ALR Aims To Diversify Revenue, Ease Congestion To Accelerate Sukuk Repayment

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 16 (Bernama) -- Amanat Lebuhraya Rakyat Bhd (ALR) aims to diversify its revenue stream and reduce traffic congestion in the short term to achieve greater business growth and expedite its RM5.5 billion sukuk repayment.

Vimeo Snapped Up By Bending Spoons In Nearly US$1.38 Bln All-cash Deal

KUALA LUMPUR, Sept 11 (Bernama) -- Vimeo Inc, a video platform for business, has entered into a definitive agreement to be acquired by Bending Spoons in an all-cash transaction valued at approximately US$1.38 billion. (US$1=RM4.20)

Oceancash Pacific To Acquire PCCCSB For RM13.42 Mln

KUALA LUMPUR, Sept 10 (Bernama) -- Oceancash Pacific Bhd (OPB) has entered into a conditional share sale agreement (SSA) with Paragon Union Bhd to acquire Paragon Car Carpets & Components Sdn Bhd (PCCCSB) for RM13.42 million.

Farm Fresh Optimistic On Profit Growth With Expansion In Asean Markets

KUALA LUMPUR, Sept 9 (Bernama) -- Johor-based dairy product specialist Farm Fresh Bhd remains optimistic about its profit growth next year, supported by steady progress in both local and overseas projects.

Axis-REIT Acquires Industrial Property In Port Klang For RM50 Mln 

KUALA LUMPUR, Sept 4 (Bernama) -- Axis Real Estate Investment Trust's (Axis-REIT) trustee, RHB Trustees Bhd, has entered into a sale and purchase agreement to acquire an industrial property from Barry Callebaut Malaysia Sdn Bhd for RM50 million.

AM Best Places Sompo Group Ratings Under Review Following Aspen Acquisition

KUALA LUMPUR, Sept 2 (Bernama) -- AM Best has placed under review with positive implications the financial strength rating (FSR) of A+ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc (SJ) and its subsidiaries.

Northstar To Join JTB Corp In Strategic Acquisition Deal

KUALA LUMPUR, Aug 29 (Bernama) -- Northstar Travel Group (Northstar), a powerhouse in business-to-business (B2B) travel industry events, media, and information services, is set to be acquired by JTB Corp, one of Japan’s leading travel solutions providers.

KLCCP Posts Higher Net Profit Of RM200.45 Mln In 2Q 2025

KUALA LUMPUR, Aug 27 (Bernama) -- KLCC Property Holdings Bhd (KLCCP) posted a higher net profit of RM200.45 million in the second quarter ended June 30, 2025 (2Q 2025) compared to RM191.06 million in the same period a year ago. 

EdgeconneX Doubles Down With Second 150MW Data Centre In Greater Osaka

KUALA LUMPUR, Aug 27 (Bernama) -- EdgeConneX has announced the acquisition of its second data centre site in the Greater Osaka and Yawata areas of Japan, bringing its total data centre platform capacity to 350 megawatts (MW) of utility power, further highlighting the region's significant scalability potential.

Hong Leong Financial Group Posts Higher FY2025 Net Profit Of RM3.25 Bln

KUALA LUMPUR, Aug 27 (Bernama) -- Hong Leong Financial Group Bhd’s (HLFG) net profit for the financial year ended June 30, 2025 (FY2025) rose to RM3.25 billion from RM3.19 billion in the previous financial year, driven by improved performance of commercial banking and insurance.

FGV Delisting Gives Felda Greater Latitude To Focus On Settlers' Returns, Shareholder Value

KUALA LUMPUR, Aug 27 (Bernama) – FGV Holdings Bhd will be delisted from Bursa Malaysia tomorrow, a move that will give greater latitude to one of the world’s largest crude palm oil producers to strategise and focus mainly on providing greater returns to settlers and value to shareholders.

Malaysia’s Global Business Services Sector Leverage AI To Provide Higher Value Services

By Wong Cheng Hau

KUALA LUMPUR, Aug 21 (Bernama) -- About 40 per cent of the 120,000 jobs in Malaysia’s global business services (GBS) sector will be using artificial intelligence (AI) to move towards higher-value services.