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GLIC's Domestic Investment Strengthens Economy, Resistance Against External Impacts

KUALA LUMPUR, Feb 27 (Bernama) – Domestic strategic investments by government-linked investment companies (GLICs) are becoming increasingly important and play a key role in strengthening Malaysia's economy from within, and improving resilience against external impacts.

Commercial Aviation Safety Improves On Five-year Average But Took A Step Back From 2023 - IATA

KUALA LUMPUR, Feb 26 (Bernama) -- The commercial aviation industry delivered an improved overall performance on safety in 2024 including showing improvements on the five-year average, but it took a step back from an exceptional performance in 2023, according to the International Air Transport Association (IATA).

In-depth Study To Be Conducted To Consider Feasibility Of Detailed Reporting Of Insurance Policy Profit And Loss

KUALA LUMPUR, Feb 26 (Bernama) -- A more in-depth study will be conducted to consider the feasibility of detailed reporting on the profit and loss of each medical insurance policy, said Deputy Finance Minister Lim Hui Ying.

Petronas' Profit Slips 32 Pct To RM55.1 Bln In FY2024 Due To Unfavourable Prices

KUALA LUMPUR, Feb 25 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) net profit fell by 32 per cent to RM55.1 billion in financial year 2024 ended Dec 31, 2024 (FY2024) from RM80.7 billion in FY2023, in line with the lower average realised prices and favourable tax adjustments in 2023. 

MAHB Privatisation Signals Major Changes For Malaysia’s Airport Sector -- Aviation Experts 

KUALA LUMPUR, Feb 25 (Bernama) -- The privatisation and delisting of Malaysia Airports Holdings Bhd (MAHB) represents a crucial turning point for the country’s aviation industry, offering a chance to improve operational efficiency and service quality across its airports, analysts opined.

Malaysia’s Oil Palm Replanting Lags Target, Govt Steps Up Efforts -- Johari

KUALA LUMPUR, Feb 25 (Bernama) -- The progress in replanting oil palm trees is still lagging, with Malaysia managing to replant 114,000 hectares, or 2.0 per cent of its total planted area in 2024, down from 132,000 hectares (2.3 per cent) in 2023.  

PCG Records Lower Net Profit In FY2024, Declares 3.0 Sen Second Interim Dividend

KUALA LUMPUR, Feb 21 (Bernama) -- Petronas Chemicals Group Bhd’s (PCG) net profit fell to RM1.175 billion in the financial year ended Dec 31, 2024 (FY2024) from RM1.696 billion in the preceding year.

EPF Buys MAHB Shares At RM11 To Ensure Higher Relisting Price – Amir Hamzah

KUALA LUMPUR, Feb 20 (Bernama) -- The Employees Provident Fund’s (EPF) move to buy Malaysia Airports Holdings Bhd’s (MAHB) shares at RM11 per unit is aimed at positioning the company for a future relisting at a higher valuation.

GDP Growth Across Asia-pacific Region Expected To Slow To 3.7 Pct This Year -- Moody's Analytics

KUALA LUMPUR, Feb 19 (Bernama) -- Gross domestic product (GDP) growth across the Asia-Pacific (APAC) region is expected to slow to 3.7 per cent in 2025 from an estimated 3.9 per cent in 2024 on trade tensions, policy shifts and uneven recoveries.

5.1 Pct GDP Growth In 2024 Reflects MADANI Govt's Determination To Boost Economy

KUALA LUMPUR, Feb 14 (Bernama) -- The 5.1 per cent gross domestic product (GDP) growth achieved in 2024, which exceeds the initial official forecast of four to five per cent, reflects the MADANI government’s confidence and determination to turn around the Malaysian economy, said the Ministry of Finance (MoF).

Perodua Raises Capex To RM1.6 Bln In 2025, Focuses on Expansion

KUALA LUMPUR, Feb 7 (Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is increasing its capital expenditure (capex) to RM1.6 billion this year, with the biggest chunk reserved for plant improvements, raising stamping capacity, new model development and tooling.

Trade War Will Not Hinder Malaysia's GDP Growth For 2025 - Rafizi

KUALA LUMPUR, Feb 5 (Bernama) -- Malaysia is on track to meet its 2025 gross domestic product (GDP) growth target despite the risks posed by the tariff war, said Economy Minister Datuk Seri Rafizi Ramli.