News by TheEdgeMarkets.com

The group recorded a net profit of RM782.66 million for the financial year ended Dec 31, 2022 (FY2022), up 58% from RM495.85 million, on the back of 24% growth in revenue to RM1.46 billion from RM1.17 billion.

MBSB Bank Bhd appears to be the first to announce an Employees Provident Fund (EPF)-backed loan, or the Account 2 Support Facility (FSA2), for members aged between 40 and 55.

Domestic electricity users with high volume usage may be the next target for higher tariffs, following upward adjustments for large corporations in January, according to CGS-CIMB Research.

Tanco Holdings Bhd has aborted a plan to raise RM100 million through an allotment of 100 million redeemable preference shares (RPS) of RM1 each to the Social Security Organisation (Socso).

Kitchen specialist Signature International Bhd is acquiring a 45% stake in home furnishing company Zig Zag Builders (M) Sdn Bhd (ZZBSB) to diversify its customer base.

PVC products manufacturer Tek Seng Holdings Bhd is acquiring three parcels of freehold vacant land near its factories in Seberang Perai, Penang for RM33.96 million.

Ayer Holdings Bhd, formerly known as TAHPS Group Bhd, has proposed a dividend of 20 sen per share for the financial year ended Dec 31, 2022 (FY2022), the highest by the group since FY2015, when it paid a dividend of 32 sen.

RHB Research has maintained its “overweight” rating of the property and real estate sector, naming IOI Properties Group Bhd and Matrix Concepts Holdings Bhd as its top picks.

Abdul Hamid Shaikh Abdul Razak Shaikh was charged at the Sessions Court here on Tuesday (April 5) for offering RM500,000 a year for 15 years for the benefit of then communications and multimedia minister Tan Sri Annuar Musa in exchange for expediting Abdul Hamid’s company's take over of the KL Tower concession.

Sunway Construction Group Bhd (SunCon) has signed a second supplemental agreement for additional works amounting to RM606.64 million in regards to the South Quay Square project.