Category: Business

PETALING JAYA: Bermaz Auto Bhd (BAuto) reported group revenue of RM528.6 million and profit before tax (PBT) of RM34.6 million for the fourth quarter ended April 30, 2025 (Q4’25), compared to RM937.5 million and RM130.6 million respectively in the corresponding quarter last year. In a statement, the company said group revenue declined by RM408.9 million… Continue reading BAuto posts RM34.6m pre-tax profit for Q4, declares 1.5 sen interim dividend

PETALING JAYA: Malaysian businesses are grappling with rising costs and persistent supply chain disruptions, prompting them to reconsider their strategies and investment plans. According to HSBC’s 2025 Global Trade Pulse Survey, the ongoing changes in tariffs and evolving trade policies continue to exert pressure on local companies, reshaping the landscape for growth and operations. Insights… Continue reading Rising costs top concern of Malaysian businesses: HSBC survey

PETALING JAYA: The Malaysia Automotive Robotics and IoT Institute (MARii) and Petroliam Nasional Bhd (Petronas) project management and technical services commercialisation arm Petronas Global Technical Solutions Sdn Bhd (PGTSSB), have established a strategic collaboration aimed at revolutionising vehicle maintenance through advanced technology. The collaboration focuses on harnessing the energy company’s Advanced Diagnostic and Prognostic Technology… Continue reading MARii, Petronas collaborate to bring ADaPTIV to automotive industry

KUALA LUMPUR: Leading integrated builder conglomerate Chin Hin Group Bhd’s wholly-owned subsidiary, Starken AAC Sdn Bhd (SAAC), has signed a memorandum of understanding (MoU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MoU marks Chin Hin’s strategic expansion… Continue reading Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its third manufacturing plant

PETALING JAYA: Electronics manufacturing services provider VS. Industry Bhd posted revenue of RM909.4 million for the third quarter ended April 30, 2025 (Q3’25) versus RM1.01 billion in the corresponding period a year ago. Parallel with the top-line performance, Q3’25 net profit stood at RM23.4 million, compared to RM54.4 million in the previous corresponding quarter. The… Continue reading VS Industry feels impact of lower sales orders, higher expenses and unfavourable forex

PETALING JAYA: Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, registered a strong start to 2025, posting earnings before interest, taxes, depreciation and amortisation of US$4.3 million (RM18.1 million) in the first quarter, continuing the positive momentum from its profitable close to FY24. In Q1’25, the group’s gross profit rose 12% year-on-year, while… Continue reading Carsome off to strong start with US$4.3 million Ebitda in Q1

KUALA LUMPUR: Asia-Pacific Economic Cooperation (Apec) finance ministers will launch a new roadmap to replace the Cebu Action Plan this October. Deputy Finance Minister Lim Hui Ying said the new roadmap will define the priorities of the Apec Finance Ministers’ Process (FMP) over the next five years. “It will identify the FMP’s medium-term initiatives and… Continue reading Apec finance ministers to unveil new roadmap to replace Cebu Action Plan in October

KUALA LUMPUR: Engineering and project management consultant HSS Engineers Bhd (HEB Group) is looking to accelerate diversification and drive sustainable growth in the financial year ending Dec 31, 2025 (FY25) and beyond. HEB Group has strategically deepened its involvement in emerging high-growth sectors to broaden its sectoral coverage, while maintaining an entrenched presence in its… Continue reading HEB Group to speed up diversification to drive sustainable growth

KUALA LUMPUR: Malaysia has secured RM89.8 billion in approved investments in the first quarter of 2025 (Q1’25), a steady 3.7% year-on-year increase despite a challenging global economic backdrop. In a statement today, the Malaysian Investment Development Authority (Mida) said these investments, spread across 1,556 projects in manufacturing, services and primary sectors, are set to generate… Continue reading Malaysia records RM89.8 billion approved investments in first quarter

KUALA LUMPUR: APS, a global leader in aircraft propeller maintenance, repair and overhaul (MRO), has received certification from the Civil Aviation Authority of Malaysia (CAAM) for its Asia-Pacific facility in Shah Alam, Selangor. The CAAM certification is a key milestone in preparing the Malaysia facility to serve as APS’ regional centre of excellence for propeller… Continue reading APS’s Apac facility in Shah Alam gets CAAM approval

PETALING JAYA: The Master Builders Association Malaysia (MBAM) expressed deep concern regarding the government’s recent announcement to impose the revised Sales and Service Tax (SST) on construction services effective July 1. MBAM president Oliver HC Wee said the construction industry is already subject to multiple layers of taxation across various aspects of project execution –… Continue reading MBAM urges govt to reconsider move to impose revised SST on construction services

KUALA LUMPUR: The implementation of revised sales tax rates on essential goods at zero per cent is projected to have a “neutral” impact on the consumer (both staples and discretionary), basic construction and plantation sectors, according to Maybank Investment Bank Bhd (Maybank IB). In a note today, the investment bank said the zero per cent… Continue reading Maybank IB: Zero pct sales tax on essential goods seen as ‘neutral’ for consumer sector

KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday, as the market resumed its observation on further trade negotiations between the United States (US) and China in London, an analyst said. At 8 am, the local note rose to 4.2290/2380 versus the greenback from Tuesday’s close of 4.2360/2420. Bank Muamalat Malaysia Bhd… Continue reading Ringgit opens higher against greenback as US-China trade talks resume

PETALING JAYA: The timing and the manner of the implementation of the expanded Sales and Services Tax (SST) effective July 1 raise serious concerns for SMEs, said Small and Medium Enterprises Association Malaysia (Samenta). Its national president, Datuk William Ng, said while the intention to strengthen government revenue is understandable, SMEs are seriously concerned as… Continue reading Samenta seeks sectoral guidelines, higher threshold for SMEs in expanded SST implementation

