MJets Air Buys A Freighter For US$4.6 Mln As Part Of Fleet Expansion Plan

KUALA LUMPUR, Dec 24 (Bernama) -- MJets Air Sdn Bhd, a subsidiary of MMAG Holdings Bhd (MMAG), has acquired a Boeing B737-400SF converted freighter for US$4.6 million (US$1=RM4.49) as part of its plan to expand its fleet to 13 aircraft by the end of 2025.

Perma-Pipe Posts Strong Q3 2024 Results With 29 Pct Increase In Net Income

KUALA LUMPUR, Dec 24 (Bernama) -- Perma-Pipe International Holdings Inc’s net income for the third quarter ended Oct 31, 2024 (Q3) increased to US$2.5 million from US$1.9 million in the same period last year, mainly driven by better project execution. (US$1=RM4.48)

Ending Flat-rate Loan Calculations Can Curb Household Debt, Bankruptcy Risks -- Economists

KUALA LUMPUR, Dec 24 (Bernama) -- Bank Negara Malaysia’s (BNM) proposal to abolish the flat-rate method for calculating personal financing is seen as a significant step towards improving the financial health of households, said an economist.

Nearfield Instruments Secures Repeat Orders For Quadra Metrology System

KUALA LUMPUR, Dec 23 (Bernama) -- Nearfield Instruments, a pioneer in advanced process control metrology solutions, announced it has received repeat purchase orders for its flagship QUADRA High-Throughput Process Control Metrology System.

Powering Malaysia’s Future: Solar Growth Amid Energy Sector Challenges

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Dec 23 (Bernama) -- Malaysia’s energy sector registered significant growth this year, driven by incentives that catalysed players to undertake new green energy ventures, particularly solar systems.

Palm Oil Market Faces Uncertainties Amid Weather Challenges, Supply Constraints

KUALA LUMPUR, Dec 20 (Bernama) -- Malaysian Rating Corporation Bhd (MARC Ratings) anticipates the palm oil market to continue to face significant uncertainties heading into 2025, with supply-side challenges exacerbated by adverse weather conditions and a slower replanting pace.

Bursa Malaysia Opens Lower On Wall Street's Decline

KUALA LUMPUR, Dec 19 (Bernama) -- Bursa Malaysia opened lower today, taking a cue from Wall Street’s overnight declines, said an analyst. 

Healthcare, Education Sectors Likely Prime Targets For Ransomware Attacks In 2025 - Sophos

KUALA LUMPUR, Dec 18 (Bernama) -- Healthcare and education sectors are expected to be the prime targets for ransomware attacks next year, according to cybersecurity solutions provider Sophos Ltd.

Trinity Group Clinches FIABCI Malaysia Property Award For High-rise Living Excellence

KUALA LUMPUR, Dec 18 (Bernama) -- Property developer Trinity Group has won the FIABCI Malaysia Property Award 2024 in the residential high-rise category for its flagship development, Trinity Pentamont, located in Mont Kiara, Kuala Lumpur.

New Audit Exemption Criteria For Private Companies To Take Effect On Jan 1, 2025 - SSM

KUALA LUMPUR, Dec 18 (Bernama) -- The new criteria for the exemption of financial statement audits for private companies will take effect on Jan 1, 2025.

Technology Innovation Institute's Falcon 3: A New Era In Open Source AI Models

KUALA LUMPUR, Dec 18 (Bernama) -- The Technology Innovation Institute (TII), a global applied research centre under Abu Dhabi’s Advanced Technology Research Council (ATRC), has unveiled Falcon 3, the latest iteration of its open-source large language model (LLM) series.

Malaysia To Double Down On Collaboration, Trade With Other Countries Next Year - Rafizi

KUALA LUMPUR, Dec 18 (Bernama) -- Malaysia will “double down” on its strategy of deepening trade and collaboration with other countries in 2025, guided by three fundamental tenets of how Malaysia deals with the world, said Economy Minister Rafizi Ramli.