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E&O's FY2025 Net Profit Surges To RM168.65 Million

KUALA LUMPUR, May 28 (Bernama) -- Eastern and Oriental Bhd’s (E&O) net profit jumped to RM168.64 million in the financial year ended March 31, 2025 (FY2025) from the previous financial year’s RM133.60 million.

Microsoft To Accelerate AI Innovation Through BINA AI Initiative

KUALA LUMPUR, May 28 (Bernama) -- Microsoft unveiled the BINA AI Malaysia, an initiative to support the country’s next phase of artificial intelligence (AI) transformation.

AmBank Approves RM70 Mln Financing For Sunview’s Solar Project In Kedah

KUALA LUMPUR, May 28 (Bernama) -- AmBank Group, through AmBank Islamic Bhd, has approved RM70 million to Sunview Group Bhd’s wholly-owned subsidiary, Fabulous Sunview Sdn Bhd (FSSB), to part-finance the construction of a 29.99 MegaWatt ground-mounted photovoltaic solar power plant in Kedah.

Axiata's 1Q Net Profit More Than Doubles To RM159.8 Mln

KUALA LUMPUR, May 28 (Bernama) -- Axiata Group Bhd’s net profit jumped to RM159.8 million in the first quarter ended March 31, 2025 (1Q 2025) from RM60.03 million in the same period last year, driven by foreign exchange gains, lower depreciation and amortisation and higher contributions from CelcomDigi.

RHB Bank's 1Q Profit Rises To RM750.03 Mln

KUALA LUMPUR, May 28 (Bernama) -- RHB Bank Bhd posted a higher net profit of RM750.03 million for the first quarter ended March 31, 2025 (1Q 2025) compared with RM730.17 million in the same period last year.

TM Delivers RM1.5 Bln To Stakeholders, Accelerates Long-Term Growth

KUALA LUMPUR, May 28 (Bernama) -- Telekom Malaysia Bhd (TM) delivered approximately RM1.5 billion in value to stakeholders through dividends and socio-economic initiatives in the financial year 2024, reaffirming its commitment to long-term value creation and national development.

TNB Strengthens Regional Presence Through Collaboration In GCC

KUALA LUMPUR, May 27 (Bernama) -- Tenaga Nasional Bhd's (TNB) unit TNB Repair and Maintenance Sdn Bhd (TNB Remaco) has entered into a strategic joint venture partnership with Kuwait’s Al-Dhow Engineering General Trading and Contracting Co. WLL. 

Bursa Malaysia Publicly Reprimands Jerasia, Fines 3 Directors Total Of RM50,000

KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded Jerasia Capital Bhd (in liquidation) and imposed fines totalling RM50,000 on three of its directors for failing to make an immediate announcement of the winding-up order.

JG Sarava's RM10 Mln Pineapple Canning Factory In Sarawak To Begin Operations Next Year

SIBU, May 26 (Bernama) -- A cutting-edge pineapple processing plant to process and produce canned pineapple products for export is scheduled to be built in Tanjung Manis, Mukah Division, Sarawak, and is expected to be completed by early next year.

Passenger Movements Rise 13.9 Per Cent In April - Malaysia Airports

KUALA LUMPUR, May 26 (Bernama) -- Malaysia Airports recorded a 13.9 per cent month-on-month increase in passenger movements across its network in Malaysia and Türkiye in April 2025, supported by the launch of new airline services and expanded connectivity to key regional and international destinations.  

Malaysia, Laos Forge Strategic Rail-Sea Trade Link

PUTRAJAYA, May 25 (Bernama) -- Laos and Malaysia have established a partnership to boost cross-border trade via rail and sea with the exchange of a Memorandum of Cooperation (MoC) between Penang Port Sdn Bhd (PPSB) and Thanaleng Dry Port (TDP) here today.

US Tariffs Could Cost Malaysia Up To 4 Pct Of Solar Panel Export Value

KUALA LUMPUR, May 25 (Bernama) --  Malaysia could lose up to four per cent of the export value of its solar panels if the United States (US) proceeds with its proposed tariffs on solar panel product imports, according to industry observers.