ADB Visit Underscores Labuan’s Role As O&G, Financial Services Gateway

By Jailani Hasan

LABUAN, May 22 (Bernama) -- The Asian Development Bank’s (ADB) official visit to Labuan has renewed attention on the duty-free island’s strategic economic position as an offshore oil and gas support base, international financial centre and maritime gateway.

Maybank Honours Winners Of 9th MyTIGER Values Art Competition At Stadium Merdeka

KUALA LUMPUR, May 22 (Bernama) -- Maybank Group’s social impact arm, Maybank Foundation, recently honoured winners of its 9th MyTIGER Values Art Competition and Exhibition (MTVACE) 2026 at Stadium Merdeka, showcasing artworks by 36 students from across the country.

Bursa Malaysia Opens Higher Amid Wall Street Gains, Positive Economic Data

KUALA LUMPUR, May 22 (Bernama) -- Bursa Malaysia opened higher today, tracking Wall Street’s overnight gains as hopes grew for a resolution of the West Asia conflict, coupled with positive domestic economic data.

Awantec Maintains Profitability In 1Q, Advances AI, Digital Transformation Initiatives

KUALA LUMPUR, May 22 (Bernama) -- AwanBiru Technology Bhd (Awantec) posted a profit after tax (PAT) of RM1.5 million for the first quarter ended March 31, 2026 (1Q 2026), supported by sustained contributions from the group’s core operations and its strategic expansion into delivering artificial intelligence (AI) solutions for key accounts.

ADE Secures US$100 Mln Financing From QNB Group To Accelerate Expansion, Strengthen Regional Position

KUALA LUMPUR, May 22 (Bernama) -- Asia Digital Engineering (ADE), the maintenance, repair and overhaul (MRO) subsidiary of Capital A Bhd, has secured a US$100 million (US$1=RM3.95) financing facility from QNB Group, a financial institution in the Middle East and Africa.

KPJ Healthcare Net Profit Higher At RM69.6 Mln In 1Q

KUALA LUMPUR, May 21 (Bernama) -- KPJ Healthcare Bhd’s net profit for the first quarter (1Q) ended March 31, 2026, rose to RM69.6 million from RM57.1 million in the same quarter a year ago.

Ningbo Fresh Technology To Invest RM263 Mln To Expand Tanjong Malim Operations

IPOH, May 21 (Bernama) -- Ningbo Fresh Technology Co Ltd of China will invest an additional RM263 million in Tanjong Malim, Perak, hence further strengthening the country’s automotive industry ecosystem.

DRB-HICOM 1Q Net Profit More Than Doubles To RM45 Mln

KUALA LUMPUR, May 21 (Bernama) -- DRB-HICOM Bhd’s net profit more than doubled to RM45 million in the first quarter ended March 31, 2026 (1Q) from RM17.72 million in the same period last year.

MNRB FY2026 Profit Soars To RM545.39 Mln, Sets New Earnings Benchmark

KUALA LUMPUR, May 21 (Bernama) -- MNRB Holdings Bhd’s net profit rose to RM545.39 million for the financial year ended March 31, 2026 (FY2026) from RM394.25 million in the preceding year.

Toshiba Unveils 1200V Trench-gate SiC MOSFET For AI Data Centres

KUALA LUMPUR, May 21 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has started shipping test samples of “TW007D120E”, a 1200-volt (V) trench-gate silicon carbide (SiC) MOSFET designed for power supply systems in next-generation artificial intelligence (AI) data centres.

I Squared Capital Launches India Power Transmission Platform

KUALA LUMPUR, May 21 (Bernama) -- I Squared Capital (I Squared), a global infrastructure investment manager, has launched Cube Grid, a power transmission platform targeting India's expanding electricity grid.

AM Best Affirms Taiwan’s Union Excellent Credit Ratings

KUALA LUMPUR, May 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Taiwan’s Union Insurance Company Limited (Union).