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Seven States Surpasses National Manufacturing Capacity Utilisation Rate In 2Q 2024

August 21, 2024

KUALA LUMPUR, Seven states have surpassed the national manufacturing industry capacity utilisation rate in the second quarter of 2024 (2Q 2024).

The nation’s manufacturing industry capacity utilisation increased by 3.8 percentage points year-on-year…

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Big Tech Set To Expand Data Centre Capacity In Asia – EIU

August 21, 2024

KUALA LUMPUR, Big technology companies are expected to expand data centre capacity in Asia given the anticipated pressure on national grids, according to the United Kingdom’s (UK) Economist Intelligence Unit (EIU).

The EIU said the UK’s National Gri…

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Petronas Starts Gas Output At Sarawak’s Kasawari Field

August 21, 2024

KUALA LUMPUR, Petroliam Nasional Bhd (Petronas) has commenced gas production at the Kasawari field in Block SK316, Sarawak, with an initial flow rate of 200 million standard cubic feet per day (MMscf/d).

Block SK316, located approximately 200 kilome…

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AMMB Net Profit Rises 32 Pct To RM500 Mln In 1Q FY2025 On NIM Expansion, Lower Impairment

August 20, 2024

KUALA LUMPUR, AMMB Holdings Bhd’s (AmBank Group) net profit rose by 32.2 per cent to RM500.20 million in the first quarter ended June 30, 2024 (1Q FY2025) from RM378.37 million a year before, mainly due to lower impairment charges.

Revenue, however,…

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Malaysia Aims To Diversify Economic Diplomacy Through BRICS – PM Anwar

August 20, 2024

KUALA LUMPUR, Prime Minister Datuk Seri Anwar Ibrahim said Malaysia aims to diversify its economic diplomacy efforts by participating in the intergovernmental organisation BRICS and enhance its collaboration with member countries through shared initi…

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