Kuala Lumpur, 10 July 2024 – Sunway Pyramid, Malaysia’s prominent retail destination, is set to unveil Oasis, its reconfigured retail space, by Q4 this year.  Spanning over 250,000 sq ft across four levels from the Orange Atrium to the Blue Atrium, Oasis is a pivotal component of Sunway Pyramid’s enhancement initiative to attract a diverse array of high-yielding tenants and increase footfall. Positioned to be a cornerstone of renowned retail, the reconfiguration will accommodate approximately 100 tenants, including esteemed brands such as H&M Home, Art Toys Cafe by MILOLO and MUJI Fla ..read more

Kuala Lumpur, Malaysia, 5 July 2024 – Pan Pacific Serviced Suites Kuala Lumpur, a premier choice for luxurious urban living in the prime Bukit Bintang area, is proud to announce that it has once again been recognized with the Luxury Lifestyle Award for the Best Luxury Serviced Suites in Malaysia for 2024. This marks the second consecutive year that the establishment has received this prestigious accolade, highlighting its commitment to delivering unmatched luxury and exceptional service to its esteemed guests. spacious suites, perfect for both short and long-term stays. Guests can choose from ..read more

Shah Alam, Wednesday, 19 June 2024 Top Glove Corporation Bhd or “Top Glove” today announced its financial results for the Third Quarter ended 31 May 2024 (3QFY2024), emerging from a protracted period of industry wide glove demand/supply imbalance, to deliver a substantially stronger performance as it moves closer to breakeven. For 3QFY2024, the Group registered Sales Revenue of RM637 million, an increase of 16% quarter on quarter and 20% year on year. Its operational losses reduced to RM34 million in 3QFY2024 from a loss of RM59 million in 2QFY2024, representing a 42% improvement. Meanwhile, S ..read more

Kuala Lumpur, 20 June 2024 – Malton Berhad (Malton or Group) has partnered with RHB Banking Group (RHB or the Bank) to offer attractive green home financing options for River Park homebuyers at Bangsar South. This partnership aims to make eco–friendly living more accessible for Malaysians seeking a sustainable lifestyle. Through RHB’s innovative Green Home Financing programme, River Park buyers can enjoy a loan margin of up to 95%, along with a 5% MRTA/MRTT/FEC (Mortgage Reducing Term Assurance/Mortgage Reducing Takaful Term/Finance Entry Cost). (from left) Fong Weng Chuin (Head, Developer &a ..read more

KUALA LUMPUR, 11 July 2024 – The 2Q 2024 RAM-CTOS Business Confidence Index (BCI) survey indicated that businesses remain broadly optimistic. The overall index came in at 54.0 (1Q 2024: 53.4), staying above the neutral level of 50 for the second consecutive quarter. Corporate sentiment reached a high of 59.3 in 2Q 2024, up from 57.1 in 1Q 2024, while SMEs remained optimistic at 52.6 slightly down from 53.0 in the previous quarter. Figure 1: Overall business sentiment continues to improve in 2Q 2024 * The RAM-CTOS sub-index commenced in 1Q 2022. Data points prior to this are derived from the m ..read more

Kuala Lumpur, 11 July 2024 The Securities Commission Malaysia (SC) is inviting applications for the second cohort of its FIKRA ACE Accelerator programme, part of the FIKRA ACE initiative. Launched in 2023, FIKRA ACE¹ is a three-year initiative aimed at advancing the Islamic Capital Market (ICM) through innovative Islamic fintech solutions. The programme comprises an Accelerator, Circle and Excel components. Following the success of the first cohort² last year, the SC is now inviting applications for its 2024 cohort. FIKRA Accelerator provides a platform for startups to develop innovative solut ..read more

KUALA LUMPUR, 11 JULY 2024 – Theta Edge Berhad (“Theta”), a leading innovator in technology and telecommunication solutions, through its subsidiary, Theta Telecoms Sdn Bhd has secured a request for proposal (RFP) contract from Ampang Jaya Municipal Council (MPAJ) for the provision of supplying and maintaining cutting-edge Internet of Things (IOT) technology as part of the city’s Smart Business Initiative, for a concession period of 20 years under the Private Public Partnership (“PPP”). Under this project, Theta will invest RM673.8 million to develop IOT for Smart Economy in Ampang Jaya. The co ..read more

Spanning over 217,800 square feet, the new plant is approximately 3.5 times larger than the previous plant at Kepong, Malaysia Positioning Malaysia as a key player in the regional construction industry, the new plant will manufacture high-quality construction chemical products for export to over 18 countries, including Greater China, North Asia, and the Pacific From L to R: Mr. David C. Dennsteadt, Group President of RPM Performance Coatings Group, Inc., Mr Saptak Roy, Managing Director of RPM Platform Markets APAC, Mr. Grant Boonzaier, Managing Director of Platform Markets, RPM Performance ..read more

inDrive, a prominent global mobility and urban services platform headquartered in Mountain View, California, USA, has announced a significant expansion in its financing partnership with venture capital firm General Catalyst, securing an additional US$150 million to bring the total funding to US$300 million. This extension, which may be further prolonged for another year, provides inDrive with enhanced financial flexibility to bolster growth initiatives, invest in product enhancements, diversify service offerings and penetrate new markets. This financing milestone follows a prosperous year for ..read more

As the financial landscape of 2024 unfolds with global uncertainties, explore strategic investment insights for building a resilient portfolio in the face of market volatility and opportunities. As we embark on the journey through 2024, investors are met with a landscape brimming with both opportunities and challenges. With a record number of elections globally, including the pivotal November US elections, and a backdrop of geopolitical tensions and lingering pandemic concerns, the year ahead promises to be one of volatility. However, amid this uncertainty, there are strategies investors can e ..read more