AUSTIN: Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars. BYD shook up China’s smart-EV industry earlier this year by offering its “God’s Eye” driver-assistance package for… Continue reading Tesla’s self-driving future faces threat from China rivals

KUALA LUMPUR: foodpanda Malaysia is looking to increase vendor onboarding by 50% this year as price competition intensifies in the consumer space. Managing director Tan Ming Luk said the company has doubled its investments to grow the business development team to support the increase in vendor partnerships. “We’re onboarding 50% more vendors month-to-month this year… Continue reading foodpanda Malaysia aims to boost vendor onboarding by 50% this year

KUALA LUMPUR: Paradigm Real Estate Investment Trust (Paradigm REIT) has three hotels and a commercial gateway in its acquisition pipeline for the next three years. The assets are Hyatt Place Johor Bahru Paradigm Mall, Le Méridien Petaling Jaya, Premier Hotel Klang and Gateway@Kuala Lumpur International Airport (KLIA) Terminal 2. Paradigm REIT Management Sdn Bhd’s investment,… Continue reading Paradigm REIT has three hotels and one commercial gateway on its acquisition radar

KUALA LUMPUR: AIngineer Sdn Bhd, a pioneering industrial AI venture incubated in PING23 Sdn Bhd or Petronas Innovation Garage (PING) has entered into a strategic collaboration with Microsoft, accelerating deployment of cutting-edge AI solutions across energy and heavy industries. Bringing together AIngineer’s domain expertise in industrial AI with Microsoft’s technological strengths, this collaboration will drive… Continue reading AIngineer, Microsoft join forces to drive industrial AI

KUALA LUMPUR: Taiwan Expo 2025 in Malaysia is set to take place from June 23 to 25, 2025, at the Kuala Lumpur Convention Centre (KLCC). Over 200 Taiwanese exhibitors will showcase their products and services, focusing on five key themes: AI & Industry 4.0, Health & Wellness, Green & Sustainability, Smart Lifestyle, and Culture &… Continue reading Taiwan Expo 2025 in Malaysia opens doors to new partnerships from June 23

HONG KONG: Asian stocks squeezed out more gains Tuesday as the latest round of China-US trade talks moved into a second day, with one of Donald Trump’s top advisers saying he expected “a big, strong handshake”. There is optimism the negotiations — which come after the US president spoke to Chinese counterpart Xi Jinping last… Continue reading Asian markets extend gains as China-US talks head into second day

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Tuesday amid caution about the outcome of trade talks between China and the United States. At 8 am, the local note made a small rebound to 4.2275/2370 against the greenback compared to Monday’s close of 4.2290/2345. Bank Muamalat Malaysia Bhd’s chief economist, Dr… Continue reading Ringgit slightly up against US dollar amid cautious sentiment

KUALA LUMPUR: Catcha Digital Bhd (formerly REV Asia Bhd) is banking on bold dealmaking to scale its Southeast Asian operations – even as market scepticism and macro uncertainty persist. CEO Eric Tan said Catcha Digital is aggressively pursuing a buy-and-build strategy to become Southeast Asia’s leading digital conglomerate. “You may have noticed we do quite… Continue reading Catcha Digital adopts ‘bold dealmaking’ and ‘buy-and-build’ approach to become region’s number one

KUALA LUMPUR: Sarawak-based building and infrastructure construction company Hartanah Kenyalang Bhd expects to secure 10% to 15% of projects with an aggregate contract value of RM451 million that it has tendered for by the end of 2025. “Many of the projects are open tender, so there are many tenders involved. However, one of the projects… Continue reading Hartanah Kenyalang hopeful of securing more Sarawak infrastructure projects

PETALING JAYA: Petroliam Nasional Bhd (Petronas) is undergoing a strategic transformation to become a more agile and integrated company that continues to deliver safe, reliable and sustainable energy solutions, the company said in a statement. In light of complex global and domestic challenges, Petronas is conducting a thorough review of its operations – including assets,… Continue reading Petronas remains steadfast in transformation to drive future growth

PETALING JAYA: Proton Holdings Bhd’s international sales division (ISD) has launched its first electric vehicle, the Proton e.MAS 7, in Trinidad and Tobago. The country is the second international market for the model and comes three months after its international debut in Nepal. Launched in Malaysia in December last year, the e.MAS 7 is already… Continue reading Proton e.MAS 7 is now available in Trinidad and Tobago

PETALING JAYA: PT Resources Holdings Bhd (PTRB), which is involved in the processing and trading of frozen seafood products as well as trading of meat and non-meat products, has established a coconut processing facility under its wholly owned subsidiary, Fujian HJS International Holdings Co Ltd. The facility is located in the China-Indonesia Food Industrial Park… Continue reading PT Resources enhances capabilities with coconut processing facility in Fujian, China

PETALING JAYA: Property developer LBS Bina Group Bhd’s special purpose vehicle, Suria Hijauan Sdn Bhd, has secured a RM88.4 million green financing facility from Alliance Bank Malaysia Bhd to fund the engineering, procurement, construction and commissioning (EPCC) costs for its maiden 43 MWp solar farm project. The project, which is under the Corporate Green Power… Continue reading LBS Bina secures RM88.4m green financing for solar farm project

KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday as the greenback strengthened amid renewed volatility from a challenging global economy outlook for the second half of 2025. At 8.03 am, the local note stood at 4.2375/2560 against the greenback, easing from Friday’s close of 4.2270/2360. Bank Muamalat Malaysia Bhd chief economist… Continue reading Ringgit opens lower vs greenback amid challenging global economy