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.

BMW Group Malaysia To Discuss With Govt Entities And Local Partners On EV Assembly

KUALA LUMPUR, Nov 20 (Bernama) -- BMW Group Malaysia is currently engaging with the government and local partners on its plan to locally assemble its electric vehicle (EV) units, aligning with the tax exemption for EV owners until the end of 2025.

AM Best Joins 14th ASEAN Insurance Congress On Nov 25

KUALA LUMPUR, Nov 20 (Bernama) -- Global credit rating agency, AM Best will participate in the 14th annual Association of Southeast Asian Nations (ASEAN) Insurance Congress, scheduled for Nov 25, in Jerudong, Brunei Darussalam.

MATRADE, EXIM Bank Ink MoU To Boost Trade Promotion

From Zarul Effendi Razali

DUBAI, Nov 20 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) and Export-Import Bank of Malaysia Bhd (EXIM Bank) have signed a memorandum of understanding (MoU) aimed at strengthening trade promotion collaboration on the basis of equality and mutual benefit.

E&O Launches RM60 Bln Masterplan For Andaman Island Development Project

GEORGE TOWN, Nov 20 (Bernama) -- Malaysian property developer, Eastern & Oriental Bhd (E&O) has unveiled its masterplan for its Andaman Island development project, with a gross development value (GDV) of RM60 billion.

TCS Group Bags RM611.30 Mln Contract For Pan Borneo Highway In Sabah

KUALA LUMPUR, Nov 19 (Bernama) -- TCS Group Holdings Bhd's wholly-owned subsidiary, TCS Construction Sdn Bhd (TCSC), has secured a RM611.30 million contract from Sabah Public Works Department for the construction of the Pan Borneo Sabah Highway Phase 1B.

Binastra Secures RM256.6 Mln M&E Fit-out Contract From Exsim Jalil Link

KUALA LUMPUR, Nov 19 (Bernama) -- Binastra Corporation Bhd’s wholly owned subsidiary, Binastra Builders Sdn Bhd has secured a RM256.5 million contract from Exsim Jalil Link Sdn Bhd for mechanical and electrical (M&E) fit-out works. 

AirAsia Offers Direct Flights To Andaman And Nicobar Islands

SRI VIJAYA PURAM (INDIA), Nov 16 (Bernama) -- AirAsia has become the first international airline to offer direct flights to India’s Andaman and Nicobar Islands.

Malaysia In Position To Demonstrate Leadership In ASEAN -- Jetro, Jactim

By Christine Lim

KUALA LUMPUR, Nov 17 (Bernama) -- Malaysia is in a position to demonstrate leadership in ASEAN as the country assumes its chairmanship role next year.

Gold Futures Likely To Remain In Cautious Trading Next Week

By Anas Abu Hassan

KUALA LUMPUR, Nov 16 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to experience cautious trading next week, following recent gains in the US dollar, an analyst said.

Malaysian-led Consortium Proposes RM18.4 Bln MAHB Buyout

KUALA LUMPUR, Nov 15 (Bernama) -- Gateway Development Alliance Sdn Bhd (GDA) and its shareholders (consortium) today announced plans to launch a conditional voluntary takeover offer for all remaining shares in Malaysia Airports Holdings Bhd (MAHB) at RM11 per share, valuing the equity at RM18.4 billion.

Trinity Group Launches Trinity Sensoria, Introducing Five-tier Protection System Condominiums

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Nov 14 (Bernama) -- Property developer Trinity Group Sdn Bhd has launched its latest residential project, Trinity Sensoria, which introduces Malaysia's first five-tier (5X) protection system for condominiums.