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Padini Initiates Internal Review Into MACC Account Freeze

KUALA LUMPUR, April 25 (Bernama) -- Garment retailer Padini Holdings Bhd has commenced an internal review to assess the circumstances surrounding the freezing of certain identified bank accounts belonging to the company and its subsidiaries by the Malaysian Anti-Corruption Commission (MACC). 

MACC Freezes Certain Bank Accounts of Padini, Subsidiaries Over Ongoing Probe

KUALA LUMPUR, April 24 (Bernama) -- The Malaysian Anti-Corruption Commission (MACC) has frozen certain bank accounts of Padini Holdings Bhd and its subsidiaries in connection with an ongoing investigation.

EcoWorld Unit Disposes Of Industrial Land In Johor For RM280.8 Mln

KUALA LUMPUR, April 24 (Bernama) -- Eco World Development Group Bhd’s unit, Eco Business Park 6 Sdn Bhd, has sold two parcels of industrial land in Kulai, Iskandar Malaysia, Johor, to KNBDC Malaysia Five Sdn Bhd for RM280.8 million.

Ringgit Ends Higher Vs Most Major Currencies, Flat Against US Dollar

KUALA LUMPUR, April 24 (Bernama) -- The ringgit closed higher against most major currencies on Friday, while remaining stable versus the US dollar.

AM Best Affirms Excellent Ratings For China's TMNCH

KUALA LUMPUR, April 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of The Tokio Marine and Nichido Fire Insurance Company (China) Limited (TMNCH).

Bursa Malaysia Ends Slightly Lower In Line With Weaker Regional Peers

KUALA LUMPUR, April 24 (Bernama) -- Bursa Malaysia closed marginally lower in line with the weaker performance of regional peers as investors refrained from taking long positions ahead of the weekend.

Atlas Copco Group Invests RM10 Mln In New Shah Alam Hub

SHAH ALAM, April 24 (Bernama) -- Atlas Copco Group has invested about RM10 million in a new headquarters and integrated facility in Alam Impian here, as part of its expansion in Malaysia and Southeast Asia.

AM Best Affirms Taiwan’s Shinkong Insurance Ratings At Excellent

KUALA LUMPUR, April 24 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the long-term issuer credit rating (ICR) of “a+” (Excellent) of Taiwan’s Shinkong Insurance Company Limited (Shinkong Insurance), with a stable outlook.

IceKredit Calls For Stronger ASEAN Alignment On AI Governance, Adoption

KUALA LUMPUR, April 24 (Bernama) -- IceKredit Chief Growth Officer Kong Chinang called for stronger regional alignment across policy, industry and education to support sustainable and responsible artificial intelligence (AI) adoption in Southeast Asia.

Slovakia, Finland Target Malaysia’s Artillery To Expand Defence Exports

By Kisho Kumari Sucedaram and Nabilah Saleh

KUALA LUMPUR, April 22 (Bernama) -- Slovakia is intensifying its push to secure a role in Malaysia’s ongoing armed forces modernisation efforts, with Konstrukta Defence positioning its EVA M3 6x6 artillery system as part of a broader strategy to expand export revenues and establish a long-term industrial presence in the country.

Poland Eyes Malaysia As Regional Hub For Cooperation, Sees Huge Potential In High-tech, Defence

By Kisho Kumari Sucedaram

KUALA LUMPUR, April 23 (Bernama) -- Poland sees strong potential to expand its economic and investment footprint in Malaysia, particularly in high-technology, defence and dual-use sectors, positioning the country as a strategic gateway to the wider Southeast Asia region.

Uni-Fuels Posts 70 Pct Revenue Growth In FY2025 Despite Net Loss

KUALA LUMPUR, April 24 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels), a global provider of marine fuel solutions, reported a 70 per cent increase in revenue to US$263.9 million for the fiscal year ended Dec 31, 2025 (FY2025), driven by growth in its core marine fuel trading business. (US$1 = RM3.96)