Proton Retains Second Place In September's Automotive Sales

KUALA LUMPUR, Oct 3 (Bernama) -- National carmaker Proton Holdings Bhd (Proton) remained in second place in the automotive sales rankings for September, with sales of 11,269 units (domestic and export), bringing its year-to-date (YTD) total sales volume to 112,758 units. 

AMRO Lowers ASEAN+3 Growth Forecast For 2024 To 4.2 Pct

KUALA LUMPUR, Oct 3 (Bernama) -- The ASEAN+3 Macroeconomic Research Office (AMRO) has pared down its 2024 economic growth forecast for the region to 4.2 per cent, down from 4.4 per cent in July, largely driven by revised growth projections for China and Vietnam.

Budget 2025: Hoteliers Urge Govt To Address Low Room Rates Despite Rising Operational Costs

KUALA LUMPUR, Oct 3 (Bernama) -- The hotel industry is calling on the government to address persistently low room rates and rising operational costs for the upcoming Budget 2025 to be tabled on Oct 18.

Middle-income Tax Band Review A Welcome Move In Budget 2025 - PwC Malaysia

KUALA LUMPUR, Oct 1 (Bernama) -- With the rising cost of living a major concern for Malaysians, PwC Malaysia believes a review of personal income tax bands for the middle-income group in Budget 2025 would be a welcome move.

Astro Malaysia Net Profit Soars 132.3 Pct To RM54.71 Mln In Second Quarter

KUALA LUMPUR, Sept 30 (Bernama) -- Astro Malaysia Holdings Bhd's net profit soared by 132.3 per cent to RM54.71 million in the second quarter ended July 31, 2024 (2Q 2025) from RM23.65 million a year ago.

Yinson's 2Q FY2025 Net Profit Falls To RM203 Mln

KUALA LUMPUR, Sept 30 (Bernama) -- Yinson Holdings Bhd posted a lower net profit of RM203 million during the second quarter (2Q) ended July 31, 2024 (FY 2025), compared with RM230 million in the same quarter last year.

Bintai Kinden Proposes Regularisation Plan To Exit PN17 Status

KUALA LUMPUR, Sept 27 (Bernama) — Bintai Kinden Corporation Bhd (BKCB) has announced a proposed regularisation plan to exit its Practice Note 17 (PN17) status and ensure long-term sustainability.

Johor Plantations Issues Its First Sukuk Wakalah Of RM1.35 Bln

KUALA LUMPUR, Sept 26 (Bernama) -- Johor Plantations Group Bhd has successfully issued its inaugural Sukuk Wakalah in aggregate of RM1.35 billion in nominal value from its Sukuk Wakalah Programme.

Covid-19 Undermined Progress In Reducing Poverty, Urban Households Hit Hardest - KRI

KUALA LUMPUR, Sept 26 (Bernama) -- Absolute poverty increased from 2019 to 2022, especially among urban households, rising to 4.5 per cent in 2022 from 3.8 per cent in 2019, according to a Khazanah Research Institute (KRI) report.

Ringgit Hits Strongest Level Since June 2021, Rises 0.69 Pct Against USD

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 25 (Bernama) -- The ringgit rallied to 4.1275/1310 against the US dollar on Wednesday, marking its strongest level since June 2021.

AAX Issues Circular On Proposed RM6.8 Bln Acquisition For Shareholders' Review

KUALA LUMPUR, Sept 25 (Bernama) -- AirAsia X Bhd (AAX) has released a detailed circular on the RM6.8 billion acquisition of Capital A Bhd's entire equity stake in AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for its shareholders’ review ahead of its Extraordinary General Meeting on Oct 16.

Magma Proposes Capital Reduction, Land Acquisition, Amendment Of Group's Constitution

KUALA LUMPUR, Sept 24 (Bernama) -- Magma Group Bhd (formerly known as Impiana Hotels Bhd) has proposed to undertake a reduction of its share capital pursuant to Section 116 of the Companies Act, 2016.