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Turing Secures US$14 Mln To Expand AI-driven Water Management Solutions

KUALA LUMPUR, Feb 27 (Bernama) -- Turing, a leader in artificial intelligence (AI)-driven water management solutions, has successfully raised US$14 million in a funding round led by Safar Partners. (US$1=RM4.42)

Multiply Group To Acquire Majority Stake In Tendam, Expanding Into European Retail And Apparel Sector

KUALA LUMPUR, Feb 26 (Bernama) -- Multiply Group PJSC, the Abu Dhabi-based investment holding company, has agreed to invest in Castellano Investments S.À R.L., securing a controlling 67.91 per cent stake in the company, which owns Tendam Brands S.A.U. and other subsidiaries.

Petronas' Profit Slips 32 Pct To RM55.1 Bln In FY2024 Due To Unfavourable Prices

KUALA LUMPUR, Feb 25 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) net profit fell by 32 per cent to RM55.1 billion in financial year 2024 ended Dec 31, 2024 (FY2024) from RM80.7 billion in FY2023, in line with the lower average realised prices and favourable tax adjustments in 2023. 

MAVCOM-CAAM Merger Progressing Well, Timeline Yet To Be Set – Hasbi

KUALA LUMPUR, Feb 25 (Bernama) -- The merger of the Malaysian Aviation Commission (MAVCOM) and the Civil Aviation Authority of Malaysia (CAAM) is progressing well, though no specific timeline has been set, Deputy Transport Minister Datuk Hasbi Habibollah said.  

Unlocking Intra-ASEAN Investment Opportunities Key To Regional Integration -- BNM Governor

KUALA LUMPUR, Feb 25 (Bernama) -- Intra-ASEAN investment opportunities remain largely untapped and significant efforts are still needed to achieve regional regulatory alignment, said Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Abdul Ghaffour.

SMEs Must Adopt AI, E-invoicing To Stay Competitive -- Gobind

KUALA LUMPUR, Feb 25 (Bernama) -- Small and medium enterprises (SMEs) must embrace artificial intelligence (AI) and e-invoicing to remain competitive in Malaysia’s evolving digital economy, said Digital Minister Gobind Singh Deo.

Paris Baguette Goes Big In Malaysia With New Halal Bakery Factory

KUALA LUMPUR, Feb 25 (Bernama) -- SPC Group’s newly established halal-certified food hub in Johor is set to play a pivotal role in the company’s global expansion while reinforcing Malaysia’s position as a key player in the international halal food industry.

AM Best Affirms Himalayan Reinsurance Credit Ratings With Stable Outlook

KUALA LUMPUR, Feb 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Nepal’s Himalayan Reinsurance Limited (Himalayan Re), maintaining a stable outlook.

Bintulu Port Holdings Pays Tribute To Media For Highlighting Achievements

KUCHING, Feb 24 (Bernama) -- Bintulu Port Holdings Berhad (BPHB) paid tribute to the media, which had been giving their unwavering support and cooperation in promoting its initiatives and highlighting its achievements throughout last year.

IATA Approves Malaysia Aviation Group To Certify Dangerous Goods Training

KUALA LUMPUR, Feb 21 (Bernama) -- The International Air Transport Association (IATA) Competency‐Based Training and Assessment (CBTA) Center has accredited and approved Malaysia Aviation Group’s (MAG) training arm MAB Academy to certify Dangerous Goods Regulations (DGR) courses.

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.

Subsidy Proposal For Basic MHIT Products Needs In-Depth Study - Lim Hui Ying

KUALA LUMPUR, Feb 20 (Bernama) -- The proposal for the implementation of subsidies for the development of basic medical and health insurance and takaful (MHIT) products requires in-depth studies, including the long term impact on overall healthcare costs, said Deputy Finance Minister Lim Hui Ying.