Labuan Secures RM32.917 Mln For Several Development Projects In 2025

LABUAN, Nov 16 (Bernama) -- The federal government has allocated RM50 million for Labuan's operating expenditure under Budget 2025, maintaining the same amount as Budget 2024, with RM32.917 million earmarked for seven development projects in this island for the upcoming year. 

Labuan’s Tax Regime Supports Eligible Businesses With Many Incentives - Lim

LABUAN, Nov 16 (Bernama) -- The issue of extending three per cent tax benefits to all business sectors in Labuan does not arise, as various incentives are already in place under existing tax laws, said Deputy Finance Minister Lim Hui Ying.

Malaysian-led Consortium Proposes RM18.4 Bln MAHB Buyout

KUALA LUMPUR, Nov 15 (Bernama) -- Gateway Development Alliance Sdn Bhd (GDA) and its shareholders (consortium) today announced plans to launch a conditional voluntary takeover offer for all remaining shares in Malaysia Airports Holdings Bhd (MAHB) at RM11 per share, valuing the equity at RM18.4 billion.

Selangor Govt Tables RM3 Bln State Budget For 2025

SHAH ALAM, Nov 15 (Bernama) -- The Selangor government today tabled a RM3 billion Budget 2025 to manage and sustain the state’s development next year.

AM Best Affirms Excellent Ratings For Malaysia’s Labuan Re 

KUALA LUMPUR, Nov 15 (Bernama) -- Global credit rating agency, AM Best has affirmed Malaysia’s Labuan Reinsurance (L) Ltd (Labuan Re) financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent). 

Nice Expects Newly Commissioned Sokor North Heap Leach Plant To Boost Revenue By 3Q 2025

From Engku Shariful Azni Tengku Ab Latif

TANAH MERAH, Nov 15 (Bernama) -- Niche Capital Emas Holdings Bhd (Nice) has successfully commissioned its heap leach plant here at Sokor North Gold Mine.

IOI Properties Group Launches Roadmap 2030 For Sustainable Developments

PUTRAJAYA, Nov 14 (Bernama) -- IOI Properties Group Bhd (IOIPG) today launched its IOI Sustain Roadmap 2030 (ISR 2030), a strategic blueprint designed to drive sustainable progress across all facets of the group’s operations, permeating through all levels of its organisation. 

SBC Medical Posts Strong Third Quarter 2024 Results 

KUALA LUMPUR, Nov 14 (Bernama) -- SBC Medical Group Holdings Incorporated (SBC Medical), reported a net income of US$40.1 million for the nine months ended Sept 30, compared to US$24.3 million in the same period of last year. (US$1=RM4.44)

Malaysia Set To Become Southeast Asia's Packaging For Manufacturing Hub Within 10 Years - Reed Exhibitions

KUALA LUMPUR, Nov 14 (Bernama) -- Malaysia is expected to become Southeast Asia's packaging for manufacturing hub within 10 years, said Reed Exhibitions (RX) China chief operating officer Josephine Lee.

MISC Bhd’s 3Q Net Profit Eases To RM338.90 Mln In 3Q 2024

KUALA LUMPUR, Nov 14 (Bernama) -- MISC Bhd’s net profit eased to RM338.90 million in the third quarter ended Sept 30, 2024 (3Q 2024) from RM430.40 million in 3Q 2023.

Madani Economic Framework Initiatives To Be Key Focus In Ahmad Zahid's Official Visit To UAE

From Zarul Effendi Razali

ABU DHABI, Nov 13 (Bernama) -- Various initiatives under the MADANI Economic Framework, among other matters, will be highlighted during Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi’s seven-day official visit to the United Arab Emirates (UAE), which started today.

VRAD Unveils Two Virtual Reality-based Medical Simulators For Global Markets

KUALA LUMPUR, Nov 13 (Bernama) -- VRAD Co Ltd has announced its entry into international markets by launching two widely recognised Korean-developed virtual reality (VR)-based simulators, NS_Core, a nursing skills education simulator, and IP_Trauma, a trauma patient care simulator.