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.

Bursa Malaysia Opens Lower On Mild Profit-taking

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Feb 7 (Bernama) -- Bursa Malaysia opened lower on Friday on mild profit-taking in selected heavyweights led by SD Guthrie and Tenaga Nasional, analysts said.

Finalised SST Scope Of Expansion, Rate Review To Be Gazetted In 1Q 2025 - MOF

KUALA LUMPUR, Feb 7 (Bernama) -- The finalised sales and service tax (SST) scope of expansion and the review of the SST rates will be gazetted through subsidiary legislation in the first quarter (1Q) of 2025 after the engagement process is completed to allow sufficient preparation before enforcement of the changes.

Ringgit Opens Slightly Higher Against US Dollar

By Danni Haizal Danial Donald and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Feb 7 (Bernama) -- The ringgit opened slightly higher against the US dollar at opening trade as the US Federal Reserve (Fed) does not seem inclined to reduce rates in the near term, said an analyst.

Scomi Energy To Be Delisted On Feb 12 As Bursa Dismisses Appeal For Extension

KUALA LUMPUR, Feb 6 (Bernama) -- Bursa Securities Bhd has dismissed Scomi Energy Services Bhd's request for an extension to submit its regularisation plan.

Zenas BioPharma Targets Key 2025 Milestones For Obexelimab In Autoimmune Diseases

KUALA LUMPUR, Feb 6 (Bernama) -- Zenas BioPharma Inc (Zenas), a clinical-stage global biopharmaceutical company, has outlined its significant achievements in 2024 and set key business objectives for 2025.

Saviynt Hires Sunil Kedaraji As VP Of Partner Sales For APJ

KUALA LUMPUR, Feb 6 (Bernama) -- Saviynt, a cloud-native identity governance solutions provider, has appointed Sunil Kedaraji as Vice President (VP) of Partner Sales for Asia-Pacific and Japan (APJ).

Gamuda’s Order Book Set To Rise 11 Pct with Sungai Perak Water Project

KUALA LUMPUR, Feb 6 (Bernama) -- Gamuda Bhd’s participation in the Sungai Perak Raw Water Transfer Scheme (SPRWTS) development project could potentially bump up Gamuda’s outstanding order book by about 11 per cent to RM41.1 billion.

Northern Solar Targets 20 Pct Revenue Growth In FY2025

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 6 (Bernama) -- Northern Solar Holdings Bhd is targeting a 20 per cent rise in revenue growth for the financial year ending March 31 2025 (FY2025) versus RM77.97 million a year ago.

Crude Oil Prices Brace For Volatility Amid Trump's Policy Positions -- BMI

KUALA LUMPUR, Feb 6 (Bernama) -- BMI, a Fitch Solutions company, is expecting significant volatility in crude oil prices in the coming weeks and months as markets scramble to weigh the impact of United States (US) President Donald Trump’s new policy positions, not least regarding tariff measures.

MAHB: PAC Must Use Proper Channels To Seek Explanation, Clarification - Loke 

PUTRAJAYA, Feb 5 (Bernama) -- Transport Minister Anthony Loke today emphasised that the Public Accounts Committee (PAC) is required to adhere to proper channels when seeking any explanations from his Ministry, including on Malaysia Airports Holdings Bhd’s (MAHB) share sales.

Polyplastics To Launch 40 Pct Glass-filled Recycled DURAFIDE PPS

KUALA LUMPUR, 5 Feb (Bernama) -- Polyplastics Co Ltd, a global leader in engineering plastics, has announced plans to launch a 40 per cent glass-reinforced grade of DURAFIDE rG-PPS by December this year, as part of its mechanical recycling business.