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TNB Doubles Capex To RM42.9 Bln To Back Energy Transition Efforts

KUALA LUMPUR, April 24 (Bernama) -- Tenaga Nasional Bhd (TNB) has more than doubled its budgeted capital expenditure (capex) to RM42.9 billion — comprising RM26.6 billion in base capex and RM16.3 billion in contingent capex — to support infrastructure development for Malaysia’s energy transition.

ADB Deploys Nearly US$40 Bln For Development Across Asia And The Pacific In 2024

KUALA LUMPUR, April 24 (Bernama) -- The Asian Development Bank (ADB) committed US$24.3 billion (US$1 = RM4.39) from its own resources last year, alongside US$14.9 billion in cofinancing with its partners, to address a range of complex development challenges in Asia and the Pacific.

Uni-Fuels Revenue Soars 119 Pct, Faces Profit Headwinds Post-IPO

KUALA LUMPUR, April 23 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels), a global marine fuel solutions provider, posted a 119 per cent surge in revenue for 2024, reaching US$155.2 million from US$70.8 million in 2023, driven by a 121 per cent jump in marine fuel sales. (US$1=RM4.38)

3Degrees Welcomes Philippe Vedrenne As CEO Starting May 

KUALA LUMPUR, April 23 (Bernama) -- Global climate solutions provider, 3Degrees has announced the appointment of Philippe Vedrenne as its new Chief Executive Officer (CEO), effective May 1.

Southern Steel To Sell 55 Pct Stake In Subsidiary To BRC Asia For RM61.05 Mln

KUALA LUMPUR, April 22 (Bernama) --  Southern Steel Bhd (SSB) has agreed to sell a 55 per cent stake in wholly owned subsidiary Southern Steel Mesh Sdn Bhd (SSM) to Singapore-based BRC Asia Ltd for RM61.05 million cash in a related party transaction.

Malaysia Moves Closer To Green Bioeconomy With CCE-Oasis Xtract Partnership

PUTRAJAYA, April 22 (Bernama) -- Malaysia’s push towards a sustainable, innovation-driven economy has taken a significant step forward today with the signing of a memorandum of understanding (MoU) between Central Corporate Engineering Sdn Bhd (CCE) and Oasis Xtract Sdn Bhd.

Bursa Malaysia Ends Lower Amid US Tensions, Cautious Market

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, April 22 (Bernama) -- Bursa Malaysia ended lower on selling activities in the financial services and industrial products and services sectors’ heavyweights, amid tensions between US President Donald Trump and Federal Reserve chair Jerome Powell.

TMD Energy Debuts On NYSE American, First Malaysian Bunker Supplier To Do So

KUALA LUMPUR, April 22 (Bernama) -- Integrated marine bunkering services provider TMD Energy Ltd began trading on the NYSE American under the ticker symbol “TMDE”, becoming the first Malaysian marine bunker supplier to list on a major US exchange.

Federal Govt, Johor In Talks On Sandbox Initiatives To Ease Investor Concerns In JS-SEZ -- Tengku Zafrul

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, April 18 (Bernama) -- The Federal government and the Johor state government have discussed sandbox initiatives to address the concerns of investors and industries in the Johor-Singapore Special Economic Zone (JS-SEZ). 

MIDA Facilitates RM142 Mln Energy Partnership Between Solarvest, HSS & Shizen At Osaka Expo

KUALA LUMPUR, April 17 (Bernama) -- Solarvest Holdings Bhd, HSS Engineering Sdn Bhd, and Shizen Malaysia Sdn Bhd have formed a renewable energy (RE) partnership to undertake a 29.99MWac solar photovoltaic facility located in Gurun, Kedah with an investment of RM142 million.

Bina Puri Appoints Marcus Goh As GCEO, Mohd Kamarudin As Non-executive Director

KUALA LUMPUR, April 16 (Bernama) -- Bina Puri Holdings Bhd has appointed Marcus Goh Kee Lun as executive director cum group chief executive officer (GCEO) and Datuk Seri Mohd Kamarudin Md Din as an independent non-executive director.

The Exchange Asia And ESGAM Sign MoU To Launch ESG PLUS 2025

KUALA LUMPUR, April 16 (Bernama) – The Exchange Asia, through Magnate Media Sdn Bhd, today signed a memorandum of understanding (MoU) with the ESG Association Malaysia (ESGAM) to strengthen the credibility of the ESG PLUS Awards as a regional platform that adheres to international environmental, social, and governance (ESG) standards.