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Sime Darby Expects Tough Competition In Motors Division This Year

PETALING JAYA, Feb 24 (Bernama) -- Sime Darby Bhd expects tough competition in its motors division this year due to an over supply of vehicles from China, according to group chief executive officer Datuk Jeffri Salim Davidson. 

Petronas Gas Posts Higher FY2024 Net Profit Of RM1.84 Bln, Declares 22 Sen Dividend

KUALA LUMPUR, Feb 21 (Bernama) -- Petronas Gas Bhd (PGB) recorded a higher net profit of RM1.84 billion in the financial year ended Dec 31, 2024 (FY2024) compared to RM1.82 billion in the same period a year earlier.

PCG Records Lower Net Profit In FY2024, Declares 3.0 Sen Second Interim Dividend

KUALA LUMPUR, Feb 21 (Bernama) -- Petronas Chemicals Group Bhd’s (PCG) net profit fell to RM1.175 billion in the financial year ended Dec 31, 2024 (FY2024) from RM1.696 billion in the preceding year.

MAHB Share Sale Will Not Affect National Security - MOT

KUALA LUMPUR, 21 Feb (Bernama) -- The Transport Ministry (MOT) views the sale of shares in Malaysia Airports Holdings Bhd (MAHB) as not affecting security, based on the commitment and cooperation between the Civil Aviation Authority of Malaysia (CAAM), MAHB, and the Royal Malaysian Police (PDRM) to ensure that security aspects are at the highest level.

SeRenE, Megamas Resources Partner To Establish Semarak MIS JV

KUALA LUMPUR, Feb 21 (Bernama) -- Semarak Renewable Energy Sdn Bhd (SeRenE) has inked a memorandum of agreement (MoA) with Megamas Resources, a Singapore-based marine and offshore services provider, to establish a new joint venture company, Semarak MIS Sdn Bhd. 

Sunway Construction's FY2024 Net Profit Surges To RM186.9 Mln On Strong Project Progress

KUALA LUMPUR, Feb 20 (Bernama) -- Sunway Construction Group Bhd (SunCon) recorded a higher net profit of RM186.91 million for the financial year ended Dec 31, 2024 (FY2024), up from RM145.11 million a year ago.

FM Global Logistics Unit Partners With Three Companies To Deepen ESG Commitment

KUALA LUMPUR, Feb 20 (Bernama) -- FM Global Logistics Holdings Bhd via its wholly-owned unit FM Global Logistics Sdn Bhd has partnered with three companies, Scania Malaysia Sdn Bhd, Solarvest Energy Sdn Bhd, and JAC Motors Malaysia Sdn Bhd, to deepen its commitment to the environmental, social, and governance (ESG) agenda.

Vista To Showcase Global 7500 At Inaugural BAAFEx 2025

KUALA LUMPUR, Feb 20 (Bernama) -- Vista, the world leader in private aviation, has announced its participation in the inaugural Business Aviation Asia Forum and Expo (BAAFEx) 2025 at Singapore’s Changi Exhibition Centre from March 4 to 6.

Petronas Dagangan Records Stronger Performance In FY2024, Declares 45 Sen Dividend

KUALA LUMPUR, Feb 20 (Bernama) -- Petronas Dagangan Bhd’s (PDB) net profit increased to RM1.09 billion in the financial year ended Dec 30, 2024 (FY2024), compared to RM943.08 million in the same period a year earlier.

Southern Cable Secures Contracts Worth RM403.6 Mln From TNB

KUALA LUMPUR, Feb 19 (Bernama) -- Southern Cable Group Bhd's unit Southern Cable Sdn Bhd has secured contracts totalling RM403.6 million from Tenaga Nasional Bhd (TNB) to supply underground cables and conductors for one year from February 2025. 

RHB Raises Sustainable Financing Target To RM90 Bln By 2027

KUALA LUMPUR, Feb 19 (Bernama) -- RHB Banking Group has set a new target of RM90 billion for sustainable financial services (SFS) by 2027 from its earlier RM50 billion target by 2026.

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).