Category: Business

PETALING JAYA: Heineken Malaysia Bhd has once again raised the bar for corporate sustainability, taking home six accolades at The Star ESG Positive Impact Awards 2024 and the Sustainability & CSR Malaysia Awards 2025. In a statement today, the company said these awards reinforce the strength of its partnerships in driving meaningful environmental and social… Continue reading Heineken Malaysia picks up six awards for delivering positive impact in ESG, CSR

PUCHONG: Enterprise IT services provider, TechStore Bhd, via its wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has accepted a letter of award (LoA) from the Royal Malaysian Customs Department for the provision of leasing and training services for four units of baggage scanner machines and two units of body scanner machines with accessories for RM7.7 million.… Continue reading Techstore secures RM7.7m contract from Royal Malaysian Customs for RTS Link project

PETALING JAYA: Malaysia’s RM725 billion annual e-payment transactions could get a RM3.6 billion boost from real estate as IQI embeds a one-tap bank-grade “checkout” button that will make every transaction fraud-resistant. “Malaysian home buyers and renters finally have a bank-grade ‘checkout’ button for their purchase and rental booking fees and deposits,” said Juwai IQI co-founder… Continue reading Juwai IQI launches bank-grade ‘checkout’ feature to protect property buyers, renters from fraud

KUALA LUMPUR: Eco-Shop Marketing Berhad, a player in Malaysia’s dollar store retail sector, has released its fourth quarter financial results for the three months ended 31 May 2025 (4Q FY2025) today. On a full-year basis for the twelve months ended May 31, 2025 (FY2025), the Group achieved new record highs for both revenue and profit… Continue reading Eco-Shop reports 17% surge in core net profit for FY2025

PUCHONG: Enterprise IT services provider, TechStore Berhad, via its wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has today accepted a Letter of Award (LoA) from Royal Malaysian Customs Department for the provision of leasing and training services for 4 units of baggage scanner machines and 2 units of body scanner machines with accessories (Works) for a… Continue reading Techstore expands role in RTS Link with new award from Customs Department

PETALING JAYA: Malaysia’s total trade for June 2025 amounted to RM234.9 billion with exports and imports recording RM121.7 billion and RM113.1 billion, respectively, the Department of Statistics Malaysia reported today. Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said exports in June decreased RM4.4 billion (-3.5%) compared to the same month of the previous… Continue reading Penang remains top exporting state in June, Selangor leading importer

PENANG: Main Market-listed insulation producer in Southeast Asia, PGF Capital Berhad, began the new financial year with a revenue of RM40.6 million in its first quarter (1QFY26) results for the financial year ended Feb 28, 2026 (FY26) compared to RM40.5 million in 1QFY25. While revenue improved moderately, profit after tax rose 11.9% year-on-year (YoY) to… Continue reading PGF Capital kicks off new financial year with 11.9% y-o-y growth in net profit to RM7.5m for 1QFY26

KUALA LUMPUR: The Ministry of Investment, Trade and Industry (Miti) is considering incentives for investors that maximise the use of local ports, particularly in Penang and Kuala Perlis. Deputy Minister Liew Chin Tong said the initiative aims to encourage greater use of domestic ports, especially among investors operating around Kedah Rubber City (KRC). “Miti is… Continue reading Miti mulling incentives for investors using local ports, especially those at Kedah Rubber City

KUALA LUMPUR: Aneka Jaringan Holdings Berhad, a basement and foundation construction specialist, reported another quarter of resilient performance for the third quarter ended May 31, 2025 (Q3 FYE2025), underpinned by consistent project execution and prudent cost control. The Group posted a profit after tax (PAT) of RM0.95 million, marking a 72.6% increase from RM0.55 million… Continue reading Aneka Jaringan continues growth with 72.6% PAT growth in Q3FY2025

KUALA LUMPUR: Kinergy Advancement Bhd (KAB) announced that Datuk Gan Kong Hiok has emerged as a substantial shareholder in the company, marking his first official entry as a significant investor. In a Bursa Malaysia filing, KAB said Gan brings an impressive track record to Malaysia’s corporate landscape, having held key leadership roles at established public… Continue reading Datuk Gan emerges as substantial shareholder of Kinergy Advancement

KUALA LUMPUR: Today’s consumers demand greater control over their choices, and nowhere is this more evident than in the insurance sector. As digital adoption accelerates and expectations evolve, Malaysians – particularly younger, tech-savvy individuals – are increasingly seeking insurance solutions that offer speed, transparency and effortless access. Recent findings from the Malaysia Insurance and Takaful… Continue reading insureKU partners global insurers to offer solutions tailored for today’s tech-savvy consumers

CLUBS, associations and trade bodies/associations are distinguished from business enterprises, and the prime differentiator is that making profit is not the main objective of clubs, associations and trade groups. These bodies of peple enjoy beneficial treatment in the taxation of their income. Clubs and similar associations are formed by a group of people who come… Continue reading Tax Matters – How are clubs, associations and trade bodies taxed?

PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim’s announcement of a one‑off RM100 cash handout has lifted sentiment in consumer‑related stocks, but economists caution that the impact on actual spending and equity performance may be fleeting, with deeper structural challenges still weighing on the economy. The initiative, worth RM2 billion, is designed to provide relief… Continue reading RM100 aid short-term spending booster but not market mover: Economists

KUALA LUMPUR: The incoming Consumer Credit Act will foster trust, transparency and more responsible credit usage, said Atome Malaysia’s head of BNPL (buy now, pay later), Danny Lim. The legislation will also help enhance confidence in BNPL services and the industry, he added. “In terms of what we focus on, in the short term, we… Continue reading Consumer Credit Act will foster trust, transparency and more responsible credit usage: Atome

PETALING JAYA: Chemical Industries (Malaya) Sdn Bhd (CIM), a subsidiary of listed Hexza Corporation Bhd, on Friday inaugurated a state-of-the-art corn-based ethanol production facility in Persiaran Tasek, Ipoh, marking a significant milestone in the company’s growth and innovation journey. CIM said in a statement that the new plant exemplifies its commitment to quality, sustainability and… Continue reading Hexza subsidiary launches corn-based ethanol plant in Ipoh

PETALING JAYA: Bursa Malaysia Bhd was recognised as one of the Top 50 Asean Public Listed Companies and among the Top 5 PLCs in Malaysia at the recent Asean Corporate Governance Awards hosted by the Minority Shareholders Watch Group, the domestic ranking body for Malaysia, and officiated by Investment, Trade and Industry Minister Tengku Datuk… Continue reading Bursa Malaysia recognised as one of top 50 PLCs in Asean, top 5 in Malaysia

PETALING JAYA: CelcomDigi Bhd has launched a range of artificial intelligence-driven cybersecurity solutions to help large enterprises across industries build higher resilience against evolving digital threats. The always-on services enable real-time threat prediction, detection, response and recovery across three core areas – managed security services, strategy and assessment, and infrastructure security. The solutions are certified… Continue reading CelcomDigi rolls out AI-driven cybersecurity solutions

PETALING JAYA: AirAsia Malaysia will launch two direct routes connecting Kuala Lumpur and Kuching to Pontianak, the capital city of West Kalimantan, Indonesia, starting Sept 12. This expansion comes in the wake of the launch of the Kuala Lumpur-Palembang route earlier this month and the upcoming Kuala Lumpur-Semarang service in September. With the introduction of… Continue reading AirAsia to start two direct services to Pontianak, West Kalimantan, on Sept 12

PETALING JAYA: Puspakom (Computerised Vehicle Inspection Centre) has extended its vehicle inspection operations at Glenmarie and Batu Caves to seven days a week, in a move to improve convenience for customers. The extension will be implemented on a three-month trial basis as part of Puspakom’s broader efforts to enhance accessibility and service efficiency. Following the… Continue reading Puspakom centres at Glenmarie and Batu Caves now operate seven days a week

KUALA LUMPUR: The Malaysia-Cambodia Business Association (MCBA) has urged Malaysian businesses in Cambodia to remain composed and take proactive steps following recent tensions along the Cambodia-Thailand border. President Datuk Seri Ricky Yaw assured members that the association will provide timely updates and guidance to maintain business stability. “The long-standing development of Malaysian businesses in Cambodia… Continue reading MCBA urges calm for Malaysian businesses amid Cambodia-Thailand tensions

KUALA LUMPUR: While the US reciprocal tariffs announced on April 2 have unsettled equity markets and export-driven sectors, property leaders believe the disruption could accelerate the adoption of digital technologies, sustainable construction practices and regional trade integration within Asean’s real estate landscape. During a panel discussion titled “Industry Countermeasures: Absorbing the Recent US Tariff Shockwaves”… Continue reading US tariffs – Short-term shock, long-term opportunities for Asean real estate industry

PETALING JAYA: Movenpick Hotel and Convention Centre KLIA in Sepang is positioning itself as a premier business hospitality hub amid rising demand for airport-area meetings, incentives, conferences and exhibitions (MICE) facilities. Movenpick KLIA is also emerging as a strategic hospitality partner for corporates, international event planners and cross-border organisations as business travel rebounds and MICE… Continue reading Movenpick KLIA positions itself as premier business hospitality hub

