Sabah's GDP Projected To Increase To RM84.9 Bln In 2024
KOTA KINABALU, April 30 (Bernama) -- Sabah's economy has shown positive growth, with a projected gross domestic product (GDP) of RM84.9 billion in 2024 compared to RM83.2 billion in 2023.
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Manufacturing Sector Powers Kelantan’s Economic Progress As ECERDC Spurs RM1.21 Bln In Investments
KUALA LUMPUR, April 29 (Bernama) -- Kelantan’s transformation into an emerging industrial hub continues to gain momentum as the East Coast Economic Region Development Council (ECERDC) secures RM1.21 billion in realised investments, driven primarily by the manufacturing sector.
Sabah's GDP Increases To RM83.2 Bln Last Year - Hajiji
KOTA KINABALU, April 29 (Bernama) -- Sabah's economy has shown positive growth as its gross domestic product (GDP) rose to RM83.2 billion last year from RM82.1 billion in 2023, said Chief Minister Datuk Seri Hajiji Noor.
ECERDC Facilitates RM1 Bln In Committed Investments In Terengganu As Of 1Q 2025
KUALA LUMPUR, April 28 (Bernama) -- The East Coast Economic Region Development Council (ECERDC) has facilitated RM1 billion in committed investments in Terengganu as of the first quarter of 2025 (1Q 2025).
ECRL Completion To Boost East Coast Development, Attract More Chinese Investments
BEIJING, April 28 (Bernama) -- The completion of the East Coast Rail Link (ECRL) project by the end of 2027 under the Belt and Road Initiative (BRI) is poised to unlock the development potential of Peninsular Malaysia’s east coast, home to the Kuantan Industrial Park, while attracting more Chinese investments.
FDI Drives 80 Pct Of Johor’s New Investment In April
PASIR GUDANG, April 24 (Bernama) -- Foreign direct investment (FDI) remained the primary source of new investment in Johor, accounting for about 80 per cent of the RM23 billion in proposed investments recorded in April.
Aerotrain Timeline Not Affected By Privatisation - MAHB Chairman
KUALA LUMPUR, April 24 (Bernama) -- The timeline for completion of the Aerotrain project at KL International Airport (KLIA) is completely unrelated to the recent privatisation of Malaysia Airports Holdings Bhd (MAHB), said its chairman Dr Nungsari Ahmad Radhi.
Ferrotec Opens Second High-Tech Plant In Kulim With RM1 Bln Investment
KUALA LUMPUR, April 23 (Bernama) -- Ferrotec Holdings Corporation, a global supplier of materials, components and precision system solutions, has launched its second high-tech manufacturing facility in Kulim, Kedah, with an investment of nearly RM1 billion (US$226 million).
Southern Steel To Sell 55 Pct Stake In Subsidiary To BRC Asia For RM61.05 Mln
KUALA LUMPUR, April 22 (Bernama) -- Southern Steel Bhd (SSB) has agreed to sell a 55 per cent stake in wholly owned subsidiary Southern Steel Mesh Sdn Bhd (SSM) to Singapore-based BRC Asia Ltd for RM61.05 million cash in a related party transaction.
Cahya Mata Shares Rise Following RM550 Mln State Contract For Kuching Convention Centre
KUALA LUMPUR, April 22 (Bernama) -- Cahya Mata Sarawak Bhd (CMSB) has experienced a notable increase in its share price following the announcement that its 51 per cent-owned subsidiary, CMS Land Sdn Bhd, secured a RM550 million contract from the Sarawak state government.
Paradigm REIT Signs Underwriting Deal For Main Market Listing
KUALA LUMPUR, April 22 (Bernama) -- Paradigm Real Estate Investment Trust (Paradigm REIT), a local real estate investment trust, has signed an underwriting agreement with three investment banks ahead of its proposed listing on the Main Market of Bursa Malaysia.
West Coast Expressway Gets Green Light To Accept RM1.15 Bln Loan Facility
KUALA LUMPUR, April 21 (Bernama) -- WCE Holdings Bhd’s 80 per cent-owned subsidiary West Coast Expressway Sdn Bhd (WCE) has received the Malaysian government’s approval to accept a term loan facility of up to RM1.15 billion from Bank Pembangunan Malaysia Bhd.