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AI Boom Opens Growth Avenues For Penang SMEs - MSIA

GEORGE TOWN, June 18 (Bernama) -- The artificial intelligence (AI) boom is opening significant growth opportunities for Penang’s small and medium enterprises (SMEs), particularly those supporting the semiconductor value chain, according to the Malaysia Semiconductor Industry Association (MSIA).

Indian Firms Invest Over US$3 Bln In Malaysia, Create 30,000 Jobs - CIIM

KUALA LUMPUR, June 17 (Bernama) -- Indian companies have invested more than US$3 billion (US$1 = RM4.06) in Malaysia and created over 30,000 direct jobs, reflecting the strong economic partnership between Malaysia and India, according to the Consortium of Indian Industries in Malaysia (CIIM).

MRMA Appoints Derek Teh As Chairman

KUALA LUMPUR, June 15 (Bernama) -- The Malaysian REIT Managers Association (MRMA) has appointed Sunway REIT Management Sdn Bhd chief executive officer and executive director Derek Teh Wan Wei as the chairman of the association during its annual general meeting (AGM) recently.

Energy Disruptions Could Spill Over Into Food, Medical Supplies And Manufacturing, Warns Hassan Marican

KUALA LUMPUR, June 8 (Bernama) -- Disruptions to energy and petrochemical supplies could have far-reaching implications beyond fuel availability, potentially affecting items critical to everyday life, such as medical supplies, food packaging and agricultural fertilisers, according to Tan Sri Mohd Hassan Marican.

BSN Offers Up To RM100,000 Working Capital Financing Under MSME SRF

KUALA LUMPUR, May 25 (Bernama) -- Bank Simpanan Nasional (BSN) is stepping up support for micro entrepreneurs facing ongoing global economic uncertainties by offering working capital financing facilities of up to RM100,000 under the micro, small and medium enterprise stabilisation relief facility (MSME SRF).

Hektar REIT Proposes RM125 Mln Deal To Acquire, Lease International School

KUALA LUMPUR, May 22 (Bernama) -- Hektar Real Estate Investment Trust (Hektar REIT) has proposed to acquire the leasehold interest in 2.43 hectares in Setapak, Kuala Lumpur, together with a private school known as KYS KL East International School (KYSKLEIS) on it, for a purchase consideration of RM125 million.

Johns Manville Names John Vasuta As President, CEO

KUALA LUMPUR, May 20 (Bernama) -- Johns Manville (JM), a global building and speciality products manufacturer and a Berkshire Hathaway company, announced that Bob Wamboldt will retire as President and Chief Executive Officer (CEO), with John Vasuta set to assume the role effective Aug 1.

Maxis' Unit Issues Two New Sukuk Murabahah Series Amounting To RM1 Bln

KUALA LUMPUR, May 19 (Bernama) -- Maxis Bhd's wholly-owned subsidiary, Maxis Broadband Sdn Bhd (MBSB) has issued two new series of Sukuk Murabahah, totalling RM1.0 billion in nominal value, pursuant to its unrated Sukuk Murabahah programme.

CGC Participates In BNM’s SME SRF To Support SMEs

KUALA LUMPUR, May 15 (Bernama) -- Credit Guarantee Corporation Malaysia Bhd (CGC) has affirmed its commitment to supporting Bank Negara Malaysia’s SME Stabilisation Relief Facility (SME SRF) during this period of heightened uncertainty. 

Destini Unit Secures Tubular Running Services Contract From Petronas Carigali

KUALA LUMPUR, May 14 (Bernama) -- Destini Bhd’s unit, Destini Oil Services Sdn Bhd (DOS), has secured a significant contract from Petronas Carigali Sdn Bhd (PCSB) for tubular running services (TRS).

Green Building Initiative CEO Vicki Worden To Exit

KUALA LUMPUR, May 13 (Bernama) -- Green Building Initiative (GBI) has announced the planned departure of its Chief Executive Officer (CEO), Vicki Worden, who is set to leave in late June after leading the nonprofit organisation since 2015.

MK Land Achieves Financial Close For Solar PV Plant In Kulim

KUALA LUMPUR, May 13 (Bernama) -- MK Land Holdings Bhd, through its renewable energy subsidiary, Citra Energies Sdn Bhd, has achieved financial close for the development of a 29.99 megawatt alternating current solar photovoltaic (PV) plant in Kulim, Kedah.