MSP Sports Capital Exits McLaren Racing After Pivotal Role In F1 Team's Revival

KUALA LUMPUR, Sept 3 (Bernama) -- MSP Sports Capital, a New York-based private investment firm, has confirmed the sale of its equity interest in McLaren Racing, including its Formula 1 (F1) Team, to McLaren Group Limited.

KLIA To Commence Vehicle Access Management System Trial Run Starting Sept 1

KUALA LUMPUR, Aug 30 (Bernama) -- KL International Airport (KLIA) will commence a trial run of its new Vehicle Access Management System (VAMS) to improve kerbside traffic flow and provide smoother access to the terminals.

KPJ Healthcare's Net Profit, Revenue Strengthen In 2QFY2025

KUALA LUMPUR, Aug 28 (Bernama) -- KPJ Healthcare Bhd’s net profit increased to RM82.06 million in the second quarter ended June 30, 2025 (2QFY2025), from RM75.88 million in 2QFY2024, in tandem with higher revenue recorded in the quarter.

Axiata On Track To Achieve Gearing Ratio Of 2.5 Times Net Debt To EBITDA In 2026

KUALA LUMPUR, Aug 28 (Bernama) -- Axiata Group Bhd is on track to achieve a gearing ratio of 2.5 times net debt to earnings before interest, taxes, depreciation, and amortisation (EBITDA) by the end of 2026, as the level stood at 2.76 times as at June 30, 2025.

Khazanah's Role In Venture Capital Ecosystem Remains Vital, Fund Should Widen Focus On Higher Economic Multipliers Like Agri-Food Business

By Saraswathi Muniappan

KUALA LUMPUR, Aug 26 (Bernama) -- Sovereign wealth fund Khazanah Nasional Bhd still has an effective role to play in the venture capital ecosystem, especially in promoting entrepreneurship and fuelling future economic growth engines, despite recent setbacks such as the losses incurred from its investment in FashionValet Sdn Bhd.

Bursa Malaysia Rejects Ivory Properties Application For More Time On Regularisation Plan

KUALA LUMPUR, Aug 21 (Bernama) -- Ivory Properties Group Bhd’s application for a further extension of time to submit its regularisation plan to exit Practice Note 17 (PN17) status has been rejected by Bursa Malaysia Securities Bhd.

SBC Medical Posts US$43 Mln Q2 Revenue, Net Income Falls 87 Pct

KUALA LUMPUR, Aug 15 (Bernama) -- SBC Medical Group Holdings Inc (SBC Medical) reported second-quarter (Q2) revenue of US$43 million, an 18 per cent year-over-year (YoY) decline, as the company continues to realign its business around higher-margin services and scalable growth. (US$1=RM4.21)

Petronas Reviewing Operational, Cost Efficiencies Amid Low Oil Price Environment

KUALA LUMPUR, Aug 11 (Bernama) -- Petroliam Nasional Bhd (Petronas) expects the low oil price environment to persist, with prices hovering at around US$64 to US$65 per barrel, said executive vice president and chief executive officer (CEO) of upstream business Mohd Jukris Abdul Wahab. (US$1=RM4.24)

Pharmaniaga Completes Regularisation Plan, Set To Exit PN17 By 1Q 2026

KUALA LUMPUR, Aug 6 (Bernama) -- Pharmaniaga Bhd has completed its Practice Note 17 (PN17) regularisation plan following the completion of its capital reduction exercise through the cancellation of RM520 million in issued share capital.

Pharmaniaga On Track To Exit PN17, Jakel Medical Emerges As New Substantial Shareholder

KUALA LUMPUR, July 31 (Bernama) -- Pharmaniaga Bhd has completed two critical milestones of its regularisation plan, the rights issue and private placement, thus positioning the group firmly on track to exit its Practice Note 17 (PN17) status.

From Setup To Shutdown, Sadhana Offers Turnkey Demolition And Salvage Solutions  

KUALA LUMPUR, July 13 (Bernama) -- Sadhana Demolition & Engineering Sdn Bhd could be the ideal partner for companies looking to make new investments, launching manufacturing plants, or even exiting operations in Malaysia.

AirAsia Inks US$12.25 Bln Airbus Deal To Add 70 Long-Range Jets 

KUALA LUMPUR, July 5 (Bernama) -- AirAsia has signed an agreement to buy US$12.25 billion (RM51.72 billion) worth of long-range Airbus 321XLR aircraft, with deliveries confirmed by 2028, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes.