MISC Bhd’s 3Q Net Profit Eases To RM338.90 Mln In 3Q 2024
KUALA LUMPUR, Nov 14 (Bernama) -- MISC Bhd’s net profit eased to RM338.90 million in the third quarter ended Sept 30, 2024 (3Q 2024) from RM430.40 million in 3Q 2023.
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Credit Growth Of Malaysian Banks To Improve To 6.0 Pct In 2025 - S&P Global
KUALA LUMPUR, Nov 14 (Bernama) -- The credit growth of banks in Malaysia is projected to improve to 6.0 per cent in 2025, benefiting from higher economic growth and an increase in corporate demand led by key infrastructure projects, according to S&P Global.
Repatriate Foreign Investment Income, Without Selling Overseas Assets -- Amir Hamzah
KUALA LUMPUR, Nov 12 (Bernama) -- The government's concerted measure to encourage government-linked companies (GLCs), government-linked investment companies (GLICs) and corporates to consistently repatriate foreign investment income and convert them into ringgit does not involve the sale of assets and their investments abroad.
EPF Reports RM19.67 Bln Investment Income In 3Q
KUALA LUMPUR, Nov 11 (Bernama) -- The Employees Provident Fund’s (EPF) investment income rose by RM5 billion to RM19.67 billion in the third quarter (3Q) of 2024, from RM14.67 billion in 3Q 2023.
Siemens Energy Group Explores Hydrogen Tech Integration In TNB Power Generation Plants
By Siti Radziah Hamzah
KUALA LUMPUR, Nov 11 (Bernama) -- Siemens Energy Pte Ltd and Tenaga Nasional Bhd (TNB) are exploring the integration of the national utility’s large-scale power generation plants with hydrogen.
Kerjaya Prospek Unit Partners With Aspen Vision For New Development Project In Penang
KUALA LUMPUR, Nov 11 (Bernama) -- Kerjaya Prospek Group Bhd’s wholly-owned subsidiary, Futuprop Sdn Bhd, has entered into a joint venture (JV) cum shareholders’ agreement (JVSHA) with Aspen Vision Development Sdn Bhd to undertake a mixed development on a 33.52-hectare land in Penang, via Rivanis Ventures Sdn Bhd.
Destini's Unit Bags RM33.05 Mln Contract For Airborne Equipment Maintenance
KUALA LUMPUR, Nov 11 (Bernama) -- Destini Bhd's wholly owned subsidiary, Destini Prima Sdn Bhd (DPSB) has secured a RM33.05 million contract from the Ministry of Defence to provide maintenance services for safety and survival equipment for airborne equipment.
Fadillah Assures Careful Review Before Nuclear Power Commitment
KUALA LUMPUR, Nov 11 (Bernama) -- The Energy Transition and Water Transformation Ministry (PETRA) has assured that the government will carefully deliberate before making any decisions to embark on nuclear power development, Deputy Prime Minister Datuk Seri Fadillah Yusof said.
Labuan FSA Advances Islamic Fintech, Captive Insurance With Shariah Blockchain, Zero-tax Incentive
By Jailani Hasan
LABUAN, Nov 8 (Bernama) -- The Labuan Financial Services Authority (Labuan FSA) is strengthening its digital and Islamic finance landscape with the launch of a Shariah-compliant blockchain masterplan and new tax incentives, aiming to transform Labuan into a leading digital financial hub.
Lantronix Expands 5G Portfolio With US$6.5 Mln NetComm Acquisition
KUALA LUMPUR, NOV 8 (Bernama) -- Lantronix Inc has signed a definitive agreement to acquire from NetComm Wireless Pty Ltd (NetComm), a subsidiary of DZS Inc, all of the assets of its enterprise Internet of Things (IoT) business for US$6.5 million in cash together with assumptions of certain liabilities. (US$1=RM4.38)
Labuan’s IDAC on Track To Achieve US$1 Bln In Shariah-compliant digital Assets
LABUAN, Nov 8 (Bernama) -- Labuan’s Islamic Digital Asset Centre (IDAC), launched in 2022, has marked major milestones, with digital assets now collectively valued at US$820 million.
Terengganu Inc, MB Holding LLC Sign MoUs On Potential Industrial Cooperation
KUALA TERENGGANU, Nov 8 (Bernama) -- The Terengganu government's strategic holding investment company Terengganu Incorporated Sdn Bhd (Terengganu Inc) signed two memoranda of understanding (MoUs) with MB Holding LLC from Oman for the purpose of exploring potential industrial cooperation in the state.