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Scientex's FY2024 Net Profit Rises To RM545.21 Mln, Declares 6 Sen Dividend

KUALA LUMPUR, Sept 24 (Bernama) -- Scientex Bhd’s net profit for the financial year ended July 31, 2024 (FY2024) surged by 24.4 per cent to RM545.21 million from RM438.14 million a year ago.

Dept Of Standards Develops E-commerce Guidelines To Ensure Conducive Investment Environment

KUALA LUMPUR, Sept 24 (Bernama) -- The Department of Standards Malaysia has successfully developed the Malaysian Standard (MS) 2781: 2023 - Logistics dataset - Guidelines for E-commerce Transactions and Last Mile Delivery to ensure a conducive investment, trade and industry ecosystem.

Nippon Kinzoku Introduces Welded Drawn Pipe Series

KUALA LUMPUR, Sept 24 (Bernama) -- Tokyo-based Nippon Kinzoku Co Ltd, a stainless steel rolling and processing provider for the automotive, battery, semiconductor and other markets, has commercialised “FINE PIPE”, a welded drawn pipe that surpasses “seamless pipe”.

ASEAN Data Centre Market Can Reach US$11 Bln By 2028 - Maybank IB

KUALA LUMPUR, Sept 24 (Bernama) -- The potential total addressable market for ASEAN data centres is estimated to reach US$11 billion (US$1=RM4.20) by 2028 on the back of the global data centre demand boom, according to Maybank Investment Bank (Maybank IB) Bhd.

Investors Eye Budget 2025 For Family Office Framework In Malaysia - OCBC

KUALA LUMPUR, Sept 24 (Bernama) -- Investors are keenly awaiting Budget 2025, scheduled for Oct 18, for announcements on the regulatory framework for establishing family offices in Malaysia, said OCBC Global Markets Research.

IATA Urges Govt To Introduce Incentives Or Tax Credits In Budget 2025 To Support SAF

By Kisho Kumari Sucedaram

KUALA LUMPUR, Sept 24 (Bernama) -- The International Air Transport Association (IATA) urges the government to consider introducing incentives or tax credits in the upcoming Budget 2025 to support Malaysia’s emerging sustainable aviation fuel (SAF) industry.

RON95 Targeted Subsidy Can Influence Malaysia's Inflation Trends, Says Economist

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 24 (Bernama) -- Malaysia’s inflation rate easing to 1.9 per cent in August 2024 has raised concerns about the implications of a RON95 targeted subsidy mechanism, according to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.

Inflation Rate To Trend Between 2.0 Pct And 2.3 Pct Yoy For 2024 - Analysts

KUALA LUMPUR, Sept 23 (Bernama) -- Analysts expect headline inflation to trend between 2.0 per cent and 2.3 per cent year-on-year (yoy) for the rest of 2024.

Akwel Anticipates Minor Sales Drop For Current Fiscal Year

KUALA LUMPUR, Sept 23 (Bernama) -- AKWEL, the automotive and heavy goods vehicle (HGV) components manufacturer, has posted a net income of 20.2 million euros, giving a net margin of 3.8 per cent for the first half of 2024. (1 euro = RM4.68)

PropertyGuru Hopes Govt Will Continue Focus On Affordable Housing In Budget 2025

KUALA LUMPUR, Sept 23 (Bernama) -- PropertyGuru and iProperty have expressed hope Budget 2025 will continue to focus on housing initiatives aimed at underserved communities, including the low-to-middle income segment.

Malaysia's Fiscal Deficit Target Of 3 Pct By 2026 Challenging But Achievable - MARC

KUALA LUMPUR, Sept 23 (Bernama) -- Malaysia’a fiscal deficit target of three per cent by 2026 “remains challenging but achievable,” according to Malaysian Rating Corporation Bhd (MARC).

KPK Proposes Revision Of WPL On Palm Oil; MOF Feedback Pending

PUTRAJAYA, Sept 23 (Bernama) -- The Plantation and Commodities Ministry (KPK) presented a proposal to the Ministry of Finance (MoF) last week to revise the windfall profit levy (WPL) on palm oil in the country.