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.
KUALA LUMPUR, Nov 26 (Bernama) -- Kuala Lumpur Kepong Bhd’s (KLK) net profit for the financial year ended Sept 30, 2024 (FY2024), declined 29.2 per cent to RM590.961million from RM834.26 million in the preceding year due to tax losses not recognised and exceptional losses.
KUALA LUMPUR, Nov 22 (Bernama) -- Investment in oil and gas exploration has plummeted two-thirds in the last decade, but according to Wood Mackenzie's latest Horizons report, the sector remains crucial for decarbonisation and providing advantaged barrels in the energy transition.
KUALA LUMPUR, Nov 13 (Bernama) -- Johor Plantations Group Bhd’s net profit rose to RM77.11 million for the third quarter ended Sept 30, 2024 (3Q 2024) from RM68.28 million in the same period last year.
By Danni Haizal Danial Donald
KUALA LUMPUR, Nov 7 (Bernama) -- The Kuala Lumpur rubber market continued to close mixed on Thursday, supported by the uptrend in regional rubber futures markets and encouraging Chinese economic data amid China’s affirmation to sustain its economic recovery, a dealer said.
KUALA LUMPUR, Oct 28 (Bernama) -- Demand for green buildings in Malaysia is projected to surge significantly in the coming years, potentially reaching around 10 million square feet annually.
KUALA LUMPUR, Oct 28 (Bernama) -- Sorento Capital Bhd is set to expand into new construction and renovation markets by targeting additional building segments, including affordable housing, hotels and office buildings, following its debut on the ACE Market of Bursa Malaysia today.
KUALA LUMPUR, Oct 20 (Bernama) -- Bizapp Ventures Sdn Bhd (BIZAPP) and Selangor Menteri Besar (Incorporated) (MBI) have signed a Memorandum of Cooperation, aimed at empowering 50,000 Micro, Small, and Medium Enterprises (MSMEs) in Selangor to transition to digital operations, over the next five years.
By Danni Haizal Danial Donald
KUALA LUMPUR, Oct 17 (Bernama) -- The Kuala Lumpur rubber market ended slightly higher on Thursday, supported by gains in the benchmark crude oil prices and weaker ringgit against the United States (US) dollar, a dealer said.
KUALA LUMPUR, Oct 16 (Bernama) -- Crude palm oil (CPO) prices are expected to remain stable above RM4,000 per tonne in October despite ongoing market fluctuations, according to the Malaysian Palm Oil Council (MPOC).
KUALA LUMPUR, Oct 11 (Bernama) -- Top Glove Corporation Bhd’s sales volume growth momentum is expected to be sustained into 2025 due to increased inventory restocking and potential shifts in trade caused by United States (US) tariffs on China, said RHB Research.
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Oct 10 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued their downtrend today to close mostly lower for the third consecutive day amid signs of higher stock levels in the country following the Malaysian Palm Oil Board’s (MPOB) September 2024 data release, a trader said.
