Category: Business

PETALING JAYA: U Mobile, Malaysia’s newest 5G network provider, has entered into a strategic collaboration with Malaysia Retail Chain Association (MRCA) as a corporate patron for the 2025/2026 term. This initiative will see U Mobile play a key role in accelerating the digitalisation of Malaysia’s retail sector. “U Mobile is pleased to partner MRCA to… Continue reading U Mobile and MRCA collaborate to digitalise Malaysia’s retail sector

PETALING JAYA: Razorpay Curlec has partnered with Visa to introduce credit card instalment options for Malaysian consumers through Visa Instalment Solutions (VIS). The partnership allows businesses on Razorpay Curlec’s platform to let customers spread the cost of big-ticket items into monthly payments using credit cards from major banks. The installment plans carry no management fees… Continue reading Razorpay Curlec, Visa roll out 0% interest instalment plans in Malaysia

KUALA LUMPUR: Malaysian builder Gamuda and clean energy solutions provider Gentari will work together to develop around 1.5 gigawatts of renewable energy capacity to meet the power needs of hyperscale data centre players in the country, they said on Monday. Through their subsidiaries Gamuda Energy and Gentari Renewables, the companies will develop solar photovoltaic power… Continue reading Gamuda and Gentari to jointly develop 1.5 GW of renewable energy capacity

KUALA LUMPUR: Gading Kencana, a leading player in Malaysia’s renewable energy sector, has been named one of the recipients of the Merdeka Award Category at the 30th CGC Award 2024. The award was presented by Credit Guarantee Corporation Malaysia Bhd (CGC) as part of its continued commitment to recognising excellence and innovation among Malaysia’s micro,… Continue reading Gading Kencana receives Merdeka Award from CGC for driving community-based renewable energy aligned with NETR

DISCUSSION of cash trusts has been brought up by the media recently since the amount of money flowing into these trusts runs into billions of ringgit. The promoters of these trusts normally promise high returns, and one of the requirements is that the management of the fund is entirely left to the promoters who will… Continue reading Tax Matters – Insight into taxation of cash trusts

KUALA LUMPUR: Zoho Corporation views Malaysia as a key market in the Asia-Pacific region as the country has strong digital ambitions and a mature and promising startup ecosystem. Zoho vice-president and general manager for Asia-Pacific Gibu Mathew said the India-based company’s decision to invest wallet credits in Malaysian startups reflects its long-term commitment to empowering… Continue reading Malaysia key pillar in Zoho’s growth strategy in Asia-Pacific

PETALING JAYA: Malaysia’s two locally developed artificial intelligence (AI) initiatives – ILMU (Intelek Luhur Malaysia Untukmu or Excellent Malaysian Intelligence for You) for sovereign capability and NurAI for syariah-aligned guidance – position the country to lead Asean in trustworthy, values-based AI, said AI risks and safety adviser Chan Tzu Kit. He said ILMU – the… Continue reading Homegrown ILMU, NurAI position Malaysia to lead Asean in trustworthy, values-based AI

PETALING JAYA: Go Hub Capital Bhd, a key transportation information technology (IT) solutions provider, recorded revenue of RM11.25 million for the second quarter ended June 30, 2025 (Q2’25), a 13.18% increase from RM9.94 million in the corresponding quarter of 2024 (Q2’24) and a 19.55% increase from RM9.41 million in the immediate preceding quarter (Q1’25). For… Continue reading Strong recurring income base boosts Go Hub’s Q2 results

PETALING JAYA: Property developer Land & General Bhd (L&G), reported a significantly improved performance for the first quarter ended June 30, 2025 (Q1’26), with a profit attributable to owners of the company surging 177.8% to RM11.4 million from RM4.1 million in the same quarter last year. The strong earnings were driven by higher revenue contributions… Continue reading Land & General off to strong start in 2026 financial year

PETALING JAYA: Sports Toto Bhd (SPToto) reported RM1.63 billion revenue for the fourth quarter of its financial year ended June 30, 2025 (current quarter), a slight decrease of 1.3% from RM1.65 billion registered in the previous year’s corresponding quarter. The group registered a pre-tax profit of RM72.3 million for the current quarter, a drop of… Continue reading Sports Toto posts RM1.63b revenue, RM72.3m pre-tax profit for fourth quarter of FY25

KUALA LUMPUR: Malaysia has secured RM190.3 billion in approved investments in the first half of 2025 (H1’25), an 18.7% increase year-on-year (y-o-y), according to Malaysian Investment Development Authority (Mida). Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said the approved investment growth demonstrates foreign and domestic investors’ continued trust in Malaysia’s clear policies… Continue reading Mida: RM190.3 billion approved investments in first-half 2025

PETALING JAYA: Uchi Technologies Bhd is expected to encounter lower sales volumes in the near term, driven by continued weakness in European retail demand. This sluggish outlook is likely to weigh on the company’s bottom-line performance. According to Berjaya Research Sdn Bhd, the cautious sentiment may extend into the second half of 2025, as global… Continue reading Berjaya Research maintains ‘neutral’ recommendation on Uchi Technologies

KUALA LUMPUR: Malaysia continues to stand out across various industry sectors as a credible and well-positioned base for establishing and expanding regional operations, according to a consulting firm. Exponasia Growth Partners founder Giuseppe Di Lieto said these were driven by, among others, the country’s multilingual workforce, regional connectivity, modern infrastructure and active digitalisation efforts. “These… Continue reading Expert: Malaysia attractive to companies eyeing operations or expansion in Southeast Asia

SYDNEY: Australia has ordered the local arm of the world’s largest cryptocurrency exchange Binance to appoint an external auditor after identifying “serious concerns” with its money laundering and terrorism financing controls. The Australian Transaction Reports and Analysis Centre (AUSTRAC), the country’s financial intelligence agency, said yesterday its concerns followed Binance Australia’s latest independent review which… Continue reading Australia orders audit of crypto trading giant Binance

TAIPEI: Shipping Nvidia’s H20 chips to China was “great” for Beijing and Washington and not a security threat, the tech giant’s chief said yesterday. The California-based company produces some of the world’s most advanced semiconductors, but is barred from sending its most cutting-edge chips to China amid Washington’s concerns they could be harnessed to boost… Continue reading Shipping H20 chips to China not security concern: Huang

HOUSTON: China Concord Resources Corp (CCRC) has begun developing two Venezuelan oilfields, planning to invest more than US$1 billion (RM4.2 billion) in a project to produce 60,000 barrels per day of crude oil by end-2026, an executive directly involved in the project said. The project marks a rare investment by a private Chinese firm in… Continue reading Chinese firm begins developing oilfields in Venezuela

HONG KONG: Sometimes China’s leaders throw markets a curveball, and the latest could prove curvier than most: the country’s state council, or cabinet, may approve a roadmap for boosting global use of the yuan later this month, including a bid to catch up with US progress on stablecoins, per a Reuters report citing unnamed sources.… Continue reading China stablecoin push – better late than never

KUALA LUMPUR: Unity Group has introduced the world’s first syariah-compliant climate sukuk, reinforcing Malaysia’s role as a pioneer in combining Islamic finance with climate-focused investments. The RMB200 million Unity Climate Sukuk, denominated in Chinese renminbi, was launched in partnership with Tek Securities Ltd and supported by Labuan’s key financial players. It marks the world’s first… Continue reading Unity Group introduces world’s first syariah-compliant climate sukuk

PETALING JAYA: Kelington Group Bhd recorded a net profit of RM32.89 million for the second quarter ended June 30, 2025 (Q2’25) from RM26.67 million in Q2’24 driven by better project mix with higher profit margins. “Given the strong pipeline of opportunities, the group was able to be more selective in pursuing higher-margin projects,” it said… Continue reading Kelington posts 23% jump in Q2’25 net profit to RM32.9m, declares 2.5 sen dividend

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar and a basket of major currencies on Friday as investors awaited policy signals from the US Federal Reserve (Fed) at the Jackson Hole Economic Policy Symposium later in the day. At 8 am, the ringgit stood at 4.2200/2400 compared with Thursday’s close of 4.2235/2275.… Continue reading Ringgit opens slightly higher ahead of FED speech

SHAH ALAM: SP Setia Bhd (Setia) launched the Setia AI & Proptech Innovation Challenge, a key initiative under the Bengkel Inovasi GLC (BIG) Programme aimed at addressing two significant agendas: inclusive homeowner-ship and improved construction quality. These agendas are instrumental to Setia’s mission of creating sustainable and inclusive communities. The Malaysia Madani agenda focuses on… Continue reading Setia advances smart housing via AI & PropTech Challenge

