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KUALA LUMPUR, May 14 (Bernama) -- GenNx360 Capital Partners, a New York-based private equity firm, has agreed to sell its portfolio company, Precision Aviation Group (PAG), to VSE Corporation (VSE) in a transaction valued at approximately US$2.025 billion in cash and equity. (US$1 = RM3.93)
LABUAN, May 13 (Bernama) -- Sabah should develop a medium-term cargo flow redistribution and maritime resilience framework to strengthen the state’s logistics ecosystem, according to the Chartered Institute of Logistics and Transport Malaysia (CILTM) Sabah.
KUALA LUMPUR, May 13 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today received a courtesy visit from the president and chief executive officer of the United States-ASEAN Business Council (US-ABC), Ambassador (retired) Brian McFeeters and a delegation in conjunction with the 2026 Malaysia Business Mission.
From Kisho Kumari Sucedaram
BANGKOK, May 13 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) received recognition from the Airports Council International (ACI) at the Airport Carbon Accreditation (ACA) Awards ceremony, with Penang International Airport and Kuching International Airport attaining ACA Level 1 accreditation for their carbon management efforts.
BANGI, May 13 (Bernama) -- The Malaysian Investment Development Authority (MIDA) is positioning the International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) and Kuala Lumpur Sustainability Summit (KLSS) 2026 as strategic platforms to accelerate Malaysia’s green investment agenda and strengthen the country’s standing as a regional hub for sustainable growth.
From Nurunnasihah Ahmad Rashid
KAZAN (Russia) May 13 (Bernama) -- KazanForum 2026 is expected to generate new trade, investment and Islamic finance opportunities between Russia and Islamic economies, with organisers aiming to strengthen cross-border business cooperation through industry-focused engagements and targeted investment initiatives.
KUALA LUMPUR, May 13 (Bernama) -- Malaysia’s maintenance, repair and overhaul (MRO) market is on track to achieve RM55 billion in revenue target by the end of 2030 under the Malaysia Aerospace Industry Blueprint (MAIB) 2030, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.
KUALA LUMPUR, May 12 (Bernama) -- The global energy market has shown signs that it is stabilising, but it needs to be continuously monitored as any new developments can affect energy and production costs, said Economy Minister Akmal Nasrullah Mohd Nasir.
HAIKOU (China), May 12 (Bernama) -- The Regional Comprehensive Economic Partnership (RCEP) should be measured beyond traditional goods-based indicators to include services, investment and e-commerce in order to better capture the agreement’s overall impact.
KUALA LUMPUR, May 12 (Bernama) -- Malaysia’s gross domestic product (GDP) is projected to expand 4.8 per cent in 2026, provided the West Asia conflict ends by June, underpinned by stable domestic demand, improving investment activity and ongoing economic reforms, Affin Bank Bhd said.
KUALA LUMPUR, May 11 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to Taiwan’s Tokio Marine Newa Insurance Co Ltd (TMNewa), with a stable outlook.
KUALA LUMPUR, May 11 (Bernama) -- BMI, a unit of Fitch Solutions, expects Bank Negara Malaysia (BNM) to leave the overnight policy rate (OPR) on hold at 2.75 per cent at its next meeting on July 9, following the central bank’s May 7 rate decision.
