Google, Microsoft Applaud Malaysia’s Approach To Building AI Infrastructure, Roadmap

KUALA LUMPUR, Nov 23 (Bernama) -- Google has applauded Malaysia’s approach to building artificial intelligence (AI) infrastructure under the leadership of Prime Minister Datuk Seri Anwar Ibrahim, with the technology giant investing US$2 billion in the country.

Bin Zayed International Commits US$2 Bln Investment In Malaysia Over Next Five Years

KUALA LUMPUR, Nov 22 (Bernama) -- Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (US$1=RM4.466) in Malaysia over the next five years. 

Gold Futures End Higher, Tracking US Comex Gold Market

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Nov 22 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives extended its uptrend on Friday, tracking the steady gains in the US COMEX gold market, analysts said.

Outlook For DUAE Segment Remains Positive Despite Capacity Challenges, Says AM Best

KUALA LUMPUR, NOV 22 (Bernama) -- Global credit rating agency, AM Best has maintained its market segment outlook for the delegated underwriting authority enterprise (DUAE) segment at positive, citing its sustained growth and niche expertise, despite potential issues that could arise from capacity challenges and rapid growth.

BMI Projects RM3,900/T Palm Oil Price Average For 2025

KUALA LUMPUR, Nov 21 (Bernama) -- BMI, a Fitch Solutions company, has forecast an annual average palm oil price of RM3,900 per tonne in 2025, down from an estimated RM4,050 per tonne in 2024.  

Petron Malaysia Records Sharp Fall In 3Q Net Profit

KUALA LUMPUR, Nov 21 (Bernama) -- Petron Malaysia Refining and Marketing Bhd’s net profit fell to RM4.63 million in the third quarter (3Q) ended Sept 30, 2024, from RM81.90 million a year earlier amid a downward trend in oil prices.

Bank Rakyat Issues Inaugural RM500 Mln ASEAN Sustainability SRI Sukuk

KUALA LUMPUR, Nov 21 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat), via Imtiaz Sukuk II Bhd, has issued its maiden RM500 million ASEAN Sustainability SRI (Sustainable and Responsible Investment) Sukuk.

Good Bilateral Relations With Four Countries Visited Bear Fruit - Anwar

KUALA LUMPUR, Nov 21 (Bernama) -- Good bilateral relations with the four countries Prime Minister Datuk Seri Anwar Ibrahim recently visited have borne fruit and facilitated the government's mission to attract new business and investments.

Johor Tables State Budget 2025 With Surplus Of RM5.12 Mln

ISKANDAR PUTERI, Nov 21 (Bernama) -- The state government tabled the Johor Budget 2025 with a surplus of RM5.12 million at the Johor State Legislative Assembly sitting here today. 

China's Strong Industry-driven Ecosystem Draws Malaysian Businesses Seeking Expansion

By Anas Abu Hassan

KUALA LUMPUR, Nov 21 (Bernama) -- A strong industry-driven ecosystem in China is one of the key factors attracting Malaysian businesses to enter the Chinese market as part of their expansion strategy.

Two-year MADANI Govt: Turning Challenges Into Accomplishments

KUALA LUMPUR, Nov 21 (Bernama) -- In just two years of being in power, the MADANI government has reached a pivotal turning point in Malaysia's economic reforms, alongside efforts to address inefficiencies in state-owned entities, building on the resilient economic foundation laid in its first year.

MYEG 3Q Net Profit Jumps 62.5 Pct To RM195 Mln On Higher Fees, Investments

KUALA LUMPUR, Nov 20 (Bernama) -- MY E.G. Services Bhd’s (MYEG) net profit soared 62.5 per cent to RM195.05 million in the third quarter (3Q) ended Sept 30, 2024, from RM120 million in the same period last year, driven by higher service fees and investment gains.