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Kenanga Investment Bank Expects Rise In Demand For Cloud Services Due To Data Centre Investments

KUALA LUMPUR, Nov 4 (Bernama) -- Kenanga Investment Bank Bhd anticipates a rise in demand for cloud services, including graphics processing units-as-a-service pioneered by Maxis Bhd locally, as global cloud service providers continue to invest heavily in data centres, cloud, and artificial intelligence (AI) infrastructure in Malaysia.

EIG, Saudi-based Hassana Ink Deal For Middle East Energy Transition Projects

KUALA LUMPUR, Nov 4 (Bernama) -- Institutional investor to the global energy and infrastructure sectors, EIG, and Hassana Investment Company (Hassana), have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East.

Xiangtan Kicks Off Cultural Tourism, Business Conference In Shaoshan County

KUALA LUMPUR, Nov 1 (Bernama) -- The Third Xiangtan Tourism Development Conference and the Fourth Tan Business Conference were held in Shaoshan, Xiangtan city, Hunan Province, from Oct 28 to 29, which combined "cultural tourism" and "Tan businessmen".

Bursa Malaysia 3Q Net Profit Rises 42 Pct To RM85.7 Mln

KUALA LUMPUR, Oct 30 (Bernama) -- Bursa Malaysia Bhd's net profit for the third quarter (3Q) ended Sept 30, 2024, increased by 41.9 per cent to RM85.74 million from RM60.41 million in the same period last year.

Black & Veatch Touts Sustainable Water Management Practices At IMARC 2024

KUALA LUMPUR, Oct 29 (Bernama) -- Asia Pacific’s mining industry can accelerate the adoption of more sustainable water management practices to protect freshwater resources for the local community while ensuring a more resilient and reliable water future, according to Black & Veatch, a global leader in critical human infrastructure solutions.

Juwai IQI: Chinese Capital Moving Away From G7 Economies, Coming Back To Asia

KUALA LUMPUR, Oct 29 (Bernama) -- International real estate technology group Juwai IQI said that Chinese capital is moving away from the Group of Seven (G7) economies and coming back to Asia, especially Southeast Asia, where Malaysia and its neighbours are some of the biggest beneficiaries of the Chinese pivot to Asia.

Budget 2025 Maintains Gradual Fiscal Consolidation Approach - Fitch Ratings

KUALA LUMPUR, Oct 29 (Bernama) -- Malaysia’s Budget 2025 reaffirms a commitment towards gradual fiscal consolidation from a high debt level compared with peers, according to Fitch Ratings. 

ECERDC To Continue Efforts To Attract High-value Investments To PTP, GHP

KUALA LUMPUR, Oct 28 (Bernama) -- The government, through the East Coast Economic Region (ECER) Development Council (ECERDC), will continue to focus on attracting private investments and realising high-value investment projects in the region, especially the Pahang Technology Park (PTP) and Gambang Halal Park (GHP).

Malaysia’s BRICS Membership Could Boost Trade, Global Influence - Academicians

KUALA LUMPUR, Oct 28 (Bernama) -- Malaysia’s inclusion as a partner country in the BRICS alliance could facilitate stronger economic ties with countries like China and India, both of which are already major trading partners.

Meta Bright's Units Secure RM43.85 Mln Banking Facilities From HLB

KUALA LUMPUR, Oct 28 (Bernama) -- Meta Bright Group Bhd's (MBGB) subsidiaries, Expogaya Sdn Bhd (EXPO) and Jesselton Concrete Sdn Bhd (Jesselton Concrete) have secured banking facilities totalling RM43.85 million from Hong Leong Bank Bhd (HLB) to boost the company’s concrete business segment growth.

China's Beidou Navigation System Boosts Industry, Global Cooperation

KUALA LUMPUR, Oct 28 (Bernama) -- The third International Summit on Beidou Navigation Satellite System (BDS) Applications, which kicked off in Zhuzhou, east-central China’s Hunan Province, from Oct 24 to 25, witnessed the signing and announcement of 142 projects with a total investment of 58.2 billion Chinese yuan. (100 Chinese yuan = RM61.14)

Digital Games Industry Generates RM45 Mln In Sales And Exports Since 2014 - Gobind

KUALA LUMPUR, Oct 28 (Bernama) -- Malaysia's digital game industry has recorded sales and export revenue of RM45 million from government funds between 2014 and 2024, said Digital Minister Gobind Singh Deo.