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Petronas takes full control of PRefChem in move to boost Malaysia’s energy security
KUALA LUMPUR, May 26 — Petronas announced today that its subsidiary, Petronas Refinery and Petrochemical Corporation Sdn Bhd, is set to acquire the stake held by Saudi Arabian Oil Company (Aramco) in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical
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Petrovietnam launches open tender for offshore Block 17 in South China Sea
HANOI, May 25 — Vietnam’s state energy firm Petrovietnam has invited investors to participate in an open tender for an offshore oil and gas block in the South China Sea, it said today. The invitation is for the Block 17
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Malaysia maintains strong position in halal industry as Jakim seen as global benchmark, says BMI
KUALA LUMPUR, May 25 — Malaysia’s institutional credibility remains a key competitive advantage in the global halal certification landscape, underpinned by the internationally recognised halal certification system developed by the Department of Islamic Development Malaysia (Jakim), according to BMI, a
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BPMB, Matrade team up on RM700m BizConnect initiative to lift Malaysian exporters’ global competitiveness
KUALA LUMPUR, May 25 — Bank Pembangunan Malaysia Bhd (BPMB) has partnered with Malaysia External Trade Development Corporation (Matrade) to accelerate Malaysia’s export ecosystem and broader economic transformation agenda via over RM700 million in strategic initiatives under BizConnect with Exporters
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Kelantan begins exploring rare earth reserves in Gua Musang with Japanese collaboration
KOTA BHARU, May 24 — The Kelantan state government is exploring the potential of rare earth elements (REE) identified in an area covering approximately 1,400 hectares near Ladang Subong, Gua Musang. State Local Government, Housing, Health and Environment Committee chairman
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World Bank document shows 27 countries seeking to ensure access to crisis funds
WASHINGTON, May 23 — Twenty-seven countries have moved since the Iran war started to put in place crisis instruments that could quickly access funding from existing World Bank programs, according to an internal document viewed by Reuters. The World Bank
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Bursa Malaysia ends higher as bargain hunting lifts FBM KLCI, sentiment steadies on easing West Asia tensions
KUALA LUMPUR, May 22 — Bursa Malaysia ended higher on Friday as bargain hunting resurfaced following several weak trading sessions. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.31 points, or 0.25 per cent, to 1,712.67, from yesterday’s
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Farm Fresh net profit climbs to RM129.6m as revenue tops RM1b milestone
KUALA LUMPUR, May 22 — Farm Fresh Bhd posted a higher net profit of RM129.61 million for the financial year ended March 31, 2026 (FY2026), compared with RM106.40 million in the previous financial year. Revenue also increased to RM1.12 billion
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DOSM: Malaysia’s labour productivity rises 4.8pc in Q1 2026
PUTRAJAYA, May 21 — Malaysia’s labour productivity stood at RM45.5 per hour worked in the first quarter of 2026, growing by 4.8 per cent compared with 5.8 per cent in the same quarter last year. According to the Malaysia Labour
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AI frenzy powers Nvidia to fresh record RM323.1b quarterly revenue, soaring profits
SAN FRANCISCO, May 21 — Chip giant Nvidia yesterday posted record quarterly revenue of US$81.6 billion (RM323.1 billion), blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter. The results for the first
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