PETALING JAYA: MMAG Aviation Consortium Sdn Bhd (MAC), the aviation arm of MMAG Holdings Bhd (MMAG), announced that its Labuan-incorporated subsidiary, MMAG SkyAssets Ltd, has signed an aircraft sale agreement with GASL Ireland Leasing A-1 Ltd, a special purpose vehicle managed by Genesis Aircraft Services Ltd, for the acquisition of a Boeing 737-800 Boeing Converted… Continue reading MMAG acquires third freighter for US$25.9 million

PETALING JAYA: Sapura Energy Bhd has secured two new contracts from its long-standing clients in Thailand, with a combined value exceeding RM500 million. The contracts were awarded to Sapura Energy (Thailand) Ltd, its wholly owned subsidiary, and involve an offshore installation and removal campaign, as well as subsea inspection, repair, and maintenance (IRM) services. The… Continue reading Sapura Energy secures contracts worth more than RM500m in Thailand

SINGAPORE: Economists are split on whether Singapore’s central bank will loosen monetary policy or leave settings unchanged in its scheduled review next week as the economy remains resilient despite weakening global growth. Of 12 analysts Reuters polled, six expect the Monetary Authority of Singapore to loosen its currency-based monetary policy at the review on July… Continue reading Economists split on S’pore policy path after surprise growth

SHANGHAI: China’s largest e-commerce platforms show no signs of halting an ‘instant retail’ price war that has proven unusually resilient to state criticism, underscoring the near-existential importance placed on instant retail as the future of e-commerce. Their fight in instant retail, where delivery can be as quick as half an hour, risks the wrath of… Continue reading ‘Instant retail’ price war in China shows no let-up

TORONTO: President Donald Trump said on Thursday he would not destroy Elon Musk’s companies by taking away federal subsidies and that he wants the billionaire tech entrepreneur’s businesses to thrive. The remarks follow a public clash with his former close ally over his tax bill. In July, the space and automotive billionaire announced the formation… Continue reading Trump says he wants Musk’s companies to thrive

PETALING JAYA: Nestle Malaysia delivered positive sales growth for the first half of 2025, driven by solid acceleration in its second quarter ended June 30, 2025 (Q2’25). In Q2’25, the company recorded a turnover of RM1.67 billion, an increase from RM1.52 billion in Q2’24. For the quarter, Nestle Malaysia delivered a higher profit before tax… Continue reading Nestle Malaysia’s Q2 earnings boosted by strong sales momentum

PETALING JAYA: Betamek Bhd, an original design manufacturer and a player in electronics manufacturing services for the automotive industry, posted strong profit after tax growth to RM5.4 million for the first quarter ended June 30, 2025 (Q1’26) compared to RM4.9 million in the preceding year’s corresponding quarter (Q1’25). The company reported revenue of RM56.9 million… Continue reading Betamak delivers strong growth in Q1 profit after tax

KUALA LUMPUR: KL International Airport (KLIA) and Penang International Airport streng-thened Malaysia’s position as a global aviation hub with the addition of five new international air services in June 2025. Malaysia Airports Holdings Bhd (MAHB) said in a statement that two of the new services were introduced by new airline partners, enhancing cross-bor-der connectivity and… Continue reading KLIA, Penang airport welcome five new international air services

PETALING JAYA: A new industry poll by global analytics software leader Fico has found that scams and mule accounts have become the dominant threats facing banks across the Asia-Pacific (Apac). Seven in 10 (69%) senior banking executives identified these forms of criminal activity as their greatest concern, reflecting the continued rise of scams in which… Continue reading Scams, mule accounts top threats to Apac banks

KUALA LUMPUR: The government’s move to lower the price of RON95 will help ease living costs and support the economy, said Malaysian Institute of Economic Research (MIER) chairman Tan Sri Mohd Effendi Norwawi. He said the government is addressing one of the public’s most pressing concerns – transport and fuel costs. “The government’s consideration will… Continue reading MIER: Lower RON95 price will ease cost of living and support economy

KUALA LUMPUR: AIMS Data Centre Sdn Bhd (AIMS), a leading digital infrastructure provider in Southeast Asia, has completed its Cyberjaya Block 3 facility ahead of schedule—further cementing Malaysia’s position as the region’s premier data centre hub. This milestone significantly expands AIMS’ footprint in the Klang Valley, bringing its total potential capacity to over 100 megawatts… Continue reading AIMS completes Cyberjaya Block 3 early, expedited by Invest Selangor, MDEC, MIDA, local councils

