Newsfeed – Business News
Bumi Armada, MISC call off merger plans as MoU nears expiry
KUALA LUMPUR: Bumi Armada Bhd and MISC Bhd have mutually agreed not to proceed with their proposed merger, with the memorandum of understanding (MoU) between the two parties set to […]
Hibiscus Petroleum sets 2030 output target at 70,000 boe/day
KUALA LUMPUR: Hibiscus Petroleum Bhd is targeting production of 70,000 barrels of oil equivalent per day (boe/day) and 2P reserves of 150 million barrels of oil equivalent (MMboe) by 2030. […]
SME Corp targets RM1 trillion GDP contribution from MSMEs by 2030
KUALA LUMPUR: The contribution of micro, small and medium enterprises (MSMEs) to the country’s gross domestic product (GDP) is targeted to reach RM1 trillion by 2030, provided efforts to empower […]
Pekat wins RM31mil switchgear job from TNB
PETALING JAYA: Pekat Group Bhd’s indirect 60%-owned subsidiary EPE Switchgear (M) Sdn Bhd has secured a RM31.32mil switchgear maintenance and repair job from Tenaga Nasional Bhd (TNB). Read full story […]
Ringgit strengthens on weak US jobs report
KUALA LUMPUR: The ringgit closed stronger against the US dollar on Monday following a softer-than-expected United States (US) jobs report that significantly altered market expectations on the Federal Reserve (Fed) […]
Kelington secures semiconductor project in Germany
PETALING JAYA: Kelington Group Bhd, via its wholly-owned subsidiary Kelington Engineering (Germany) GmbH (KEGG), has accepted a letter of intent (LOI) for a semiconductor hook-up project in Dresden, Germany. Read […]
Ajiya sells Negeri Sembilan industrial land for RM52mil
PETALING JAYA: Ajiya Bhd is disposing of two adjoining parcels of vacant industrial land measuring 64,069 sq metres in negeri Sembilan to Kumkang Kind (M) Sdn Bhd and Asia Roofing […]
Johor Plantations partners with state-linked firms to transform palm oil sector
KUALA LUMPUR: Johor Plantations Group Bhd has signed a memorandum of understanding with YPJ Plantations Sdn Bhd (YPJP) and PIJ Holdings Sdn Bhd (PIJH) to enhance cooperation and drive transformation […]
Tex Cycle completes Meridian World acquisition
KUALA LUMPUR: Tex Cycle Technology Bhd has completed its acquisition of Meridian World Sdn Bhd, with RM42.8mil paid to vendors and RM6.7mil retained with solicitors. Read full story Date: 4 […]
Kim Hin minority shareholders advised to reject chairman’s 85 sen offer
PETALING JAYA: Kim Hin Industry Bhd’s offer for privatisation by its joint offerors including the company and its chairman Chua Seng Huat at 85 sen per share has been deemed […]