Banking Sector Thriving In 2024, Sees Major Acquisitions

By Karina Imran

KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.

Buoyant Year For Port Operators, Shipping Industry But Challenges Persist

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 18 (Bernama) -- It has been a strong year for ports in Malaysia as operators pushed ahead with capital-intensive infrastructure upgrading works and rode on the wave of e-commerce growth as well as rising global trade to maintain their competitiveness.

Malaysia, Turkmenistan To Strengthen Ties, Petronas Central To Relationship

PUTRAJAYA, Dec 19 (Bernama) – Turkmenistan and Malaysia are poised to strengthen bilateral economic cooperation, focusing on energy, trade, and innovation, said Turkmenistan President Serdar Berdimuhamedow.

MRL, CCCECRL Jointly Operate And Maintain ECRL Project

PUTRAJAYA, Dec 18 (Bernama) -- Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction (ECRL) Sdn Bhd (CCCECRL) today created an operating company (OpCo) with a 50:50 interest ratio for the purpose of operating and maintaining the East Coast Rail Link (ECRL) project.

China's Palm Oil Players Invited To Explore Opportunities In Malaysia

KUALA LUMPUR, Dec 18 (Bernama) -- Malaysia is inviting China's palm oil companies to explore opportunities in the domestic industry.

Hong Kong-Taipei Is 2024 World's Busiest International Airline Route, says OAG

KUALA LUMPUR, Dec 18 (Bernama) -- The Hong Kong (HKG) to Taipei (TPE) route has been revealed as the world’s busiest international route in 2024, according to a latest analysis by OAG.

MALAYSIA ACCELERATES EV GROWTH WITH CHINA COLLABORATION TO BOOST REGIONAL HUB AMBITIONS

KUALA LUMPUR, Dec 17 (Bernama) -- Malaysia’s electric vehicle (EV) industry is accelerating, with over 100,000 electrified vehicles recorded and more than 3,300 charging stations established nationwide to date, positioning the country as a key regional hub for EV innovation. 

AM Best Affirms Petrolimex Insurance Ratings With Stable Outlook

KUALA LUMPUR, Dec 6 (Bernama) -- Global credit rating agency, AM Best has affirmed Vietnam’s Petrolimex Insurance Corporation (PJICO) financial strength rating of B++ (good), the long-term issuer credit rating of “bbb” (good), and the country National Scale Rating (NSR) of aaa.VN (exceptional).

Koprojaya Focusing On Strategic Investments To Sustain Its Future

By Norsyafawati Ab Wahab

KUALA LUMPUR, Dec 3 (Bernama) -- Koperasi Profesional Putrajaya Bhd (Koprojaya), a cooperative for young civil servants, is focusing on strategic investments to sustain its future, as well as providing investment benefits and attractive business opportunities to its members.

Northport Announces Leadership Appointments, Including Fakhrul Azhar as CEO

KUALA LUMPUR, Dec 2 (Bernama) -- Northport (Malaysia) Bhd has announced the appointment of three senior leaders, including Fakhrul Azhar Tajudin as its new chief executive officer (CEO), effective Dec 1, 2024.

Asia Digital Engineering Well-placed To Seek Listing Due To Strong Earnings, Strategic Growth

SEPANG, Dec 2 (Bernama) -- Maintenance, repair and overhaul (MRO) service provider Asia Digital Engineering Sdn Bhd (ADE) is set to chalk up significantly higher revenue next year, which will position it well financially to seek listing sooner rather than later.

TNB Shares Down In Early Session Despite Posting Stronger 3Q Net Profit

KUALA LUMPUR, Dec 2 (Bernama) -- Tenaga Nasional Bhd’s (TNB) share prices on Bursa Malaysia slipped in today’s early session despite posting a stronger performance in the third quarter (3Q) of financial year 2024.