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Economy
Sapangar Port Expansion Expected To Be Completed By October 2027
KOTA KINABALU, July 22 (Bernama) -- The Sapangar Bay Container Port (SBCP) expansion project has reached 62.75 per cent completion as of June and is now expected to be completed by October 2027 following delays caused by difficulty in securing sand supply that meets specifications.
Market
CPO Futures Finish Mostly Higher On Expectation Of Tighter Supply, B50 Biodiesel Mandate
By Nurunnasihah Ahmad Rashid
Gold Futures End Higher Tracking COMEX Gains
KUALA LUMPUR, July 22 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher today, tracking gains in gold prices on the US Commodity Exchange (COMEX).
KLCI Futures Close Lower
KUALA LUMPUR, July 22 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed lower on Wednesday in line with the cash market.
Ringgit Ends Higher Vs US Dollar, Other Currencies Amid Rising Oil Prices
By Durratul Ain Ahmad Fuad
Corporate
CTOS To Sell 10 Pct Stake In Juris Technologies For RM50 Mln
KUALA LUMPUR, July 22 (Bernama) -- Credit scoring firm CTOS Digital Bhd has proposed to dispose of a 10 per cent equity stake in Juris Technologies Sdn Bhd to Natsoft (M) Sdn Bhd for RM50 million cash, reducing its shareholding in the software developer to 39 per cent from 49 per cent.
Orkim To Buy Oil & Chemical Tanker For RM94.88 Mln, Expands Fleet To 20 Vessels
KUALA LUMPUR, July 22 (Bernama) -- Orkim Bhd’s wholly-owned subsidiary, Orkim Ambition Sdn Bhd, has entered into a Memorandum of Agreement with ALLContinents International Shipping Ltd for the proposed acquisition of an IMO Type II oil/chemical tanker for 157 million renminbi (about RM94.88 million).
GDB Holdings Bags RM439.4 Mln Mont Kiara Development Project
KUALA LUMPUR, July 22 (Bernama) -- GDB Holdings Bhd has secured a RM439.4 million contract to construct the Wolo Hotel & Residences Mont Kiara KL project in Kuala Lumpur from Magma Kiara Sdn Bhd.