Malaysia-Canada Economic Ties Strengthen With 41 Pct Trade Increase

Malaysia and Canada are deepening their economic ties, with bilateral trade reaching RM8.05 billion as of August 2024, marking a significant 41 per cent increase year-on-year, according to the Ministry of Investment, Trade and Industry (MITI).

MITI …

Malaysia’s IPI Rises 4.1 Pct In August, Propelled By Manufacturing Sector’s Growth

Malaysia’s Industrial Production Index (IPI) increased by 4.1 per cent in August 2024, propelled by the moderate growth in the manufacturing sector, said the Department of Statistics (DOSM).

‘The Industrial Production Index (IPI) moderated to 4.1 pe…

Top Glove Expects To Return To Black In FY2025 – MD

KUALA LUMPUR, Glove manufacturer, Top Glove Corporation Bhd expects to return to the black in financial year 2025 (FY2025), driven by the increase in sales volume and improved utilisation rates.

Although the group did not manage to achieve profitabil…

RHB Bank Net Interest Margin Seen Higher In Third Quarter

KUALA LUMPUR, RHB Bank Bhd’s net interest margin (NIM) for the third quarter of 2024 (3Q2024) is expected to surpass the 1.89 per cent recorded in the second quarter, driven by a recent 10 basis points (bps) reduction in board fixed deposit rates and …

Teh Family To Reduce Public Bank Stake To 10 Pct Over Five Years

KUALA LUMPUR, The estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd will reduce their stake in Public Bank Bhd to 10 per cent over five years from the current 23.4 per cent.

This reduction will come via a restricted offer…

Public Bank To Acquire 44.15 Pct In LPI Capital For RM1.72 Bln Cash

KUALA LUMPUR, Public Bank Bhd has proposed to acquire a 44.15 per cent stake in LPI Capital Bhd, comprising 175.9 million shares, for RM1.72 billion in cash or RM9.80 per share.

Following the proposed acquisition, Public Bank will be required to exte…

Malaysia’s Natural Rubber Production Slid 5.2 Pct In August 2024 – DOSM

KUALA LUMPUR, Malaysia’s natural rubber (NR) production decreased by 5.2 per cent to 35,979 tonnes in August 2024 against 37,960 tonnes in July 2024, according to Statistics Department Malaysia (DOSM).

Year-on-year comparison showed NR production ros…