BusinessToday Malaysia

19/12/2025

Solarvest Holdings Berhad has announced that its consortium with Malakoff Corporation
Berhad , Malakoff Silver Solar Sdn. Bhd. has entered into a 21-year Power Purchase Agreement

Solarvest Holdings Berhad has announced that its consortium with Malakoff Corporation Berhad , Malakoff Silver Solar Sdn. Bhd. has entered into a 21-year Power Purchase Agreement

19/12/2025

Pasukhas Group Rebrands As Midtown Group

Pasukhas Group Bhd has changed its name to Midtown Group Bhd, Bursa Malaysia announced on Dec 19. As such, the local bourse said effective 9am on Dec 23, 2025, the company’s shares will be traded and quoted under the new stock short name of “MIDTOWN”. However, the stock code for the company remains unchanged.

The local bourse said effective 9am on Dec 23, 2025, the company’s shares will be traded and quoted under the new stock short name of “MIDTOWN”.

19/12/2025

SumiSaujana Explores Green Refinery Initiative With Regional Partners

SumiSaujana Group Bhd is stepping up its sustainability ambitions, with its subsidiary SumiSaujana TCM Chemicals Sdn Bhd (SSTCM) signing a series of memoranda of understandings (MOUs) with PT Kilang Pertamina Internasional (KPI), SPCI HELM Malaysia and Denmark’s TOPSOE A/S to explore a Wet Gas Sulphuric Acid facility at a KPI refinery in Indonesia. The collaboration will assess the technical, commercial and financial feasibility of a Build-Own-Operate-Transfer project aimed at converting acid gas from refinery operations into commercial-grade sulphuric acid....

The facility would also recover heat for reuse, helping reduce sulphur emissions, lower greenhouse gases and comply with environmental regulations, turning industrial waste into energy and value-added products.

19/12/2025

IMF Projects Malaysia Growth To Ease Slightly In 2026 Amid Global Uncertainty

Malaysia’s economy has demonstrated notable resilience in 2025, underpinned by strong domestic consumption, robust investment, solid employment growth and a tech-sector upcycle, the International Monetary Fund (IMF) said following consultations with local authorities. IMF Mission Chief for Malaysia Masahiro Nozaki noted that prudent macroeconomic and financial policies, along with the October 2025 Malaysia-US trade deal, have helped businesses and consumers navigate global uncertainty....

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19/12/2025

AGC: All 1MDB Trial Issues Already Heard

The Attorney General’s Chambers (AGC) affirmed that all concerns raised by Datuk Seri Mohd Najib Razak’s defence team regarding the 1Malaysia Development Bhd (1MDB) case were fully addressed during the trial, which ran from August 28, 2019, to Nov 4, 2025. The statement comes in response to a press conference held on Dec 19 by Najib’s lead counsel, Tan Sri Muhammad Shafee Abdullah, where several points related to the case were highlighted....

The verdict in the 1MDB case is scheduled to be delivered by Judge Datuk Collin Lawrence Sequerah on Dec 26, 2025, closing a trial spanning over six years.

19/12/2025

MOTAC Revokes Tour Operator’s Licence Over Regulatory Breach

The Tourism, Arts and Culture Ministry (MOTAC) has revoked the operating licence of Winborneo Leisure Tour Sdn Bhd, effective Dec 19. In a statement, MOTAC said the revocation was carried out by the Tourism Commissioner under Section 8 of the Tourism Industry Act 1992 (Act 482), following violations of legal provisions governing licensed tourism operators. The ministry stressed that it takes breaches of the law seriously, reiterating its commitment to protecting public welfare and safeguarding consumer interests, while ensuring industry players adhere to established standards.

The revocation was carried out by the Tourism Commissioner under Section 8 of the Tourism Industry Act 1992 (Act 482), following violations of legal provisions governing licensed tourism operators.

19/12/2025

Gold Malaysia Prices Track Global Gains Amid Bullish Momentum

Gold prices in Malaysia eased slightly, with the price per kilogram at RM566,741.92, down RM2,363 or 0.42%, while one gram was valued at RM566.74. In US dollar terms, gold for an ounce closed at US$4,323.30, down US$8.85, reflecting global market movements. The dip follows a day of volatility on COMEX, where gold began trading at US$4,371.50 before whipsawing between US$4,338 and US$4,409.50, ultimately closing at US$4,364.50....

Gold prices in Malaysia eased slightly, with the price per kilogram at RM566,741.92, down RM2,363 or 0.42%, while one gram was valued at RM566.74. In US dollar terms, gold for an ounce closed at US$4,323.30, down US$8.85, reflecting global market movements. The dip follows a day of volatility on COM...

19/12/2025

Bank Negara Malaysia (BNM) has released a discussion paper outlining its emerging regulatory direction and key considerations aimed at strengthening the operational resilience of financial institutions

Bank Negara Malaysia (BNM) has released a discussion paper outlining its emerging regulatory direction and key considerations aimed at strengthening the operational resilience of financial institutions

19/12/2025

Parliament Greenlights Changes To Modernise Film Sector

The Dewan Negara has approved the 2025 amendments to the National Film Development Corporation Malaysia (FINAS) Act. It is aimed at keeping the country’s film and creative content industry aligned with current technology and digital trends. The amendments focus on industry development, governance improvements and stronger enforcement, while reinforcing FINAS’ role as regulator and facilitator. According to a press release by FINAS, the organisation clarified that social media content is not regulated and OTT or video-on-demand platforms remain exempt from licensing. The changes aim to protect creative workers and ensure compliance in commercial filmmaking. The Bill was presented by Communications Minister Datuk Fahmi Fadzil yesterday.

The Dewan Negara has approved the 2025 amendments to the National Film Development Corporation Malaysia (FINAS) Act. It is aimed at keeping the country’s film and creative content industry aligned with current technology and digital trends. The amendments focus on industry development, governance ...

19/12/2025

Wawasan Dengkil Charts RE Pivot With RM187 Million Solar Project

Earthworks and civil engineering specialist Wawasan Dengkil Holdings Bhd is accelerating its diversification into renewable energy (RE), after shareholders approved a strategic joint venture (JV) to develop a 70-megawatt (MW) large-scale solar project in Kedah, marking a decisive shift beyond its core construction business. Shareholders gave the green light for Wawasan Dengkil’s wholly owned unit during an EGM on Dec 19 to form a JV with Nestcon Infra Sdn Bhd, securing a 70% equity stake in WD Solar Kedah Sdn Bhd, which will undertake the LSS Petra 5+ solar photovoltaic project....

Concurrently, shareholders also approved the group’s formal diversification into RE investments, positioning Wawasan Dengkil to own and operate clean energy assets. Anchored by the 70MW solar plant, the move is expected to broaden the group’s earnings base through long-term, recurring income und...

19/12/2025

Former Malaysian prime minister Najib Razak is bracing for a critical week as two major court developments in the 1MDB corruption saga unfold.

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19/12/2025

Keyfield International Berhad has expanded its footprint in the Middle East following an investment in a newly established subsidiary in the United Arab Emirates

Keyfield International Berhad has expanded its footprint in the Middle East following an investment in a newly established subsidiary in the United Arab Emirates