KUALA LUMPUR: The Construction Industry Development Board (CIDB) Malaysia has emphasised that all employers are required to comply with the accreditation and compliance process for construction personnel as outlined under the Construction Industry Development Board Act 1994 (Act 520). This requirement ensures that all foreign construction workers nationwide possess the necessary competency level, adhere to… Continue reading CIDB: Foreign construction workers must be up to par

KUALA LUMPUR: The MUI Group and Mah Sing Group Bhd have inked an agreement which saw the MUI Group divesting its prime 1.485-acre freehold parcel of land in the heart of KLCC precinct. The strategically located land, housing Corus KLCC hotel and within 5 minutes walking distance of the iconic Petronas Twin Towers and Suria… Continue reading Mah Sing acquires Corus Hotel land for KLCC precinct project

KUALA LUMPUR: An allocation of RM1.4 billion under the Smallholder Oil Palm Replanting Financing Incentive Scheme (TSPKS 2.0), applied for by the Ministry of Plantation and Commodities for five years, is targeted to cover oil palm replanting across 82,979 hectares (ha). Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said the allocation forms part… Continue reading RM1.4b sought for smallholder oil palm replanting: Johari

KUALA LUMPUR: Pawnbroking service provider Evergreen Max Cash Capital Bhd (EMCC) continued to deliver strong growth for Q2 FY25, ending June 30, 2025, with revenue growing 100.8% year-on-year (YoY) to RM48.8 million from RM24.3 million in Q2 FY24. Net profit for Q2 surged 65.8% YoY to RM9.3 million compared to RM5.6 million in Q2 FY24.… Continue reading Evergreen Max Cash Q2 FY25 profit jumps 66% as revenue doubles

KUALA LUMPUR: Maxis Bhd posted a higher net profit of RM398 million for the second quarter ended June 30, 2025 (Q2’25), up 11.8% from RM356 million in the same quarter last year. However, Malaysia’s leading integrated telco said its revenue edged down 0.9% to RM2.56 billion in the quarter under review from RM2.58 billion previously.… Continue reading Maxis posts higher net profit of RM398m in second quarter

PETALING JAYA: TSH Resources Bhd’s first-half 2025 revenue aligned with Berjaya Research Sdn Bhd’s expectations, but earnings came in stronger than anticipated, making up 72.5% of the research firm’s prior 2025 core Patami (profit after tax and minority interests) forecast. The research firm said the key deviation on the bottom line was mainly due to… Continue reading TSH Resources’ H1’25 earnings beat expectations: Berjaya Research

KUALA LUMPUR: ELK-Desa Resources Bhd, a non-bank lender focused on the used-car segment, saw its revenue increase by 7% to RM49.25 million for the first quarter (Q1) ended June 30, 2025 (FY25), compared to RM45.88 million in the same period last year, driven by higher contributions from both its hire purchase and furniture segments. Profit… Continue reading ELK-Desa Q1 FY25 revenue rises 7% despite profit decline

KUALA LUMPUR: Bintulu Port Holdings Bhd’s net profit for the second quarter ended June 30, 2025 (Q2’25) slipped to RM34.73 million from RM39.84 million in the same quarter last year. Revenue decreased by 1.05% to RM194.82 million against RM196.89 million previously, the port operator said in a filing with Bursa Malaysia yesterday. The company said… Continue reading Bintulu Port posts softer Q2, proposes 3 sen dividend

PETALING JAYA: The Malaysian Micro Businesses Association (Mamba) has voiced concern over growing discussions around the introduction of a standard minimum delivery fee, warning that such a move could significantly reduce online shopping activity and negatively impact local micro entrepreneurs and the broader digital economy. This follows a nationwide survey conducted by Mamba involving 720… Continue reading Any increase in minimum delivery fee could hurt micro businesses: Association

SENAI: Johor-based wholesaler and distributor of fresh vegetables, food and beverage (F&B) products and other groceries, Farm Price Holdings Bhd posted a revenue of RM60.5 million for the six months (1H) ended June 30, 2025, compared to RM61.3 million in 1H FY24 due to softer market demand for fresh vegetables. The wholesale segment remained the… Continue reading Farm Price posts RM5.6m net profit in 1H FY25 on lower costs

