PETALING JAYA: Petroliam Nasional Bhd (Petronas), through Petronas Marine brand, has conducted its first LNG bunkering operation in Sabah via its dedicated LNG Bunker Vessel (LBV), MV Avenir Advantage (pix). The LNG bunkering for HL Green, the world’s largest 180,000-tonne LNG-powered vessel, was carried out 12 nautical miles from Sandakan Port. The operation was an … Read more
PETALING JAYA: Zelan Bhd’s external auditor, Messrs Al Jafree Salihin Kuzaimi PLT, has expressed an unqualified opinion with material uncertainty related to going concern in its Independent Auditors’ Report in respect of the financial statements of the group for the financial year ended Dec 31, 2020 (FY20). An extract of the report revealed that as … Read more
PETALING JAYA: The 12th Malaysia Plan’s (12MP) new measures foresee big changes in the property sector by 2025, with the share of transactions below RM300,000 expected to increase, coupled with more activity in the price ranges most suitable for B40 and M40 buyers. Juwai IQI co-founder and group CEO Kashif Ansari (pix) said the lower … Read more
PETALING JAYA: AirAsia Group Bhd is transforming its present mainly-A320 aircraft fleet to the higher-capacity, more fuel-efficient A321neo with the signing of an amendment agreement with Airbus SAS, in which AirAsia will convert its remaining A320 aircraft orders to the A321neo. The contract marked AirAsia’s commitment to purchase the largest model in the best-selling A320 … Read more
PETALING JAYA: There is a hive of activity buzzing by digital banks who believe financial wellness and digital money management tools are at the forefront of growing market share in the new engagement banking era. 64% of Malaysian retail banking decision makers said their company is increasing spending on digital and engagement financial wellness initiatives … Read more
PETALING JAYA: Malaysia is leveraging trade and investment opportunities at the Expo 2020 Dubai and anticipates about 40 memorandums of understand to be signed at business-to-business, government-to-government and government-to-business levels, which will strengthen the prospects of achieving between RM8 billion and RM10 billion in potential business leads. Malaysia, which has always viewed the world expo … Read more
PETALING JAYA: Heineken Malaysia Bhd has joined the 30% Club Malaysia, a local chapter of the global business-led campaign focused on building an ecosystem of businesses to promote diversity, equity and inclusion (DEI) with a focus on gender balance on boards and C-suites. Joining the 30% Club further underlines Heineken Malaysia’s efforts in promoting inclusion … Read more
PETALING JAYA: The Penang housing market will recover in 2022, according to new analysis released today by real estate technology group Juwai IQI. Juwai IQI co-founder and group CEO Kashif Ansari said in 2022, it expects residential real estate in Penang to bounce back more quickly than in any other part of Malaysia, except Johor. … Read more
PETALING JAYA: Searches on Airbnb for Langkawi surged by over 13 times month-over-month in the week of Sept 13, 2021 when the travel bubble to the popular archipelago was launched. In the same period, searches for Airbnb stays in Port Dickson increased over 360% month-over-month, while searches for stays in Malacca grew 270%. Airbnb is … Read more
PETALING JAYA: Business sentiment among small and medium enterprises (SMEs) improved in the third quarter of the year (Q3’21), recovering from the slump recorded in the last quarter’s survey amid the reimposition of the movement control order (MCO) 3.0, according to the RAM Business Confidence Index (BCI). The Q3’21 RAM Business Confidence Index (BCI) survey … Read more
PETALING JAYA: Kenanga Investment Bank has recommended IJM Plantations Bhd shareholders to accept the unconditional mandatory takeover offer of RM3.10 per share from Kuala Lumpur Kepong Bhd (KLK) for shares it does not already owned, as the price is “fair and reasonable”. Through an independent advice circular, the bank stated that the offer price represents … Read more
PETALING JAYA: Berjaya Corp Bhd’s (BCorp) revenue more than doubled to RM1.75 billion in the fourth quarter ended June 30, 2021 from RM859.02 million in the same quarter of the previous year, largely attributed to the contribution from its gaming operations, motor distribution business, as well as various other segments. The quarter also saw its … Read more
PETALING JAYA: Sime Darby Property Bhd has signed a shareholders’ agreement with logistics specialist Logos SE Asia Pte Ltd (Logos Property) to establish a fund management platform to manage funds for the logistics sector as well as to provide development services. The shareholders’ agreement governs the parties’ relationship as shareholders to a joint venture company … Read more