KUALA LUMPUR, Budget 2025, set to be tabled on Oct 18, marks the final budget under the 12th Malaysia Plan (2021-2025) and is expected to lay the groundwork for the upcoming 13th Malaysia Plan (2026-2030).
The Malaysian Institute of Economic Research…
KUALA LUMPUR, Glove manufacturer Top Glove Corporation Bhd has called on the government to reduce the rubber glove export levy by at least by 50 per cent in Budget 2025.
Executive chairman Tan Sri Lim Wee Chai said the group has been paying the levy …
KUALA LUMPUR, IBM Malaysia said the growing demand for artificial intelligence (AI)- driven solutions, alongside supportive government policies promoting technological innovation, will drive Malaysia’s AI market growth.
Its managing director and tech…
KUALA LUMPUR, Pharmaniaga Bhd (Pharmaniaga) has appointed Ernst and Young (EY) as its new external auditor, effective Oct 9, 2024.
The company said EY is replacing PricewaterhouseCoopers (PwC), which resigned following a formal written notice served …
KUALA LUMPUR, Shares of Public Bank Bhd and LPI Capital Bhd will resume trading with effect from 9 am tomorrow, according to separate filings from the two companies to Bursa Malaysia.
‘Trading in the structured warrants relating to Public Bank will a…
KUALA LUMPUR, Glove manufacturer, Top Glove Corporation Bhd expects to return to the black in financial year 2025 (FY2025), driven by the increase in sales volume and improved utilisation rates.
Although the group did not manage to achieve profitabil…
KUALA LUMPUR, RHB Bank Bhd’s net interest margin (NIM) for the third quarter of 2024 (3Q2024) is expected to surpass the 1.89 per cent recorded in the second quarter, driven by a recent 10 basis points (bps) reduction in board fixed deposit rates and …
KUALA LUMPUR, The estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd will reduce their stake in Public Bank Bhd to 10 per cent over five years from the current 23.4 per cent.
This reduction will come via a restricted offer…
KUALA LUMPUR, Public Bank Bhd has proposed to acquire a 44.15 per cent stake in LPI Capital Bhd, comprising 175.9 million shares, for RM1.72 billion in cash or RM9.80 per share.
Following the proposed acquisition, Public Bank will be required to exte…
KUALA LUMPUR, Malaysia’s natural rubber (NR) production decreased by 5.2 per cent to 35,979 tonnes in August 2024 against 37,960 tonnes in July 2024, according to Statistics Department Malaysia (DOSM).
Year-on-year comparison showed NR production ros…