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Upfront Financing Needed To Support Malaysia’s Green Steel Transition - Think Tank

KUALA LUMPUR, Oct 29 (Bernama) -- Upfront financing support is needed to help Malaysia’s iron and steel producers fund capital-intensive investments and transition to green steel production, said the Socio-Economic Research Centre (SERC).

Main Market-Bound Big Caring Aims To Raise RM637.8 Mln From IPO

KUALA LUMPUR, Oct 29 (Bernama) -- Retail pharmacy chain Big Caring Group Bhd (BCG) aims to raise RM637.8 million through its initial public offering (IPO), en route to its listing on Bursa Malaysia’s Main Market.

Northern Trust’s Singapore Branch Turns 30, Pledges Continued Investment

KUALA LUMPUR, Oct 29 (Bernama) -- Northern Trust, a wealth management, asset servicing, asset management and banking services provider, is celebrating the 30th anniversary of its Singapore branch, which it set up in 1996 to serve clients across Asia Pacific.

State Sales Tax, Logistics Costs The Main Factors In FFB Purchase Price Differences Between Sabah And Peninsula

KUALA LUMPUR, Oct 29 (Bernama) — The imposition of State Sales Tax (SST) as well as logistics and transportation costs are the main factors behind the difference in the purchase price of fresh fruit bunches (FFB) between Sabah and the peninsula, said Deputy Plantation and Commodities Minister Datuk Seri Huang Tiong Sii.

Estek Invests Rm20 Mln In New Batu Kawan Manufacturing Facility

BATU KAWAN, Oct 29 (Bernama) -- Estek Automation Sdn Bhd has invested RM20 million in a new 50,000-square-foot manufacturing facility in Batu Kawan, Penang, to expand its capabilities in semiconductor equipment, artificial intelligence (AI)-driven solutions and contract manufacturing.

YYForce Targets US$20 Mln Malaysian Revenue In FY2027

KUALA LUMPUR, Oct 29 (Bernama) -- YYForce Inc (YYForce) is targeting US$20 million in revenue from its Malaysian operations in its 2027 financial year (FY2027), after signing new hospitality contracts and expanding its service robot deployments in the country. (US$1 = RM4.07)

Ras Al Khaimah Signs Fujian Pact, 10 MoUs In China 

KUALA LUMPUR, Oct 29 (Bernama) -- Ras Al Khaimah (RAK) and China’s Fujian Province have signed a friendship agreement to strengthen economic, maritime and cultural ties, concluding a six-day visit to China by the emirate’s Ruler, Sheikh Saud bin Saqr Al Qasimi.

Automotive, Data Centres, Aerospace Offer Higher-value Opportunities For Steelmakers -- Sim

SUBANG JAYA, Oct 29 (Bernama) -- Malaysia’s iron and steel industry can seize opportunities to shift to higher-value production by supplying the automotive, data centre, and aerospace sectors, Deputy Investment, Trade and Industry Minister Sim Tze Tzin said.

Budget 2027: RM1 Bln Electronic Medical Records Investment To Boost Health IT Opportunities

KUALA LUMPUR, Oct 29 (Bernama) -- The RM1 billion signalled in Budget 2027 for investment in nationwide electronic medical records will create longer-term opportunities for health information technology (IT), interoperability and digital infrastructure, while supporting continued efforts to expand health records. 

Bursa Malaysia Key Index Firmer At Midday, Tracking Regional Gains

KUALA LUMPUR, Oct 29 (Bernama) -- Bursa Malaysia’s key index traded firmer at midday in line with regional gains amid ongoing external and domestic headwinds.

UAE’s Space42 Signs Satellite MoU With Viasat, Canada’s Terrestar

KUALA LUMPUR, Oct 29 (Bernama) -- Space42, the United Arab Emirates (UAE)-based artificial intelligence (AI)-powered SpaceTech company, United States satellite firm Viasat Inc and Canada’s Terrestar Solutions Inc have signed a memorandum of understanding (MoU) to develop an open, standards-based framework linking their planned satellite networks for direct-to-device (D2D) mobile services.

Tebedu-Entikong Route Reopening To Boost Cross-border Trade, Benefit SMEs -- SBF

By Zaphne Philip

KUCHING, Oct 29 (Bernama) -- The reopening of the Tebedu-Entikong trade route could significantly stimulate economic activity, boost cross-border trade, and attract investment between Sarawak and West Kalimantan, the Sarawak Business Federation (SBF) said.