Economy
IEM Takes Dual Action Approach To Address Global Supply Crisis Impact
KUALA LUMPUR, May 10 (Bernama) -- The Institution of Engineers, Malaysia (IEM) has released its Engineering Impact Survey Report to address the impact of the global supply crisis triggered by recent geopolitical developments in the Middle East.
Market
KLCI Futures To Trade In Cautious Mode Next Week
KUALA LUMPUR, May 9 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade in cautious and range-bound mode as investors adopt a wait-and-see approach amidst the ongoing geopolitical uncertainties.
Rubber Market Expected To Trade In Cautious Mode Next Week
KUALA LUMPUR, May 9 (Bernama) -- The rubber market is expected to trade in cautious mode, driven by tight supply due to the El Niño season and West Asia peace talks.
CPO Futures Likely To Trade Lower Next Week Amid Falling Crude Oil Prices
KUALA LUMPUR, May 9 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade lower next week, following a drop in crude oil prices below US$100 per barrel, a trader said.
Ringgit Likely To Trade Within RM3.90–RM3.95 Level Next Week Ahead Of Trump-Xi Meeting
KUALA LUMPUR, May 9 (Bernama) -- The ringgit is expected to trade between RM3.90 and RM3.95 against the US dollar next week ahead of a key meeting between President Donald Trump and President Xi Jinping.
Corporate
Gold Li IPO Oversubscribed 3.26 Times Ahead Of ACE Market Listing
KUALA LUMPUR, May 8 (Bernama) -- Property developer Gold Li Holdings Bhd’s initial public offering (IPO) has been oversubscribed 3.26 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd.
MISC Names Two New LNG Carriers, Strengthens Partnership With ExxonMobil Unit
KUALA LUMPUR, May 8 (Bernama) -- MISC Bhd announced the naming of two new-generation liquefied natural gas (LNG) carriers, Seri Dian and Seri Dayang, further strengthening its long-standing partnership with Seariver Maritime LLC (SRM), a wholly-owned subsidiary of ExxonMobil.
TNB Unit Raises RM1.05 Bln Via ASEAN Green Sri Sukuk For Kedah Solar Project
KUALA LUMPUR, May 8 (Bernama) -- Tenaga Nasional Bhd’s (TNB) subsidiary TNB Renewables Sdn Bhd, via its unit TNB Kuala Muda Solar Sdn Bhd, has issued a RM1.05 billion sukuk through the ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah to finance a solar photovoltaic (PV) project in Kedah.