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…

Malaysia’s Palm Oil Exports Climb 0.93 Pct To 1.54 Mln Tonnes In September – MPOB

KUALA LUMPUR, The Malaysian Palm Oil Board (MPOB) reported that palm oil exports in September 2024 saw a marginal increase of 0.93 per cent to 1.54 million tonnes from 1.53 million tonnes in August 2024.

It said Malaysia’s crude palm oil (CPO) produc…

Budget 2025 To Pave Way For 13th Malaysia Plan, Address Cost-of-living Challenges: MIER

KUALA LUMPUR, Budget 2025, set to be tabled on Oct 18, marks the final budget under the 12th Malaysia Plan (2021-2025) and is expected to lay the groundwork for the upcoming 13th Malaysia Plan (2026-2030).

The Malaysian Institute of Economic Research…

Sapura Resources Appoints Reza Abdul Rahim As Acting MD

KUALA LUMPUR, Sapura Resources Bhd have redesignated Reza Abdul Rahim as its executive director and acting managing director (MD) effective today.

In a filing with Bursa Malaysia today, the company said Reza would temporarily assume the duties, funct…

Malaysia Increasingly Attractive To Foreign Investors — UBS Global Research

KUALA LUMPUR, Malaysia has become increasingly attractive to foreign investors due to several factors, such as the country’s political stability and track record in exercising fiscal responsibility, said UBS Global Research.

UBS said Malaysia’s compe…

Unemployment Rate In Malaysia Falls To 3.2 Pct in August

PUTRAJAYA, August’s unemployment rate fell to 3.2 per cent, registering 558,500 unemployed persons, according to the Labour Force Statistics for August released today.

The rate dropped by 0.1 percentage points to 3.2 per cent after nine months regist…