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Vstecs 2Q Net Profit Jumps 50 Pct To RM30.31 Mln On Strong Growth Across All Business Segments

KUALA LUMPUR, Aug 12 (Bernama) -- Vstecs Bhd’s net profit for the second quarter ended June 30, 2026 (2Q 2026) increased 50 per cent to RM30.31 million from RM20.17 million in the same period a year ago, underpinned by strength across all business segments.

SME Financing Conditions Remain Supportive, But Businesses Must Adapt - BNM Governor

KUALA LUMPUR, Aug 12 (Bernama) -- Overall financing conditions for small and medium enterprises (SMEs) remain supportive, with banks and development financial institutions (DFIs) continuing to provide financing to viable businesses.

K2 Global Raises US$200 Mln For AI Investment

KUALA LUMPUR, Aug 12 (Bernama) -- K2 Global, founded by solo venture capitalist Ozi Amanat, has announced US$200 million in capital commitments focused on artificial intelligence (AI), robotics, compute infrastructure, semiconductors, national security and next-generation healthcare technologies. (US$1=RM4.08)

MIDA, Invest Hong Kong Renew Partnership, Promoting Two-Way Investment Between Malaysia And Hong Kong

KUALA LUMPUR, Aug 12 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and Invest Hong Kong (InvestHK) today renewed their memorandum of understanding (MoU), setting a shared course to capture new investment opportunities across ASEAN, the Greater Bay Area and Mainland China.

Haikou-Penang Direct Flights To Take Off Oct 11

GEORGE TOWN, Aug 12 (Bernama) -- The Haikou-Penang direct flight service will be launched on Oct 11, making Haikou the ninth Chinese city to have a scheduled direct air link with Penang, said State Tourism and Creative Economy Committee chairman Wong Hon Wai.

ACE Market-bound Pioneer Heat Aims To Raise RM21.68 Mln From IPO

KUALA LUMPUR, Aug 12 (Bernama) – Pioneer Heat Holdings Bhd aims to raise RM21.68 million from its initial public offering (IPO) following its listing on the ACE Market of Bursa Malaysia on Sept 17, 2026.

RE Players Need More Flexible Risk Assessment To Boost Project Bankability – SEDA

KUALA LUMPUR, Aug 12 (Bernama) -- Securing project bankability and adapting conventional risk assessment approaches are among the challenges facing Malaysia’s renewable energy (RE) sector, despite the availability of green financing and financial institutions’ environmental, social and governance (ESG)  commitments.

Casuarina Meru Eyes 62 Pct Occupancy Rate, Launches Loyalty Programme

IPOH,  Aug 11 (Bernama) -- Casuarina Meru Sdn Bhd is targeting an overall occupancy rate of 62 per cent for its four-star Hotel Casuarina@Meru this year, driven by positive domestic tourism growth and sustained visitor arrivals.

Asian Captive Conference 2026 To Focus On Emerging, Complex Risks

KUALA LUMPUR, Aug 11 (Bernama) -- The 8th Asian Captive Conference (ACC) 2026 will focus on the role of captive insurance in helping organisations manage emerging and increasingly complex risks amid a volatile global environment.

Malaysia-Hong Kong Dual IPO Listing Framework To Take Effect Next Month - Anthony Loke

KUALA LUMPUR, Aug 11 (Bernama) -- The simplified dual initial public offering (IPO) listing framework between Malaysia and Hong Kong will take effect next month, further strengthening capital market linkages between the two economies.

42 Companies Awarded FiT Projects, To Catalyse RM4.3 Bln In Investments

KUALA LUMPUR, Aug 11 (Bernama) -- A total of 42 companies have been successfully awarded projects under the 2026 Feed-in Tariff (FiT) mechanism, with the projects expected to catalyse approximately RM4.3 billion in total investments.

Inta Bina Bags RM115.65 Mln Construction Contract From Sime Darby Property

KUALA LUMPUR, Aug 10 (Bernama) -- Inta Bina Group Bhd’s wholly-owned subsidiary, Inta Bina Sdn Bhd, has secured a main building works contract worth RM115.65 million from Sime Darby Property (KL East) Sdn Bhd.