Malaysian Govt Not Involved In Skyvast-Huawei AI Initiative - MITI

KUALA LUMPUR, May 21 (Bernama) -- The recent launch of an artificial intelligence (AI) infrastructure initiative, involving Skyvast Corporation and Huawei Technologies, was not developed, endorsed, or coordinated by the government, says the Ministry of Investment, Trade and Industry (MITI).

IMM Investment Secures Hamilton Lane Backing In Landmark Asia Secondary Deal

KUALA LUMPUR, May 20 (Bernama) -- IMM Investment, a prominent Korean asset manager, and Hamilton Lane, a global private markets firm, announced the completion of a strategic secondary transaction involving the IMM Infra 8th Private Equity Fund.

No Decision Yet On EUDR Low Risk Status For Malaysian Palm Oil, Benchmarking Ongoing – Envoy

KUALA LUMPUR, May 16 (Bernama) -- The European Union (EU) has yet to determine whether Malaysia will be classified as a low risk country under its upcoming country benchmarking system for the EU Deforestation Regulation (EUDR), said EU Ambassador to Malaysia Rafael Daerr.

BNM Imposes Penalties Totalling RM35,000 On Merchantrade Asia, JAGS Money

KUALA LUMPUR, April 30 (Bernama) -- Bank Negara Malaysia (BNM) imposed a total of RM35,000 in administrative monetary penalties (AMP) on Merchantrade Asia Sdn Bhd and JAGS Money Sdn Bhd.

Anwar: ASEAN To Act As One On US Tariffs

BUTTERWORTH, April 12 (Bernama) -- Malaysia will leverage its strong ties with the United States, Europe, China and ASEAN to seek a resolution to the US retaliatory import tariffs, Prime Minister Datuk Seri Anwar Ibrahim said.

Putra Heights Fire Sparks Production Disruptions, Financial Losses For 200 Factories

By Zufazlin Baharuddin

KUALA LUMPUR, April 5 (Bernama) -- The gas pipeline fire incident at Putra Heights has significantly impacted the operations of approximately 200 industrial facilities in the Klang Valley, spanning various manufacturing sub-sectors and company sizes.

Fivecast AI-driven Platform To Revolutionise Financial Crime Compliance

KUALA LUMPUR, March 26 (Bernama) -- Fivecast has launched its cutting-edge, artificial intelligence (AI)-driven digital intelligence platform designed to transform the financial crime compliance market for financial institutions.

Epic Targets Higher FY2025 Revenue Following New Petronas Contracts -- CEO

KUALA LUMPUR, March 17 (Bernama) -- Eastern Pacific Industrial Corporation Bhd (Epic) is targeting a higher revenue of RM470 million for the financial year 2025 (FY2025), following its strong FY2024 performance that saw revenue reaching RM403.8 million, the highest in the company’s history.

Anwar: Sapura Energy’s Rescue Plan Excludes Former Shareholders

PUTRAJAYA, March 13 (Bernama) -- The Federal Government’s RM1.1 billion capital injection into Sapura Energy Bhd (SEB) did not benefit shareholders or SEB’s management, Prime Minister Datuk Seri Anwar Ibrahim said.

Anwar: Sapura Energy's Capital Injection Provides No Benefit to Shareholders or Management

PUTRAJAYA, March 13 (Bernama) -- The Federal Government’s RM1.1 billion capital injection into Sapura Energy Bhd (SEB) did not benefit shareholders or SEB’s management, Prime Minister Datuk Seri Anwar Ibrahim said.  

Investment In Sapura Energy By MDH To Repay Local Vendors - PNB

KUALA LUMPUR, March 12 (Bernama) -- The investment by Malaysia Development Holding Sdn Bhd (MDH) in Sapura Energy Bhd (SEB) will be exclusively used to repay local vendors, without benefitting any existing SEB shareholders or financial creditors, said Permodalan Nasional Bhd (PNB).

Maintenance Fees: A Snowball That Can Trigger An Avalanche

KUALA LUMPUR, March 12 (Bernama) -- The issue of unpaid maintenance fees is a snowballing crisis, that, if unaddressed, can escalate into a major threat to property value and living conditions.