Sime Darby’s Net Profit Soars To RM800 Mln In 1Q FY2025

KUALA LUMPUR, Nov 28 (Bernama) -- Sime Darby Bhd's net profit for the first quarter ended Sept 30, 2024 (1Q FY2025) surged to RM800 million, up from RM589 million in the same period last year.

Axiata Returns To Black With RM976.67 Mln Net Profit In 3Q

KUALA LUMPUR, Nov 28 (Bernama) -- Axiata Group Bhd’s net profit for the third quarter ended Sept 30, 2024 (3Q 2024) made a significant turnaround, reaching RM976.67 million from a net loss of RM797.41 million in the same quarter a year ago.

Mavenir Wins Glotel Awards For Advancing AI In Telecom

KUALA LUMPUR, Nov 28 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, has won the Advancing Artificial Intelligence Global Telecoms (Glotel) Award for its Network Intelligence as a Service (NIaaS).

Blackstone, Santander Finalise US$1 Bln Infrastructure Loan Portfolio Deal

KUALA LUMPUR, Nov 27 (Bernama) -- Blackstone and Santander Corporate & Investment Banking have reached an agreement under which funds managed by Blackstone Credit & Insurance (BXCI) will acquire interests in a US$1 billion portfolio of high-quality infrastructure loans from Santander. (US$1=RM4.45)

MBSB Among Top Active Counters

KUALA LUMPUR, Nov 27 (Bernama) -- Financial provider MBSB Bhd has emerged as one of the top active counters on Bursa Malaysia after a strong nine-month financial year 2024 (9M FY2024) net profit, thanks to robust non-interest income (NOII).

EMGA Secures US$210 Mln Financing For Brazil’s BTG Pactual 

KUALA LUMPUR, Nov 26 (Bernama) -- Emerging Markets Global Advisory Limited (EMGA) has secured US$210 million debt finance for their long-standing Brazil based client, BTG Pactual (BTG). (US$1=RM4.45)

Hibiscus Petroleum's Brunei Acquisition To Contribute To Earnings Starting FY2025

By Siti Radziah Hamzah

KUALA LUMPUR, Nov 26 (Bernama) -- Hibiscus Petroleum Bhd's acquisition of TotalEnergies in Brunei will start to contribute to its earnings from the financial year ending June 30, 2025 (FY2025), said managing director Dr Kenneth Pereira. 

Icon Offshore Secures Four Key Agreements To Drive Portfolio Growth And Expansion

KUALA LUMPUR, Nov 22 (Bernama) -- Offshore support vessel (OSV) company Icon Offshore Bhd has signed four conditional share sale and purchase agreements (SSPAs) with various vendors for proposed acquisitions.

Hap Seng 3Q 2024 Net Profit Soars Nearly Fourfold To RM193.11 Mln

KUALA LUMPUR, Nov 21 (Bernama) -- Hap Seng Consolidated Bhd's (HSCB) net profit for the third quarter ended Sept 30, 2024 (3Q 2024) soared nearly fourfold to RM193.11 million, up from RM50.30 million in the same period last year.

Bank Rakyat Issues Inaugural RM500 Mln ASEAN Sustainability SRI Sukuk

KUALA LUMPUR, Nov 21 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat), via Imtiaz Sukuk II Bhd, has issued its maiden RM500 million ASEAN Sustainability SRI (Sustainable and Responsible Investment) Sukuk.

FMC Continues Monitoring Domestic Financial Market Conditions Amidst Key Global Developments

KUALA LUMPUR, Nov 20 (Bernama) -- Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC) continues to monitor the domestic financial market conditions amidst key global developments, namely the outcome of the recent US election and concerns surrounding China’s economic growth prospects.

Petronas Chemicals Records Loss Of RM789 Mln In 3Q On Unrealised Forex Loss

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) recorded a net loss of RM789 million in the third quarter compared to a net profit of RM424 million in the same period last year, dragged down by unrealised forex losses of RM1.1 billion.