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Construction Set To Level Up Further
Most Malaysian construction players charted earnings growth and should continue booking better progress billings, as evidenced by the total value of work done – at MYR36.8bn (+14% YoY), ie the highest...
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Hibiscus Petroleum Trading Temporarily Suspended On Bursa Malaysia
Hibiscus Petroleum Bhd’s (HIBISCS) has had its trading suspended with effect from 9.00a.m. until 5p.m. on Friday 14 June 2024, pending the release of a material announcement. AmInvestment Bank Berhad...
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Solarvest’s Office Purchase To Raise Net Gearing
Solarvest Holdings’ (Solarvest) wholly-owned subsidiary, Solarvest Energy Sdn Bhd, has entered into a 3 separate conditional sales and purchase agreement (SPAs) with BK Alliance Sdn Bhd to acquire 4...
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New Port RM2 Billion To Be Built Amid Supply Chain Shift Near Kuala Lumpur
Malaysia will build a new container port along the western coast of the Malay Peninsula facing the Malacca Strait, one of the world’s busiest sea lanes, as the country prepares to capture logistics...
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Ministry Summons 10 Companies Over Price Hike Announcement
The Ministry of Domestic Trade and Cost of Living (KPDN) has issued Written Notices (WN) to 10 companies that announced price increases for goods and services following the diesel subsidy targeting,...
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Hibiscus To Acquire TotalEnergies Brunei Ops For US$259.4 Million
Hibiscus Petroleum Berhad has announced that its wholly owned subsidiary Simpor Hibiscus Sdn Bhd has entered into a conditional Share Purchase Agreement with TotalEnergies Holdings International B.V....
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MM2H Programme To Introduce New Regulations Following Cabinet Approval
The Malaysia My Second Home (MM2H) programme is set to undergo new regulations following approval from the Cabinet, according to Datuk Seri Tiong King Sing, Minister of Tourism, Arts and Culture....
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Maybank Leads 89 Malaysian Companies On Fortune Southeast Asia 500 List
Fortune has launched its first-ever Southeast Asia 500 rankings, listing the largest companies in the region by revenue for the 2023 fiscal year. This new ranking highlights the growing significance of...
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IPO Note: UUE Holdings – An Underground Utility Expert Wired Towards Success
Established near to 15 years, UUE engaged in the underground utilities engineering industry, specialising in Horizontal Directional Drilling (HDD) method, with the presence in Malaysia and Singapore...
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Evergreen Group Announces Strategic Partnership With UbbIB Amid Acquisition...
Evergreen Group will sign a Strategic Partnership Agreement with UBB Investment Bank Limited (UbbIB), a prominent licensed investment bank headquartered in Malaysia on June 21, 2024. This strategic...
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Embracing The Joy Of Exploring New Skills
By Emeritus Professor Dr Ng Kwan-Hoong The Renaissance, a period of rebirth in arts, science, and culture from 1359 to 1600, was a time when society celebrated versatility. This era saw the emergence...
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Analysts Upbeat As Telekom Malaysia May Attain More Customers Through Nxera JV
Telekom Malaysia (TM) has entered into a 51:49 JV with Nxera, a unit of SingTel, to build greenfield data centres (DC) in Malaysia. Kenanga Investment Bank (Kenanga), in a note today (June 19) said,...
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IPO: KTI Landmark’s Debuts Flat On Ace Market Matching Listing Price
Sabah-based integrated property developer KTI Landmark Berhad’s (KTI) initial public offering (IPO) for the public portion saw its debut on Bursa Malaysia’s Ace Market today opening at 30 sen matching...
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Data Centre, 5G Boosting FDI Prospects
Data center and external trade revival are key FDI supporters. Measured in terms of percentage to GDP, Malaysia’snet inflows of FDI remained steady above +50% level since 2021. This was mainly...
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Top Glove’s Fortune Reverses, Records RM50 Million Profit For Q3
Top Glove Corporation Bhd announced its financial results for the Third Quarter ended 31 May 2024 (3QFY2024), emerging from a protracted period of industry wide glove demand/supply imbalance, to...
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IPO Note: Ocean Fresh Netting Bigger Catches In International Markets
The years between FY20 to FY23 has seen Ocean Fresh Berhad’s (OFB) revenue from international markets grow from RM84m to RM132m (+57.1%). Currently, OFB exports to China through importers. Malacca...
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Telecommunications: 5G Situation Keenly Watched
Malaysian telcos had a typical seasonal start to the year, with continued weight on ARPUs from inflationary pressures and the tight competition. Upselling of mobile fibre bundles remains a key focus,...
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Malaysia To Join World Expo 2025 At Osaka, Japan
The Deputy Prime Minister, Datuk Sri Fadillah Yusof, officially launched Malaysia’s participation in the World Expo 2025 in Osaka, Japan today (June 20). The aim of the participation is to showcase...
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Malaysia’s Trade Hits New Record In May Since 2022 To RM246.31 Billion
MATRADE released the latest trade repoprt for May 2024, based on the data the country’s trade remained resilient and buoyant, recording a double-digit year-on-year growth of 10.3% to RM246.31 billion....
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Is BRICS Resilient And Powerful Enough?
By: Collins Chong Yew Keat BRICS is an intergovernmental organization established in 2006 comprising Brazil, Russia, India, China and South Africa, originally slated to foster deeper economic ties and...
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