Assets Under Management Rise To RM1.07 Trillion In 2024 -- SC

Assets under management (AUM) of the investment management industry continued its upward trajectory, reaching RM1.07 trillion as of Dec 31, 2024, up from RM975.48 billion in 2023. 

13MP To Continue Integrated Policy, Focus On HGHV Industries - Rafizi

KUALA LUMPUR, March 20 (Bernama) -- The Ministry of Economy will ensure that an integrated and appropriate policy focusing on high-growth and high-value (HGHV) industries continues in the preparation of the 13th Malaysia Plan (13MP) to boost the economy towards a higher and more complex value chain.

SoftBank Group To Acquire Ampere Computing For US$6.5 Bln 

KUALA LUMPUR, March 20 (Bernama) -- SoftBank Group Corp (SoftBank Group) has announced the acquisition of Ampere Computing, an independent silicon design company, in an all-cash transaction valued at US$6.5 billion. (US$1=RM4.42)

Foreign Workers' EPF Contribution A Game Changer To Retain Workforce And Hire More Local Talent

By Nur Athirah Mohd Shaharuddin & Fatin Umairah Abdul Hamid

KUALA LUMPUR, March 19 (Bernama) -- Foreign workers' mandatory Employees Provident Fund (EPF) contribution will benefit Malaysia’s economy over the long term as employers will favour hiring more local talent as costs increase.

Jewellery Makers Continue To Shine Despite Soaring Gold Prices

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, March 18 (Bernama) -- Malaysia's jewellery sector remains resilient, with robust demand continuing despite rising gold prices, largely fuelled by deep-rooted cultural appreciation for gold as both a symbol of wealth and a trusted investment or “safe haven” asset.

Govt's Investment Injection In Sapura Energy 'A Beacon Of Hope' For Vendors

KUALA LUMPUR, March 15 (Bernama) -- The government’s RM1.1 billion investment in Sapura Energy Bhd (SEB) is a crucial lifeline for vendors grappling with severe cash flow challenges due to outstanding payments, amounting to approximately more than RM10 million, offering a much-needed boost to the local oil and gas ecosystem.

HLIB Optimistic SMRT's Path To Profitability, Main Market Transfer

KUALA LUMPUR, March 14 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) is confident SMRT Holdings Bhd is on track to fully eliminate accumulated losses and shift to retained earnings, positioning it for a transfer to the Main Market with stronger earnings expected in financial year 2025 (FY2025).

Maintenance Fees: The Hard Truth - JMBs And MCs Lack Expertise, Residents Neglect Responsibility

By Abdul Hamid A Rahman

This is the conclusion of a three-part series on maintenance fee collection in strata properties. It examines enforcement challenges under the Strata Management Act 2013 (Act 757), the role of JMBs and MCs and the responsibilities of owners and tenants. 

Xsolla Unveils Customisable Loyalty As A Service Solution For Game Developers 

KUALA LUMPUR, March 12 (Bernama) -- Xsolla, a global video game commerce company, has introduced a customisable loyalty as a service solution to help developers seamlessly integrate rewards into their games’ purchase flows.

FBM KLCI Continues Slide Amid Heightened Volatility, Wall Street Sell-off

By Siti Noor Afera Abu

KUALA LUMPUR, March 11 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) extended its decline at Tuesday’s closing, reflecting increased volatility and mirroring the sharp sell-off in US equities as global risk aversion intensified.

Majority Of Local Banks Hold Above-Average ESG Ratings

KUALA LUMPUR, March 10 (Bernama) -- Majority of Malaysian banks have environmental, social and corporate governance (ESG) ratings that surpass average benchmarks, aligning well with international standards and rivaling those of Singapore banks, said CIMB Securities Sdn Bhd.

TSI, Telfair Forest Products To Build Sustainable Biomass Torrefaction Facility In Georgia

KUALA LUMPUR, March 7 (Bernama) -- TSI and Telfair Forest Products have announced the construction of a torrefaction facility at Telfair Forest Product’s facility in Lumber City, Georgia, with commissioning and startup early this year.