PETALING JAYA: Gamuda Land continues to strengthen its presence in northern Klang Valley with the strategic acquisition of a 532-acre parcel, located next to its existing 810-acre Gamuda Gardens township, for a purchase consideration of RM360 million. Gamuda Land CEO Chu Wai Lune said, “This acquisition will strengthen our presence in northern Klang Valley where … Read more
KUALA LUMPUR: Malaysia is heading in the right direction by signing several free trade greements (FTA) with recognised Asean member countries as well as bilateral partners as one of the best ways to open up foreign markets for Malaysian exporters. After a series of negotiations from October 2010 and an initial agreement in April 2016, … Read more
PETALING JAYA: Sunway Property has inked a memorandum of understanding (MoU) with Standard Chartered Malaysia (StanChart Malaysia) to offer preferential rates to customers who purchase the developer’s certified “green properties”, which is in line with its drive to advance sustainable communities. The MoU follows the developer’s enhancement of its Sunway Design and Development Architecture (SDDA) … Read more
SHAH ALAM: Sirim Tech Venture Sdn Bhd (STV), a subsidiary company of Sirim Bhd, recently formalised its collaboration with Gaia Pebbles Sdn Bhd through an outright sale agreement to transfer medical device technology to local industry players. With the agreement, STV will transfer the Portable Procedure Station (PPS) technology to boost Gaia’s business diversion in … Read more
KUALA LUMPUR: DS Sigma Holdings Bhd, a packaging products provider, launched the prospectus for its initial public offering (IPO) in a ceremony in Kuala Lumpur today. The prospectus launch was in conjunction with its listing on the ACE Market of Bursa Malaysia Securities Bhd targeted for Jan 6, 2023. To cater for its business expansion … Read more
PETALING JAYA: Bursa Malaysia Derivatives Bhd has launched the cash settled FTSE4Good Bursa Malaysia Index Futures (F4GM) contract, with the aim to meet the growing demand from Malaysian investors to include sustainable investment themes into their portfolios. F4GM is the first environmental, social and governance-based (ESG-based) futures contract launched by Bursa Malaysia Derivatives with the … Read more
KUALA LUMPUR: Integrated engineering solutions provider Kelington Group Bhd had reported an all-time record high quarterly revenue of RM366.4 million (Q3’22), an increase of 244.5% from RM106.4 million in the preceding year’s corresponding quarter. Net profit rose 97.3% to RM15.7 million as compared with RM8 million previously. Gross profit margin during the quarter however was … Read more
KUALA LUMPUR: Petronas Gas Bhd (PetGas) closed the third quarter of 2022 (Q3’22) with a lower profit after tax (PAT) of RM1.3 billion on unfavourable foreign exchange movement and prosperity tax. “The high energy prices and strong performing US dollar continue to influence PetGas’s financial results. Nevertheless, we are committed to effectively manage our operations … Read more
PETALING JAYA: CTOS Digital Bhd wholly owned subsidiary CTOS Data Systems Sdn Bhd recently signed a MoU with iBilik.com, an online accommodation provider for room rental, homestays and short term rentals. The recently-inked MoU will ease the vetting process on legitimate landlords and tenants by integrating a number of CTOS products into the iBilik.com platform … Read more
PETALING JAYA: AirAsia is resuming the induction of Second Officers who graduated from its cadet pilot program this month after a two-and-a-half year hiatus, to support manpower requirements for next year. The Second Officers will undergo ground training and type rating course for six months before being checked out as First Officers. A total of … Read more
PETALING JAYA: Foreign investors turned net sellers with outflow of RM275.92 million last week, reversing the net buying of RM292.7 million in the previous week. MIDF Research said three out of five trading days of the week saw net outflows, with the largest occurring on Thursday at RM265.04 million. This was followed by net selling … Read more
PETALING JAYA: Capital A Bhd’s fintech unit BigPay has partnered with licensed crypto payment gateway TripleA to launch crypto top-up for users to convert crypto assets into spending cash through BigPay debit cards. The cryptocurrencies accepted are bitcoin, ethereum, USD coin, and tether, with plans to expand the accepted currencies in the near future. The … Read more
PETALING JAYA: Jentayu Sustainables Bhd’s hydropower plant Telekosang Hydro One Sdn Bhd (pic) has reached its initial operation date (IOD) last Saturday, generating and supplying electricity to Sabah’s power grid system. Telekosang Hydro is set to be one of Malaysia’s largest run-of-river hydropower plants, expected to generate 245,000 MWh of electricity annually. It has provided … Read more