Category: Business

PETALING JAYA: As the Proton e.MAS brand marks its first anniversary, Proton Holdings Bhd subsidiary Pro-Net reported that e.MAS 7 continues to be the No. 1 electric vehicle (EV) in Malaysia, with 3,632 units sold as at May 31 – comprising 3,399 units locally and 233 exported. Achieving this milestone within just five months since… Continue reading Proton e.MAS 7 becomes Malaysia’s fastest-selling EV, 3,632 units sold as at May 31

KUALA LUMPUR: Crude oil prices are expected to remain under pressure and could fall below US$65 (RM274) per barrel (pb) due to persistent oversupply and weaker demand projections, according to MIDF Amanah Investment Bank Bhd (MIDF Research). However, MIDF Research noted that prices may stabilise over the longer term, even as inventories continue to rise.… Continue reading MIDF Research: Crude oil prices to remain under pressure as supply outpaces demand

PETALING JAYA: Main Market-listed diversified conglomerate Meta Bright Group Bhd’s wholly owned subsidiary FBO Land (Serendah) Sdn Bhd (FLSSB) has secured maiden energy efficiency zero capex contracts from TMG Mart Sdn Bhd, a grocery and supermarket operator under the Tunas Manja Group. The contracts involve implementing an energy efficiency system – Demand Control Drive (DCD)… Continue reading Meta Bright clinches maiden energy efficiency zero capex contracts from TMG Mart

ARE independent directors’ employees of the company, or are they consultants providing services to the company? The treatment for e-invoicing, service tax and income tax will be dependent on the answer to this question. At the moment, the treatments adopted for e-invoicing, service tax and income tax do not seem to be aligned. The common… Continue reading Tax Matters – Are independent directors employees or consultants?

KUALA LUMPUR: The ringgit is likely to trade around RM4.22 to RM4.23 next week, said an analyst. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that next week multiple United States (US) economic data will be out, namely the US Consumer Price Index (CPI) and Producer Price Index (PPI) for the… Continue reading Ringgit likely to trade within RM4.22-RM4.23 against greenback next week

KUALA LUMPUR: Solid-liquid filtration solutions provider Pan Merchant Bhd seeks to raise RM67.6 million from its initial public offering (IPO) for its listing on the ACE Market of Bursa Malaysia for international expansion. Of the total proceeds, the company will allocate RM62.7 million for capital expansion, of which RM28 million will be used to expand… Continue reading Pan Merchant aims to raise RM67.6m from IPO for international expansion

PETALING JAYA: The Inland Revenue Board’s (IRB) decision to exempt micro enterprises from e-invoicing and to give small and medium enterprises more time to comply with the mandate is a positive step that will help ease the current difficulties faced by businesses in the country. The Small and Medium Enterprises Association of Malaysia (Samenta) stated… Continue reading Samenta heartened by Inland Revenue Board’s latest measures on e-invoicing

KUALA LUMPUR: Cleanroom and facility services provider iCents Group Holdings Bhd has inked an underwriting agreement with Alliance Islamic Bank Bhd in conjunction with its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia by July. It said in a statement the IPO encompasses a public issuance of… Continue reading iCents Group signs IPO underwriting agreement with Alliance Islamic Bank

KUALA LUMPUR: Main market-listed diversified conglomerate Meta Bright Group Bhd’s wholly owned subsidiary, FBO Land (Serendah) Sdn Bhd, has secured its maiden energy efficiency (EE) zero capex contracts from TMG Mart Sdn Bhd, a prominent grocery and supermarket operator under the Tunas Manja Group. These contracts involve implementing an energy efficiency system, such as the… Continue reading Meta Bright secures maiden Zero Capex Energy Efficiency contracts with TMG Mart

PETALING JAYA: Chef Wan Group’s strategic partnership with Oasis Harvest Corporation Bhd is a major milestone in its next phase of growth, reinforcing its position as a beloved national culinary brand and propelling the group’s future ambitions. Oasis Harvest, through investment holding company Metta Food & Lifestyle Sdn Bhd – a Malaysia-based investment company with… Continue reading Che Wan Group’s partnership with Oasis Harvest a recipe for expansion, future growth

