KUALA LUMPUR: The Malaysian economy grew at a faster pace in the third quarter this year compared with the second quarter. The advance estimate of gross domestic product showed a year-on-year (y-o-y) growth of 3.3% in the third quarter of 2023, surpassing the 2.9% y-o-y growth recorded in the second quarter. The growth was propelled … Read more
PETALING JAYA: Berjaya Land Bhd has signed an agreement for a syndicated loan of US$330 million (RM1.57 billion) with a consortium of Japanese financial institutions, led by Tokyo Star Bank, Ltd and co-led by Okinawa Development Finance Corporation (ODFC) and Bank of The Ryukus. The syndicated loan facility is to fund the development of the … Read more
PETALING JAYA: airasia MOVE (formerly airasia Superapp) has appointed Nadia Omer as its new CEO effective today, taking over the helm from Mohamad Hafidz Mohd Fadzil who had served as airasia MOVE’s acting CEO since April this year. Nadia has a track record in category conversion, consumer habit change and ecosystem value creation from her … Read more
PETALING JAYA: Curlec by Razorpay, the full-stack payments solution provider, is now a member of the national payments network and infrastructure, Payments Network Malaysia Sdn Bhd (PayNet). As the first new member of PayNet since 2019, Curlec is now empowered to drive the adoption of real-time payment processing across a wider cross-section of Malaysia than … Read more
PUTRAJAYA: Malaysia’s Producer Price Index (PPI) , which measures the prices of goods at the factory gate, increased by 0.2% in September 2023 compared with negative 2.2% in August 2023, the Department of Statistics Malaysia reported today. This is the first increase after seven consecutive months of decline since February 2023, due to the base … Read more
KUALA LUMPUR: Aneka Jaringan Holdings Berhad, a basement and foundation construction specialist, reported a turnaround in its financial performance for the fourth quarter ended Aug 31, 2023 (4Q FYE2023). The Group reported a revenue of RM51.52 million, a 1.10% increase compared to RM50.95 million in the corresponding quarter of the previous financial year (4Q FYE2022). … Read more
PETALING JAYA: MGB Bhd, a construction and property development solutions provider and a listed subsidiary of LBS Bina Group Bhd, has signed a tripartite memorandum of understanding (MoU) with Almqr Development Co and Alameriah Real Estate Development Company to explore opportunities in Saudi Arabia. Almqr was established by royal decree to serve as the investment … Read more
KLANG: Total door system solution provider Econframe Berhad, in announcing its fourth quarter (4QFY23) and full year financial results today for the period ended Aug 31, 2023 (FY23), posted top and bottom-line year-on-year (YoY) growth, which culminated in its record-breaking full year performance. FY23 revenue jumped 27.8% YoY to RM75.9 million from RM59.4 million a … Read more
KUALA LUMPUR: Financial services conglomerate Affin Group today announced a strategic collaboration with Porsche Malaysia to provide the banking group’s customers with a priority financing lane for them to own the new Porsche Cayenne and the all-electric Porsche Taycan. With Affin’s auto financing expertise, Affin customers can now select and personalise their new Porsche vehicle … Read more
KUALA LUMPUR: AmBank Group has granted a RM450 million financing facility to Tanjung Pinang Development Sdn Bhd (TPD), a 100% subsidiary of Eastern & Oriental Bhd (E&O). The facility is to finance sustainable development projects of Andaman Island, Penang. As part of the bank’s aim to achieve significant volume in financing this financial year, the … Read more
KUALA LUMPUR: Main Market-listed EP Manufacturing Berhad (EPMB or Group) announced today that its subsidiary, PEPS-JV (Melaka) Sdn Bhd has signed a Memorandum of Understanding (MoU) with Great Wall Motor Sales Malaysia Sdn Bhd (GWM Malaysia), a subsidiary of Great Wall Motor Co., Ltd. (GWM), for local assembly and manufacturing in Malaysia. Under the MoU, … Read more
CYBERJAYA: Dagang NeXchange Berhad (DNeX) via wholly owned subsidiary Dagang Net Technologies Sdn Bhd (Dagang Net) has clinched a contract from the Port Klang Authority (PKA) to provide comprehensive services including the development, implementation and maintenance of the Malaysia Maritime Single Window (MMSW) Phase 1. The contract, valued at RM18 million, is scheduled to run … Read more
MIRI: Integrated timber giant Samling Timber Group today signed a memorandum of understanding (MoU) with Loggo IP Pty Ltd (LIP), an Australian developer of engineered wood products using planted wood species such as acacia and eucalyptus for building systems. The buildings include houses, commercial and government complexes, three-storey walk-ups, shop-top houses as well as mid-rise … Read more