Economy
MACC Concludes Investigation Into Rohas Unit, No Further Action To Be Taken
KUALA LUMPUR, July 3 (Bernama) -- Rohas Tecnic Bhd’s 86.8 per cent-owned unit, HG Power Transmission Sdn Bhd (HPGT), has received confirmation from the Malaysian Anti-Corruption Commission (MACC) that its investigation involving the company has been concluded, with no further action to be taken against the company or its officers.
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Market
CPO Futures Extend Losses On Rising Output, Stocks Concerns
By Nur Athirah Mohd Shaharuddin
KLCI Futures Close Higher
KUALA LUMPUR, July 3 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended higher in line with the positive performance of the cash market.
Gold Futures Rise On Continued Safe-haven Demand
KUALA LUMPUR, July 3 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today, supported by continued investor demand for safe-haven assets and in line with the performance of the US COMEX gold market.
Ringgit Ends Higher Against US Dollar On Favourable Asian Currency Sentiment
By Abdul Hamid A Rahman
Corporate
Elsa Unit Secures Autonomous Underwater Vehicle Inspection Contract
KUALA LUMPUR, July 3 (Bernama) -- Elsa Bhd’s wholly-owned subsidiary Elsa Energy Sdn Bhd has accepted letters of award from a major exploration and production company to provide autonomous underwater vehicle (AUV) subsea structure inspection services for Peninsular Malaysia, Sabah and Sarawak.
Eckem Sees Strong Demand For Its Industrial Chemicals Amid Data Centre Boom
KUALA LUMPUR, July 3 (Bernama) -- Eckem Holdings Bhd expects demand for its specialty industrial chemical products to remain resilient, supported by the rapid expansion of artificial intelligence (AI)-driven data centres.
Southern Cable Secures RM403.6 Mln Supplementary Contract From TNB
KUALA LUMPUR, July 2 (Bernama) -- Southern Cable Group Bhd's wholly-owned unit, Southern Cable Sdn Bhd has secured a RM403.6 million supplementary contract from Tenaga Nasional Bhd (TNB).