KUALA LUMPUR: Asean businesses must remain steadfast in their commitment to environmental, social and governance (ESG) principles despite growing global scepticism, regional leadeers said, warning that sustainability is now central to competitiveness, resilience and long-term growth. Asean Economic Club chairman and KSI Strategic Institute for Asia Pacific president Tan Sri Michael Yeoh said businesses must… Continue reading Remain steadfast in commitment to ESG principles, Asean businesses urged

KUALA LUMPUR: Malaysia aims to become a regional franchise hub by 2030, targeting the establishment of 2,010 local franchise outlets abroad and the registration of 4,250 local franchises by the same year. Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said franchising has long proven to be a pillar of economic strength, with home-grown successes… Continue reading Malaysia targets regional franchise hub status by 2030

PETALING JAYA: In conjunction with National Day, Coolblog is giving away 10,000 free full-size Iced Teh Tarik to customers who call out “I Love Malaysia” at selected stores nationwide on August 31, 2025. “On this National Day, we’re treating Malaysians to this cool twist on a classic Teh Tarik as our way of spreading joy,… Continue reading Free Coolblog drink when you shout ‘I Love Malaysia’

KUALA LUMPUR: Fiamma Holdings Bhd posted a profit before tax (PBT) of RM57.94 million for the first half of FY25 ended June 30, 2025, a 176% increase compared to RM21.01 million in the same period last year. Net profit surged more than fourfold to RM50.14 million from RM12.52 million a year earlier. The strong earnings… Continue reading Fiamma resilient amid challenges, eyes long-term growth

PETALING JAYA: Tealive, Southeast Asia’s lifestyle tea brand, is celebrating this National Day-Malaysia Day season with a limited-time durian drink series inspired by Malaysians’ love for the King of Fruits. Available now at Tealive outlets nationwide, the Durian Limited-Time Offer (LTO) range features three indulgent creations crafted from premium D24 durians: Snowy Bang Bang Durian… Continue reading Tealive unites Malaysians with iconic durian drinks

KUALA LUMPUR: Kinergy Advancement Bhd (KAB), a sustainable energy solutions (SES) and engineering solutions provider, posted a revenue of RM97.7 million in the second quarter (Q2) ended June 30, 2025 (FY25), surging 133.8% year-on-year (YoY) from RM41.8 million posted in FY24, driven by project progress across both segments. The energy segment remains the core revenue… Continue reading KAB posts 21% profit jump in H1’25

KUALA LUMPUR: LGMS Bhd, one of Malaysia’s leading cybersecurity services providers, has signed a collaboration agreement with law firm Azim Tunku Farik & Wong (ATFW) to strengthen the nation’s cyber incident response ecosystem. The partnership integrates legal, insurance, and cybersecurity expertise to provide businesses with enhanced protection and coordinated support against escalating digital threats. “This… Continue reading LGMS partners with ATFW to strengthen cyber incident response in Malaysia

AS environmental and social governance (ESG) becomes a key consideration for businesses in Malaysia and worldwide, many companies are re-examining how their day-to-day operations align with long-term sustainability goals. One area often overlooked in this process is industrial asset disposal, which is the management of equipment, machinery, and other capital goods once they reach the… Continue reading Shift in industrial asset disposal mindset

KUALA LUMPUR: PropertyGuru Malaysia has introduced the PropertyGuru Verified Badge for property agents on its platform, in partnership with the Board of Valuers, Appraisers, Estate Agents and Property Managers (LPPEH), to curb property scams in the local market. PropertyGuru Malaysia country manager Kenneth Soh said the initiative is tailored for Malaysia, where consumer awareness remains… Continue reading PropertyGuru Verified Badge – tailored for Malaysia – introduced to curb scams

KUALA LUMPUR: Malaysia can tap the expertise of the agriculture sector in China’s Heilongjiang Province, which has achieved scale, mechanisation, digitalisation and smart innovation. Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) president Datuk Ng Yih Pyng said Heilongjiang’s advanced agricultural machinery ensures efficient sowing, precision irrigation, remote-sensing field management and high-performance planting.… Continue reading ACCCIM: Malaysia can tap Heilongjiang’s agritech to enhance food security