KUALA LUMPUR: Kinergy Advancement Bhd (KAB), through its wholly owned subsidiary KAB Energy Holdings Sdn Bhd, has secured feed-in approvals for two hydropower projects under the Sustainable Energy Development Authority’s (SEDA) Feed-in Tariff (FiT) 2.0 initiative. This latest milestone adds a combined installed capacity of 8.04 megawatts (MW), comprising two facilities with outputs of 5.2… Continue reading KAB wins SEDA FiT 2.0 nod for two hydropower projects with 21-year fixed tariff

WASHINGTON: Tesla on Wednesday reported its second consecutive quarterly profit decline, hit by a drop in vehicle deliveries, reported German news agency dpa. The electric carmaker, founded by billionaire Elon Musk, posted net earnings of US$1.17 billion in the latest quarter – a 16 per cent decrease compared with the same period last year. Revenue… Continue reading Tesla Q2 profit drops 16% as deliveries decline amid Model Y transition

KUALA LUMPUR: Bursa Malaysia trended higher at mid-morning, echoing gains across regional markets and boosted by traders’ positive response to the government’s “Appreciation Package” announcement yesterday. At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) garnered 1.87 points to 1,531.66 from Wednesday’s close of 1,529.79. The index opened 1.26 points firmer at 1,531.05. Market… Continue reading KLCI rises mid-morning as Appreciation Package boosts market

KUALA LUMPUR: Bursa Malaysia opened higher on Thursday, with the benchmark index breaching the 1,530 level after three days of choppy trading, supported by optimism over US-China trade talks and improved domestic sentiment following recent policy announcements. At 9.06 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.48 points to 1,531.27, from Wednesday’s close… Continue reading Bursa Malaysia opens higher as KLCI breaches 1,530 on trade optimism

GOLD prices held steady on Thursday after a sharp drop in the previous session, as easing trade tensions dented demand for safe-haven assets, overshadowing support from a weaker dollar. Spot gold was flat at $3,387.15 per ounce, as of 0138 GMT, after dropping 1.3% in the previous session. U.S. gold futures eased 0.1% to $3,492.50.… Continue reading Gold prices steady as trade progress offsets weak dollar support

KUALA LUMPUR: The ringgit strengthened against the US dollar in early trade on Thursday, supported by improved market sentiment following the latest fiscal support measures. At 8.07 am, the local note rose to 4.2140/2320 against the greenback from Wednesday’s close of 4.2255/2300. “A dash of cash handouts adds lift (to the ringgit): Prime Minister Datuk… Continue reading Ringgit strengthens against US dollar amid fiscal support measures

Dzulkefly (centre) launching Malaysia Year of Medical Tourism 2026 at the Malaysia International Trade and Exhibition Centre today. Second from left is Health Ministry secretary-general Datuk Seri Suriani Ahmad. – Bernamapic KUALA LUMPUR: Malaysia is doubling down on its ambition to become one of Asia’s top medical tourism hubs, and banking on the Malaysia Year… Continue reading Malaysia launches MYMT 2026 campaign to attract high-value health travellers

SINGAPORE: Malaysia’s economy continues to demonstrate resilience in 2025, underpinned by strong domestic demand, robust investment activity and favourable labour market conditions, despite pressures from global trade tensions and policy uncertainty. Asean+3 Macroeconomic Research Office (Amro) chief economist Dong He stated that if the United States’ reciprocal tariffs take effect from Aug 1 at the… Continue reading Domestic demand will remain key driver of Malaysia’s economic growth: Amro

PETALING JAYA: CGS International Securities Pte Ltd, through subsidiary CGS International Securities Malaysia Sdn Bhd, has introduced its latest Islamic structured investment offerings specifically designed for sophisticated investors in Malaysia. The newly launched products – the Islamic Equity Linked Investment Notes and the Islamic Autocallable Equity Structured Investment Notes – mark a significant milestone for… Continue reading CGS launches Malaysia’s first Islamic equity-linked structured investment products

KUALA LUMPUR: Bursa Malaysia-listed food and beverage (F&B) player Oasis Harvest Corporation Bhd announced that European Credit Investment Bank Ltd (ECIB) has become a substantial shareholder in the company. ECIB, a Labuan Financial Services Authority (Labuan FSA)-regulated investment bank, has acquired a 5.78% interest in Oasis, equivalent to 1,392,800 shares, through an open-market transaction on… Continue reading ECIB becomes key investor in Oasis Harvest with 5.78% stake

KUALA LUMPUR: The Wawasan Institute for Policy Excellence (Wawasan) is urging a more con-structive and collaborative approach to discussions surrounding Malaysia’s digital commerce landscape. The association said that at a time when local micro, small and medium enterprises (MSMEs) face mounting competition, platforms that actively invest in enabling seller success must be recognised and supported.… Continue reading ‘Empower MSMEs in digital commerce’