MR D.I.Y. 's Net Profit Rises To RM174.15 Mln In 1Q

KUALA LUMPUR, May 5 (Bernama) -- MR D.I.Y. Group (M) Bhd’s net profit rose to RM174.15 million for the first quarter (1Q) ended March 31, 2025, from RM144.88 million in the same period last year.

CIMB Bank To Purchase 16 Properties From EPF For RM210 Mln

KUALA LUMPUR, May 2 (Bernama) -- CIMB Group Holdings Bhd’s wholly-owned subsidiary CIMB Bank Bhd will purchase 16 properties from the Employees Provident Fund (EPF) for a total cash consideration of RM209.81 million. 

AKWEL Q1 Revenue Slips 4.0 Pct On Weak Auto Output, 2025 Outlook Unchanged

KUALA LUMPUR, May 2 (Bernama) -- AKWEL, a French automotive parts supplier specialising in fluid management and components for electric vehicles, posted first-quarter (QI) 2025 revenue of 255.6 million euros, down 4.0 per cent on a like-for-like basis as global auto production weakened in most key markets outside China and Japan. (1 Euro = RM4.87)

Labuan IBFC Records Robust Growth Across Key Sectors In 2024

KUALA LUMPUR, April 30 (Bernama) -- The Labuan International Business and Financial Centre (Labuan IBFC) recorded robust growth across key sectors in 2024, with developments driven by regulatory adaptability and market innovation.

U Mobile Appoints CT Sabah As 5G Circuit Leasing Partner

KUALA LUMPUR, April 24 (Bernama) -- U Mobile Sdn Bhd has signed a term sheet agreement to appoint Celcom Timur Sabah (CT Sabah) to deploy 5G leased circuits in Sabah and the Federal Territory of Labuan.

MAG Sees Opportunity In China’s Boeing Delivery Halt

By Karina Imran

KUALA LUMPUR, April 20 (Bernama) -- Malaysia Aviation Group (MAG) is exploring the possibility of accelerating its Boeing aircraft acquisition timeline, following delivery slots potentially vacated by Chinese carriers due to the ongoing United States (US)-China trade war. 

Anwar Says China Remains Malaysia's Key Partner As Turbulence Hits Global Trade

PUTRAJAYA, April 16 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has reiterated that China remains Malaysia's most significant trading partner, more so with the global trading system being thrown into disarray and market access being weaponised following the imposition of debilitating tariffs on 168 countries including both Malaysia and China.

Seveno Capital Commits US$70 Mln To Advance Human Health Span Initiatives

KUALA LUMPUR, April 16 (Bernama) -- Venture capital fund, Seveno Capital has officially launched by making an inaugural investment in its mission to back early- and growth-stage ventures that have the holistic potential to extend the human health span.

KPJ Healthcare Sells Properties To Al-`Aqar REIT For RM241 Mln

KUALA LUMPUR, March 27 (Bernama) -- KPJ Healthcare Bhd’s wholly owned subsidiaries entered into two separate conditional sale and purchase agreements to dispose of properties to Al-’Aqar Healthcare REIT for RM241 million.

LSH Capital Secures 20-year Lease To Manage KL Tower

KUALA LUMPUR, March 26 (Bernama) -- Lim Seong Hai Capital Bhd (LSH Capital) has signed a 20-year lease agreement with the Federal Lands Commissioner to modernise and manage one of Malaysia’s most iconic landmarks, the Kuala Lumpur Tower (KL Tower), and its surrounding areas.

Astro Net Profit Surges Over Threefold To RM129.15 Mln In FY2025

KUALA LUMPUR, March 25 (Bernama) -- Astro Malaysia Holdings Bhd’s net profit for the financial year ended Jan 31, 2025 (FY2025) surged over threefold to RM129.15 million from RM36.88 million in the previous year. 

AME Elite To Sell 3 Industrial Properties In Johor For RM100.8 Mln To AME REIT

KUALA LUMPUR, March 24 (Bernama) -- AME Elite Consortium Bhd has proposed to sell three industrial properties in Johor, totalling 3.579 hectares, to AME Real Estate Investment Trust (AME REIT) for RM100.8 million in a related party transaction.