5G Remains The Focus For Telco In 2024

By Anas Abu Hassan

KUALA LUMPUR, Dec 19 (Bernama) -- Malaysia's telecommunications industry has seen quite an eventful year in 2024 as the country progresses toward deploying its second 5G network. 

MRL, CCCECRL Jointly Operate And Maintain ECRL Project

PUTRAJAYA, Dec 18 (Bernama) -- Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction (ECRL) Sdn Bhd (CCCECRL) today created an operating company (OpCo) with a 50:50 interest ratio for the purpose of operating and maintaining the East Coast Rail Link (ECRL) project.

Key Projects Make Rapid Progress, Changing Malaysia’s Transportation Landscape

KUALA LUMPUR, Dec 18 (Bernama) – Malaysia’s infrastructure landscape is undergoing significant changes, with major transportation projects driving greater connectivity and growth while transforming the skyline of cities and townships in an unprecedented manner.

OFS-SIDREC Merger Is In Final Process Of Completion

KUALA LUMPUR, Dec 2 (Bernama) -- The Ombudsman for Financial Services (OFS) and Securities Industry Dispute Resolution Centre (SIDREC) are in the final process of merger completion towards the full operation of the Financial Markets Ombudsman Service (FMOS) by 2025, according to Deputy Finance Minister Lim Hui Ying.

EMGA Secures US$30 Mln Debt Financing For Uzbekistan’s Ipak Yuli Bank

KUALA LUMPUR, Dec 2 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for Ipak Yuli Bank in Uzbekistan, securing US$30 million from the OPEC Fund for International Development (OPEC Fund). (US$1=RM4.44)

Sime Darby Property To Build Additional Data Centres, With 20-year Lease Value Up To RM5.6 Bln

KUALA LUMPUR, Dec 2 (Bernama) -- Sime Darby Property Bhd will be developing additional data centres at Elmina Business Park following the signing of a new build-and-lease agreement with Pearl Computing Malaysia Sdn Bhd, with a 20-year lease value of up to RM5.6 billion. 

Airasia X 3Q Net Profit Surges To RM121.63 Mln

KUALA LUMPUR, Nov 29 (Bernama) -- AirAsia X (AAX) Bhd’s net profit for the third quarter ended Sept 30, 2024 (3Q 2024) surged to RM121.63 million, up from RM5.56 million in the same quarter last year.

AFA Eyes Annual Growth Of 2-3 Pct Driven By Strategic Infrastructure Projects

KUALA LUMPUR, Nov 28 (Bernama) -- AFA Infrastructure and Development Sdn Bhd (AFA) is targeting annual revenue growth of two to three per cent, driven by strategic infrastructure projects and a consolidated operational structure aimed at enhancing Malaysia’s transportation network.

Hong Leong Bank Posts Higher 1Q Net Profit Of RM1.09 Bln

KUALA LUMPUR, Nov 28 (Bernama) -- Hong Leong Bank Bhd’s net profit rose 5.8 per cent to RM1.09 billion in the first quarter ended Sept 30, 2024 (1Q FY2025) from RM1.03 billion in the same period last year.

Axiata Returns To Black With RM976.67 Mln Net Profit In 3Q

KUALA LUMPUR, Nov 28 (Bernama) -- Axiata Group Bhd’s net profit for the third quarter ended Sept 30, 2024 (3Q 2024) made a significant turnaround, reaching RM976.67 million from a net loss of RM797.41 million in the same quarter a year ago.

Tropicana Corp's 3Q Net Loss Surges To RM454.93 Mln

KUALA LUMPUR, Nov 27 (Bernama) -- Tropicana Corporation Bhd’s net loss surged to RM454.93 million in the third quarter (3Q) ended Sept 30, 2024, from RM10.34 million net loss recorded in the same period last year.

MISC, Gentari To Develop Clean Ammonia Shipping Solutions By 2027

KUALA LUMPUR, Nov 26 (Bernama) -- MISC Bhd and Gentari Sdn Bhd have forged a partnership to explore the development of integrated shipping and floating solutions for clean ammonia, with a targeted completion date as early as 2027.