Day: July 30, 2024

SUBANG, Six airlines will resume narrow-body aircraft operations on Aug 1, 2024, at the Sultan Abdul Aziz Shah Airport (LTSAAS) in Subang, Selangor. Transport Minister Anthony Loke said the six airlines are FireFly, AirAsia Malaysia, Batik Air Malaysia, SKS Airways, Transnusa, and Scoot Pte Ltd. ‘The first jet operation, by Batik Air Malaysia, is scheduled for take-off on Aug 1 to Penang at noon and the arrival of Transnusa’s flight from Jakarta is scheduled at 2 pm on the same day,’ he told a press conference after a walkabout at LTSAAS, also known as Subang Airport, today. He said flight

KUALA LUMPUR, Rectitude Holdings Ltd (Rectitude), a Singapore-based provider of safety equipment and related industrial-grade hardware products, posted a net income of SG$3.36 million for the fiscal year ended March 31, 2024 (FY2024) compared to SG$3.93 million in the same period last year. (SG$1=RM3.44) Revenue for the same period rose by 9.86 per cent to SG$41.35 million from SG$37.64 million posted a year ago, which was primarily driven by stronger customer demand for safety equipment given the increased construction activity within the company’s markets. Basic and diluted earnings per share for the same fiscal year was SG$0.27 compared to SG$0.31

KUALA LUMPUR, Khazanah Nasional Bhd has completed the acquisition of Malaysia Venture Capital Management (MAVCAP) and Penjana Kapital in an effort to strengthen Malaysia’s venture capital (VC) ecosystem and improve public institutions. The acquisitions are expected to enhance the coordination and centralisation of government resources, facilitate efforts to advance Malaysia’s startup ecosystem and bolster its regional competitiveness, the sovereign wealth fund said in a statement today. Khazanah said MAVCAP and Penjana Kapital are now its wholly owned subsidiaries. According to Khazanah, it will begin establishing a national fund-of-funds (NFOF) with an initial allocation of RM1 billion to invest in innovative

KUALA LUMPUR, The rapid construction initiative launched by the Malaysian Productivity Corporation (MPC) with the Kuantan City Council (MBK) is expected to have a major impact on the Pahang economy. Pahang MPC director Noor Aishah Hassan said a hands-on workshop involving 36 participants from technical agencies, developers, and project negotiators was organised to discuss the initiative to be implemented in the pioneer project to build a tyre plant worth RM1.33 billion in Kuantan, Pahang. In a statement today, she said the strategic collaboration between MBK, technical agencies, developers, and project consultants will be the key to the project’s success. ‘This

KUALA LUMPUR, The government will continue to strengthen the MADANI Economy by taking into account the views and suggestions from all parties, especially to ‘raise the ceiling’ by driving economic growth and ‘raise the floor’ by improving the people’s quality of life. Finance Minister II Datuk Seri Amir Hamzah Azizan said input from civil servants is vital given their role in facilitating the process of investors coming into the country. ‘We want to raise the ceiling, to draw in investors. There are many expectations regarding governance, with the civil service being central to implementing government regulations and policies. ‘We want