TOKYO: The global auto industry has been rocked by China’s decision to restrict exports of rare earth magnets that are crucial to making vehicles. With a near monopoly on the output of rare earth elements, Beijing is using them as a key weapon in its trade war with Washington. Here we look at the implications… Continue reading Auto sector hit by China rare earth curbs

HANOI: Vietnam’s trade surplus with the US expanded sharply in May as exports swelled and its imports from China also jumped, exacerbating sore points with Washington that could hurt Hanoi’s efforts to avoid crippling tariffs. Separate trade data from the US also showed Vietnam’s surplus overtook Mexico’s in April, lagging only China and the European… Continue reading Vietnam trade surplus with US surges, clouding tariff talks

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) four listed subsidiaries among Bursa Malaysia’s top 30 showed mixed performance in early trading amid its plan to cut 10 per cent of its workforce. The national oil company announced yesterday that the move will help to cope with challenging operating conditions, particularly due to falling crude prices. As… Continue reading Petronas subsidiaries mixed in early session amid workforce cut announcement

KUALA LUMPUR: The ringgit continues to strengthen against the US dollar on Friday, as the United States (US) economic data points to further weakening amid concerns over tariffs and fiscal policies, an analyst said. At 8 am, the local note improved to 4.2140/2335 against the greenback from Thursday’s close of 4.2245/2295. Bank Muamalat Malaysia Bhd… Continue reading Ringgit advances vs US dollar amid weak US data and tariff concerns

ISKANDAR PUTERI: Port of Tanjung Pelepas (PTP), a joint venture between Malaysia-based MMC Group and Netherlands-based APM Terminals set a new benchmark by handling 1,269,389 twenty-foot equivalent units (TEUs) in a single month for May 2025. This achievement followed PTP’s previous monthly records of 1,183,759 TEUs in March and 1,215,751 TEUs in April this year,… Continue reading Port of Tanjung Pelepas on record-breaking streak

KUALA LUMPUR: Integrated engineering solutions provider, Oxford Innotech Bhd (OXB), has entered into an underwriting agreement with Malacca Securities Sdn Bhd in conjunction with its upcoming initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia Securities Bhd. OXB, through its subsidiaries, offers integrated engineering solutions with its specialty in precision engineering… Continue reading ACE-Market bound Oxford Innotech inks underwriting agreement with Malacca Securities

KUALA LUMPUR: Paramount Corporation Bhd is poised to build on the momentum of record high property sales amounting to RM1.4 billion in 2024, a 24% increase compared to 2023, for the current financial year. Group CEO and director Jeffrey Chew Sun Teong said the milestone of achieving the highest annual sales in its history underlines… Continue reading Paramount aims to maintain momentum after record high sales of RM1.4b in FY24

KUALA LUMPUR: Interior fitting-out specialist Signature Alliance Group Bhd expects double-digit net profit growth in financial year 2025 (FY25), driven by projects in the pipeline and market visibility following its debut on the ACE Market. Executive director/group CEO Darren Chang said the company is confident of securing 15% to 20% of its RM1.1 billion tender… Continue reading Signature Alliance expects double-digit net profit growth in FY25

PETALING JAYA: The Securities Commission Malaysia (SC) has alerted the public on a new investment scam, involving a cloned version of the SC’s Public Register of License Holders and Registered Persons. In a statement today, the SC said this method of deceiving investors sees scammers falsely claiming to represent entities purportedly licensed by the commission.… Continue reading Securities Commission warns investors about cloned public register scam

KUALA LUMPUR: Malaysia is increasingly recognised as a key beneficiary of the global real estate transformation, as multinational corporations seek to align their real estate portfolios with operational resilience, sustainability, and future-ready workspaces. This global trend is spotlighted in Knight Frank’s newly released (Y)OUR SPACE 2025 global report, which captures responses from nearly 300 corporate… Continue reading Malaysia emerging as regional workspace hub

