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Malaysia Needs More Than Policies For Green Port Transformation -- Port Klang Authority

KUALA LUMPUR, Nov 29 (Bernama) -- The greening of Malaysia’s port sector needs more than policies for green port and sustainable practice transformation, said Port Klang Authority (PKA) general manager Captain Subramaniam Karuppiah.

Stronger Turnaround For Capital A In 4Q 2024 Expected -- Research Houses

KUALA LUMPUR, Nov 29 (Bernama) -- Research houses are anticipating a strong turnaround for Capital A Bhd in the fourth quarter of 2024 (4Q 2024), given the seasonally stronger demand and yields, lower jet fuel price and a weakened US dollar. 

Wasco Records Net Profit Of RM25.02 Mln In 3q

KUALA LUMPUR, Nov 28 (Bernama) -- Wasco Bhd recorded a net profit of RM25.02 million in the third quarter ended Sept 30, 2024 (3Q 2024) compared with RM27.41 million posted in the same quarter last year.

TNB Net Profit Almost Doubles To RM1.58 Bln In 3Q Amid Higher Electricity Sales

KUALA LUMPUR, Nov 28 (Bernama) -- Tenaga Nasional Bhd’s (TNB) net profit almost doubled to RM1.58 billion in the third quarter ended Sept 30, 2024 (3Q 2024) from RM856.20 million in the same quarter last year, thanks to gains in foreign exchange translation, higher electricity sales and improved operational performance.

BMW Launches Phase 2 Of Regional Parts And Distribution Center In Senai

KUALA LUMPUR, Nov 28 (Bernama) -- BMW Group Malaysia has launched Phase 2 of its regional parts and distribution centre, significantly expanding the cutting-edge facility located at the Free Industrial Zone in Senai International Airport.

PPB Group 3Q Net Profit Falls To RM208.12 Mln

KUALA LUMPUR, Nov 28 (Bernama) -- PPB Group Bhd’s net profit fell to RM208.12 million in the third quarter ended Sept 30, 2024 (3Q 2024), from RM372.56 million posted in the same quarter last year.

Ananda Krishnan Leaves Behind Indelible Mark In Corporate Malaysia

KUALA LUMPUR, Nov 28 (Bernama) – Ananda Krishnan, who died today aged 86, leaves an indelible mark in corporate Malaysia having founded several top-notch companies and emerging as among Malaysia’s richest men.

AFA Eyes Annual Growth Of 2-3 Pct Driven By Strategic Infrastructure Projects

KUALA LUMPUR, Nov 28 (Bernama) -- AFA Infrastructure and Development Sdn Bhd (AFA) is targeting annual revenue growth of two to three per cent, driven by strategic infrastructure projects and a consolidated operational structure aimed at enhancing Malaysia’s transportation network.

Welspun One Invests US$325 Mln To Develop India's Largest Logistics Facility

KUALA LUMPUR, Nov 28 (Bernama) -- Welspun One, India’s fastest-growing new-age logistics and industrial real estate manager, is investing US$325 million in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. (US$1=RM4.43)

Hong Leong Bank Posts Higher 1Q Net Profit Of RM1.09 Bln

KUALA LUMPUR, Nov 28 (Bernama) -- Hong Leong Bank Bhd’s net profit rose 5.8 per cent to RM1.09 billion in the first quarter ended Sept 30, 2024 (1Q FY2025) from RM1.03 billion in the same period last year.

Yinson Renewables Secures US$59 Mln Financing For Matarani Solar Project

KUALA LUMPUR, Nov 28 (Bernama) -- Yinson Holdings Bhd’s renewables business unit, Yinson Renewables (YR), has secured a US$59 million (US$1=RM4.4325) senior secured green financing facility for the Matarani solar project in Peru from IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB).

Axiata Returns To Black With RM976.67 Mln Net Profit In 3Q

KUALA LUMPUR, Nov 28 (Bernama) -- Axiata Group Bhd’s net profit for the third quarter ended Sept 30, 2024 (3Q 2024) made a significant turnaround, reaching RM976.67 million from a net loss of RM797.41 million in the same quarter a year ago.