Malaysian Business

Malaysian Business

42 Kuala Lumpur (42KL) successfully concluded its Open Day in partnership with U Mobile, Malaysia’s future second 5G network provider. 

Nippon Paint Malaysia Sdn Bhd (“Nippon Paint”), the leading Total Coating & Construction Solutions provider, through its “Akademi Painter” initiative, aims to train over 400 local entrepreneurs and painters to propel the economic growth in the Klang Valley area by elevating industry standards, create job opportunities, and enhance professional skills in the booming home renovation and construction market. 

MKH Oil Palm (East Kalimantan) Berhad (“MKHOP”), an upstream oil palm plantation company based in East Kalimantan, Indonesia, reported a stellar net profit of RM39.94 million on the back of revenue of RM102.65 million for its first quarter ended 31 Dec, 2024. Earnings per share (EPS) stood at 3.14 sen for the quarter.

I-Berhad (4251) reported a 143% jump in profit before tax (PBT) to RM42.8 million for FY2024, driven by a record-breaking performance in its Leisure & Hospitality segment. The results confirm the company’s successful “extracting value from the land” strategy shift that transformed the Group from a traditional property developer to one that integrates asset optimisation to maximise long-term recurring income from its investment properties.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has unveiled its latest AI models, solutions, upgraded infrastructure offerings, and AI empowerment program at its inaugural AI Tech Day in Malaysia today. These advancements aim to empower businesses and developers in Malaysia to build innovative AI applications more cost-effectively and drive a thriving generative AI ecosystem in the region.

ST Telemedia Global Data Centres (STT GDC) has kicked off construction on STT Johor 1, the first facility in its STT Johor data centre campus, marking a major step in strengthening the region’s digital ecosystem.

Award-winning home appliance manufacturer LG Electronics Malaysia (LG) had recently announced the renewal of its brand ambassador partnership with Malaysian badminton icon Lee Zii Jia, reinforcing the company's commitment to excellence and innovation in the region. 

Marrybrown, Malaysia's largest homegrown Halal Quick Service Restaurant (QSR) chain, recently announced plans to open 40 new outlets across Malaysia in 2025, following its Silver award win at the Putra Aria Brand Awards 2024. The expansion will focus on key regions including Klang Valley, Northern Malaysia, East Coast, and East Malaysia.

Midea, a global leader in smart home appliances, today unveiled an exciting preview of its 2025/2026 product line-up at the Genting International Convention Centre. The product preview reinforces the company’s commitment to making smart, energy-efficient, and user-friendly home appliances accessible to all.

Three cross-border teams emerged as winners at the Singapore International Foundation’s (SIF) Climate Hack 2024 Pitch Day on 22 February 2025, marking the finale of the five-month programme which began in September 2024. First launched in 2021, Climate Hack aims to equip individuals in Asia with digital skills to develop and accelerate tech-driven solutions for climate change. 

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