ACE Market-bound Saliran Eyes RM21.71 Mln From IPO

KUALA LUMPUR, Feb 19 (Bernama) -- ACE Market-bound oil and gas (O&G) pipe supplier Saliran Group Bhd aims to raise RM21.71 million through its initial public offering (IPO).

Sime Darby Auto ConneXion Invests RM16.6 Mln In 3S Showroom In Penang

GEORGE TOWN, Feb 18 (Bernama) -- Sime Darby Auto ConneXion (Auto ConneXion), the sole distributor for Ford in Malaysia, has officially opened its latest and largest 3S (Sales, Service and Spare Parts) showroom in Penang, located at Jalan Baru, Seberang Perai Tengah.

Murata Launches Maiden Milk Run Cross-Border Trucking Initiative

IPOH, Jan 15 (Bernama) -- Multinational electronics company, Murata Electronics (Malaysia) Sdn Bhd, has launched its first milk run cross-border trucking initiative at the Ipoh Cargo Terminal Sdn Bhd (ICT).

Avis Predicts Surge In Corporate EV Leasing Demand

SHAH ALAM, Jan 6 (Bernama) -- Avis Malaysia, a mobility solutions provider, projects a rise in demand for electric vehicles (EVs) in the corporate non-commercial leasing segment this year, driven by government-friendly policies.

Automotive Sector Revs Up To Another Resilient Performance In 2024 As First National EV Debuts

KUALA LUMPUR, Dec 25 (Bernama) -- As 2024 draws to a close, the automotive industry stands out not only because of the better-than-expected vehicle sales for the third year running but also due to the much-anticipated launch of Malaysia’s very own electric vehicle (EV).

Volvo Malaysia Launches New Heavy-duty Trucks For Efficiency, Safety

SHAH ALAM, Nov 28 (Bernama) -- Volvo Malaysia Sdn Bhd (Volvo Trucks) has unveiled its updated heavy-duty truck range, designed to boost fuel efficiency and cut carbon emissions.  

Welspun One Invests US$325 Mln To Develop India's Largest Logistics Facility

KUALA LUMPUR, Nov 28 (Bernama) -- Welspun One, India’s fastest-growing new-age logistics and industrial real estate manager, is investing US$325 million in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. (US$1=RM4.43)

Dialog Posts Higher Net Profit Of RM150.97 Mln In 1Q

KUALA LUMPUR, Nov 19 (Bernama) -- Dialog Group Bhd posted a higher net profit of RM150.97 million for the first quarter ended Sept 30, 2024 (1Q FY2025) compared to a net profit of RM132.17 million in the same quarter last year. 

Sweden-Malaysia Economic Ties Flourish, FDI Soars & Semiconductor Sector Emerges As Key Growth Area

KUALA LUMPUR, Nov 1 (Bernama) -- Economic ties between Sweden and Malaysia have flourished over the years, with Swedish foreign direct investment (FDI) in Malaysia soaring to US$1.43 billion (US$1=RM4.37) to date from US$113 million in 2014.

Swedish Firms Supporting Malaysia’s Green Transition With Sustainable Investments

By Kisho Kumari Sucedaram & Mikhail Raj Abdullah

KUALA LUMPUR, Oct 31 (Bernama) – Top Swedish firms that have been investing in Malaysia’s industrial development since the nation achieved its independence are lending their expertise in the country’s green economy transition by focusing on the sustainability agenda.

EIG’s MidOcean Energy Wraps Up Stake Purchase In Peru LNG

KUALA LUMPUR, Oct 25 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, announced the completion of its previously announced agreement to acquire an additional 15 per cent interest in Peru LNG (PLNG) from Hunt Oil Company (Hunt).

Strong China-Malaysia Ties Key Factor In Driving Investments: Analysts

KUALA LUMPUR, Oct 17 (Bernama-Xinhua) -- Longstanding and stable relations with China are a key consideration for investors seeking to expand into Southeast Asia, with the strength of China-Malaysia ties making Malaysia a top destination for Chinese enterprises, analysts said on Thursday.