PETALING JAYA: Looking beyond 2023, MIDF Research said it is positive on Malaysia’s external trade outlook due to the ratified Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In its thematic report, Remarkable Post-Pandemic External Trade Performances, the research house said that apart from elevated commodity prices and … Read more
PETALING JAYA: Based on Malaysia’s socioeconomic scenario, the country’s economy has the potential to address global challenges, evidenced by its improved labour market and continuous external demand, according to Malaysian Economics Statistics Review Vol 1/2023 released by the Department of Statistics Malaysia today. This is also backed up by upward trends for several key indicators, … Read more
KUALA LUMPUR: Nova MSC Bhd today entered into a memorandum of understanding (MoU) with Theta Edge Bhd to collaborate on marketing and promotion of healthcare, public sector and applied artificial intelligence (AI) solutions and products in Malaysia and other Asean countries. Theta, a member of Tabung Haji Group, is a Bursa Malaysia Main Market-listed company … Read more
KUALA LUMPUR: WhyQ, a digital innovation startup focused on helping micro SMEs (MSME) digitalise their business, has secured an additional RM4.6 million in an extension to their Series A2 funding round. The extended round was led by Kairos FoodTech Fund of Kairos Capital Group, which has previously invested in Good Meat, Roslin Technologies and Mission … Read more
PETALING JAYA: MIDF Research, TA Securities and HLIB Research have maintained ‘buy’ calls for Mah Sing Group Bhd following its first land acquisition in 2023. Mah Sing is buying two parcels of land totalling 8.2 acres in Puchong, Selangor, for RM85.86 million from Millennium Acres Sdn Bhd to develop transit environment district (TED) projects with … Read more
PETALING JAYA: Foreign investors net sold equities on Bursa Malaysia for the week ended Jan 20, at RM168.5 million, more than three times the amount net sold during the week ended Jan 13, according to MIDF Research. In its weekly fund flow report, it said that Bank Negara Malaysia (BNM) unexpectedly maintained its Overnight Policy … Read more
JOHOR BARU: Dialog Group Bhd has allocated an additional investment of RM700 million for the development of services facilities in Pengerang, Kota Tinggi through Morimatsu Dialog (Malaysia) Sdn Bhd. Johor Menteri Besar Datuk Onn Hafiz Ghazi said the development of the facilities would be carried out in three phases. “Dialog’s contribution is very significant to … Read more
PETALING JAYA: Malaysia’s trade soared to a new high in 2022, surpassing RM2 trillion for the second consecutive year and registered the fastest growth since 1994. Minister of International Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said exports reached RM1.552 trillion, exceeding the 12th Malaysia Plan projection for 2025 by 24%, three years … Read more
PETALING JAYA: The Malaysian Accounting Standards Board (MASB) has issued Lease Liability in a Sale and Leaseback (Amendments to MFRS 16 Leases). The amendments are word-for-word Lease Liability in a Sale and Leaseback (Amendments to IFRS 16 Leases) issued by the International Accounting Standards Board (IASB). MASB said the amendments clarify how companies should subsequently … Read more
JOHOR BARU: Johor Corporation (JCorp), the principal development institution and a leading economic enabler for Johor, today launched JLand Group Sdn Bhd (JLG) to focus on expanding its real estate and infrastructure capabilities as one of its core businesses. This follows JCorp’s transformation strategy to streamline business activities and service offerings of its subsidiaries, where … Read more
KUALA LUMPUR: The Securities Commission Malaysia (SC) today issued the revised Guidelines on Credit Rating Agencies (CRA Guidelines), which among others, enhance and strengthen the role, independence and objectivity of credit rating agencies (CRA) in providing credible credit rating opinion. The enhancement is part of the SC’s continuous efforts to inculcate and promote greater accountability … Read more
KUALA LUMPUR: Foreign investors began 2023 on a positive note by net buying RM72.3 million of Malaysian equities on Bursa Malaysia in the first week, compared with net selling of RM204.6 million during the final week of last year, according to MIDF Research. In its weekly fund flow report today, it noted that it was … Read more
PETALING JAYA: Property developer Radium Development Bhd has received approval from the Securities Commission to undertake an initial public offering (IPO) to list on the Main Market of Bursa Malaysia Securities. Group managing director Gary Gan Kah Siong said the group’s IPO will benefit stakeholders and support the country’s affordable housing agenda. “We are committed … Read more