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Malaysia's Economic Momentum To Continue Into 2025, GDP To Grow 6 Pct

By Nurul Jannah Kamaruddin and Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Jan 1 (Bernama) -- Building on its strong economic performance in 2024, Malaysia is poised to maintain its growth momentum into 2025, with the gross domestic product (GDP) projected to expand by up to 6.0 per cent, said an economist.

Bintulu Port Secures 12-month Extension To Operate Under Third Interim Agreement

KUALA LUMPUR, Dec 31 (Bernama) -- Bintulu Port Holdings Bhd’s wholly owned subsidiary Bintulu Port Sdn Bhd (BPSB) has signed a third interim agreement (IA) with the Ministry of Transport (MOT) and Bintulu Port Authority (BPA) to extend its operation of Bintulu Port for an additional 12 months.

KLCCP Unit Upsizes Sukuk Murabahah Programme To RM2 Bln

KUALA LUMPUR, Dec 31 (Bernama) -- KLCC Property Holdings Bhd’s (KLCCP) wholly owned subsidiary Suria KLCC Sdn Bhd has upsized its sukuk murabahah programme to RM2 billion from RM600 million in nominal value.

Penang Records RM22.6 Bln Approved Investments Up To 3Q 2024

GEORGE TOWN, Dec 31 (Bernama) -- Penang has attracted an impressive investment inflow in the industrial sector this year, with approved investments up to the third quarter (3Q) hitting RM22.6 billion.

Southern Gateway Economic Corridor To Coordinate High-impact Projects

MELAKA, Dec 31 (Bernama) -- The Southern Gateway Economic Corridor is the best medium for coordinating high-impact development projects that can generate sustainable economic growth.

Gamuda Able To Develop Up To 1,000MWs Data Centre On Newly Acquired Land - HLIB

KUALA LUMPUR, Dec 31 (Bernama) -- The land acquired by Gamuda Bhd at Springhill Industrial Park in Negeri Sembilan could support the development of data centre (DC) capacities of between 700-1,000 megawatts (MWs) based on two to three MWs per acre with a downward adjustment in net area, Hong Leong Investment Bank’s (HLIB) preliminary estimates show.

MEF Appoints Sheikh Farouk As Chief Executive Effective Jan 1

KUALA LUMPUR, Dec 30 (Bernama) -- The Malaysian Employers Federation (MEF) has appointed Sheikh Farouk Sheik Mohamed as its chief executive, effective Jan 1, 2025.

Gamuda Unit Acquires Freehold Land In Port Dickson For RM424.4 Mln

KUALA LUMPUR, Dec 30 (Bernama) -- Gamuda Bhd’s wholly owned indirect subsidiary, Gamuda DC Infrastructure Sdn Bhd, has entered into a sale and purchase agreement with West Synergy Sdn Bhd to acquire 157.42 hectares of freehold land plots in Port Dickson for RM424.4 million.

Samaiden Shortlisted To Develop 99.99MW Large Scale Solar PV Plant In Kelantan

KUALA LUMPUR, Dec 30 (Bernama) -- Renewable energy (RE) solutions provider Samaiden Group Bhd’s (Samaiden) wholly-owned subsidiary, Samaiden Sdn Bhd (SSB), has been shortlisted for the development of a 99.99-megawatt (MW) large scale solar photovoltaic (PV) plant in Pasir Mas, Kelantan. 

Sabah Allocates RM124.7 Mln For Industrial, Entrepreneur Development Next Year - Hajiji

KOTA BELUD, Dec 30 (Bernama) -- The Sabah state government has allocated RM124.7 million for the development of its industrial and entrepreneurial sectors next year, said Chief Minister Datuk Seri Hajiji Noor.

Khazanah’s Dana Impak Continues Strategic Investments To Enhance Malaysia’s Semiconductor Ecosystem

KUALA LUMPUR, Dec 27 (Bernama) -- Khazanah Nasional Bhd (Khazanah), through its initial RM1 billion allocation via Dana Impak, today announced two strategic investments to drive greater growth and innovation in Malaysia’s Industrial Revolution 4.0 (IR4.0) technologies and capacity development; and boost research & development (R&D) in artificial intelligence (AI) and semiconductors technologies.

SC Reprimands Bybit For Operating Illegal Digital Asset Exchange

KUALA LUMPUR, Dec 27 (Bernama) -- The Securities Commission Malaysia (SC) has reprimanded Bybit Technology Ltd and its chief executive officer (CEO) Ben Zhou for operating a digital asset exchange (DAX) in Malaysia without registration.