Development Financial Institutions' Higher Approval Boosts Over 14,000 Businesses

KUALA LUMPUR, March 24 (Bernama) -- More than 14,000 small and medium enterprises (SMEs), microenterprises, start-ups, and the low-income group grew in line with higher approval rates under development financial institutions (DFI) financing in 2024, said Bank Negara Malaysia (BNM) today. 

Hotayi Electronic Invests RM500 Mln In Penang Smart Factory Expansion

KUALA LUMPUR, March 21 (Bernama) -- Hotayi Electronic (M) Sdn Bhd has broken ground on its RM500 million phase three smart factory expansion in Batu Kawan, Penang, a move set to generate 1,000 new high-skilled jobs.

ITMAX Secures Strategic Foothold To Offer Smart City, AI Solutions In Penang – HLIB

KUALA LUMPUR, March 20 (Bernama) -- With a new contract in hand, ITMAX Bhd has secured a strategic foothold to offer its full range of smart city and artificial intelligence (AI) solutions in Penang, as the state embarks on its smart city transformation, Hong Leong Investment Bank (HLIB) said today.  

MSM Plans Tg Langsat As Sugar Export Hub, Eyes New Markets

By Norsyafawati Ab Wahab 

KUALA LUMPUR, March 20 (Bernama) -- MSM Malaysia Holdings Bhd, the country’s leading refined sugar producer, plans to transform its Tanjung Langsat factory in Johor into an export hub within the next two to three years.  

Kerjaya Prospek Unit Bags Pedestrian Ramp Project In Gurney, Penang Worth RM11.36 Mln

KUALA LUMPUR, March 13 (Bernama) -- A wholly owned subsidiary of Kerjaya Prospek Group Bhd (KPGB)  has bagged an award from Tanjung Pinang Development Sdn Bhd (TPDSB) for the building of a pedestrian ramp and all associated works in Gurney, Bandar Tanjung Pinang, Penang, worth RM11.36 million.

Scientex Posts Lower Net Profit Of RM123.95 Mln In 2Q

KUALA LUMPUR, March 12 (Bernama) -- Scientex Bhd’s net profit fell 12.1 per cent to RM123.95 million in the second quarter ended Jan 31, 2025 (2Q FY2025) compared with RM141.01 million a year earlier. 

Kerjaya Prospek's Shares Lower In Early Trade Despite Contract Win

KUALA LUMPUR, March 11 (Bernama) -- Kerjaya Prospek Group Bhd’s share price took a tumble in the early trading session today despite news that its wholly-owned subsidiary had secured a second contract win for the year.

Penang Business Events Industry Garners RM1.29 Bln In 2024 - Chow

BAYAN LEPAS, March 10 (Bernama) -- The business events industry in Penang achieved an estimated economic impact (EEI) of RM1.29 billion last year, marking a 24.8 per cent increase from 2023.

KMI Healthcare, BSHSB Ink RM146 Mln Deal To Build And Lease 100-bed Hospital In Penang

KUALA LUMPUR, March 10 (Bernama) -- Kumpulan Medic Iman Sdn Bhd (KMI Healthcare), a subsidiary of TDM Bhd, has signed a build-and-lease agreement with Bertam Specialist Hospital Sdn Bhd (BSHSB) to develop a 100-bed hospital in Bertam, Seberang Perai Utara, Penang.  

Kerjaya Prospek Bags RM51.03 Mln Contract In Penang

KUALA LUMPUR, March 10 (Bernama) -- Kerjaya Prospek Group Bhd’s wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has received a contract from Persada Mentari Sdn Bhd (PMSB) to execute and complete piling and earthworks for a proposed service apartment in Penang, valued at RM51.03 million. 

Capitation Grant Rate To Be Raised 25 Pct To RM548 Mln Effective 2026 - PM Anwar

PUTRAJAYA, March 9 (Bernama) -- The rate of capitation grant distributed to state governments will be increased by 25 per cent, or RM109 million, to RM548 million effective from 2026.

Chemlite's IPO And Facility Expansion Bolster Malaysia's E&E Industry - MIDA

KUALA LUMPUR, March 6 (Bernama) --  Chemlite Innovation Bhd’s (Chemlite) initial public offering (IPO) on Bursa Malaysia marks a significant milestone in its strategic expansion, underscoring its commitment to innovation and bolstering Malaysia’s industrial ecosystem.