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Timor-Leste Confident In ASEAN Membership Progress, Hails Malaysia's Support

KOTA TINGGI, Feb 28 (Bernama) -- Timor-Leste is confident that it has made significant progress and is on the right track to fulfil the roadmap outlined for its full membership in ASEAN.

DRB-HICOM Posts Lower Net Profit Of RM22.55 Mln In FY2024

KUALA LUMPUR, Feb 27 (Bernama) -- DRB-HICOM Bhd posted a significantly lower net profit of RM22.55 million for the financial year ended Dec 31, 2024 (FY2024), compared to the RM238.88 million net profit recorded in FY2023.

Turing Secures US$14 Mln To Expand AI-driven Water Management Solutions

KUALA LUMPUR, Feb 27 (Bernama) -- Turing, a leader in artificial intelligence (AI)-driven water management solutions, has successfully raised US$14 million in a funding round led by Safar Partners. (US$1=RM4.42)

Nambawan Super Goes Live With SmartStream’s AI-driven Air Solution

KUALA LUMPUR, Feb 27 (Bernama) -- SmartStream Technologies, the financial transaction lifecycle management (TLM) and solutions provider, announced that Nambawan Super Limited (NSL), Papua New Guinea's largest superannuation company, has successfully implemented SmartStream’s Air application for artificial intelligence (AI) data processing, enhancing data accuracy and operational efficiency.

Public Bank Profit Rises 7.5 Pct To RM7.15 Bln In FY2024, Declares 11 Sen Dividend

KUALA LUMPUR, Feb 26 (Bernama) -- Public Bank Bhd’s net profit rose by 7.5 pct to RM7.15 billion in the financial year ended Dec 31, 2024 (FY2024) compared with RM6.65 billion in FY2023, due to the reversal of over-provision of tax in the prior years.

Takaful Malaysia Posts Higher Profit After Zakat Of RM378.1 Mln In FY24

KUALA LUMPUR, Feb 26 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd’s profit after zakat and tax for the financial year ended Dec 31, 2024 increased nine per cent to RM378.1 million compared to RM347.1 million posted in 2023.

TM Net Profit Rises 7.8 Pct To RM2 Bln, Declares 2nd Interim And Special Dividends 

KUALA LUMPUR, Feb 25 (Bernama) -- Telekom Malaysia Bhd’s (TM) net profit rose 7.8 per cent to RM2.01 billion for the financial year ended Dec 31, 2024 (FY2024) from RM1.87 billion recorded a year ago, due to lower net finance costs and the recognition of remaining one-off tax credits.

IOI Corp Posts Lower 2Q Net Profit Of RM111.1 Mln, Declares 5 Sen Dividend

KUALA LUMPUR, Feb 25 (Bernama) -- IOI Corporation Bhd’s (IOI Corp) net profit fell by two-thirds to RM111.1 million in the second quarter ended Dec 31, 2024 (2Q FY2025) from RM335.4 million in the year-ago quarter despite a stronger contribution from the plantation segment. 

Sime Darby To Leverage Its Strong Industrial Segment In 2025 - Analysts

KUALA LUMPUR, Feb 25 (Bernama) -- Sime Darby Bhd is set to capitalise on its strong industrial segment in 2025, driven by a robust order book and the full consolidation of UMW Holdings Bhd, analysts said.

Paris Baguette’s Halal Hub Launch In Johor Boosts Malaysia-South Korea Economic Ties - Ambassador

KUALA LUMPUR, Feb 25 (Bernama) -- The opening of Paris Baguette’s halal-certified bakery factory in Johor is seen as a pivotal development in strengthening economic and investment ties between Malaysia and South Korea, according to South Korean Ambassador to Malaysia Yeo Seung Bae.

Bintulu Port Holdings Pays Tribute To Media For Highlighting Achievements

KUCHING, Feb 24 (Bernama) -- Bintulu Port Holdings Berhad (BPHB) paid tribute to the media, which had been giving their unwavering support and cooperation in promoting its initiatives and highlighting its achievements throughout last year.

Fortrea Sponsors SCRS Collaborate Forward To Revolutionise Clinical Research Practices

KUALA LUMPUR, Feb 21 (Bernama) -- Fortrea, a global contract research organisation (CRO), has announced its sponsorship of the Society for Clinical Research Sites (SCRS) Collaborate Forward working group.