KUALA LUMPUR: The Organisation for Economic Cooperation and Development (OECD) has urged Malaysia to implement further measures to enhance its economic competitiveness and strengthen its resilience. Speaking during a virtual conference on the OECD Economic Outlook today, the organisation’s head of division for Southeast Asia, Jens Arnold, said Malaysia should consider additional reforms to bolster… Continue reading OECD urges Malaysia to enhance competitiveness, resilience

KUALA LUMPUR: Malaysia must be prepared to negotiate the next wave of potential US tariffs targeting key strategic sectors and products such as semiconductors, technology products and pharmaceuticals, rather than focusing solely on negotiating reciprocal tariffs reductions currently with the United States. US-Asean Business Council (US-ABC) executive vice-president and chief policy officer Marc Mealy warned… Continue reading Malaysia must brace for future US tariffs, says US-Asean Business Council chief policy officer

PETALING JAYA: Malaysia’s production of crude oil and condensate recorded a stable volume of 45.5 million barrels in the first quarter of 2025, reflecting the resilience of the upstream sector in navigating market uncertainties, the Department of Statistics Malaysia said in its report on the mining of petroleum and natural gas for the first three… Continue reading Malaysia’s production of crude oil and condensate in Q1 stable at 45.5 million barrels

PETALING JAYA: In a strategic move to revolutionise the electric mobility landscape in Malaysia, Bateriku.com, a vehicle support ecosystem, has teamed up with RYDE EV, a key player in electric vehicle technology, to launch a transformative initiative at the Bateriku Pitstop in Cheras, Kuala Lumpur. The collaboration introduces an innovative EV Swap Station and ICE-to-EV… Continue reading Bateriku.com and RYDE EV unite to rev up electric mobility in Malaysia

PETALING JAYA: Ascend Airways Malaysia, a new Malaysia-based airline and a part of Avia Solutions Group – the largest ACMI (aircraft, crew, maintenance and insurance) provider in the world, has advanced to Phase 3 of its Air Operator Certificate (AOC) application process. The new ACMI and charter solutions provider is targeting to launch its cargo… Continue reading Ascend Airways eyes November cargo ops

KUALA LUMPUR: Halal International Selangor (HIS), a state-linked company under Menteri Besar Selangor Incorporated, is helping to shape the next frontier of halal, not merely as a standard but as an engine for market access, innovation and inclusive growth. HIS general manager Muhammad Syaril Showkat Ali said the company aims to blend policy alignment with… Continue reading Halal International Selangor drives global market access, innovation and inclusive growth

KOTA DAMANSARA: Main market-listed leading innovator and manufacturer of high-performance test contacting solutions for global integrated circuit (IC) makers, JF Technology Bhd’s wholly-owned subsidiary, JF International Sdn Bhd (JFI), has completed the acquisition of an 80% equity interest in Q3 Probe Pte Ltd for US$1.36 million, or approximately RM6.0 million, from the US-based parent company,… Continue reading JF Tech completes Q3 Probe acquisition to boost vertical integration

PETALING JAYA: The 17th edition of the Langkawi International Maritime and Aerospace Exhibition (Lima’25) concluded on a high note with RM11 billion in transactions signed over five dynamic days. Co-organised by the Ministry of Defence (Mindef) and Global Exhibitions & Conferences Sdn Bhd (GEC), Lima’25 lived up to its theme, “Innovate Today, Thrive Tomorrow”, by… Continue reading Lima’25 a resounding success with RM11 billion in deals

KUALA LUMPUR: Bursa Malaysia-listed food and beverage (F&B) player Oasis Harvest Corporation Bhd has proposed to acquire the entire stake in Metta Food & Lifestyle Sdn Bhd for RM30.8 million. The acquisition will enhance Oasis’ presence in the domestic F&B sector with renowned dining brands such as De.Wan 1958 by Chef Wan and Cafe Chef… Continue reading Oasis Harvest acquires Chef Wan dining brands for RM30.8m