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EIG’s MidOcean Energy Wraps Up Stake Purchase In Peru LNG

KUALA LUMPUR, Oct 25 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, announced the completion of its previously announced agreement to acquire an additional 15 per cent interest in Peru LNG (PLNG) from Hunt Oil Company (Hunt).

CapitaLand Malaysia Trust Posts Higher 3Q Net Profit

KUALA LUMPUR, Oct 24 (Bernama) -- Capitaland Malaysia Trust (CLMT) registered a higher net profit of RM30.23 million in the third quarter ended Sept 30, 2024 (3QFY2024) compared with RM27.78 million recorded in the same period a year ago.

Capital A Proposes Capital Reduction Of Up To RM6 Bln

KUALA LUMPUR, Oct 23 (Bernama) -- Capital A Bhd has proposed to reduce its issued share capital by up to RM6 billion as part of a regularisation plan to exit its Practice Note 17 (PN17) status. 

BNM's International Reserves At US$119.6 Bln As At Oct 15, 2024

KUALA LUMPUR, Oct 22 (Bernama) -- Malaysia’s international reserves stood at US$119.6 billion (US$1=RM4.30) as at Oct 15, 2024, compared to US$119.7 billion on Sept 30, 2024.

TNB To See Continuous Stable Returns From Hydropower Plants Via HLEP -- RHB IB

KUALA LUMPUR, Oct 22 (Bernama) -- Tenaga Nasional Bhd (TNB) is expected to see continuous stable returns from its hydropower plants following the implementation of the Hydro Life Extension Programme (HLEP), according to RHB Investment Bank Bhd (RHB IB).

Budget 2025 To Balance Between Fostering Economic Growth And Strengthening Currency- RHBAM

KUALA LUMPUR, Oct 22 (Bernama) -- The Budget 2025 is expected to maintain a balance between fostering economic growth and strengthening the currency, said RHB Asset Management Sdn Bhd (RHBAM).

TNB’s Solid Financial Footing Critical For Its Service To The Rakyat

By M. Saraswathi

KUALA LUMPUR, Oct 22 (Bernama) -- For a utility company such as Tenaga Nasional Bhd (TNB), a solid financial position, underpinned by a healthy balance sheet, low debt, and strong cash flow, enables it to allocate capital towards infrastructure upgrades, research and development, and operational improvements that benefit end consumers.

Ringgit Opens Flat Vs US Dollar Amid Cautious Economic Sentiment

By Zarul Effendi Razali

KUALA LUMPUR, Oct 22 (Bernama) -- The ringgit opened nearly flat against the US dollar on Tuesday, as cautious sentiment surrounding the current economic outlook saw some investors turn to safe-haven assets, an economist said.

Budget 2025: RM470 Mln In Financing Key To Supporting, Growing Women SME Entrepreneurs

KUALA LUMPUR, Oct 20 (Bernama) -- The allocation of RM470 million for financing funds aimed at supporting women-led micro, small and medium enterprises (MSMEs) will play a crucial role in assisting women entrepreneurs in securing working capital, acquiring assets, and expanding their business capacity to higher levels.

Gold Futures Likely To Be Bullish Next Week

KUALA LUMPUR, Oct 19 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to be bullish next week, driven by expectations of a prolonged low-interest rate environment globally, an analyst said.

Budget 2025: RM1.8 Billion Allocated For New Ships To Strengthen MMEA Capabilities

KUALA LUMPUR, Oct 18 (Bernama) -- The government's announcement of RM1.8 billion for three new ships for the Malaysian Maritime Enforcement Agency (MMEA) in Budget 2025 comes at a critical time, given the agency's current asset constraints in safeguarding national waters.

Budget 2025: Govt Allocates RM470 Mln To Empower Women's Participation In PMKS

KUALA LUMPUR, Oct 18 (Bernama) - The government allocated RM470 million for financing funds provided by SME Bank, Bank Simpanan Nasional, Bank Rakyat and MARA to support women's micro, small and medium enterprises (PMKS) obtain working capital, purchase assets and increase business capacity to a higher level.