Petronas, Aramco Announce Transfer of Full Ownership of PRefChem To Petronas

KUALA LUMPUR, May 25 (Bernama) -- Petroliam Nasional Bhd (Petronas) and Saudi Arabian Oil Company (Aramco) today announced the signing of an agreement for the transfer of the latter’s equity stakes, held via Aramco Overseas Company B.V., in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively, PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor to Petronas.

IJM Land, Southern Catalyst Formalise JV For RM1.96 Bln Industrial Park In Sedenak

KUALA LUMPUR, May 25 (Bernama) -- IJM Land Bhd has formalised a joint venture (JV) with Southern Catalyst Sdn Bhd to develop a RM1.96 billion industrial park in Sedenak, Johor, within the Johor-Singapore Special Economic Zone (JS-SEZ).

Stoneshield Capital To Increase Stake In Exolum To 20 Pct

KUALA LUMPUR, May 25 (Bernama) -- Stoneshield Capital, a European real assets investment firm, has signed an agreement to acquire a 15 per cent stake in Exolum from OMERS, building on its existing investment in the company.

​SC Launches Social Exchange Platform; Aims For Accountability In Charitable Funding

KUALA LUMPUR, May 25 (Bernama) — The launch of the Social Exchange platform by the Securities Commission (SC) will address public concerns related to charity fundraising and support social outcomes in a more organised and accountable manner.

AIFA To Acquire Controlling Stake In HyalRoute For About US$2.31 Bln

KUALA LUMPUR, May 25 (Bernama) -- All In FutureTech Alliance Inc (AIFA) announced plans to acquire a 57.67 per cent controlling stake in HyalRoute Fiber-Optic Communication Group (HyalRoute) in a transaction valued at about US$2.31 billion. (US$1=RM3.96)

Malaysian, ASEAN Manufacturers Poised To Unlock US$1.2 Trillion AI Growth Opportunity -- Kearney

By Siti Noor Afera Abu

KUALA LUMPUR, May 24 (Bernama) -- Manufacturers across ASEAN, including Malaysia, could unlock up to US$1.2 trillion (US$1=RM3.95) in artificial intelligence (AI)-driven gross output value growth by 2030, according to global management consultancy firm Kearney.

Strarion Advisory Builds Bridge To Russia-CIS Market, Positions Malaysia As ASEAN Gateway

KUALA LUMPUR, May 24 (Bernama) -- A Malaysian strategic advisory firm is positioning itself as a bridge connecting Malaysia and the Russia-Commonwealth of Independent States (CIS) market, aiming to unlock cross-border investment opportunities while strengthening Malaysia’s role as a strategic gateway into Southeast Asia.

Ann Joo's Unit Has New Potential Buyer After Deal With Southern Steel Falls Through

KUALA LUMPUR, May 22 (Bernama) -- Ann Joo Resources Bhd (Ann Joo) has proposed to dispose of its 100 per cent equity interest in Ann Joo Steel Bhd (AJSB) to Singapore-based Green Esteel Pte Ltd following the mutual termination of a heads of agreement to sell the stake to Southern Steel Bhd today.

KWAP Emerges As Substantial Shareholder In Aeon Co

KUALA LUMPUR, May 22 (Bernama) -- Retirement Fund Inc, better known as Kumpulan Wang Persaraan Diperbadankan (KWAP), has emerged as a substantial shareholder in Aeon Co (M) Bhd after acquiring more than 1.56 million shares in the company.

InterSystems Opens Jakarta Office To Expand Indonesia Presence

KUALA LUMPUR, May 22 (Bernama) -- InterSystems, a creative data technology provider headquartered in Boston, has expanded its Indonesia presence with the opening of a new office in Jakarta.

Marquee Brands To Acquire Majority Stake In Roberto Cavalli

KUALA LUMPUR, May 21 (Bernama) -- Marquee Brands, the premier global brand management company, has announced a definitive agreement to acquire a majority interest in Roberto Cavalli through a strategic partnership with Dubai-based DAMAC Group.

Prompt, Effective Communications Crucial To Building Trust - TNB

KUALA LUMPUR, May 20 (Bernama) – Malaysia’s power company Tenaga Nasional Bhd (TNB) prioritises serving the public effectively and gaining their lasting trust as its measure of effective communications, particularly when problems arise.