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Anwar Secures The Trust Of UAE Govt, Companies For Enhancing Economic Cooperation

ABU DHABI, Jan 15 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s working visit to the United Arab Emirates (UAE), his first overseas visit for 2025, has yielded encouraging results, with the Prime Minister and Malaysia gaining the trust of the UAE government and leading companies from the Gulf nation to foster economic cooperation.

CGS International Maintains CPO Price At RM4,000 Per Tonne In 2025

KUALA LUMPUR, Jan 14 (Bernama) -- CGS International Securities Malaysia Sdn Bhd has maintained its crude palm oil (CPO) price forecast for 2025, premised on higher year-on-year (y-o-y) CPO production and demand rationing.

Bursa Malaysia's 4Q Net Profit Expected To Be Weaker On Lower Datv -- Aminvestment Bank

KUALA LUMPUR, Jan 14 (Bernama) -- Bursa Malaysia Bhd’s net profit for the fourth quarter (4Q) ended Dec 31, 2024, is expected to be weaker than that in 3Q 2024 due to a lower daily average trading value (DATV) for the securities market, according to AmInvestment Bank Bhd.

Airbus Delivers 766 Commercial Aircraft In 2024

KUALA LUMPUR, Jan 10 (Bernama) -- Airbus delivered 766 commercial aircraft to 86 customers worldwide in 2024 compared to 735 planes in the previous year.

Diesel Subsidy Rationalisation To Save Govt Up To RM7.5 Bln A Year -- Amir Hamzah

KUALA LUMPUR, Jan 9 (Bernama) -- The implementation of diesel subsidy rationalisation is expected to provide annual savings of between RM7.2 billion and RM7.5 billion, up from the RM4 billion in savings projected last year, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Pluxee Surpasses Revenue Projections With New, Ongoing Contracts

KUALA LUMPUR, Jan 8 (Bernama) -- French-based company, Pluxee reported a 12.1 per cent increase in organic growth for its operating revenue in the first quarter of fiscal 2025, reaching 249 million euros, largely driven by Employee Benefits. (1 euro = RM4.64)

Kerjaya Prospek Secures RM256.4 Mln Construction Contract In Elmina West

KUALA LUMPUR, Jan 6 (Bernama) -- Construction outfit Kerjaya Prospek Group Bhd’s wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd has secured a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd (E&OE) to undertake building construction works in Elmina West, Shah Alam.

Perma-Pipe Posts Strong Q3 2024 Results With 29 Pct Increase In Net Income

KUALA LUMPUR, Dec 24 (Bernama) -- Perma-Pipe International Holdings Inc’s net income for the third quarter ended Oct 31, 2024 (Q3) increased to US$2.5 million from US$1.9 million in the same period last year, mainly driven by better project execution. (US$1=RM4.48)

Ending Flat-rate Loan Calculations Can Curb Household Debt, Bankruptcy Risks -- Economists

KUALA LUMPUR, Dec 24 (Bernama) -- Bank Negara Malaysia’s (BNM) proposal to abolish the flat-rate method for calculating personal financing is seen as a significant step towards improving the financial health of households, said an economist.

New Investment Incentive Framework: A Leap Towards High-Income Economy

By Zufazlin Baharuddin & Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Dec 20 (Bernama) -- The New Investment Incentive Framework, announced in Budget 2025, marks Malaysia’s bold move to position itself as a high-income nation by prioritising high-value sectors, mainly in digitalisation and artificial intelligence (AI) within the digital economy.

Malaysia, Turkmenistan To Strengthen Ties, Petronas Central To Relationship

PUTRAJAYA, Dec 19 (Bernama) – Turkmenistan and Malaysia are poised to strengthen bilateral economic cooperation, focusing on energy, trade, and innovation, said Turkmenistan President Serdar Berdimuhamedow.

OSV Sector Remains Bullish Due To Ongoing Supply Tightness -- Kenanga

KUALA LUMPUR, Dec 6 (Bernama) -- The Malaysian offshore supply vessel (OSV) sector, particularly the accommodation work barges (AWB) segment, is expected to remain bullish due to persistent vessel supply tightness from years of underinvestment, according to Kenanga Investment Bank Bhd.