Ann Joo Unit Bags RM61.89 Mln Solar Subcontract Deal

KUALA LUMPUR, Oct 28 (Bernama) -- Ann Joo Resources Bhd’s (AJR) indirect wholly owned subsidiary, IAC Infrastructure Sdn Bhd (IACI), has entered into a subcontract agreement worth RM61.89 million.

Oriental Interest Terminates Proposed Acqusition Of Chin Hin Jitra And CHJ Motor

KUALA LUMPUR, Oct 28 (Bernama) -- Property developer Oriental Interest Bhd will not proceed with the proposed RM280 million acquisition of the entire equity interest in Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings Sdn Bhd.

PHB Acquires RM300 Mln Logistics Complex In Penang From Titijaya

KUALA LUMPUR, Oct 28 (Bernama) -- Pelaburan Hartanah Bhd (PHB) has acquired a logistics real estate asset in Bayan Lepas Waterfront, Penang, from Titijaya Land Bhd for approximately RM300 million.

Malaysia’s Digital Economy To Reach US$48 Bln GMV In 2026, Matching Vietnam’s Growth

KUALA LUMPUR, Oct 28 (Bernama) -- Malaysia’s digital economy is projected to reach US$48 billion (US$1=RM4.08) in gross merchandise value (GMV) this year, according to the 11th edition of the annual e-Conomy SEA Report 2026. 

Asian Pac To Buy Kuantan Land For RM42.09 Mln, To Develop RM281.3 Mln Commercial Project

KUALA LUMPUR, Oct 28 (Bernama) -- Asian Pac Holdings Bhd (APHB) has entered into agreements with KotaSAS Sdn Bhd to acquire 8.69 hectares (ha) of leasehold land in Kuantan, Pahang, for RM42.09 million and undertake an adjoining commercial development with an estimated gross development value (GDV) of RM281.3 million.

Maxis Neither Deny Nor Confirm Merger Report 

KUALA LUMPUR, Oct 28 (Bernama) -- Maxis Bhd neither denied nor confirmed a media report of a merger today but acknowledged that it is always evaluating strategic opportunities and partnerships that are value accretive.

Kenanga IB Raises Malaysia's 2026 PPI Growth Forecast To 7.4 Pct Amid Energy Risks

KUALA LUMPUR, Oct 28 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) has raised Malaysia’s 2026 Producer Price Index (PPI) growth forecast to 7.4 per cent from 6.4 per cent previously, amid persistent energy market risks from the prolonged conflict in West Asia.

Ringgit Ends Higher Against Greenback Amid Confidence In Malaysia’s Economic Fundamentals

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 28 (Bernama) -- The ringgit rebounded to close higher against the US dollar on Wednesday amid confidence in Malaysia’s economic fundamentals, supported by optimism over artificial intelligence (AI)-related investments and expectations of sustained domestic growth, an analyst said.

Berjaya Construction To Undertake RM1.2 Bln Sanglang Port Development Project

KUALA LUMPUR, Oct 28 (Bernama) -- Berjaya Construction Bhd is set to undertake the design-and-build works for the Sanglang Port development project in Perlis, which has an estimated total development cost of RM1.2 billion, including initial construction costs of RM675 million.

Rubber Market Ends Mixed, Supported By Regional Gains

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 28 (Bernama) -- The Kuala Lumpur rubber market ended mixed today, tracking gains in regional rubber futures, said a dealer.

BNM Imposes Penalties On Three Entities For Anti-money Laundering, Terrorism Breaches

KUALA LUMPUR, Oct 28 (Bernama) -- Bank Negara Malaysia (BNM) has imposed administrative monetary penalties (AMP) of RM276,000 each on AmBank (M) Bhd and AmBank Islamic Bhd for failing to submit cash threshold reports (CTR) promptly. 

Govt Reviews Power Supply Before Deciding On 24 Data Centre Applications

KUALA LUMPUR, Oct 28 (Bernama) -- The government has yet to decide on 24 new data centre applications as it assesses whether electricity supplies can meet the needs of 117 projects already approved, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.