TM Seen As Among Beneficiaries Of Booming It Market

KUALA LUMPUR, Nov 27 (Bernama) -- Public Investment Bank Bhd (PIVB) sees Telekom Malaysia Bhd (TM) as among beneficiaries of the booming information technology (IT) market as major cloud and internet companies would also demand greater terrestrial connectivity as well as global subsea cable networks.

Sunway's Share Price Slightly Down Despite Strong 3Q Earnings

KUALA LUMPUR, Nov 27 (Bernama) -- Demand for Sunway Bhd’s shares remained limited in early trade today despite its strong earnings growth recorded in the third quarter of financial year 2024 (3Q FY2024) earnings growth.

Targeted Diesel Subsidy Rationalisation Not Main Driver Of Rising Manufacturing Costs - MOF

KUALA LUMPUR, Nov 26 (Bernama) -- The Ministry of Finance (MoF) has emphasised that the targeted rationalisation of diesel subsidies starting in June 2024 is not the main cause of the rise in costs of goods in the manufacturing sector, which led to the decline in the Purchasing Managers’ Index (PMI) in July 2024.

Cambodia Is Now A Competitive Investment Destination In Asean, Says Hun Manet

PHNOM PENH, Nov 26 (Bernama) -- Cambodian Prime Minister Hun Manet today invited foreign investors to join the nation’s transformation process and assured the Kingdom is an exciting investment destination in ASEAN.

MAHB Posts Higher 3Q Net Profit Of RM210.37 Mln

KUALA LUMPUR, Nov 26 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) posted a higher net profit of RM210.37 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM94.76 million in the same period last year.

Govt Has Never Neglected Investments In Kedah -- PM Anwar 

From Mohd Shukri Ishak

SEOUL, Nov 26 (Bernama) -- The government has never neglected investments in Kedah, it has even suggested to Hyundai Motor and supported its investment in Kulim, said Prime Minister Datuk Seri Anwar Ibrahim.

Malayan Cement's Net Profit Rises To RM139.44 Mln In 1Q FY2025

KUALA LUMPUR, Nov 26 (Bernama) -- Malayan Cement Bhd reported a higher net profit for the first quarter ended Sept 30, 2024 (1Q FY2025), increasing to RM139.44 million, compared to RM96.10 million in the same period in 2023.

Hyundai To Invest RM2.16 Bln In Malaysia Through Strategic Partnership With INOKOM

From Mohd Shukri Ishak

SEOUL, Nov 26 (Bernama) -- Hyundai Motor will start a strategic partnership with INOKOM for the automotive assembly of several new models in Malaysia next year through an investment worth RM2.16 billion.

ACE Market-bound Winstar Capital Targets RM19.79 Mln From IPO

KUALA LUMPUR, Nov 26 (Bernama) -- Aluminium products manufacturer Winstar Capital Bhd, en route to a listing on Bursa Malaysia’s Ace Market on Dec 19, 2024, aims to raise RM19.79 million through its initial public offering (IPO).

Tax Incentives Considered To Draw Investors To Build SAF Production Hub - Johari Ghani

KUALA LUMPUR, Nov 26 (Bernama) -- The Plantation and Commodities Ministry (KPK) is considering several tax incentives to attract investors into Malaysia to build a production hub for sustainable aviation fuel (SAF).

TD Furniture Eyes 30 Pct Growth With AI, Smart Factory Tech

From Syamsiah Sahat

GUANGZHOU, Nov 26 (Bernama) -- TD Furniture Group, a leading Malaysian manufacturer of sofas and cabinets, is set to ramp up production by as much as 30 per cent, a move poised to add approximately RM7.0 million to its bottom line next year.

Bursa Malaysia Maintains Positive Momentum To Close Higher, CI Up 0.48 Pct

By Zarul Effendi Razali

KUALA LUMPUR, Nov 25 (Bernama) -- Bursa Malaysia maintained its upward momentum throughout the trading session today to close off its day’s high, buoyed by persistent buying in selected heavyweights led by financial services counters, amid the mostly upbeat performance in regional bourses.