IBR Pushes For Energy Efficiency, Modernisation

By M. Saraswathi

KUALA LUMPUR, Nov 26 (Bernama) -- Incentive-Based Regulation (IBR), a bold transformation for Malaysia’s energy sector, is a framework used by regulators to determine efficient costs and their recovery for electricity supply and services.

Malaysia Seeks Advanced Technology, Investments For Rare Earth Processing

KUALA LUMPUR, Nov 28 (Bernama) -- The government will ensure the development of the rare earth element (REE) industry progresses, simultaneously encompassing the upstream and downstream sectors to meet industrial needs, said Economy Minister Rafizi Ramli.

Axiata Returns To Black With RM976.67 Mln Net Profit In 3Q

KUALA LUMPUR, Nov 28 (Bernama) -- Axiata Group Bhd’s net profit for the third quarter ended Sept 30, 2024 (3Q 2024) made a significant turnaround, reaching RM976.67 million from a net loss of RM797.41 million in the same quarter a year ago.

Transport Ministry Forms Committee To Review Maritime Law, Port Acts

KUALA LUMPUR, Nov 28 (Bernama) -- The Transport Ministry has formed the Malaysia Maritime Law Revision Committee (MLRC) to review and update the Merchant Shipping Ordinance (MSO) 1952 and the respective Port Acts to ensure they remain relevant and effective in the face of evolving industry practices, international standards, and maritime treaties, said its minister, Anthony Loke Siew Fook.

Tropicana Corp's 3Q Net Loss Surges To RM454.93 Mln

KUALA LUMPUR, Nov 27 (Bernama) -- Tropicana Corporation Bhd’s net loss surged to RM454.93 million in the third quarter (3Q) ended Sept 30, 2024, from RM10.34 million net loss recorded in the same period last year.

Renewable Energy Among The Focuses Of JS-SEZ Development

KUALA LUMPUR, Nov 27 (Bernama) -- The renewable energy industry will be one of the main focuses in the Johor-Singapore Special Economic Zone (JS-SEZ) development which is expected to significantly benefit both countries.

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.

Reviving HSR Can Solidify Malaysia’s Leadership In Southeast Asia, Says Transportation Expert

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 26 (Bernama) -- Reviving the Kuala Lumpur-Singapore High-Speed Rail (HSR) presents Malaysia with a transformative opportunity to unlock the country’s full economic potential and reinforce its leadership in Southeast Asia, according to transportation think tank My Mobility Vision.

Kerjaya Prospek Property To Continue Expanding Its Land Bank

KUALA LUMPUR, Nov 26 (Bernama) -- Kerjaya Prospek Property Bhd will continue to pursue strategic land acquisitions and expand its land bank, driven by the group's currently robust and resilient financial position while ensuring seamless progress on future development projects.

Hibiscus Petroleum's Brunei Acquisition To Contribute To Earnings Starting FY2025

By Siti Radziah Hamzah

KUALA LUMPUR, Nov 26 (Bernama) -- Hibiscus Petroleum Bhd's acquisition of TotalEnergies in Brunei will start to contribute to its earnings from the financial year ending June 30, 2025 (FY2025), said managing director Dr Kenneth Pereira. 

Malaysia's Digital Economy To Reach US$31 Bln In 2024 - Report

KUALA LUMPUR, Nov 26 (Bernama) -- Malaysia's digital economy is poised to reach US$31 billion (RM138.4 billion) in gross merchandise value (GMV) in 2024, an increase of 16 per cent from 2023. 

Perak Has Potential To Be Good Contributor To National Economy - Rafizi

IPOH, Nov 25 (Bernama) -- Perak has good potential to be a contributor to the national economy compared to other states, Economic Affairs Minister Rafizi Ramli said.