Multiply Group To Acquire Majority Stake In Tendam, Expanding Into European Retail And Apparel Sector

KUALA LUMPUR, Feb 26 (Bernama) -- Multiply Group PJSC, the Abu Dhabi-based investment holding company, has agreed to invest in Castellano Investments S.À R.L., securing a controlling 67.91 per cent stake in the company, which owns Tendam Brands S.A.U. and other subsidiaries.

Audit Shows Nine EPF Subsidiaries Suffer Losses For Third Consecutive Year

KUALA LUMPUR, Feb 24 (Bernama) -- Nine Employees Provident Fund (EPF) subsidiaries had suffered losses for three consecutive years since 2021, with total losses in 2023 amounting to RM224.21 million.

Federal Govt And Sarawak To Detail Petronas-Petros Scope Of Cooperation - PM Anwar

BANGI, Feb 22 (Bernama) -- The federal government will meet the Sarawak state government to detail the scope of cooperation between Petroleum Sarawak Bhd (Petros) and Petroliam Nasional Bhd (Petronas), said Prime Minister Datuk Seri Anwar Ibrahim.

Sunzen Group To Dispose Of Two Subsidiaries For RM17.3 Mln

KUALA LUMPUR, Feb 18 (Bernama) -- Sunzen Group Bhd has entered into a sale and purchase of shares agreement to dispose of its whole equity interests in two subsidiaries to Pure Nutritional Products Sdn Bhd for RM17.30 million.

Petronas-Petros Agreement Provides Certainty, Brings Confidence To Malaysia's Oil And Gas Sector

By NurulJannah Kamaruddin

KUALA LUMPUR, Feb 17 (Bernama) -- The agreement reached between Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) provides certainty that the country's oil and gas sector will remain sustainable while also boosting investor confidence in the industry’s competitiveness.

Federal Govt welcomes Sarawak's Aspiration To Spur Its oil Industry -- PM Anwar

KUALA LUMPUR, Feb 17 (Bernama) -- The Federal government and the Sarawak state government have accepted Sarawak’s oil industry aspirations as embodied under the Distribution of Gas Ordinance 2016 (Amendment) (DGO), said Prime Minister Datuk Seri Anwar Ibrahim today.

MNRB Appoints Former AmBank Group CEO Sulaiman As New Chairman

KUALA LUMPUR, Feb 14 (Bernama) -- MNRB Holdings Bhd (MNRB) has appointed former AmBank Group chief executive officer, Datuk Sulaiman Mohd Tahir as its new non-independent and non-executive chairman, effective today.

CPO Futures Extend Gains On Weaker Output Growth

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 10 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to extend its gains for four consecutive days driven by weaker-than-expected output growth, a dealer said.

KJTS Group Proposes To Acquire Malakoff Utilities For RM65.5 Mln

KUALA LUMPUR, Feb 3 (Bernama) -- KJTS Group Bhd has proposed to acquire Malakoff Utilities Sdn Bhd (MUSB), a subsidiary of Malakoff Corporation Bhd, for RM65.5 million in cash.

Awantec Sells Office Building For RM25 Mln In Asset Rationalisation

KUALA LUMPUR, Jan 31 (Bernama) -- Awanbiru Technology Bhd (Awantec)’s wholly owned subsidiary, Awantec Systems Sdn Bhd, has entered into eight separate sale and purchase agreements (SPAs) with Puncak Hartanah Intelek Sdn Bhd to dispose of an eight-storey office building for RM25 million.  

Bursa Malaysia Open Marginally Higher But Turns Lower Thereafter

KUALA LUMPUR, Jan 31 (Bernama) -- Bursa Malaysia opened marginally higher but turned lower thereafter, weighed by cautious sentiment despite Wall Street’s positive overnight performance, an analyst said.

FBM KLCI Futures End Mostly Higher

KUALA LUMPUR, Jan 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended mostly higher today.