Senheng New Retail to raise RM267.5m from IPO

PETALING JAYA: Senheng New Retail Bhd today launched the prospectus ahead of its listing on Bursa Malaysia’s Main Market involving the public issuance of 250 million shares and an offer-for-sale of 139.5 million existing shares at an issue price of RM1.07 per share to raise an estimated RM267.5 million. A total of 60% or RM160.5 … Read more

Watsons opens 600th store at Pavilion Bukit Jalil

KUALA LUMPUR: Watsons Malaysia, which opened its 600th store in Pavilion Bukit Jalil today, said its primary business strategy moving forward is to integrate offline and online shopping for customers convenience. “Currently, Watsons is available on seven online platforms. Sustainability is the most important part of our business strategy, we want to make Watsons a … Read more

Malaysia sets target of 31% RE installed capacity in 2025

PETALING JAYA: Malaysia has set a target of 31% of renewable energy (RE) in installed capacity in 2025 and 40% in 2035, which is expected to reduce the power sector’s carbon intensity by 45% and 65% in the respective years, said Energy and Natural Resources (KeTSA) Deputy Minister Datuk Ali Biju (pix). “To date, the … Read more

Southern Cable to ride on nation’s infrastructure growth, 5G

PETALING JAYA: Cable and wire manufacturer Southern Cable Group Bhd is targeting to ride on higher demand for cables and wires, as the nation embarks on its infrastructure growth and 5G network expansion plans. Recently the group had seen higher orders for power cables and wires, including from the power, renewable energy, telecommunications, and construction … Read more

Maybank launches Maybank2u Biz, aims to expand SME participation rate

PETALING JAYA: Malayan Banking Bhd (Maybank) aims to increase its small and medium enterprise (SME) customers’ participation rate on its digital platforms to 80%, from 67% currently, in the next 12 months with the introduction of its mobile-first application for SMEs, Maybank2u Biz, according to Maybank community financial services group CEO Datuk John Chong. Maybank … Read more