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By Siti Radziah Hamzah
KUALA LUMPUR, Sept 24 (Bernama) -- ASEAN must push structural reforms to strengthen private capital markets and enforce rules against non-tariff barriers (NTBs) if it is to remain competitive, said ASEAN-Business Advisory Council (ASEAN-BAC) chairman Tan Sri Nazir Razak.
KUALA LUMPUR, Sept 22 (Bernama) -- ASEAN cannot grow purely on a foreign direct investment (FDI) model but must grow and invest in the region's technology companies to move forward.
KUALA LUMPUR, Sept 19 (Bernama) -- Global credit rating agency, AM Best has withdrawn the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Foundation Life (NZ) Limited (FLNZ) as the company no longer holds insurance policy liabilities.
KUALA LUMPUR, Sept 3 (Bernama) -- MSP Sports Capital, a New York-based private investment firm, has confirmed the sale of its equity interest in McLaren Racing, including its Formula 1 (F1) Team, to McLaren Group Limited.
KUALA LUMPUR, Aug 30 (Bernama) -- KL International Airport (KLIA) will commence a trial run of its new Vehicle Access Management System (VAMS) to improve kerbside traffic flow and provide smoother access to the terminals.
KUALA LUMPUR, Aug 28 (Bernama) -- KPJ Healthcare Bhd’s net profit increased to RM82.06 million in the second quarter ended June 30, 2025 (2QFY2025), from RM75.88 million in 2QFY2024, in tandem with higher revenue recorded in the quarter.
KUALA LUMPUR, Aug 28 (Bernama) -- Axiata Group Bhd is on track to achieve a gearing ratio of 2.5 times net debt to earnings before interest, taxes, depreciation, and amortisation (EBITDA) by the end of 2026, as the level stood at 2.76 times as at June 30, 2025.
By Saraswathi Muniappan
KUALA LUMPUR, Aug 26 (Bernama) -- Sovereign wealth fund Khazanah Nasional Bhd still has an effective role to play in the venture capital ecosystem, especially in promoting entrepreneurship and fuelling future economic growth engines, despite recent setbacks such as the losses incurred from its investment in FashionValet Sdn Bhd.
KUALA LUMPUR, Aug 21 (Bernama) -- Ivory Properties Group Bhd’s application for a further extension of time to submit its regularisation plan to exit Practice Note 17 (PN17) status has been rejected by Bursa Malaysia Securities Bhd.
KUALA LUMPUR, Aug 15 (Bernama) -- SBC Medical Group Holdings Inc (SBC Medical) reported second-quarter (Q2) revenue of US$43 million, an 18 per cent year-over-year (YoY) decline, as the company continues to realign its business around higher-margin services and scalable growth. (US$1=RM4.21)
KUALA LUMPUR, Aug 11 (Bernama) -- Petroliam Nasional Bhd (Petronas) expects the low oil price environment to persist, with prices hovering at around US$64 to US$65 per barrel, said executive vice president and chief executive officer (CEO) of upstream business Mohd Jukris Abdul Wahab. (US$1=RM4.24)
KUALA LUMPUR, Aug 6 (Bernama) -- Pharmaniaga Bhd has completed its Practice Note 17 (PN17) regularisation plan following the completion of its capital reduction exercise through the cancellation of RM520 million in issued share capital.
