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Hong Leong Bank Posts Higher 1Q Net Profit Of RM1.09 Bln

KUALA LUMPUR, Nov 28 (Bernama) -- Hong Leong Bank Bhd’s net profit rose 5.8 per cent to RM1.09 billion in the first quarter ended Sept 30, 2024 (1Q FY2025) from RM1.03 billion in the same period last year.

CIMB Posts Higher Net Profit Of RM2.03 Bln In 3Q

KUALA LUMPUR, Nov 28 (Bernama) -- CIMB Group Holdings Bhd posted a higher net profit of RM2.03 billion in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM1.85 billion in the same period last year.

TII's Open-Source AI Summit Highlights Key Discussions On The Future Of AI 

KUALA LUMPUR, Nov 27 (Bernama) -- The Open-Source AI Summit Abu Dhabi has kicked off with critical dialogues that will shape the global artificial intelligence (AI) agenda, for two days beginning Nov 26, at the St. Regis Saadiyat Island.

BASF ECMS Bags 2024 Edison Patent Award 

KUALA LUMPUR, Nov 25 (Bernama) -- A team of BASF Environmental Catalyst and Metal Solutions (ECMS) and Heesung Catalysts Corporation (HCC) scientists was recently awarded a 2024 Edison Patent Award by the Research & Development Council of New Jersey.

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.

H2O.ai Launches Industry's First Multi-agent Gen AI Platform

KUALA LUMPUR, Nov 22 (Bernama) -- H2O.ai, the leader in open-source generative artificial intelligence (Gen AI) and the most accurate predictive AI platforms, has announced the industry-first convergence of predictive AI and Gen AI in its enterprise h2oGPTe platform.

Outlook For DUAE Segment Remains Positive Despite Capacity Challenges, Says AM Best

KUALA LUMPUR, NOV 22 (Bernama) -- Global credit rating agency, AM Best has maintained its market segment outlook for the delegated underwriting authority enterprise (DUAE) segment at positive, citing its sustained growth and niche expertise, despite potential issues that could arise from capacity challenges and rapid growth.

Bank Islam Launches New Digital Banking Platforms

KUALA LUMPUR, Nov 21 (Bernama) -- Bank Islam Malaysia Bhd has introduced new digital banking platforms, BIMB Mobile banking app and BIMB Web.

Sapangar Bay Port Trade Hub To Positively Impact Sabah's Economy

KOTA KINABALU, Nov 21 (Bernama) -- The Sabah State Government's aspiration to position Sapangar Bay Container Port (SBCP) as a regional trade hub is expected to deliver significant long-term economic benefits for the state, the State Assembly was informed today.

Two-year MADANI Govt: Turning Challenges Into Accomplishments

KUALA LUMPUR, Nov 21 (Bernama) -- In just two years of being in power, the MADANI government has reached a pivotal turning point in Malaysia's economic reforms, alongside efforts to address inefficiencies in state-owned entities, building on the resilient economic foundation laid in its first year.

From Business Novice To Owner Of Three Successful Muslimah Spa Branches

IPOH, Nov 20 (Bernama) -- A lack of business expertise has never been a barrier for 45-year-old Harisun Kassim, who has been successfully running a spa and beauty salon for 18 years.

Anaqua To Be Acquired By Nordic Capital

KUALA LUMPUR, Nov 19 (Bernama) -- Anaqua announced that Nordic Capital, an experienced private equity investor in Technology & Payments globally, has entered into exclusive negotiations to acquire a controlling interest in Anaqua from its existing shareholders led by Astorg.