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Economy

Penang Seeks To Boost Cruise Tourism With New '3I Strategy'

GEORGE TOWN, Oct 31 (Bernama) -- Penang is stepping up efforts to strengthen its position as a leading cruise tourism destination with the introduction of a proposed ‘3I Strategy’ aimed at enhancing port facilities and attracting new international cruise routes.

Global Air Passenger Demand Down 0.5 Pct In September Amid Weaknesses In Middle East, North America

KUALA LUMPUR, Oct 30 (Bernama) -- Total global air passenger demand, measured in revenue passenger kilometres (RPK), was down 0.5 per cent in September 2026 compared to the same month last year, reflecting weaknesses in the Middle East and North America.

Ni Hsin Unaware Of Reports Or Rumours Causing Share Price Fall

KUALA LUMPUR, Oct 30 (Bernama) -- Ni Hsin Group Bhd said it has no knowledge of any rumour or report concerning the group’s business and affairs that may account for the sharp price fall and high trading volume of its shares after Bursa Malaysia Securities Bhd issued an unusual market activity (UMA) earlier today.

Silicon Island: 202 Hectares Reclaimed, Green Tech Park To Be Developed In 2027 – Chow

GEORGE TOWN, Oct 30 (Bernama) -- The development of Silicon Island in Penang will focus on the construction of a 283.28-hectare (ha) Green Tech Park in 2027, after 202.34 ha of the total 513.95 ha Phase 1 area had been reclaimed by October this year.

MAA Group Faces Going Concern Uncertainty Amid RM106.9 Mln Loss

KUALA LUMPUR, Oct 30 (Bernama) -- MAA Group Bhd’s external auditors, KPMG PLT, have issued an unqualified audit opinion on its financial statements for the financial year ended June 30, 2026 (FY2026), while highlighting a material uncertainty related to the group’s ability to continue as a going concern.

YTL Construction Clinches Three Major Industry Awards

KUALA LUMPUR, Oct 30 (Bernama) -- YTL Construction has won three major industry awards, including two at the Malaysian Construction Industry Excellence Awards (MCIEA) 2026, organised by the Construction Industry Development Board (CIDB) Malaysia.

Penang Tables RM1.074 Bln Budget For 2027 With Lowest Deficit Of RM5.62 Mln

GEORGE TOWN, Oct 30 (Bernama) -- The Penang state government today tabled its budget for 2027 amounting to RM1.074 billion, comprising RM1.042 billion for operating expenditure and RM280.17 million for development expenditure.

IGB REIT's 3Q Net Profit Rises To RM144.15 Mln

KUALA LUMPUR, Oct 30 (Bernama) -- IGB Real Estate Investment Trust (IGB REIT) posted a higher net profit of RM144.15 million for the third quarter ended Sept 30, 2026 (3Q 2026), from RM95.62 million in the corresponding quarter last year.

Mi Technovation Unit To Acquire KHL Building In Singapore For SG$103.88 Mln

KUALA LUMPUR, Oct 30 (Bernama) -- Mi Technovation Bhd's wholly owned subsidiary, Ohima  International Pte Ltd, has entered into a conditional sale and purchase agreement to acquire a seven-storey light industrial development located at New Industrial Road, KHL Building, in Singapore, for S$103.88 million (RM331.80 million) in cash.

Cuscapi Proposes RM190 Mln Capital Reduction, 15 Pct Share Scheme

KUALA LUMPUR, Oct 30 (Bernama) -- Cuscapi Bhd has proposed a share capital reduction (SCR) of up to RM190 million pursuant to Section 117 of the Companies Act 2016.

KTMB's Freight Revenue Rises 10 Pct To RM96 Mln In 9M 2026

KUALA LUMPUR, Oct 30 (Bernama) -- Keretapi Tanah Melayu Bhd (KTMB) continues to strengthen its freight business, recording RM96 million in revenue for the first nine months (9M) of 2026, up 10 per cent from the same period last year.

CAN Trader, Guidance Marine Partner On Offshore Vessel Tech

KUALA LUMPUR, Oct 30 (Bernama) -- CAN Trader & Services Pte Ltd (CAN Trader), a Singapore-based marine electronics and systems integration company, has partnered with Guidance Marine, a provider of position reference technology for dynamic positioning (DP) systems used in the maritime and offshore industries.