Axis-REIT Acquires Industrial Property In Port Klang For RM50 Mln 

KUALA LUMPUR, Sept 4 (Bernama) -- Axis Real Estate Investment Trust's (Axis-REIT) trustee, RHB Trustees Bhd, has entered into a sale and purchase agreement to acquire an industrial property from Barry Callebaut Malaysia Sdn Bhd for RM50 million.

AM Best Places Sompo Group Ratings Under Review Following Aspen Acquisition

KUALA LUMPUR, Sept 2 (Bernama) -- AM Best has placed under review with positive implications the financial strength rating (FSR) of A+ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc (SJ) and its subsidiaries.

Northstar To Join JTB Corp In Strategic Acquisition Deal

KUALA LUMPUR, Aug 29 (Bernama) -- Northstar Travel Group (Northstar), a powerhouse in business-to-business (B2B) travel industry events, media, and information services, is set to be acquired by JTB Corp, one of Japan’s leading travel solutions providers.

KLCCP Posts Higher Net Profit Of RM200.45 Mln In 2Q 2025

KUALA LUMPUR, Aug 27 (Bernama) -- KLCC Property Holdings Bhd (KLCCP) posted a higher net profit of RM200.45 million in the second quarter ended June 30, 2025 (2Q 2025) compared to RM191.06 million in the same period a year ago. 

EdgeconneX Doubles Down With Second 150MW Data Centre In Greater Osaka

KUALA LUMPUR, Aug 27 (Bernama) -- EdgeConneX has announced the acquisition of its second data centre site in the Greater Osaka and Yawata areas of Japan, bringing its total data centre platform capacity to 350 megawatts (MW) of utility power, further highlighting the region's significant scalability potential.

Hong Leong Financial Group Posts Higher FY2025 Net Profit Of RM3.25 Bln

KUALA LUMPUR, Aug 27 (Bernama) -- Hong Leong Financial Group Bhd’s (HLFG) net profit for the financial year ended June 30, 2025 (FY2025) rose to RM3.25 billion from RM3.19 billion in the previous financial year, driven by improved performance of commercial banking and insurance.

FGV Delisting Gives Felda Greater Latitude To Focus On Settlers' Returns, Shareholder Value

KUALA LUMPUR, Aug 27 (Bernama) – FGV Holdings Bhd will be delisted from Bursa Malaysia tomorrow, a move that will give greater latitude to one of the world’s largest crude palm oil producers to strategise and focus mainly on providing greater returns to settlers and value to shareholders.

Malaysia’s Global Business Services Sector Leverage AI To Provide Higher Value Services

By Wong Cheng Hau

KUALA LUMPUR, Aug 21 (Bernama) -- About 40 per cent of the 120,000 jobs in Malaysia’s global business services (GBS) sector will be using artificial intelligence (AI) to move towards higher-value services.

MRT Corp: RM16.8 Bln LRT Mutiara Line Budget Reflects Market Conditions, Not Cost Overrun 

KUALA LUMPUR, Aug 21 (Bernama) -- The revised RM16.8 billion ceiling for the LRT Mutiara Line is not an uncontrolled cost escalation but reflects market conditions over the past eight years, according to Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp).

Urusharta Jamaah Buys Solarvest Shares, Emerges As Substantial Shareholder With 5.08 Pct Stake

KUALA LUMPUR, Aug 20 (Bernama) -- Urusharta Jamaah Sdn Bhd, which is a special purpose vehicle under the Ministry of Finance (MOF), has acquired three million Solarvest Holdings Bhd’s ordinary shares, raising its stake to 5.08 per cent stake.

E&O Unit To Sell London Land For RM427.8 Mln

KUALA LUMPUR, Aug 20 (Bernama) -- Eastern & Oriental Bhd’s (E&O) indirect wholly-owned subsidiary, Hammersmith Properties Ltd, has proposed to dispose of two freehold land parcels in Hammersmith, London, to Varsity Capital 1 Propco Ltd for a minimum cash consideration of £75 million or RM427.8 million (£1 = RM5.7040).

LFG Unit To Acquire Vessel For US$13.25 Mln

KUALA LUMPUR, Aug 20 (Bernama) -- Lianson Fleet Group Bhd’s (LFG) indirect wholly-owned subsidiary Kangsar Corporation Pte Ltd has entered into a memorandum of agreement to acquire a vessel MV Moana BAQ for a cash consideration of US$13.25 million (RM55.95 million).