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BASF Petronas Chemicals Opens Second 2-EHAcid Plant In Kuantan

KUANTAN, Oct 25 (Bernama) -- BASF Petronas Chemicals (BPC) has launched its second 2-ethylhexanoic acid (2-EHAcid) production line at its integrated site in Kuantan to meet growing market demand.

IRB Implements TCC Pilot Project For Govt Procurement Works Involving JKR And JPS

PUTRAJAYA, Oct 25 (Bernama) — The Ministry of Finance Malaysia (MOF), in collaboration with the Inland Revenue Board of Malaysia (IRB), is expanding the implementation of the Tax Compliance Certificate (TCC) for the procurement of physical works and consulting services as a pilot project from Oct 1, 2024, to March 31, 2025.

PIVB Maintains 'Outperform' Rating On AAX

KUALA LUMPUR, Oct 25 (Bernama) -- Public Investment Bank Bhd (PIVB) has maintained its "outperform" rating on AirAsia X Bhd (AAX) supported by its robust demand in the third quarter of 2024 (3Q 2024).

KWAP Invests RM219 Mln In Cyan Renewables To Boost Malaysia's Offshore Sector

KUALA LUMPUR, Oct 25 (Bernama) -- The Retirement Fund Inc (KWAP) has invested RM219 million for a minority stake in Cyan Renewables (Cyan), Asia's largest owner and operator of offshore support vessels.

AirAsia X Reports 34 Pct Growth In Passengers To 1.08 Million In 3q 2024

KUALA LUMPUR, Oct 24 (Bernama) -- AirAsia X Bhd carried 1.08 million passengers in the third quarter (3Q) of 2024, representing a 34 per cent year-on-year (y-o-y) increase, and delivered a strong passenger load factor of 84 per cent, up by four percentage points. 

DXN Posts Lower 2Q Net Profit Of RM65.97 Mln

KUALA LUMPUR, Oct 24 (Bernama) -- DXN Holdings Bhd posted a lower net profit of RM65.97 million in the second quarter of the financial year 2025 (2Q FY2025) ended Aug 31, 2024, from RM76.02 million amid higher foreign exchange losses as well as elevated costs for employee benefit and shipping rates.

OrthoLite Taps Top Talents To Bolster Global Operations 

KUALA LUMPUR, Oct 24 (Bernama) -- OrthoLite, the global leader of branded, high-performance, comfort footwear solutions, has appointed Raj Santhana as the new Vice President of Operational Excellence.

TDM Proposes RM1.5 Bln Sukuk Wakalah Programme Issuance

KUALA LUMPUR, Oct 23 (Bernama) -- TDM Bhd has proposed the issuance of a sukuk wakalah programme with a total programme limit of RM1.5 billion to enhance operational efficiency, support future investments, and meet its financial commitments in compliance with Shariah principles.

MITI Finalising Sustainable Development Guidelines For Data Centres

KUALA LUMPUR, Oct 23 (Bernama) -- The Ministry of Investment, Trade, and Industry (MITI) is finalising sustainable development guidelines for data centres.

Main Market-bound Life Water Eyes Sarawak, Brunei Markets With RM63.42 Mln IPO

By Fatin Umairah Abdul Hamid

KOTA KINABALU, Oct 22 (Bernama) -- Sabah beverage manufacturer Life Water Bhd plans to use the proceeds of its upcoming listing on the Main Market of Bursa Malaysia to expand into Sarawak and Brunei.

TNB’s Solid Financial Footing Critical For Its Service To The Rakyat

By M. Saraswathi

KUALA LUMPUR, Oct 22 (Bernama) -- For a utility company such as Tenaga Nasional Bhd (TNB), a solid financial position, underpinned by a healthy balance sheet, low debt, and strong cash flow, enables it to allocate capital towards infrastructure upgrades, research and development, and operational improvements that benefit end consumers.

Yinson Production's FPSO Vessel Maria Quiteria Achieves First Oil

KUALA LUMPUR, Oct 21 (Bernama) -- Yinson Production's floating production, storage and offloading (FPSO) vessel Maria Quiteria has achieved first oil on Oct 15, 2024, followed by a successful 72-hour test.