Bursa Malaysia Closes Lower On Continued Profit-taking

By Zarul Effendi Razali

KUALA LUMPUR, May 6 (Bernama) -- Bursa Malaysia reversed early gains to close marginally lower today, dragged down by profit-taking in financial services as well as industrial products and services counters, an analyst said. 

Ewon Wants Sabah Entrepreneurs To Benefit From MSME Hub

PENAMPANG, May 3 (Bernama) -- Minister of Entrepreneur and Cooperatives Development Datuk Ewon Benedick wants Sabah entrepreneurs to take full advantage of the Micro, Small and Medium Enterprise (MSME) Hub here to access the latest information on entrepreneurship so that they are always aware of opportunities to further expand their business potential.

Japan To Lead High-Powered Delegation To Malaysia Next Week To Deepen Green Energy Cooperation

KUALA LUMPUR, May 2 (Bernama) -- Japan will lead a high-powered delegation to Malaysia next week to discuss deepening cooperation in the Asia Zero Emission Community (AZEC) to achieve decarbonisation, economic growth and energy security.

Perma-Pipe FY24 Sales Up, Backlog Doubles To US$138 Mln

KUALA LUMPUR, May 2 (Bernama) -- Perma-Pipe International Holdings Inc reported full-year net income of US$9.0 million for fiscal 2024 (FY24), down from US$10.5 million a year earlier due to the absence of a one-time US$5.9 million non-cash tax benefit recognised in 2023. (US$1=RM4.31)

Reach Ten To Triple Fibre Optic Duct Infrastructure To 767km Within 3 Years

KUALA LUMPUR, May 2 (Bernama) -- Sarawak-based telecommunications service provider Reach Ten Holdings Bhd plans to triple its fibre optic duct infrastructure to 767 kilometres (km) in Sibu, Miri and Bintulu within three years utilising its initial public offering (IPO) proceeds.

Sabah's GDP Projected To Increase To RM84.9 Bln In 2024

KOTA KINABALU, April 30 (Bernama) -- Sabah's economy has shown positive growth, with a projected gross domestic product (GDP) of RM84.9 billion in 2024 compared to RM83.2 billion in 2023.

Mustakim Mohamad Appointed New TH Group Managing Director, CEO

KUALA LUMPUR, April 29 (Bernama) -- Lembaga Tabung Haji (TH) has appointed its group executive finance director Mustakim Mohamad as the new group managing director and chief executive officer replacing Datuk Syed Hamadah Syed Othman.

Sabah's GDP Increases To RM83.2 Bln Last Year - Hajiji

KOTA KINABALU, April 29 (Bernama) -- Sabah's economy has shown positive growth as its gross domestic product (GDP) rose to RM83.2 billion last year from RM82.1 billion in 2023, said Chief Minister Datuk Seri Hajiji Noor.

Fruitful Outcomes For Fuzhou In China-Indonesia "Two Countries, Twin Parks" Initiative

KUALA LUMPUR, April 29 (Bernama) -- China has received its first batch of imported fresh coconuts from Indonesia, with 200 kilogrammes of the tropical fruit arriving recently at Fuzhou Airport.

TERA-Award Breaks Record With 785 Global Submissions For Climate Tech Innovation

KUALA LUMPUR, April 28 (Bernama) -- The global pursuit of sustainable energy solutions gained significant momentum this year as the TERA-Award recorded its highest participation since inception, with 785 entries from 76 countries and regions.

Financial Institutions Must Do More Than Manage Capital As Sarawak Charts Bold Economic Direction -- Uggah

KUCHING, April 27 (Bernama) -- As Sarawak charts a bold course toward becoming a high-income and innovation-led economy by 2030, financial institutions must do more than just manage capital, said State Deputy Premier Datuk Amar Douglas Uggah Embas.

Bilateral Trade Deal Among Topics Discussed With USTR

KUALA LUMPUR, April 25 (Bernama) -- Malaysia has expressed its openness to negotiate with the United States (US) on four key areas, namely reducing the trade deficit; addressing non-tariff barriers; strengthening technological safeguards and security; and exploring a potential bilateral trade agreement.