KLCI Futures Close Higher In Line With Cash Market

KUALA LUMPUR, June 26 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended higher in line with the better cash market performance. 

Vestland Secures RM135 Mln Contract From Golden Armani

KUALA LUMPUR, June 26 (Bernama) -- Vestland Bhd’s wholly owned subsidiary Vestland Resources Sdn Bhd (VRSB) had accepted a letter of award from Golden Armani Sdn Bhd (GASB) to undertake the superstructure works for a contract sum of RM135 million. 

Bursa Malaysia Ends Slightly Higher As Late Rebound In Banking Stocks Lifts Market

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, June 26 (Bernama) -- Bursa Malaysia reversed earlier losses to settle slightly higher on Friday, supported by a late rebound in banking stocks that lifted the benchmark index into positive territory just minutes before the market closed, an analyst said. 

Econpile Wins RM48.8 Mln Contract For KL Serviced Apartment Project

KUALA LUMPUR, June 26 (Bernama) -- Econpile Holdings Bhd has secured a RM48.8 million subcontract from Vestland Infra Sdn Bhd to undertake specialist bored pile and foundation works for a serviced apartment project in Kuala Lumpur.

Reinvestment Allowance: MITI To Convey Industry Players' Feedback To MoF

MELAKA, June 26 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) is currently looking at issues related to the reinvestment allowance (RA) and will bring them to the attention of the Finance Ministry (MoF) following the business community’s call for improvements to the incentive to encourage greater corporate reinvestment.

Service Tax Exemption Eases Financial Impact On Non-residential Buildings Management - MIPFM

KUALA LUMPUR, June 26 (Bernama) -- The government’s decision to exempt Service Tax on service charges and sinking fund contributions for non-residential buildings will help ease the financial impact on the management of non-residential stratified properties, said the Malaysian Institute of Property and Facility Managers (MIPFM).

AI-Powered Elsa Corp Enters Malaysia's English Proficiency Market

KUALA LUMPUR, June 26 (Bernama) -- San Francisco-based Elsa Corp has entered the English proficiency market in Malaysia by appointing K-Pintar Sdn Bhd and Cedar Tech Training Sdn Bhd as its authorised partners in the country to help organisations improve workplace English communication performance.

Moneysave, Labuan Chamber Of Commerce Ink MoU For RM200 Mln SME Financing Initiative

KOTA KINABALU, June 26 (Bernama) -- Moneysave (M) Sdn Bhd and the Labuan Chamber of Commerce (LCC) signed a memorandum of understanding (MoU) today to launch a RM200 million financing initiative aimed at improving access to capital for small and medium enterprises (SMEs) in Sabah and Labuan.

Workforce Investment, Diversification Key To Withstanding Industry Crises -- MAG

SEPANG, June 26 (Bernama) -- Malaysia Aviation Group (MAG) has identified investment in its workforce, business diversification and stakeholder collaboration as key to strengthening its resilience against recurring crises in the aviation industry, said its president and group chief executive officer Capt Nasaruddin A. Bakar.

Enest Group Eyes RM15.11 Mln IPO Proceeds To Repay Debt, Fund Operations

KUALA LUMPUR, June 26 (Bernama) -- LEAP Market-listed Enest Group Bhd aims to raise RM15.11 million from its initial public offering (IPO) as part of its transfer to the ACE Market of Bursa Malaysia Securities Bhd.

Bursa Malaysia Trends Lower At Midday Due To Profit-taking

KUALA LUMPUR, June 26 (Bernama) -- Bursa Malaysia trended lower at midday, weighed down by profit-taking, mainly led by the property and healthcare stocks. 

Aeronas Aerocraft Secures Orders From Hong Kong Worth RM357 Mln

SERDANG, June 26 (Bernama) -- Malaysian light aircraft manufacturer Aeronas Aerocraft Sdn Bhd has secured an order for 50 light aircraft worth US$85 million (RM357 million) from Hong Kong-based Consortium Wholechoice.