PETALING JAYA: KPower Bhd’s 70%-owned subsidiary Granulab (M) Sdn Bhd today launched Prosteomax, a halal-certified synthetic bone cement. Prosteomax has been certified halal by the Malaysian Islamic Development Department and registered with Malaysian Medical Device Authority for orthopaedics, cranio, dental and maxillofacial applications. KPower group CEO Amirul Afif Abd Aziz anticipates an increase in demand … Read more
PETALING JAYA: Property developer Matrix Concepts Holdings Bhd recorded an all-time high RM1.3 billion in new property sales for the financial year ended March 31, 2022 (FY2022), surpassing the previous year’s achievement of RM1.2 billion. The sales growth of 11.3% was driven by robust demand for affordable-premium residential homes in the group’s flagship Sendayan Developments. … Read more
PETALING JAYA: Razer Merchant Services (RMS), the business-to-business arm of Razer Fintech, has won the Best Non-Bank FPX Acquirer for the e-Payments Acceptance Growth category for the second year in a row at the Malaysian e-Payments Excellence Award (MEEA) 2022. The annual MEEA award by Payment Network Malaysia (PayNet Malaysia) honours banks, non-bank participants, businesses … Read more
PETALING JAYA: Smart community platform MyTaman by Zoinla (M) Sdn Bhd has launched a visitor self-service (VSS) kiosk platform to help minimise human contact during business visits and to replace the need for a registration desk in the future. The VSS kiosk has features that include allowing visitor or employees to pre-register their attendance, scan … Read more
PETALING JAYA: Berjaya Land Bhd (BLand) posted a pretax profit of RM88.18 million in the third quarter ended March 31, 2022 compared with a net loss of RM17.21 million a year ago mainly contributed by higher profit contribution from its gaming business segment, positive contribution from all the other main business segments and a gain … Read more
PETALING JAYA: International traffic at Malaysia Airports Holdings Bhd’s (MAHB) local network of airports increased 53% after the border reopening on April 1, 2022. Since then, the group recorded an average of 23,000 international passenger movements daily, with numbers peaking above 30,000 during the Hari Raya festive break. On the whole, the airports recorded a … Read more
PETALING JAYA: Foreign investors continued to be net buyers again but buying dropped to RM26.15 million last week compared to RM56.9 million in the week prior. MIDF Research said local retailers turned net sellers, after five consecutive weeks of being net buyers, with net outflows of RM8.03 million. Meanwhile, local institutions continued to be net … Read more
PETALING JAYA: Foreign investors turned net buyers again after a week of net selling the week before, with net inflows summed up to RM56.9 million last week. In its weekly fund flow report, MIDF Research said local retailers remained net buyers for the fifth consecutive week at RM234.8 million while local institutions turned net sellers … Read more
PETALING JAYA: Razer Fintech’s business-to-business arm Razer Merchant Services (RMS) has become the first acquirer to enable acceptance of Discover Global Network card at e-commerce merchants in Malaysia. By 2023, RMS aims to enable 2,000 e-commerce merchants in Malaysia to accept Diners Club International, Discover and affiliate network cards for online transactions. The scheme enables … Read more
PETALING JAYA: The Center for Market Education (CME) said it would have preferred to see the political will to cut government spending rather than the interest rate increase in addressing inflation. Additionally, it said, there is a need for more private investments – which are based on market signals and may be discouraged by the … Read more
PETALING JAYA: Tropicana Corp Bhd recently announced vacant possession (VP) for owners at Triana shop-offices (pix) in Tropicana Aman, the developer’s largest 863 acres self-contained township in Kota Kemuning, Selangor. The 18.4 acres hub features visibility and open layouts for business arrangements with VP undertaken for 54% of its double and triple-storey shop offices. Tropicana … Read more
MALAYSIA’s manufacturing sector has been critical to the country’s economic transformation. Despite a challenging economic environment due to the pandemic over the last two years, Malaysia has continued to attract massive investments in the manufacturing sector. The IHS Markit Malaysia Manufacturing Purchasing Managers’ Index was 50.9 in February 2022, up from 50.5 the previous month, … Read more
PETALING JAYA: AirAsia Aviation Group Limited’s (AAAGL) new aviation consultancy arm AirAsia Consulting has been appointed by Bangladesh’s Fly Dhaka for the provision of consulting services to the new start-up airline. Established in April 2021, AirAsia Consulting utilises AAAGL’s experience, expertise and performance to offer a wide range of services for airline clients. These include … Read more