Bursa Falls Below 1,600 Level, tycoon Ananda Krishnan’s Companies See Shares Decline

KUALA LUMPUR, Nov 28 (Bernama) -- Bursa Malaysia extended its downtrend in mid-afternoon trade with the benchmark index below the crucial 1,600 level as regional markets followed Wall Street’s downbeat performance overnight.

Sime Darby’s Net Profit Soars To RM800 Mln In 1Q FY2025

KUALA LUMPUR, Nov 28 (Bernama) -- Sime Darby Bhd's net profit for the first quarter ended Sept 30, 2024 (1Q FY2025) surged to RM800 million, up from RM589 million in the same period last year.

Reviving HSR Can Solidify Malaysia’s Leadership In Southeast Asia, Says Transportation Expert

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 26 (Bernama) -- Reviving the Kuala Lumpur-Singapore High-Speed Rail (HSR) presents Malaysia with a transformative opportunity to unlock the country’s full economic potential and reinforce its leadership in Southeast Asia, according to transportation think tank My Mobility Vision.

PM Anwar’s Mission To Boost ASEAN Trade And Investment As Chair Of ASEAN

KUALA LUMPUR, Nov 26 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s mission is to enhance ASEAN trade and investment, which he believes are currently insufficient, as Malaysia prepares to assume the ASEAN chairmanship in 2025.

Inaugural WIC Highlights Saudi’s Leadership In Global Investment Opportunities

KUALA LUMPUR, Nov 26 (Bernama) -- The 28th World Investment Conference (WIC) was officially launched today in Riyadh by Invest Saudi and the World Association of Investment Promotion Agencies (WAIPA).

Termination Of DNB-TM SSA Won’t Affect 5G Access For TM Customers - Gobind

KUALA LUMPUR, Nov 26 (Bernama) -- The termination of the share subscription agreement (SSA) between Digital Nasional Bhd (DNB) and Telekom Malaysia Bhd (TM) will not jeopardise 5G access for the latter’s customers, said Digital Minister Gobind Singh Deo.

EMGA Secures US$210 Mln Financing For Brazil’s BTG Pactual 

KUALA LUMPUR, Nov 26 (Bernama) -- Emerging Markets Global Advisory Limited (EMGA) has secured US$210 million debt finance for their long-standing Brazil based client, BTG Pactual (BTG). (US$1=RM4.45)

Anwar Meets South Korea’s Business Tycoons, Eyes More Investments

SEOUL, Nov 26  (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim held a meeting today with several family-owned business tycoons, locally known as "chaebols", as part of efforts to attract more foreign direct investment (FDI) into Malaysia.

Chennai-Penang Flight Opens New Opportunities For State’s Tourism Industry

GEORGE TOWN, Nov 25 (Bernama) -- The launch of the direct flight between Chennai and Penang will open up new opportunities for Penang’s tourism industry, thus enhancing the sector's resilience against risks and boosting the state's competitiveness in the global tourism market. 

AM Best Affirms NongHyup Property and Casualty Insurance’s Ratings

KUALA LUMPUR, Nov 25 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of South Korea’s NongHyup Property and Casualty Insurance Company Limited (NH P&C).

Google, Microsoft Applaud Malaysia’s Approach To Building AI Infrastructure, Roadmap

KUALA LUMPUR, Nov 23 (Bernama) -- Google has applauded Malaysia’s approach to building artificial intelligence (AI) infrastructure under the leadership of Prime Minister Datuk Seri Anwar Ibrahim, with the technology giant investing US$2 billion in the country.

Penang Welcomes HK Express’ Inaugural Flight From Hong Kong

GEORGE TOWN, Nov 22 (Bernama) -- Penang today welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong, marking a milestone in the state’s tourism development.