PETALING JAYA: Malaysia’s new vehicle sales rose 53% to 67,659 units in September 2022 from 44,227 units in September 2021, according to the Malaysian Automotive Association (MAA). Year-to-date, the total vehicle sales increased 62% to 516,798 from 318,827 in 2021. The total industry volume for September 2022 was 0.1% higher than August 2022 (67,560 units). … Read more
PETALING JAYA: Former Caely Holdings Bhd executive chairman Datuk Wira Ng Chun Hau has filed a defamation lawsuit in the Kuala Lumpur High Court against Caely and its board of directors over alleged misappropriation of funds. Caely in a press release on Oct 6, 2022 alleged that Ng had misappropriated funds amounting to RM30.55 million … Read more
PETALING JAYA: Petroliam Nasional Bhd (Petronas) has signed a production sharing contract (PSC) with TotalEnergies EP Malaysia (TE), Petronas Carigali Sdn Bhd (PCSB), Sabah Shell Petroleum Company Ltd (SSPC) and Shell Sabah Selatan Sdn Bhd (SSS) for Block 2K, an ultra-deepwater block located off the coast of Sabah. Block SB 2K, with depth up to … Read more
PETALING JAYA: Cagamas Bhd, the National Mortgage Corp of Malaysia today introduced Skim Saraan Bercagar Islamik (SSB-i), a global-first Islamic reverse mortgage financing for senior citizen homeowners, which is aimed to help them fund their retirement in compliance with syariah principles. Cagamas president and CEO Datuk Chung Chee Leong (pix) said with the launch of … Read more
PETALING JAYA: Atlan Holdings Bhd recorded a net profit of RM2.61 million for the second quarter ended Aug 31, 2022 compared with a net loss of RM9.26 million in the corresponding quarter last year mainly thanks to the automotive segment. Revenue for the quarter increased over fourfold to RM87.76 million from RM19.34 million. For the … Read more
PETALING JAYA: Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) and Rand Group Malaysia development arm Rand Development Sdn Bhd have signed a memorandum of collaboration (MoC) to develop a smart city ecosystem, which will be adopted in Rand’s upcoming real estate projects. Under this MoC, Huawei Malaysia will provide Rand with an assortment of ICT … Read more
PETALING JAYA: Given that market sentiment may be weak in the run-up to the 15th general election (GE15), investors should look for sectors that are more agnostic towards the result of the election and with good fundamentals that are closely tied to the performance of the economy, such as the banking sector. MIDF Research said … Read more
BMW Group Malaysia managing director Hans de Visser Budget 2023 signaled a new era for electrified and sustainable mobility in Malaysia, where the future for electric vehicles (EV) is bright. We welcome the newly announced allocations in Budget 2023 that underpin the government’s commitment to our shared vision of electrification and sustainability. The extension of … Read more
PETALING JAYA: Ageson Bhd has entered into a memorandum of understanding (MoU) with Koperasi Belia Nasional Bhd through its indirect wholly-owned subsidiary Ageson Net Sdn Bhd on its appointment as the operator to manage the business operation of Koperasi Belia’s 4,000 smart vending machines. The MoU is to record the intention of Ageson Net to … Read more
PETALING JAYA: SP Setia Bhd yesterday started the first phase of its green initiatives in partnership with Tenaga Nasional Bhd (TNB) with the installation of solar panels at the SP Setia Corporate HQ in Setia Alam, Shah Alam. This is a part of the property developer’s green agenda to address the challenges of climate change … Read more
PETALING JAYA: Razer Fintech’s business-to-business arm Razer Merchant Services (RMS) aims to enable Payments Network Malaysia Sdn Bhd’s (PayNet) MyDebit Secure payment methods for 1,300 online merchants by the third quarter of 2023 in Malaysia to streamline card payment for debit and credit card holders. With 46 million MyDebit ATM cards in circulation, the MyDebit … Read more
PETALING JAYA: MNRB Holdings Bhd’s wholly owned subsidiary Takaful Ikhlas General Bhd and Bank Simpanan Nasional (BSN) today launched their five-year bancatakaful partnership to drive Islamic financial solutions to the community. The five-year tenure encompasses various projects structured, which includes introducing compelling and value-driven fee income models, co-creating propositions for BSN customers in accordance with … Read more
PETALING JAYA: RHB Banking Group through subsidiary PT RHB Sekuritas Indonesia (PT RHBSI) under RHB Investment Bank, aims to become a top 10 broker in Indonesia by 2024. The plan is part of the group’s new three-year Together We Progress 2024 (TWP24) strategy of building an integrated overseas business, where Indonesia will be one of … Read more