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Penang MICE Sector Surges With Estimated Economic Impact Of RM1.91 Bln In 2025

GEORGE TOWN, March 2 (Bernama) -- Meetings, Incentives, Conferences, and Exhibitions (MICE) activities in Penang generated about RM1.91 billion in estimated economic impact (EEI) for 2025, a significant 47.7 per cent increase compared to 2024.

India’s ICICI Lombard Outlooks Revised To Positive - AM Best

KUALA LUMPUR, March 2 (Bernama) -- Global credit rating agency, AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term issuer credit rating (Long-Term ICR) of “bbb+” (Good) of India’s ICICI Lombard General Insurance Company Limited (ICICI Lombard).

FMM Urges SME-Centric Incentives To Boost Innovation, Supply Chains

KUALA LUMPUR, Feb 27 (Bernama) -- The Federation of Malaysian Manufacturing (FMM) has called for stronger innovation capabilities among small and medium enterprises (SMEs) and Tier-1 and Tier-2 suppliers to support upgrading, localisation and participation in global value chains.

MAHB Imposes RM9.1 Mln Penalty On IJMC-Pestech JV Over KLIA Aerotrain -- MOT

KUALA LUMPUR, Feb 26 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) has imposed a ‘Liquidated and Ascertained Damages’ (LAD) penalty of RM9.1 million on the contractors, ALSTOM IJM Construction Sdn Bhd and Pestech Technology Sdn Bhd (IJMC-Pestech Joint Venture).

FMM Partners Four Universities To Drive Shift From OEM To OBM

KUALA LUMPUR, Feb 26 (Bernama) — The Federation of Malaysian Manufacturing (FMM) has signed memoranda of understanding (MoUs) with four universities to encourage local manufacturers to transition from original equipment manufacturers (OEM) to original brand manufacturers (OBM).

Capital A Posts RM13.03 Bln FY2025 Net Profit Following Disposal of Aviation Business

KUALA LUMPUR, Feb 25 (Bernama) -- Capital A Bhd reported a net profit of RM13.03 billion for the financial year ended Dec 31, 2025 (FY2025), from a net loss of RM501.24 million in the previous year, reflecting the disposal of its aviation business, with segmental reporting distinguishing between continuing operations and discontinued operations.

Hangzhou Renames Metro Stations To Boost Yuhang Smart Manufacturing Hub

KUALA LUMPUR, Feb 25 (Bernama) -- The Hangzhou Municipal Government has recently approved the official names for five stations along Metro Line 10 and the Hangzhou-Deqing Intercity Railway (Yuhang Section), including two stations within the core area of the Yuhang Economic Development Zone.

Polyplastics Develops Recycled PLASTRON LFT Grades

KUALA LUMPUR, Feb 25 (Bernama) -- Polyplastics Co Ltd has developed two new PLASTRON long-fibre thermoplastic (LFT) grades made with post-consumer recycled (PCR) polypropylene (PP), delivering mechanical performance equivalent to virgin material products.

Pos Malaysia Records Net Loss Of RM209.26 Mln In FY2025

KUALA LUMPUR, Feb 23 (Bernama) -- Pos Malaysia Bhd posted a net loss of RM209.26 million in the financial year ending Dec 31, 2025 (FY2025), compared to a net loss of RM202.67 million in FY2024.

Mavenir, Red Hat Partner On-Premise AI For Telecom Networks

KUALA LUMPUR, Feb 23 (Bernama) -- Mavenir, the software company building artificial intelligence (AI)-by-design mobile networks, has partnered with Red Hat to deliver Conversational AI and Agentic AI service assurance solutions using Red Hat AI.

Cape EMS Returns To Profit, Taps Johor Data Centre For Growth

KUALA LUMPUR, Feb 19 (Bernama) -- Cape EMS Bhd will prioritise consistent profitability and disciplined execution over the next 12 to 24 months under its strategic transformation roadmap, CEB 2.0.

NIMP 2030 Integrates Quality Benchmarks On Higher Value-added Job Creation - Economist 

KUALA LUMPUR, Feb 20 (Bernama) -- The New Industrial Master Plan (NIMP) 2030 integrates clear quality benchmarks by refocusing employment targets on higher value-added job creation, said an economist.