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Putra Heights Fire Sparks Production Disruptions, Financial Losses For 200 Factories

By Zufazlin Baharuddin

KUALA LUMPUR, April 5 (Bernama) -- The gas pipeline fire incident at Putra Heights has significantly impacted the operations of approximately 200 industrial facilities in the Klang Valley, spanning various manufacturing sub-sectors and company sizes.

Petronas Gas Reaffirms Commitment To Safety, Reliability Following Putra Heights Fire Incident

KUALA LUMPUR, April 4 (Bernama) -- Petronas Gas Bhd (PGB) reaffirms that it always adheres to stringent safety measures in line with international standards at all levels of its operations. 

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).

Curium Completes Acquisition Of Monrol To Expand Nuclear Medicine Capabilities

KUALA LUMPUR, April 2 (Bernama) -- Curium Pharma (Curium), a global leader in nuclear medicine, has completed its acquisition of Istanbul-based Eczacıbaşı-Monrol Nuclear Products Co (Monrol), further strengthening its Lutetium-177 (Lu-177) production capacity.

Malaysia's Economic Momentum To Be Sustained In 2025 -- HLIB

KUALA LUMPUR, April 2 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) continues to expect Malaysia’s economic momentum to be sustained in 2025, driven mainly by domestic demand.

MIDA Introduces Investor Pass To Boost Foreign Investments

KUALA LUMPUR, March 28 (Bernama) -- The Malaysian Investment Development Authority (MIDA) will launch the Investor Pass, which takes effect on April 1, to enhance Malaysia’s investment appeal.

Capital A Seeks Bursa Securities' Approval To Extend Issuance Of PN17 Regularisation Plan Circular

KUALA LUMPUR, March 27 (Bernama) -- Capital A Bhd is seeking approval from Bursa Malaysia Securities Bhd for an extension until April 15, 2025, to issue the shareholder circular for its proposed Practice Note 17 (PN17) regularisation plan.

ACE Market-listed Southern Score Builders Proposes Listing Transfer To Main Market

KUALA LUMPUR, March 27 (Bernama) -- ACE Market-listed Southern Score Builders Bhd has proposed to transfer its listing and entire issued share capital to the Main Market of Bursa Malaysia.

RHB Bank Subscribes To Additional Shares In Boost Bank Worth RM51 Mln

KUALA LUMPUR, March 27 (Bernama) -- RHB Bank Bhd has subscribed to an aggregate of about 51 million new shares in Boost Bank for RM51 million since May 17, 2024, in order to maintain its 40 per cent equity interest in the digital bank.

Alliance Bank Report: 79 Pct Of MSMEs Expect Revenue Growth In 2025, Despite Cost Pressures

KUALA LUMPUR, March 26 (Bernama) -- The Alliance Bank MSME Business Outlook Report 2025 revealed that 79 per cent of Malaysian micro, small, and medium enterprises (MSMEs) anticipate revenue growth in 2025, driven by strong domestic demand and accelerated digital adoption.

Axiata, Sinar Mas Get Shareholders Nod On XLSMART Merger

KUALA LUMPUR, March 26 (Bernama) -- Axiata Group Bhd and Sinar Mas announced that shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom (SmartTel) have formally approved the merger of the three companies into XLSMART.

Velesto Proposes RM1.2 Bln capital Reduction To Strengthen Finances

KUALA LUMPUR, March 25 (Bernama) -- Velesto Energy Bhd has proposed a capital reduction of RM1.2 billion, which will be credited to the retained earnings or to set off against any accumulated losses of the company.