LATEST NEWS   At 6 pm, the ringgit depreciated to 3.9300/9330 against the greenback from 3.9285/9325 at Wednesday’s close. | EG Industries Bhd wholly-owned subsidiary seals US$241.6 million purchase order for high-speed optical modules and wireless access-related products | Continued expansion in the loan and deposit portfolios lifts Public Bank's net profit to RM1.75 bln in 1Q 2026 from RM1.74 bln in 1Q 2025. | MOHE restructures 36 polytechnics to offer degree and master's level studies in line with high-tech industry needs - Zambry | 

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Southern Cable Secures RM172.57 Mln Contract For Cable Supply In East Malaysia

KUALA LUMPUR, Dec 26 (Bernama) -- Southern Cable Group Bhd's wholly-owned subsidiary, Southern Cable Sdn Bhd, has been awarded a RM172.57 million contract to supply and deliver cables and conductors in East Malaysia.

BHIC Disposes of Stake in CAD to German Company for RM54 Mln

KUALA LUMPUR, Dec 24 (Bernama) -- Boustead Heavy Industries Corporation Bhd (BHIC) has disposed of its equity stake in Contraves Advanced Devices Sdn Bhd (CAD) to German automotive and arms manufacturer, Rheinmetall AG.

AirAsia In Talks On Aircraft Purchases As Part Of Expansion Strategy

SEPANG, Dec 23 (Bernama) -- Capital A Bhd is in discussions with aircraft manufacturers Airbus, Embraer and Comac to purchase new aircraft as part of its expansion strategy for its airline operations under the AirAsia brand.

Capital A To Exit PN17 Status By 1Q 2025 -- Fernandes

SEPANG, Dec 23 (Bernama) -- Capital A Bhd is expected to exit Practice Note 17 (PN17) status by the first quarter of next year after submitting its proposed regularisation plan to Bursa Malaysia Securities Bhd today.

Top Glove Returns To The Black, Posting A Net Profit Of RM5.47 Mln In 1Q FY2025

KUALA LUMPUR, Dec 20 (Bernama) -- Top Glove Corporation Bhd has returned to the black, posting a net profit of RM5.47 million in the first quarter ended Nov 30, 2024 (1Q FY2025), rebounding from a RM57.71 million net loss in 1Q FY2024.

IHH Healthcare Donates RM1 Mln For Flood Relief Efforts

KUALA LUMPUR, Dec 20 (Bernama) -- In light of recent floods across Malaysia, IHH Healthcare Group is donating RM1 million to the Malaysian Red Crescent Society (MRCS) and MERCY Malaysia, with RM500,000 allocated to each organisation to support critical relief efforts and address the widespread post-flood impacts.

Research Firms Optimistic About Mah Sing's Growth Potential

KUALA LUMPUR, Dec 20 (Bernama) -- MIDF Amanah Investment Bank Bhd remained upbeat on the prospect for real estate development company Mah Sing Group Bhd, driven by its growing exposure to the booming Johor property market. 

AEON Credit Third Quarter Net Profit Eases To RM62.07 Mln

KUALA LUMPUR, Dec 19 (Bernama) -- Aeon Credit Service (M) Bhd’s net profit for the third quarter of the financial year ended Feb 28, 2025 (3Q 2025) fell to RM62.07 million from RM85.55 million last year.

Lotus Circular To Acquires Earthwise, Expert For RM100 Mln

KUALA LUMPUR, Dec 19 (Bernama) -- Lotus Circular Bhd (LCB) has proposed to acquire the entire equity interest in Earthwise Resources Sdn Bhd and the entire equity interest in Expert Resource Management Sdn Bhd for a total purchase consideration of RM100 million. 

Mah Sing To Acquire Land In Johor Bahru With RM1.5 Bln GDV

KUALA LUMPUR, Dec 19 (Bernama) -- Mah Sing Group Bhd plans to acquire 2.424 hectares of freehold land in Johor Bahru, designated for the development of premium serviced apartments and retail units, with an estimated gross development value (GDV) of RM1.5 billion.

Winstar Capital Sees Sales Growth In 2025 By Leveraging China's Tax Policy Shift

KUALA LUMPUR, Dec 19 (Bernama) -- Aluminium products manufacturer Winstar Capital Bhd sees sales growth in 2025 by leveraging China’s recent tax policy shift. 

MRCB Withdraws From Berjaya-led Consortium For KL-SG HSR Project

KUALA LUMPUR, Dec 18 (Bernama) -- The Berjaya Corporation Bhd-led consortium, which participated in the request for information (RFI) exercise by MyHSR Corporation Sdn Bhd for the Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project, has announced that one of its partners has decided to withdraw.