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AirAsia X Posts Net Loss Of RM154.88 Mln In First Quarter Due To Depreciation Of Local Currencies

KUALA LUMPUR, May 14 (Bernama) -- AirAsia X Bhd posted a net loss of RM154.88 million in the first quarter ended March 31, 2026, due to the net foreign exchange losses of RM232.2 million from the depreciation of local currencies including Thai baht, Indonesian rupiah and the Philippine peso against the US dollar during the quarter.

IFRS Foundation Appoints ESGright As First Approved Education Partner In Malaysia

KUALA LUMPUR, May 14 (Bernama) -- ESGright Sdn Bhd has been appointed as the first Approved Education Partner in Malaysia for the Fundamentals of Sustainability Accounting (FSA) Credential by the International Financial Reporting Standards (IFRS) Foundation.

GenNx360 Capital Partners Exits Precision Aviation Group In US$2.025 Bln Deal 

KUALA LUMPUR, May 14 (Bernama) -- GenNx360 Capital Partners, a New York-based private equity firm, has agreed to sell its portfolio company, Precision Aviation Group (PAG), to VSE Corporation (VSE) in a transaction valued at approximately US$2.025 billion in cash and equity. (US$1 = RM3.93)

UEM Group Channels RM5.5 Bln On Bumiputera Procurement From 2023-2025

KUALA LUMPUR, May 13 (Bernama) -- UEM Group Bhd and its subsidiaries spent a total of RM5.5 billion on procurement from Bumiputera vendors and suppliers between 2023 and 2025, said managing director Datuk Amran Hafiz Affifudin.

SkyeChip IPO Oversubscribed 95.03 Times Ahead Of Main Market Listing

KUALA LUMPUR, May 8 (Bernama) -- SkyeChip Bhd’s initial public offering (IPO) has been oversubscribed by 95.03 times ahead of its listing on the Main Market of Bursa Malaysia.

Malaysia Eyes Leadership In Advanced Packaging As AI Reshapes Global Chip Industry

KUALA LUMPUR, May 8 (Bernama) -- Malaysia is positioning itself to move beyond its long-standing leadership in assembly, testing and packaging towards leadership in advanced packaging as artificial intelligence (AI) reshapes the global semiconductor industry.

RT Pastry-KAF Investment Bank Ink Underwriting Agreement For ACE Market IPO

KUALA LUMPUR, May 6 (Bernama) -- RT Pastry Holdings Bhd (RT Pastry) has signed an underwriting agreement with KAF Investment Bank Bhd for its initial public offering (IPO) and subsequent listing on Bursa Malaysia’s ACE Market.

Manforce Group's Public Portion of IPO Oversubscribed By 3.47 Times

KUALA LUMPUR, April 24 (Bernama) -- Manforce Group Bhd's public portion of its initial public offering (IPO) has been oversubscribed by 3.47 times, in conjunction with its transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia.

MRCB Completes RM1.58 Bln Bukit Jalil Sentral Property Acquisition

KUALA LUMPUR, April 20 (Bernama) -- Malaysian Resources Corporation Bhd (MRCB) has completed its proposed acquisition of Bukit Jalil Sentral Property Sdn Bhd (BJSP) after settling the remaining purchase consideration of RM1.42 billion in cash.

AMS Advanced Material IPO Oversubscribed 9.03 times Ahead Of ACE Market Listing

KUALA LUMPUR, April 14 (Bernama) -- AMS Advanced Material Bhd’s initial public offering (IPO) has been oversubscribed by 9.03 times, ahead of its listing on the ACE Market of Bursa Malaysia.

Asian Development Bank Forecasts Malaysia’s Economy To Grow 4.6 Pct In 2026

KUALA LUMPUR, April 10 (Bernama) -- Asian Development Bank (ADB) projects Malaysia’s economy to grow by 4.6 per cent in 2026 and 4.5 per cent in 2027.

Hong Seng Unit Enters Debt Settlement Deals Worth RM63.61 Mln

KUALA LUMPUR, April 9 (Bernama) -- Hong Seng Consolidated Bhd’s wholly-owned subsidiary, AIMAX Capital Sdn Bhd, has entered into debt settlement agreements totalling RM63.61 million with four borrowers.