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Johor Plantation Group Signs Retail Underwriting Agreement With 4 Banks
Johor Plantations Group Berhad has signed a retail underwriting agreement with RHB Investment Bank Berhad, AmInvestment Bank Berhad, CIMB Investment Bank Berhad and Affin Hwang Investment Bank Berhad...
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Malaysia’s GDP Growth Created More Jobs In Q1
The Department of Statistics released the latest data on employment in Malaysia, with labour supply expanding further, at an increased participation rate of 0.4 percentage points year-on-year to 70.2...
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Continued Rise In LI Reflects An Optimistic Malaysian Economy
The Leading Index (LI) for Malaysia remained in a positive growth for four consecutive months, recording a rise of 2.3 per cent to 112.2 points in March 2024 as compared to 109.7 points in the same...
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Improved Governance Measures Implemented To Combat Electricity Theft
A collaborative effort has been initiated between the Malaysian Anti-Corruption Commission (SPRM) and Tenaga Nasional Berhad (TNB), supported by the Energy Commission (ST) to address corruption issues...
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Tourist Arrivals Should Bring A Good 1Q24F For Genting Malaysia
Genting Malaysia (GENM) will be reporting its 1Q24 results on 30 May 2024. CGS International, in a Company Note today (May 27), said they expect GENM’s Malaysian operations to post qoq and yoy...
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Genting Bhd, A Laggard Poised To Play Catch-Up
CGS International (CGS) said today (May 27), they reiterate their Add rating on Genting Bhd (GENT) with a higher TP of RM7.20, based on an unchanged 30% holding company holding company discount to SOP....
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EPB Group Realising Expansion Plans With Ace Market Listing
EPB Group Berhad announced that it has received the approval from Bursa Malaysia Securities Berhad to list on the ACE Market of Bursa Securities. The listing exercise, is set to offer a total of...
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Continuous Learning: Essential In A Fast-Paced World
In today’s fast-paced world, the importance of continuous learning cannot be overstated. With technological advancements accelerating at an unprecedented rate and competition in the marketplace...
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YTL Power To Acquire 31% Stake In Ranhill For RM405 Million
YTL power has announced that SIPP Power, an indirect 70% owned subsidiary of the group had entered into an unconditional share purchase agreement with Tan Sri Hamdan Mohamad for the acquisition of...
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CelcomDigi Reports Solid Q1, Subscriber Base Jumps To 20.5 Million
CelcomDigi Berhad announced its first quarter results for the Financial Year 2024 with underlying Profit After Tax (PAT) improving 50.2% Y-Y to RM482 million, while Service Revenue was at RM2,671...
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Sharp Rise In Fraudulent Credit Card Applications Detected
CTOS Digital Berhad has reported significant advancements in fraud detection, flagging RM519 million in potentially fraudulent applications over the past 45 months. This data, captured from 9.44...
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IPO: Kawan Renergy Enters Ace Market Surging 50% Higher At 45 Sen
Kawan Renergy Berhad’s stock rose 50% on its entrance on Bursa Malaysia’s Ace Market via its initial public offering (IPO) today. Kawan Renergy opened at 45 sen versus its IPO price of 30 sen per...
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SMEs Lag In AI Adoption Adding To Critical Challenges
Small and Medium Enterprises (SME) often find themselves navigating through a myriad of challenges, ranging from global inflationary pressures to local regulatory adjustments. Among the entities at the...
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Shell Malaysia Opens Applications For Prestigious Scholarship Programme
Shell Malaysia has announced the commencement of applications for its esteemed Shell Scholarship Programme, extending an invitation to all students aspiring to pursue a career in the energy sector....
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Tambun Indah Land Beats Expectations
Tambun Indah Land Berhad’s (TILB)’s 1Q24 net profit of MYR15m (+38% YoY, +33% QoQ) and 1Q24 locked in sales of MYR88m were above expectations. Maybank Investment Bank (Maybank IB) said today (May 29)...
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Google Commits RM9.4 Billion Investment In Malaysia For Data Centre
In its goal to accelerate digital transformation in Malaysia, Google has committed an investment of RM9.4 billion (USD2 billion) for the development of its first Google data centre and Google Cloud in...
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MyEG Could See Earnings From Zetrix Overtake e-Gov Services
MIDF said it is keeping its BUY recommendation on MYEG with a higher target price of RM1.38 post the 1QFY24 results announcement. The group continues to record commendable earnings growth premised on...
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Maybank Ready To Offer Financing For Palm Oil, Power Sector Clients In...
With an interim emission target for 2030 and net zero emissions by 2050, Maybank said it is focusing on a collaborative approach and determined to work alongside clients, assisting them in...
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Bumi Armada Sails Into 2024 With Q1 Profit Rising 20% To RM240 Million
Bumi Armada Berhad announced its first quarter 2024 financial results with revenue off RM635.5 million a marginal increase of RM12.5 million compared to Q4 2023. Operating profit before impairment was...
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Amir Hamzah: Malaysia To Float Diesel Prices, Target Subsidies To Curb Fuel...
The government will implement a floating diesel price mechanism alongside targeted diesel subsidies to curb fuel subsidy leakages, which have become increasingly prevalent. Finance Minister II Datuk...
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