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Ascend Airways Malaysia Unaffected By UK Unit's Wind-down

KUALA LUMPUR, April 29 (Bernama) -- Ascend Airways Malaysia Sdn Bhd has clarified that its operations remain unaffected by developments involving its United Kingdom (UK)-based counterpart, Ascend Airways Ltd.

UAE Exit Eroding OPEC Production Discipline; Strait Of Hormuz Risks Persist

By Siti Radziah Hamzah

KUALA LUMPUR, April 29 (Bernama) -- The United Arab Emirates’ (UAE) exit from the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) is unlikely to destabilise the alliance in the near term.

UAE Leaves OPEC And OPEC+ In Huge Blow To Global Oil Producers' Group

KUALA LUMPUR, April 28 (Reuters) -- The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.

Global Oil Prices Rise On Knee-jerk Reaction Following UAE's Exit From OPEC, OPEC+ 

KUALA LUMPUR, April 28 (Bernama) -- Global crude oil prices rose in a knee-jerk reaction following news that the United Arab Emirates (UAE) has left the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.

Avaland Unit Acquires Taman U-Thant Land For RM86 Mln

KUALA LUMPUR, April 28 (Bernama) -- Avaland Bhd’s wholly owned subsidiary Nexus Advertising Sdn Bhd has entered into a conditional sale and purchase agreement with Tong Ah Company Sdn Bhd to acquire freehold land at Taman U-Thant here for RM86.04 million.

KLCCP Stapled Group Optimistic On Sustaining Growth In 2026 Amid Rising Economic Uncertainties

KUALA LUMPUR, April 28 (Bernama) -- KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT), collectively known as KLCCP Stapled Group, remain optimistic on sustaining their positive performance in 2026 amid rising economic uncertainties.

Aerospace Industrial Development In Sepang To Drive IDRISS Transformation

SHAH ALAM, April 28 (Bernama) -- A proposed aerospace-focused industrial development in Sepang, Selangor, is set to become a key catalyst in supporting regional transformation under the Integrated Development Region in South Selangor (IDRISS) framework.

KIP REIT To Acquire Setapak Central For RM435 Mln

KUALA LUMPUR, April 27 (Bernama) -- KIP Real Estate Investment Trust (KIP REIT), via its trustee Pacific Trustees Bhd, has entered into a conditional sale and purchase agreement for the proposed acquisition of Setapak Central for RM435 million.

Pensonic Returns To Profit In 3Q On Strong Demand, Improved Margins

GEORGE TOWN, April 25 (Bernama) -- Pensonic Holdings Bhd returned to profitability in the third quarter (3Q) ended Feb 28, 2026 (FY2026), recording profit after tax of RM2.25 million compared with a loss of RM150,000 in the same quarter last year. 

Padini Initiates Internal Review Into MACC Account Freeze

KUALA LUMPUR, April 25 (Bernama) -- Garment retailer Padini Holdings Bhd has commenced an internal review to assess the circumstances surrounding the freezing of certain identified bank accounts belonging to the company and its subsidiaries by the Malaysian Anti-Corruption Commission (MACC). 

MACC Freezes Certain Bank Accounts of Padini, Subsidiaries Over Ongoing Probe

KUALA LUMPUR, April 24 (Bernama) -- The Malaysian Anti-Corruption Commission (MACC) has frozen certain bank accounts of Padini Holdings Bhd and its subsidiaries in connection with an ongoing investigation.

EcoWorld Unit Disposes Of Industrial Land In Johor For RM280.8 Mln

KUALA LUMPUR, April 24 (Bernama) -- Eco World Development Group Bhd’s unit, Eco Business Park 6 Sdn Bhd, has sold two parcels of industrial land in Kulai, Iskandar Malaysia, Johor, to KNBDC Malaysia Five Sdn Bhd for RM280.8 million.