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TM Seen As Among Beneficiaries Of Booming It Market

KUALA LUMPUR, Nov 27 (Bernama) -- Public Investment Bank Bhd (PIVB) sees Telekom Malaysia Bhd (TM) as among beneficiaries of the booming information technology (IT) market as major cloud and internet companies would also demand greater terrestrial connectivity as well as global subsea cable networks.

Sunway's Share Price Slightly Down Despite Strong 3Q Earnings

KUALA LUMPUR, Nov 27 (Bernama) -- Demand for Sunway Bhd’s shares remained limited in early trade today despite its strong earnings growth recorded in the third quarter of financial year 2024 (3Q FY2024) earnings growth.

Sunway 3Q Net Profit Doubles To RM376.08 Mln

KUALA LUMPUR, Nov 26 (Bernama) -- Sunway Bhd’s net profit doubled to RM376.08 million in the third quarter ended Sept 30, 2024 (3Q 2024), from RM180.30 million in the same quarter last year mainly due to stronger operating performance across most business segments.

Malaysia's Digital Economy To Reach US$31 Bln In 2024 - Report

KUALA LUMPUR, Nov 26 (Bernama) -- Malaysia's digital economy is poised to reach US$31 billion (RM138.4 billion) in gross merchandise value (GMV) in 2024, an increase of 16 per cent from 2023. 

Petronas Dagangan Share Price Surges On Strong 3q Net Profit

KUALA LUMPUR, Nov 26 (Bernama) -- Petronas Dagangan Bhd's shares climbed nearly five per cent following a strong surge in net profit announced yesterday.

MPIC Confident About Hitting Timber Industry Export Target Of RM28 Bln By 2025

KUALA LUMPUR, Nov 25 (Bernama) -- The Ministry of Plantation and Commodities (MPIC) is confident of achieving its target of RM28 billion in export value for timber and timber products by 2025, as outlined under the National Agricommodity Policy 2030.

Petronas Dagangan's 3Q Net Profit Almost Doubles On Strong Margins

KUALA LUMPUR, Nov 25 (Bernama) -- Petronas Dagangan Bhd (PetDag) almost doubled its net profit in the third quarter ended Sept 30, 2024 (3Q24) to RM335.13 million against RM184.72 million in the same period of 2023, thanks to strong margins negated by elevated operating expenditure in line with increased activities.

Oil And Gas Exploration Vital For Decarbonisation Despite Investment Decline

KUALA LUMPUR, Nov 22 (Bernama) -- Investment in oil and gas exploration has plummeted two-thirds in the last decade,  but according to Wood Mackenzie's latest Horizons report, the sector remains crucial for decarbonisation and providing advantaged barrels in the energy transition.

Hap Seng 3Q 2024 Net Profit Soars Nearly Fourfold To RM193.11 Mln

KUALA LUMPUR, Nov 21 (Bernama) -- Hap Seng Consolidated Bhd's (HSCB) net profit for the third quarter ended Sept 30, 2024 (3Q 2024) soared nearly fourfold to RM193.11 million, up from RM50.30 million in the same period last year.

Two-year MADANI Govt: Turning Challenges Into Accomplishments

KUALA LUMPUR, Nov 21 (Bernama) -- In just two years of being in power, the MADANI government has reached a pivotal turning point in Malaysia's economic reforms, alongside efforts to address inefficiencies in state-owned entities, building on the resilient economic foundation laid in its first year.

Three Construction Players Win Best Project Awards At MCIEA 2024

KUALA LUMPUR, Nov 21 (Bernama) -- Three reputable construction players, namely MMC-Gamuda KVMRT Sdn Bhd, IJM Construction Sdn Bhd and Sunway Construction Group Bhd, have won the Best Project awards at the Malaysian Construction Industry Excellence Awards (MCIEA) 2024 recently.

Malaysia Tops Southeast Asia's Equity Market Performance In 2024 - Deloitte

KUALA LUMPUR, Nov 19 (Bernama) -- Malaysia has attracted significant interest in its equity market, becoming the best performer in Southeast Asia when compared to its regional peers for the first 10 and a half months of this year, according to Deloitte, a global professional services firm.