Malaysia's Economy Shows Resilience Amid Global Uncertainty

KUALA LUMPUR, Feb 25 (Bernama) -- Malaysia is on the right track to unleash its potential as its economy remains on a steady course, bolstered by government reforms and strong economic fundamentals, according to HSBC's ASEAN economist Yun Liu.

Tight Supply Concerns Drive Rubber Market To Close Higher

By Anas Abu Hassan

KUALA LUMPUR, Feb 25 (Bernama) -- The Kuala Lumpur rubber market ended higher today supported by concerns over tight supply due to wintering in natural rubber-producing regions coupled with gains in crude oil prices, said a dealer.

IOI Corp Posts Lower 2Q Net Profit Of RM111.1 Mln, Declares 5 Sen Dividend

KUALA LUMPUR, Feb 25 (Bernama) -- IOI Corporation Bhd’s (IOI Corp) net profit fell by two-thirds to RM111.1 million in the second quarter ended Dec 31, 2024 (2Q FY2025) from RM335.4 million in the year-ago quarter despite a stronger contribution from the plantation segment. 

Sime Darby Posts RM305 Mln 2Q Net Profit, Declares 4 Sen Dividend

KUALA LUMPUR, Feb 24 (Bernama) -- Sime Darby Bhd posted a net profit of RM305 million in the second quarter ended Dec 31, 2024 (2Q FY2025) compared to RM2.28 billion in 2Q FY2024.

GDP Growth Provides Many Direct Benefits For The People -- Amir Hamzah

KUALA LUMPUR, Feb 19 (Bernama) -- Malaysia’s gross domestic product (GDP) growth, which reached 5.1 per cent in 2024, has provided direct benefits for the people, including higher wages, quality job opportunities, better social assistance and protection, as well as growth in business and trade, the Dewan Rakyat was told today.

Greatech Technology's Net Profit Improves To RM154.99 Mln In FY2024

KUALA LUMPUR, Feb 18 (Bernama) -- Greatech Technology Bhd's net profit rose marginally to RM154.99 million in the financial year ended Dec 31, 2024 (FY2024) from RM154.36 million in FY2023.

Gas Malaysia Posts Higher Net Profit Of RM441.39 Mln For FY2024

KUALA LUMPUR, Feb 18 (Bernama) -- Gas Malaysia Bhd posted a higher net profit of RM441.39 million for the financial year ended Dec 31, 2024 (FY2024), up from RM383.40 million a year ago.

EcoWorld Malaysia Acquires Remaining 40 Pct Stake In PPSB

KUALA LUMPUR, Feb 18 (Bernama) -- Eco World Development Group Bhd (EcoWorld Malaysia) has acquired the remaining 40 per cent stake in Paragon Pinnacle Sdn Bhd (PPSB) from Employees Provident Fund (EPF) subsidiary, Tanjung Wibawa Sdn Bhd (TWSB), for RM184.08 million.

Transformation Efforts Of MAHB Expected To Bear Fruit - MOF

KUALA LUMPUR, Feb 18 (Bernama) --  The transformation efforts of Malaysia Airports Holdings Bhd (MAHB) are expected to bear fruit, attracting more airlines and passengers and boosting the country's economic growth while providing returns to the government, according to the Ministry of Finance (MOF).

SME Venture@ASEAN 2025 To Attract Over 10,000 Visitors, Generating RM300 Mln In Sales

KUALA LUMPUR, Feb 17 (Bernama) -- The SME Venture@ASEAN 2025 is expected to attract over 10,000 visitors and more than 300 local and international exhibitors primarily from ASEAN member states and trade partners, generating more than RM300 million in sales.

Teo Seng Capital FY2024 Net Profit Rises To RM183.36 Mln

KUALA LUMPUR, Feb 17 (Bernama) -- Teo Seng Capital Bhd posted a higher net profit of RM183.36 million for the financial year ended Dec 31, 2024 (FY2024), up from RM155.80 million a year earlier.  

Ringgit In Right Direction Despite Uncertainties Caused By US Trade War - BNM Governor

KUALA LUMPUR, Feb 17 (Bernama) -- The ringgit is moving in the right direction despite the uncertainties caused by the United States’ (US) trade war, said Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour.