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Sarawak's Hartanah Kenyalang Launches IPO Prospectus, Aims To Raise RM19.3 Mln

KUCHING, April 30 (Bernama) -- Hartanah Kenyalang Bhd has launched its prospectus en route to its initial public offering (IPO) on Bursa Malaysia’s ACE Market to raise RM19.3 million based on its IPO price of RM0.16 apiece.

Over RM27 Mln Development Projects Approved For First Quarter In Negeri Sembilan

SEREMBAN, April 30 (Bernama) -- The current status of development projects (expenditure) approved in Negeri Sembilan for the first quarter of this year from January to March is RM27,043,020.12 out of the approved allocation of RM135 million, the State Legislative Assembly (DUN) was told today.

Reach Ten, CelcomDigi Team Up To Start Cellular Coverage In Rural Sarawak

KUCHING, April 30 (Bernama) -- Main Market-bound telecommunications service provider Reach Ten Holdings Bhd is collaborating with CelcomDigi Bhd to deliver cellular coverage to underserved rural communities in Sarawak through low energy, low cost and high data load small cell base station services. 

Sime Darby Property Issues RM800 Mln Sukuk Musharakah

KUALA LUMPUR, April 29 (Bernama) -- Sime Darby Property Bhd has successfully issued RM800 million under the third issuance of the sukuk musharakah programme.

Butterworth Plant To Ease Shah Alam, Bentong Overload, Says F&N CEO

KUALA LUMPUR, April 29 (Bernama) -- Fraser & Neave Holdings Bhd (F&N) is set to commence operations at its refurbished Butterworth plant to ease production capacity constraints currently faced at its Shah Alam and Bentong facilities.

Maybank IB Maintains Positive Stance On Electronics Manufacturing Services Sector

KUALA LUMPUR, April 28 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) has maintained its “positive” stance on the electronics manufacturing services (EMS) sector amid persisting tariff uncertainties.

Ringgit Set To Hover Between RM4.37 And RM4.38 Next Week

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 26 (Bernama) -- The ringgit is expected to hover within a tight range of RM4.37 to RM4.38 next week, as markets focus on a series of key US data releases, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.

TNB Doubles Capex To RM42.9 Bln To Back Energy Transition Efforts

KUALA LUMPUR, April 24 (Bernama) -- Tenaga Nasional Bhd (TNB) has more than doubled its budgeted capital expenditure (capex) to RM42.9 billion — comprising RM26.6 billion in base capex and RM16.3 billion in contingent capex — to support infrastructure development for Malaysia’s energy transition.

RHB: US Tariffs Prompt Manufacturing Shift, Rushed Orders In Malaysia's Tech Sector

KUALA LUMPUR, April 24 (Bernama) -- Malaysia’s technology (tech) sector should benefit from a surge in rushed orders and the intensified reallocation of manufacturing activities to ASEAN following the United States (US) tariff imposition, said RHB Investment Bank Bhd.

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.

Jingxing Group Commits RM1.9 Bln To Malaysia Expansion

KUALA LUMPUR, April 22 (Bernama) -- Zhejiang Jingxing Paper Joint Stock Co. Ltd’s wholly owned subsidiary, Jingxing Holdings (M) Sdn Bhd, has committed RM1.9 billion to a phase two expansion of its operations in Banting, Selangor.

Construction Sector Largerly Insulated From Direct Impact Of Liberation Day -- HLIB

KUALA LUMPUR, April 22 (Bernama) -- The Malaysian construction sector is largely insulated from the direct impact of Liberation Day, which brought tariffs to over 180 trading partners, with reciprocal rates ranging between 10 and 49 per cent across ASEAN.