RMS Synergy in JV with Vietnam OSV service firm

PETALING JAYA: RMS Synergy Sdn Bhd has entered into a joint venture (JV) with Vietnam-based offshore support vessel (OSV) service provider Hai Duong Petroleum and Marine Corporation (Haduco) to form Haduco RMS Sdn Bhd, driven by the increased demand for OSV by O&G operators in Malaysia. Both parties entered into a shareholders’ agreement under the … Read more

Keep EPF account active after 55, members told

PETALING JAYA: The Employees Provident Fund (EPF) is encouraging its members to keep their EPF account active to continue earning income after 55 until 100 from its competitive annual dividend payouts. Sharing with Sunbiz how a normal working class Malaysian can save and grow his money with EPF, chief strategy officer Nurhisham Hussein (pix) disclosed … Read more

Radium Development to raise RM434m from IPO

KUALA LUMPUR: Property developer Radium Development Bhd, en route to a listing on Bursa Malaysia’s Main Market on May 31, plans to raise RM434 million from its initial public offering (IPO) to reinforce its presence in the capital city. At an issue price of 50 sen per share, the IPO entails an issuance of 868 … Read more

Capital A’s ADE secures US$100m from OCP Asia to build MRO facility

KUALA LUMPUR: Capital A Bhd’s engineering and maintenance subsidiary, Asia Digital Engineering (ADE), has secured US$100 million (RM445 million) investment from Hong-Kong-based investment firm OCP Asia Ltd to be utilised for the construction and operation of a state-of-the-art 14-line aircraft maintenance hangar facility in Sepang, Selangor. The investment will also be allocated for ADE’s business … Read more

65% of business owners in Malaysia brace for recession

PETALING JAYA: Some 65% of business owners in Malaysia believe it is important to prepare for recession and have taken steps to do so, according to one-stop IT solutions provider GoTo. Based on its recent survey on how global businesses prepare for an economic downturn, it said many businesses believe that implementing technological solutions can … Read more

Improve govt procurement: Samenta

PETALING JAYA: The government can address the twin objectives of improving the efficiency and efficacy of its procurement and at the same time support the small and medium enterprises (SME) via a transparent handicapped system, said Small and Medium Enterprises Association (Samenta) national secretary Yeoh Seng Hooi (pix). Commenting on the Economic Affairs Minister Rafizi … Read more

Ansat Broadcast, MNC Group in direct-to-home TV joint venture

PETALING JAYA: Ansat Broadcast Sdn Bhd and MNC Group’s subsidiary, PT MNC Vision Networks Tbk (IPTV), today inked a term sheet for a joint venture to provide subscriber-based television and content distribution services using direct-to-home (DTH) for the Malaysian market. Malaysian viewers will get to enjoy offerings from MNC Media’s digital entertainment arm, PT MNC … Read more

Sales momentum to slow in 2023 but remain strong

PETALING JAYA: Sime Darby Property Bhd expects sales momentum to progress towards year-end but will likely slow down in 2023 due to headwinds in the year ahead, according to its group managing director, Datuk Azmir Merican. “Sales momentum will still be strong (although) it may not be as high as in 2022. We don’t expect … Read more

Maybank to relocate head office to PNB’s Menara Merdeka 118 in Q1’25

KUALA LUMPUR: Malayan Banking Bhd (Maybank), which today signed a 21-year tenancy agreement with Permodalan Nasional Bhd (PNB) to lease space in Menara Merdeka 118 here, will move its corporate head office to the world’s second tallest building in the first quarter of 2025 (Q1’25). Maybank group president and CEO Datuk Khairussaleh Ramli said it … Read more