Bank Rakyat Declares 17 Pct Dividend For FY2024, Posts RM1.82 Bln Profit

KUALA LUMPUR, April 16 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has announced a dividend distribution of 17 per cent, amounting to RM486.32 million for the financial year ended Dec 31, 2024 (FY2024).

Sapura Energy Secures RM100 Mln Offshore Support Vessel Contracts In Malaysia, Thailand

KUALA LUMPUR, April 16 (Bernama) -- Sapura Energy Bhd’s (SEB) operations and maintenance (O&M) division has been awarded multiple offshore support vessel (OSV) contracts in Malaysia and Thailand, totalling close to RM100 million.

Keyfield Forecasts Stable DCR, Eyes OSV Market Upside Despite Global Challenges – Kenanga IB

KUALA LUMPUR, April 16 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects Keyfield International Bhd’s daily charter rate (DCR) in the local offshore support vessel (OSV) market to remain stable or slightly lower year-on-year, supported by tight supply and rising demand despite global macroeconomic challenges.

West River Launches IPO Prospectus, Aims To Raise RM27.9 Mln

KUALA LUMPUR, April 10 (Bernama) – West River Bhd, a provider of mechanical and electrical (M&E) engineering services, has launched its prospectus in conjunction with its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd scheduled on May 5, 2025. 

Reach Ten To Raise RM104 Mln From IPO To Expand Telecom Infrastructure

KUALA LUMPUR, April 9 (Bernama) -- Sarawak-based telecommunications provider Reach Ten Holdings Bhd is set to raise RM104 million through its initial public offering (IPO) ahead of its planned Main Market listing on May 2, 2025.

Steel Hawk Expects Sustained Strong Momentum In FY2025

By Siti Radziah Hamzah

KUALA LUMPUR, April 9 (Bernama) -- Oil and gas services provider Steel Hawk Bhd is expected to record double digit growth for its earnings and revenue in the financial year ending Dec 31, 2025 (FY2025), said executive director Datuk Sharman K. Michael.

AEON Credit Posts Lower Net Profit Of RM370.61 Mln In FY2025

KUALA LUMPUR, April 8 (Bernama) -- AEON Credit Service (M) Bhd reported a 12.6 per cent drop in net profit to RM370.61 million for the financial year ended Feb 28, 2025 (FY2025) from RM424.01 million in FY2024. 

Panasonic Estimates 3 Pct Revenue Loss From Gas Supply Disruption Due To Putra Heights Fire

KUALA LUMPUR, April 8 (Bernama) -- Panasonic Manufacturing Malaysia Bhd (PMMA) said that the gas supply disruption resulting from the Putra Heights fire is expected to impact the production of its fan and electric iron products, resulting in an estimated loss of revenue of approximately three per cent.

PHB Group Declares 2.50 Sen Interim Income Distribution For AHB

KUALA LUMPUR, April 8 (Bernama) -- Pelaburan Hartanah Bhd (PHB) and PHB Asset Management Bhd (PHBAM) have announced an interim income distribution of 2.50 sen per unit for its shariah-compliant unit trust, Amanah Hartanah Bumiputera (AHB), for the six-month period ended March 31, 2025.

Axiata To Exit Myanmar With US$150 Mln Divestment

KUALA LUMPUR, April 4 (Bernama) -- Axiata Group Bhd is exiting Myanmar after its subsidiary, Edotco Investments (Labuan) Ltd, signed a share purchase agreement (SPA) to sell its entire 87.5 per cent stake in Edotco Investments Singapore Pte Ltd for US$150 million (RM713 million).

Cybersecurity Powers Malaysia’s Digital Factories To A Secure Future

KUALA LUMPUR, April 3 (Bernama) -- As Malaysian manufacturers undergo digital transformation, safeguarding operations, data, and supply chains from rising threats becomes crucial, requiring swift action to bolster cybersecurity defences.

Gas Malaysia Implements Gas Supply Curtailment Following Putra Heights Incident

KUALA LUMPUR, April 2 (Bernama) -- Gas Malaysia Bhd has implemented a gas supply curtailment in several areas following the recent gas pipeline rupture in Putra Heights that led to the temporary closure of nearby gas facilities.