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Analysts Upbeat On MISC Cite Strong Cash Flow

KUALA LUMPUR, Feb 24 (Bernama) -- RHB Investment Bank Bhd (RHB IB) is positive on MISC Bhd, citing its steady operating cash flow and solid balance sheet, which position it well to pursue growth opportunities in the floating production storage and offloading (FPSO) market.

Strengthen Regional Ties, Boost Investment To Counter US Tariff Impact, ESCAP Chief Tells ASEAN

KUALA LUMPUR, Feb 23 (Bernama) -- The head of a key intergovernmental platform in the Asia-Pacific has urged Southeast Asian economies to strengthen regional cooperation and boost investment to cushion against the fallout from US President Donald Trump’s move to impose steep tariffs on imports from China, Canada and Mexico.

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.

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. 

IILM: US$710 Mln Short-term Sukuk Oversubscribed By 2.15 Times

KUALA LUMPUR, Feb 18 (Bernama) -- The International Islamic Liquidity Management Corp (IILM) has completed the reissuance and issuance of an aggregate of US$710 million (US$1=RM4.440) short-term sukuk, spread across two different tenors: one-month and three-month maturities.

Greatech Technology's Net Profit Improves To RM154.99 Mln In FY2024

KUALA LUMPUR, Feb 18 (Bernama) -- Greatech Technology Bhd's net profit rose marginally to RM154.99 million in the financial year ended Dec 31, 2024 (FY2024) from RM154.36 million in FY2023.

Gold Futures Close Higher On Growing Concerns Over Trump's Tariff Plans

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 14 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today on growing concerns over US President Donald Trump's tariff plans.

Upbeat 2024 GDP Performance Drives Ringgit To End Higher

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 14 (Bernama) -- The Malaysian economy saw significant growth in 2024, boosting the ringgit to end the week higher against the US dollar.

Ringgit Records 2.7 Pct Overall Appreciation Against US Dollar In 2024 -- BNM

KUALA LUMPUR, Feb 14 (Bernama) -- The ringgit recorded an overall appreciation of 2.7 per cent against the US dollar in 2024, standing out as one of the few Asian currencies to strengthen versus the greenback, said Bank Negara Malaysia (BNM). 

Keyfield International Secures RM56 Mln Work Orders From Petronas Carigali

KUALA LUMPUR, Feb 10 (Bernama) -- Keyfield International Bhd’s wholly owned subsidiary, Keyfield Offshore Sdn Bhd, has accepted a work order award (WOA) in December 2024 and a work order extension (WOE) in November 2024, issued by Petronas Carigali Sdn Bhd.

Nearfield Instruments Expands Into US Market With New Subsidiary, Secures Major Orders

KUALA LUMPUR, Feb 10 (Bernama) -- Nearfield Instruments, an advanced metrology and inspection solutions provider for the semiconductor industry, has announced the establishment of its United States (US) subsidiary, Nearfield Instruments USA Inc.

Rightsizing Efforts Aimed At Ensuring Petronas Can Contribute Continuously To Nation-Building

KUALA LUMPUR, Feb 7 (Bernama) -- Petronas’ rightsizing efforts are to ensure that the national oil company can continuously contribute to nation-building, its president and chief executive officer Tengku Tan Sri Muhammad Taufik said today.