia Bhd’s (TM) Southeast Asia - Middle East - Western Europe 6 (SEA-ME-WE6) undersea cable by mid-2026 and its data centre (DC) expansion will positively contribute to its long-term growth.

Tower’s Credit Ratings Affirmed By AM Best

KUALA LUMPUR, April 29 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of "a-" (Excellent) of New Zealand’s Tower Limited (Tower), with the outlook for both credit ratings (ratings) assessed as stable.

Perodua Set To Benefit From Malaysia's Automotive Market In 2025 - Kenanga IB

KUALA LUMPUR, April 28 (Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is expected to benefit the most from Malaysia’s automotive industry in 2025, driven by forward-buying interest due to the deferment of new excise duty regulations until the end of the year.

CIMB Expects Lower 1Q Net Profit For Bursa Malaysia

KUALA LUMPUR, April 24 (Bernama) -- Bursa Malaysia Bhd, which is scheduled to release its first quarter of 2025 (1Q 2025) financial results on April 28, is expected to record a decline in its net profit by 9.8 per cent to 20.4 per cent quarter-on-quarter (q-o-q) and 17.2 per cent to 26.9 per cent year-on-year (y-o-y) to RM55 million-RM62 million.