KUALA LUMPUR: The country’s main postal service provider, Pos Malaysia Bhd, has launched its sustainability roadmap to achieve net zero carbon emissions for its operations by 2050. As part of its transformation, the sustainability roadmap also outlines Pos Malaysia’s commitment to a 30% reduction in its Scope 1 and Scope 2 emissions by 2025. Pos … Read more
KUALA LUMPUR: Communications and Digital Minister Ahmad Fahmi Mohamed Fadzil has reassured industry players of the government’s commitment to address operating costs and uncompetitive behaviour in the courier industry. The Malaysian Communications and Multimedia Commission (MCMC) will, on March 15, unveil initiatives aimed at creating a more level playing field and fostering healthy competition among … Read more
KUALA LUMPUR: Malaysia takes the issues of deforestation and forest degradation caused by the expansion of agricultural land seriously and is working to counter negative narratives, said Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also the Minister of Plantation Industries and Commodities, said that the palm oil industry has faced its fair … Read more
KUALA LUMPUR: Integrated circuit (IC) design provider Oppstar Bhd, en route to an ACE Market listing on March 15, 2023, targets RM104.25 million from its initial public offering (IPO) via the issuance of 165.48 million new ordinary shares. At an issue price of 63 sen per share and an enlarged share capital of 636.20 million … Read more
KUALA LUMPUR: Property developer Naza TTDI Sdn Bhd is celebrating its 50th anniversary this year with the launch of its “Harmony of Living” Campaign, offering prizes worth more than RM500,000 including a Mercedes Benz EQA 250 and Suzuki Swift Sport. As part of the campaign, the company announced a series of three lucky draws for … Read more
PETALING JAYA: Malaysia’s ringgit is expected to hold steady throughout the year with the US Federal Reserve (Fed) signalling a slowdown in interest rate increases, according to analysts. Social, law and human rights head cum researcher at independent think tank Emir Research, Jason Loh Seong Wei said the ringgit is projected to remain steady in … Read more
KUALA LUMPUR: ATX Fintech Holding Sdn Bhd has partnered with Mastercard Inc to launch an electronic billing and payment tool called Mastercard Bill Pay in Malaysia, marking the facility’s debut in the Asia-Pacific. The collaboration enables Malaysian consumers to view and consolidate bills from multiple billers on ATX’s digital wallet Gopay or access it via … Read more
PETALING JAYA: Gamuda Bhd has allocated RM2 billion for investment in renewable energy (RE) over the next five years to capitalise on the growing opportunities in the sector. Group managing director Datuk Lin Yun Ling said the group does not need to raise funds externally for the RM2 billion as it has almost zero gearing … Read more
KUALA LUMPUR: Itmax System Bhd, en route to listing on Bursa Malaysia Main Market on Dec 13, plans to raise RM342.4 million from its initial public offering (IPO). At an enlarged issued share capital of 1.03 billion shares and share price of RM1.07, its market capitalisation will be RM1.1 billion. The company is primarily involved … Read more
PETALING JAYA: Affin Hwang Asset Management Bhd has rebranded as AHAM Asset Management Bhd (AHAM Capital) and targets to grow its total assets under administration (AUA) to RM100 billion from RM75 billion (as of October 2022) over the next three years. It is eyeing expansion within Asean and looking to partner with digital platforms and … Read more
KUALA LUMPUR: Affin Bank Bhd will put its focus on retail community banking and SME enterprise banking as they see pockets of opportunities for growth in that sector. Its president and group CEO Datuk Wan Razly Abdullah Wan Ali said that at a press briefing after the company’s EGM on Nov 15. “Despite headwinds such … Read more
KUALA LUMPUR: Food and beverage company Fraser & Neave Holdings Bhd (F&N) is allocating capital expenditure (capex) of RM700 million to RM800 million for the financial year ending Sept 30, 2023 (FY23), the bulk of which will be invested in its fresh milk business. CEO Lim Yew Hoe said it expects to increase three to … Read more
PETALING JAYA: Malaysia is enhancing its potential to produce more unicorns via 100 Soonicorns, a programme that aims to support the country’s aspiration to create five unicorns by 2025. A unicorn is a privately owned startup company with a value of over US$1 billion (RM4.7 billion) while a soonicorn is a unicorn in the making. … Read more