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Cheng & Co Expands Mid-shore Wealth Management Presence With Alpadis Trust Labuan Acquisition

By Jailani Hasan

LABUAN, Nov 27 (Bernama) -- Cheng & Co Group has strengthened its regional wealth management capabilities with the acquisition of Alpadis Trust (Labuan) Limited, now officially renamed Indah International Trust Limited.

Bursa Malaysia Pares Gains To Close Lower As Investors Sell Telecommunication Stocks

By Anas Abu Hassan

KUALA LUMPUR, Nov 27 (Bernama) -- Bursa Malaysia pared gains to end lower on Thursday, dragged down by selling in selected blue chips, especially those in the telecommunications sector, an analyst said.

QL Resources Q2 Net Profit Falls To RM116.23 Mln

KUALA LUMPUR, Nov 27 (Bernama) -- QL Resources Bhd posted a lower net profit of RM116.23 million for the second quarter of the financial year 2026, ended Sept 30, 2025 (2Q FY2026), down from RM128.28 million.

Government Scales Up Support For MSMEs Via Strategic GLC Partnerships, Initiatives - Amir Hamzah 

KUALA LUMPUR, Nov 27 (Bernama) -- The government, under the 13th Malaysia Plan (13MP), is prioritising efforts to help micro, small and medium enterprises (MSMEs) move up the value chain through strategic partnerships with government-linked companies (GLCs).

Labuan FSA DG: Info Sharing, Innovation Vital To Combat Money Laundering

LABUAN, Nov 27 (Bernama) -- Information sharing, innovation, and technology-driven compliance are the pillars of a robust anti-money laundering (AML) regime and for Labuan International Business and Financial Centre (IBFC) to be a trusted financial market, said Labuan Financial Services Authority (Labuan FSA) director-general Affendi Rashdi.

Banks Roll Out Flood Relief Assistance For Affected Customers

KUALA LUMPUR, Nov 27 (Bernama) -- Banks are offering a range of flood-relief assistance, including deferment of loan or financing instalments to provide temporary financial relief and special financing facilities to assist customers in repairing and restoring their homes and businesses.

Sunway Posts Lower Net Profit Of RM338.14 mln In 3Q

KUALA LUMPUR, Nov 26 (Bernama) -- Sunway Bhd posted a lower net profit of RM338.14 million for the third quarter (3Q) ended Sept 30, 2025, compared to RM376.08 million a year earlier, due to start-up operational losses from its new hospitals in Damansara and Ipoh.

MBSB 3Q Net Profit Eases To RM95.64 Mln 

KUALA LUMPUR, Nov 26 (Bernama) -- MBSB Bhd posted a lower net profit of RM95.64 million in the third quarter of the financial year ended Sept 30, 2025 (3Q FY2025), compared to RM122.08 million a year earlier.

Chin Hin Acquires RM91 Mln Puncak Jalil Land For Landed Housing Project

KUALA LUMPUR, Nov 26 (Bernama) -- Chin Hin Group Property Bhd (CHGP), through its subsidiary Chin Hin Property (KL) Sdn Bhd (CHPKL), has acquired two parcels of 99-year leasehold land in Taman Puncak Jalil, Selangor, for RM91 million to undertake a landed residential development.

UEM Edgenta Posts 3Q Net Loss Of RM94.12 Mln 

KUALA LUMPUR, Nov 26 (Bernama) -- UEM Edgenta Bhd posted a net loss of RM94.12 million for the third quarter (3Q) ended Sept 30, 2025, compared with a net profit of RM10.23 million a year earlier, due to significant one-off, non-cash impairments of goodwill, non-current assets, and long-outstanding receivables.

WE2025 Serves As Platform For Malaysia, Kosovo To Deepen Trade Ties

KUALA LUMPUR, Nov 26 (Bernama) -- The second day of WE2025: Future in Motion: Women in Trade, Investment and Leadership saw closer engagement between Malaysia and Kosovo, focusing on opportunities to foster economic cooperation between the two countries.

Johor Set To Match Last Year’s GDP Of 6.4 Pct This Year - Hasni

KUALA LUMPUR, Nov 26 (Bernama) -- Johor expects to maintain its strong economic trajectory this year, with a gross domestic product (GDP) growth of 6.4 per cent -- matching last year’s performance -- while growth for 2026 is anticipated to range between 4.8 and 6.8 per cent.