Malaysia Intensifies Aerospace, Maritime Growth To Strengthen Economic Resilience

KUALA LUMPUR, May 21 (Bernama) -- The Malaysian Investment Development Authority (MIDA) reaffirmed the nation’s commitment to accelerating growth in the aerospace, and shipbuilding and ship repair (SBSR) sectors to strengthen economic resilience.

FBM KLCI Extends Losing Streak For 5th Straight Session

By Siti Radziah Hamzah

KUALA LUMPUR, May 21 (Bernama) -- The FBM KLCI has extended its decline for a fifth consecutive session on Wednesday, underscoring a deepening risk-off sentiment across Malaysia’s equity market, said an analyst.

Petronas Chemicals Shares Slip 4.57 Pct On Weaker 1Q2025 Earnings

KUALA LUMPUR, May 21 (Bernama) -- Petronas Chemicals Group Bhd (PCG) shares slipped by 4.57 per cent in early trading today after reporting weaker earnings for the first quarter ended March 31, 2025 (1Q2025).

China Backs ASEAN-GCC-China Summit, Sees Malaysia As Key Regional Partner

By Kisho Kumari Sucedaram

BEIJING, May 21 (Bernama) -- China has expressed strong support for the upcoming ASEAN-GCC-China Summit, underscoring the importance of enhanced cooperation among Southeast Asia, the oil-ric

SunCon Bags RM260 Mln Contract For Johor Data Centre Project's Final Stage

KUALA LUMPUR, May 20 (Bernama) -- Sunway Construction Group Bhd’s (SunCon) wholly owned subsidiary, Sunway Construction Sdn Bhd, has won a RM260 million data centre project in Johor from K2 Strategic Infrastructure Malaysia Sdn Bhd.

Sunway Construction’s 1Q Net Profit Soars To RM75.71 Mln

KUALA LUMPUR, May 20 (Bernama) -- Sunway Construction Group Bhd’s (SunCon) net profit for the first quarter ended March 31, 2025 (1Q 2025) surged to RM75.71 million, up from RM32.40 million in the same period last year.

Bursa Malaysia Ends Lower In Line With Regional Markets

By Siti Radziah Hamzah

KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia ended lower on Monday, mirroring the lacklustre performance across Asia as weak Chinese economic data and the recent downgrade of the United States’ sovereign credit rating weighed on regional market sentiment.

Malaysia, Saudi Arabia To Strengthen Bilateral Cooperation In Trade, Investment

KUALA LUMPUR, May 19 (Bernama) -- Enhancing bilateral cooperation in investment and trade between Malaysia and Saudi Arabia was the main focus of the meeting between Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz and Saudi Arabia’s Minister of Investment, Khalid Al-Falih.

Malayan Flour Mills Allocates RM215 Mln CAPEX For FY2025

KUALA LUMPUR, May 19 (Bernama) -- Malayan Flour Mills Bhd (MFM) has allocated RM215 million in capital expenditure (capex) for the financial year ending Dec 31, 2025 (FY2025).

1Q GDP Growth In Line With Advance Estimates, Higher Than Previous Corresponding Quarter -- MOF

KUALA LUMPUR, May 16 (Bernama) -- A rousing performance across key economic sectors lifted Malaysia’s gross domestic product (GDP) by 4.4 per cent in the first quarter of 2025 (1Q 2025), in line with the GDP advance estimates and higher than the 4.2 per cent growth recorded in 1Q 2024.

Hextar's Associate Company Wins RM427.50 Mln Contract

KUALA LUMPUR, May 16 (Bernama) -- Hextar Capital Bhd’s (HCB) associate company Transgrid Ventures Sdn Bhd (TGV) has won a RM427.50 million Tenaga Nasional Bhd (TNB) contract to establish a transmission main intake (PMU) 500/275 kilovolt (kV) gas-insulated substation (GIS) in Gurun East, Kedah.

Gamuda's Unit Acquires 148-hectare Land In Selangor For RM248.7 Mln

KUALA LUMPUR, May 16 (Bernama) -- Gamuda Bhd’s wholly-owned subsidiary Gamuda Land (T12) Sdn Bhd is acquiring a 148.11-hectare land parcel in Kuala Langat, Selangor, for a total consideration of RM248.7 million.