1y ago
By Kisho Kumari Sucedaram
KUALA LUMPUR, Dec 31 (Bernama) — Several airlines encountered devastating challenges, transforming the end of the year into a tragic chapter for aviation worldwide, resulting in a somber and deadly December for many, marking a stark contrast to hopes for a prosperous conclusion to the year.
1y ago
KUALA LUMPUR, Dec 31 (Bernama) -- Malaysia’s official reserve assets amounted to US$118.35 billion (US$1=RM4.45), while other foreign currency assets stood at US$255.72 million as at end-November 2024, said Bank Negara Malaysia (BNM).
1y ago
KUALA LUMPUR, Dec 27 (Bernama) -- Wisson Robotics, a leader in general-purpose soft robotics, will debut its Pliabot technology, a revolutionary commercial and universal soft robotics with human-like muscles and embodied artificial intelligence (AI), at the Consumer Electronics Show (CES) 2025.
1y ago
KUALA LUMPUR, Dec 24 (Bernama) -- Bank Negara Malaysia’s (BNM) proposal to abolish the flat-rate method for calculating personal financing is seen as a significant step towards improving the financial health of households, said an economist.
1y ago
KUALA LUMPUR, Dec 23 (Bernama) -- Southeast Asia’s automotive industry experienced a major transformation this year, driven by a surge in electric vehicle (EV) adoption, the rise of Chinese automakers, and evolving consumer preferences, according to integrated car e-commerce platform Carsome.
1y ago
KUALA LUMPUR, Dec 23 (Bernama) -- The capacity expansion project of the main transformer at the 500-kilovolt (kV) Shangdang Substation in Zhenjiang, Jiangsu Province, was officially put into operation on Dec 16.
1y ago
KUALA LUMPUR, Dec 23 (Bernama) -- The International Finance Corporation (IFC) and a consortium of six international financial institutions have committed more than US$900 million (US$1 = RM4.50) in financing to Yondr Group’s hyperscale data-centre campus in Malaysia, said the World Bank Group.
1y ago
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Dec 22 (Bernama) – Malaysia’s micro, small, and medium enterprises (MSMEs) have continued to progress this year despite facing challenges in adapting to market changes and regulatory shifts, particularly in their transition towards the digital-first economy.
1y ago
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Dec 20 (Bernama) -- Shares on Bursa Malaysia ended the week on a lower note as they continued to face selling pressure, tracking losses in regional peers driven by weak global equity markets performance overnight, said an analyst.
1y ago
KUALA LUMPUR, Dec 20 (Bernama) -- Malaysia's international reserves stood at US$118.1 billion (US$1=RM4.50) as at Dec 13, 2024, compared to US$118.3 billion on Nov 30, 2024.
1y ago
KUALA LUMPUR, Dec 20 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has secured US$90 million in debt finance for its long-standing Brazil-based client, BTG Pactual, the largest investment bank in Latin America. (US$1=RM4.50)
1y ago
KUALA LUMPUR, Dec 19 (Bernama) -- Aeon Credit Service (M) Bhd’s net profit for the third quarter of the financial year ended Feb 28, 2025 (3Q 2025) fell to RM62.07 million from RM85.55 million last year.