UltraTech set to acquire 23% in India Cements
UltraTech Cement Ltd, owned by billionaire Kumar Mangalam Birla, will acquire a 23% stake in India Cements for about US$226mil,…
GlobalData sees telco services growing by 1.9%
The total telecom and pay-TV services revenue in Malaysia is expected to increase at a compound annual growth rate of…
Negative impact if BlackRock is withdrawn
The withdrawal of BlackRock’s investment from Malaysia, if it happens, will have implications and negative impacts on efforts to realise…
United Malacca expects spike in FFB production
United Malacca Bhd expects fresh fruit bunch (FFB) production to increase in the financial year 2025 (FY25) due to better…
Vestigo inks PETRONAS deal in Sabah
Petroliam Nasional Bhd (PETRONAS) has inked a small field asset production-sharing contract (PSC) with Vestigo Petroleum Sdn Bhd for a…
YNH’s sukuk wakalah rating downgraded
MARC Ratings has removed YNH Property Bhd’s Islamic Medium-Term Notes Programme (sukuk wakalah) rating from MARCWatch Negative placement and concurrently…
SSF Home 4Q revenue rises 34%
SSF Home Group Bhd reported a profit after tax of RM6.2mil in the fourth quarter ended April 30, 2024 (4Q24),…
Higher operating expenses a damper for Sapura Energy
Sapura Energy Bhd’s net profit for the first quarter ended April 30, 2024 (1Q25) tumbled by 44% year-on-year (y-o-y) to…
Chipmaker Nexperia invests US$200mil in Germany
Nexperia, one of the world’s largest makers of basic semiconductors such as diodes and transistors, says it will invest US$200mil…