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ASEAN+3 Working Committee Meeting Outlines ASEAN's 2025 Main Economic Priorities

KUALA LUMPUR, Jan 15 (Bernama) -- The First Meeting of the ASEAN+3 Working Committee has agreed to set the Priority Economic Deliverables (PEDs) for ASEAN 2025, which include increasing access to sustainable and fair climate transition financing, said the Ministry of Finance (MoF).

MoF Approves Digital Banking Licence To YTL Digital Bank

KUALA LUMPUR, Jan 14 (Bernama) -- The Ministry of Finance (MoF) has approved the issuance of a digital banking licence to YTL Digital Bank Bhd, a joint venture between YTL Digital Capital Sdn Bhd and Sea Ltd.

Yinson Indirect Unit Secures RM4.48 Bln Investment From Consortium Of Global investment Firms

KUALA LUMPUR, Jan 14 (Bernama) -- Yinson Holdings Bhd’s indirect wholly owned subsidiary Yinson Production Offshore Holdings Ltd (YPOHL) has secured US$1 billion (RM4.48 billion) investment from a consortium of international investment firms to drive further growth. 

Sapura Energy Gets Second Approval-in-principle From Financiers For Restructuring

KUALA LUMPUR, Jan 13 (Bernama) -- Sapura Energy Bhd has received written confirmation from the Corporate Debt Restructuring Committee (CDRC) on Jan 11, 2025, that MCF Financiers have provided their requisite additional approval-in-principle in respect of certain refinements to the terms of the proposed restructuring scheme (PRS). 

MRT Corp Signs Rm8.31 Bln Contract With SRS Consortium

KUALA LUMPUR, Jan 13 -- Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has signed a Civil Main Contract (CMC) for Segment 1 of the Mutiara Line Light Rail Transit (LRT) project with SRS Consortium Sdn Bhd.

MIDA: Catalysing Malaysia's Economic Resilience, Future Growth In A Dynamic Global Landscape

By Abdul Hamid A Rahman

KUALA LUMPUR, Jan 12 (Bernama) -- Malaysia’s investment landscape in 2024 has once again showcased its resilience and adaptability, with the Malaysian Investment Development Authority (MIDA) at the forefront of driving economic growth through strategic investments, human capital development, digital and green economy initiatives.

Dialog’s Shares Remain Flat Despite Securing US$235 Mln Investment

KUALA LUMPUR, Jan 10 (Bernama) -- Dialog Group Bhd's share price remained unchanged at mid-morning, despite receiving a US$235 million investment approval for the Baram Junior Cluster Small Field Asset Production Sharing Contract (PSC).

Dialog Secures US$235 Mln Investment Approval For Baram Junior Cluster PSC

KUALA LUMPUR, Jan 9 (Bernama) -- Dialog Group Bhd has announced that the field development and abandonment plan (FDAP) for the Baram Junior Cluster Small Field Asset Production Sharing Contract (BJC SFA PSC) has achieved a final investment decision of US$235 million (US$1=RM4.50).

MOF, Johor State Govt Announce JS-SEZ Incentive Package To Drive High-Value Investments Into Johor

KUALA LUMPUR, Jan 8 (Bernama) -- The Ministry of Finance (MoF) and the Johor state government have announced an incentive package for the Johor-Singapore Special Economic Zone (JS-SEZ) designed to drive high-value investments into Johor.

Two Former Company Directors Fined For Improper Use Of Position Over Bonus Payment

KUALA LUMPUR,  Jan 5 (Bernama) -- Two former company directors pleaded guilty to using company funds amounting to RM200,000 as bonus payments to themselves without the company’s approval and were fined RM100,00 each for the offence.

Gamuda Able To Develop Up To 1,000MWs Data Centre On Newly Acquired Land - HLIB

KUALA LUMPUR, Dec 31 (Bernama) -- The land acquired by Gamuda Bhd at Springhill Industrial Park in Negeri Sembilan could support the development of data centre (DC) capacities of between 700-1,000 megawatts (MWs) based on two to three MWs per acre with a downward adjustment in net area, Hong Leong Investment Bank’s (HLIB) preliminary estimates show.

Kenanga IB Projects TIV To Rise To 805,000 Units In 2025

KUALA LUMPUR, Dec 30 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) projects a total industry volume (TIV) of 805,000 units for the automotive industry in 2025, a marginal increase from an estimated 800,000 units in 2024.