2 min read Last Updated : Sep 05 2024 | 7:40 PM IST India needs to bring 80 per cent of their micro, small and medium enterprises (MSMEs) under the formal financial system from the existing 40 per cent, said M Nagaraju, secretary, Department of Financial Services. “…A little bit more than 40 million MSMEs registered, still only 40 per cent of them are in the formal… Source link

KUALA LUMPUR: CN Asia Corp Bhd has signed a framework agreement with Jianghe Electromechanical Equipment Engineering Co Ltd (JHEEE) to explore and invest in Malaysia’s wind energy sector. JHEEE, a state-owned enterprise based in Beijing, China, handles renewable energy projects and operations on behalf of the… Source link

AEON launched the “Planting Seeds of Growth for Future: Creating Gardens in Schools” tree planting program at Sekolah Kebangsaan Taman Bukit Maluri, Kepong. Kuala Lumpur, 5 September 2024 – AEON CO. (M) BHD. (AEON) has launched the “Planting Seeds of Growth for Future: Creating Gardens in Schools” tree planting program across the country as part of its 40th-anniversary celebration…. Source link

THE losses that former True Group chief executive officer Patrick Wee owes to the fitness chain should be calculated with reference to past performance and not internal budgets, Singapore’s High Court ruled on Thursday (Sep 5). This method of calculation, preferred by Wee, would result in a lower estimate. In July 2022, True Group won a lawsuit against Wee for mismanaging the closure of its… Source link

Last Updated : Sep 05 2024 | 12:04 PM IST Shares of Travels & Rentals were trading at Rs 57.75 on the BSE, a premium of 44.38% compared with the issue price of Rs 40. The scrip was listed at Rs 55, a premium of 37.50% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 57.75 and a low… Source link

KUALA LUMPUR, Sept 5 (Bernama) —  The recent Cabinet meeting gave approval for Malaysia to officially negotiate with the European Union (EU) to conclude a free trade agreement (FTA), said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He added that the government will ensure that the negotiations will provide a ‘win-win situation’ for the EU and… Source link

Leading Southeast Asian MarTech company, OpenMinds Group, today unveiled findings on the state of digitalisation among Malaysian businesses. The findings provide a detailed look at how Malaysian companies are navigating the complexities of digital transformation, with a strong emphasis on ease of use, data security, and the evolving role of AI in the workplace. Jan… Source link

PETALING JAYA: Bank Islam Malaysia Bhd (BIMB) is in a good position to attract stronger earnings in the second half of the year, underpinned by several factors. Analysts are generally bullish on the lender to rake in commendable earnings due to its ability to grow its small and medium enterprise (SME) loan book… Source link

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. IHH Healthcare Bhd said it is acquiring the 600-bed Island Hospital in Penang for RM3.9bn in cash from Comprehensive Care Sdn Bhd. YTL Power International Bhd has confirmed that its subsidiary YTL Communications Sdn… Source link

The Malaysia Stock Exchange is exploring measures to reduce the dominance of institutional investors in the local stock market. This initiative aims to diversify share ownership and increase market participation from retail investors, a move that could bring more balance and stability to the financial landscape. Currently, institutional investors—such as pension funds, asset management… Source link