Genting Malaysia’s US Unit Offloads Assets For RM2.2b To Cut Losses
PETALING JAYA, Genting Malaysia Bhd’s (GENM) loss-making US subsidiary, Empire Resorts Inc (ERI), is divesting its non-casino assets in New […]
Investment & Market Trends
Rakuten Bank Pauses JGB Buying On Rate Hike Outlook
TOKYO, Rakuten Bank Ltd is likely to refrain from actively purchasing Japanese government bonds (JGBs) until the Bank of Japan
Maxis And CelcomDigi Pump In RM116.7mil Each Into DNB
KUALA LUMPUR, CelcomDigi Bhd, Maxis Bhd and YTL Power International Bhd have each provided additional shareholder advances of RM116.67 million
Prabowo Promotes $1 Trillion Danantara Fund To Drive Job Growth
JAKARTA, President Prabowo Subianto said Indonesia’s new sovereign wealth fund, Danantara, will be a major engine for job creation and
Gamuda’s Job Win Forecasts For FY2026 And FY2027 Increased To RM22b, RM27b By Kenanga IB
KUALA LUMPUR, Kenanga Investment Bank Bhd (Kenanga IB) has raised its job win forecasts for Gamuda Bhd to RM22 billion
Sime Darby Property Plans Loan To Develop Google’s Malaysian Data Centre
Sime Darby Property Bhd is in discussions with several banks to secure a loan of up to RM3 billion (US$714
AMD Grows R&D Presence With New Penang Facility
GEORGE TOWN, Advanced Micro Devices Inc (AMD), a Nasdaq-listed global semiconductor leader, has officially opened a state-of-the-art office and engineering
KPK: Local Latex Output Still Falls Short Of Meeting Industry Demand
KUALA LUMPUR, Malaysia’s domestic latex production remains far below the needs of the latex-based product industry, which accounts for 75%
Keppel Will Sell M1’s Telecom Business To Simba Telecom For S$1.43 Billion
SINGAPORE, On Monday (Aug 11), asset manager Keppel announced it will sell M1’s telecom business to Simba Telecom for an
Mastec Tec Reports Q2 Net Profit Decline To RM6.92 Million
KUALA LUMPUR, Master Tec Group Bhd’s net profit for the second quarter (Q2) ended June 30, 2025, declined to RM6.92
