Hap Seng 3Q 2024 Net Profit Soars Nearly Fourfold To RM193.11 Mln

KUALA LUMPUR, Nov 21 (Bernama) -- Hap Seng Consolidated Bhd's (HSCB) net profit for the third quarter ended Sept 30, 2024 (3Q 2024) soared nearly fourfold to RM193.11 million, up from RM50.30 million in the same period last year.

Bank Rakyat Issues Inaugural RM500 Mln ASEAN Sustainability SRI Sukuk

KUALA LUMPUR, Nov 21 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat), via Imtiaz Sukuk II Bhd, has issued its maiden RM500 million ASEAN Sustainability SRI (Sustainable and Responsible Investment) Sukuk.

Good Bilateral Relations With Four Countries Visited Bear Fruit - Anwar

KUALA LUMPUR, Nov 21 (Bernama) -- Good bilateral relations with the four countries Prime Minister Datuk Seri Anwar Ibrahim recently visited have borne fruit and facilitated the government's mission to attract new business and investments.

Sapangar Bay Port Trade Hub To Positively Impact Sabah's Economy

KOTA KINABALU, Nov 21 (Bernama) -- The Sabah State Government's aspiration to position Sapangar Bay Container Port (SBCP) as a regional trade hub is expected to deliver significant long-term economic benefits for the state, the State Assembly was informed today.

FMC Continues Monitoring Domestic Financial Market Conditions Amidst Key Global Developments

KUALA LUMPUR, Nov 20 (Bernama) -- Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC) continues to monitor the domestic financial market conditions amidst key global developments, namely the outcome of the recent US election and concerns surrounding China’s economic growth prospects.

Petronas Chemicals Records Loss Of RM789 Mln In 3Q On Unrealised Forex Loss

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) recorded a net loss of RM789 million in the third quarter compared to a net profit of RM424 million in the same period last year, dragged down by unrealised forex losses of RM1.1 billion.

SBC Medical To Acquire Singapore’s AHH, Expanding Into Asia

KUALA LUMPUR, Nov 19 (Bernama) -- SBC Medical Group Holdings Incorporated (SBC), announced it has entered into a definitive agreement to acquire Aesthetic Healthcare Holdings Pte Ltd (AHH), a Singapore-based aesthetic medical treatment provider, in an all cash transaction.

IOI Properties Partners Maybank To Offer Green Financing For Home Seekers

KUALA LUMPUR, Nov 19 (Bernama) -- IOI Properties Group Bhd (IOIPG) is partnering with Maybank to offer home seekers up to 95 per cent + 5 per cent green financing for selected residential green homes.

Swift Energy Inks Underwriting Agreement For ACE Market IPO

KUALA LUMPUR, Nov 18 (Bernama) -- Swift Energy Technology Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Bermuda’s Evergreen Insurance Credit Ratings Downgraded  - AM Best

KUALA LUMPUR, Nov 18 (Bernama) -- AM Best has downgraded the financial strength rating to A- (excellent) from A (excellent) and the long-term issuer credit rating to “a-” (excellent) from “a” (excellent) of Bermuda’s Evergreen Insurance Company Limited (EICL).

AirAsia Offers Direct Flights To Andaman And Nicobar Islands

SRI VIJAYA PURAM (INDIA), Nov 16 (Bernama) -- AirAsia has become the first international airline to offer direct flights to India’s Andaman and Nicobar Islands.

Malaysia In Position To Demonstrate Leadership In ASEAN -- Jetro, Jactim

By Christine Lim

KUALA LUMPUR, Nov 17 (Bernama) -- Malaysia is in a position to demonstrate leadership in ASEAN as the country assumes its chairmanship role next year.