Petronas, Aramco Announce Transfer of Full Ownership of PRefChem To Petronas

KUALA LUMPUR, May 25 (Bernama) -- Petroliam Nasional Bhd (Petronas) and Saudi Arabian Oil Company (Aramco) today announced the signing of an agreement for the transfer of the latter’s equity stakes, held via Aramco Overseas Company B.V., in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively, PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor to Petronas.

TNB Remains Resilient, Focuses On Stable Supply And Value For The Rakyat

KUALA LUMPUR, May 25 (Bernama) -- Tenaga Nasional Bhd (TNB) today announced its financial performance for the first quarter of the financial year ended March 31, 2026 (1Q FY2026), underscoring the group’s continued commitment to strengthening Malaysia’s energy security, enhancing grid resilience and delivering long-term value to the nation and the rakyat.

Allianz Malaysia Posts RM227.35 Mln Net Profit In 1Q 2026

KUALA LUMPUR, May 25 (Bernama) -- Allianz Malaysia Bhd posted a higher net profit of RM227.35 million in the first quarter of its financial year ended March 31, 2026 (1Q 2026), compared to RM213.04 million in 1Q 2025.

Bursa Malaysia Ends Lower On Profit-taking

By Danni Haizal Danial Donald

KUALA LUMPUR, May 25 (Bernama) -- Bursa Malaysia closed lower on Monday as investors turned cautious, with profit-taking emerging in selected heavyweights, amid rising global bond yields and ahead of the US inflation release.

IJM Land, Southern Catalyst Formalise JV For RM1.96 Bln Industrial Park In Sedenak

KUALA LUMPUR, May 25 (Bernama) -- IJM Land Bhd has formalised a joint venture (JV) with Southern Catalyst Sdn Bhd to develop a RM1.96 billion industrial park in Sedenak, Johor, within the Johor-Singapore Special Economic Zone (JS-SEZ).

Sabah Adopts Balanced Growth Model, Demands Fair Economic Value For Conservation

KOTA KINABALU, May 25 (Bernama) -- The Sabah state government is adopting a balanced growth model that demands fair economic value for its environmental contributions, while rejecting unrealistic environmental idealism that could delay the state’s socioeconomic progress.

Gamuda’s Tasmanian Solar, Wind Projects Selected Under Australia’s Capacity Investment Scheme

KUALA LUMPUR, May 25 (Bernama) -- Gamuda Bhd’s unit, Gamuda Renewable Pty Ltd’s (Gamuda Renewables) two Tasmanian projects, namely the 200 megawatt (MW) Weasel Solar Farm and 341 MW Cellars Hill Wind Farm, were among the 19 successful projects selected under Australia’s Capacity Investment Scheme.

Perak Trade Mission To China Generates Commitments Worth RM1.6 Bln - MB

IPOH, May 25 (Bernama) -- The Perak state government trade and investment mission to China has opened up new prospects and commitments worth more than RM1.6 billion.

Johor Emerges As Cost-efficient Data Centre Alternative To Singapore - Moody’s

KUALA LUMPUR, May 25 (Bernama) -- Malaysia, particularly Johor, has positioned itself as a cost-efficient alternative to Singapore for data centre investments, owing to its relatively abundant land, availability of power infrastructure, and attractive investment incentives.

Stoneshield Capital To Increase Stake In Exolum To 20 Pct

KUALA LUMPUR, May 25 (Bernama) -- Stoneshield Capital, a European real assets investment firm, has signed an agreement to acquire a 15 per cent stake in Exolum from OMERS, building on its existing investment in the company.

Axiata 1Q Net Profit Rises To RM273.80 Mln

KUALA LUMPUR, May 25 (Bernama) -- Axiata Group Bhd’s net profit rose to RM273.80 million in the first quarter ended March 31, 2026 (1Q) from RM159.84 million in the same quarter last year. 

Bursa Malaysia Ends Morning Session Lower On Selling Pressure

KUALA LUMPUR, May 25 (Bernama) -- Bursa Malaysia ended the morning session lower as continued selling on selected heavyweights, led by the industrial products and services and utilities counters, weighed on market sentiment.