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Milux Proposes To Acquire 100 Pct Stake In Movon For RM150 Mln

KUALA LUMPUR, July 13 (Bernama) -- Home appliance distributor Milux Corporation Bhd has proposed to acquire a 100 per cent equity interest in Movon Sdn Bhd from Abletech Solutions Sdn Bhd (ASSB) and Datuk Dr Lim Jee Gin for RM150 million.

Pos Malaysia Targets 70,000 Customers For New Pos ArRahnu Gold-i Service In First Year

KUALA LUMPUR, July 13 (Bernama) -- Pos Malaysia Bhd is targeting between 50,000 and 70,000 customers for its newly launched Syariah-compliant digital gold service, Pos ArRahnu Gold-i, in the first year.

RHB Bank Introduces RHB Sinar Credit Card-i With 14 Pct Profit Rate

KUALA LUMPUR, July 10 (Bernama) -- RHB Bank Bhd has introduced the new RHB Sinar Credit Card-i, which features a retail transaction profit rate of 14 per cent per annum, on par with similar offerings from industry peers, and lower than the industry norm, which may reach 18 per cent per annum.

AIA Malaysia Marks 10th Year Milestone As Million Dollar Round Table Insurer

KUALA LUMPUR, July 9 (Bernama) -- Insurance and takaful provider AIA Malaysia has secured the top position in the Million Dollar Round Table (MDRT) rankings in Malaysia for the 10th time, recording a total of 827 MDRT qualifiers, including 19 Top of the Table (TOT) and 67 Court of the Table (COT) members.  

AEON Bank Biz Supercharges Business Growth With Term Financing-i And Working Capital Financing-i

KUALA LUMPUR, July 9 (Bernama) -- AEON Bank (M) Bhd, Malaysia's first digital Islamic bank, has introduced Term Financing-i and Working Capital Financing-i, anchored by its business banking vertical, AEON Bank Biz, as it expands its business banking financing facilities.

Meltwater Expands MCP Capabilities For AI Assistants 

KUALA LUMPUR, July 9 (Bernama) -- Meltwater has expanded its Model Context Protocol (MCP) capabilities by introducing new tools that enable artificial intelligence (AI) assistants to perform actions within the Meltwater platform, including accessing insights, creating reports and tracking alerts in real time.

Malaysian Banks, DFIs Adopt AI Rapidly But Remain Cautious On Key Decisions -- AICB Report

KUALA LUMPUR, July 9 (Bernama) -- Malaysian banks and development financial institutions (DFIs) are rapidly adopting artificial intelligence (AI), but many remain cautious about using AI for high-impact business decisions.

AI-Enabled Grid Should Drive Malaysia’s Energy Transition - Industry Expert

KUALA LUMPUR, July 8 (Bernama) -- Malaysia’s energy transition will depend not only on expanding generation capacity but also on its ability to build a smarter, more integrated and more resilient power grid, an industry expert said.

MADANI Govt Continues Working With BNM, Banking Industry To Ensure Financial System Remains Stable

KUALA LUMPUR, July 8 (Bernama) -- The MADANI government will continue to work closely with Bank Negara Malaysia (BNM) and the banking industry to ensure the country’s financial system remains stable, inclusive, and people-centred.

GB Bond Receives Bursa Malaysia Approval For ACE Market Listing

KUALA LUMPUR, July 8 (Bernama) -- GB Bond Holdings Bhd, a Penang-based manufacturer of water-based industrial adhesives, emulsion polymers and sealants, has obtained Bursa Malaysia Securities Bhd's approval for its initial public offering (IPO) ahead of its listing on the ACE Market of Bursa Malaysia.

Modon's Hudayriyat Project Tops 13 Bln Emirati Dirham In Sales

KUALA LUMPUR, July 8 (Bernama) -- Modon has recorded more than 13 billion Emirati dirham in sales within days of launching Hudayriyat Golf Estates on Hudayriyat Island in Abu Dhabi, setting what the company claimed is the highest publicly recorded sales value for a single residential project launch in the United Arab Emirates (UAE). (100 Emirati dirham = RM111.03)

MCE Unveils RM50 Mln Automotive Electronics Manufacturing Hub In Serendah

HULU SELANGOR, July 7 (Bernama) -- MCE Holdings Bhd (MCE) today officially launched the MCE Auto Hub, a RM50 million advanced manufacturing facility in UMW High Value Manufacturing Park, Serendah, that will strengthen the group's design, engineering, manufacturing and research and development capabilities.