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Eco World's Net Gearing To Stay Healthy Post-stake Acquisition In Paragon Pinnacle -- Investment Banks

KUALA LUMPUR, Feb 19 (Bernama) --  Eco World Development Group Bhd’s net gearing is expected to remain healthy after acquiring the remaining 40 per cent stake in Paragon Pinnacle Sdn Bhd from the  Employees Provident Fund’s unit Tanjung Wibawa Sdn Bhd for RM184.08 million, said two investment banks.

MYEG Reports Higher FY2024 Net Profit Of RM697.55 Mln

KUALA LUMPUR, Feb 18 (Bernama) -- My E.G. Services Bhd (MYEG) posted a higher net profit of RM697.55 million for the financial year ended Dec 31, 2024 (FY2024), compared to the RM487.65 million achieved in the preceding year.

Gas Malaysia Posts Higher Net Profit Of RM441.39 Mln For FY2024

KUALA LUMPUR, Feb 18 (Bernama) -- Gas Malaysia Bhd posted a higher net profit of RM441.39 million for the financial year ended Dec 31, 2024 (FY2024), up from RM383.40 million a year ago.

MDEC To Push For 25.5 Pct Digital Economy Contribution To Malaysia's GDP By End-2025

KUALA LUMPUR, Feb 18 (Bernama) -- The Malaysian Digital Economy Corporation (MDEC) will support Malaysia to achieve or surpass the 25.5 per cent digital economy contribution to gross domestic product (GDP) by the end of 2025, said its chief executive officer (CEO) Anuar Fariz Fadzil.

The Dai-ichi Life Insurance Company Scores Superior Credit Ratings - AM Best

KUALA LUMPUR, Feb 18 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Japan’s The Dai-ichi Life Insurance Company Limited (DL), the wholly owned operating subsidiary of Dai-ichi Life Holdings Inc (DLH).

Asean-Japan Women Entrepreneurs’ Summit In Kuala Lumpur Empowers Women In Business, Innovation

KUALA LUMPUR, Feb 18 (Bernama) -- The ASEAN-Japan Centre (AJC), in collaboration with the ASEAN Youth Organization and with the support of the ASEAN Coordinating Committee for Micro, Small, and Medium Enterprises (ACCMSME) and Women Leadership Foundation Malaysia, successfully hosted the ASEAN-Japan Women Entrepreneurs’ Summit in Kuala Lumpur.

Grab Delivered RM9.9 Bln To Malaysia’s GDP In 2023 -- EconWorks

KUALA LUMPUR, Feb 17 (Bernama) -- Grab’s on-demand services, including ride-hailing and delivery, contributed RM9.9 billion to the Malaysian economy in 2023, according to a new report by local economics consultancy firm EconWorks.

FMM, ASEAN BAC Malaysia Share 12 Initiatives For ASEAN Chair With Over 40 Businesses

KUALA LUMPUR, Feb 15 (Bernama) — The Federation of Malaysian Manufacturers (FMM) today hosted the ASEAN Business Advisory Council (ASEAN-BAC) Malaysia briefing to share 12 key initiatives for Malaysia’s ASEAN chairmanship year with over 40 business organisations.

MNRB Appoints Former AmBank Group CEO Sulaiman As New Chairman

KUALA LUMPUR, Feb 14 (Bernama) -- MNRB Holdings Bhd (MNRB) has appointed former AmBank Group chief executive officer, Datuk Sulaiman Mohd Tahir as its new non-independent and non-executive chairman, effective today.

Malaysia's RE Sector Seen Entering 'Supercycle' As Country Accelerates Energy Transition

KUALA LUMPUR, Feb 14 (Bernama) -- Malaysia's renewable energy (RE) sector is expected to enter a “multi-decade supercycle” as the country accelerates its energy transition.

KWAP Achieves Record-high Investment Income Of RM18.0 Bln In 2024

KUALA LUMPUR, Feb 13 (Bernama) -- The Retirement Fund Inc (KWAP) recorded its highest-ever investment income of RM18.0 billion in 2024, with an overall return of 12.0 per cent.

Economy Ministry To Launch Natural Gas Roadmap By Third Quarter This Year -- Rafizi

KUALA LUMPUR, Feb 13 (Bernama) -- The Ministry of Economy will launch the Natural Gas Roadmap in the second or third quarter of this year to ramp up investments into the sector, said its minister Datuk Seri Rafizi Ramli today.