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Economy

TRC Synergy-CCCC-UFUK Semarak JV Lands RM2.69 Bln Penang LRT Works Contract

KUALA LUMPUR, Nov 6 (Bernama) -- TRC Synergy Bhd’s wholly owned subsidiary TRC Construction Sdn Bhd (TRC) and its joint venture (JV) comprising China Communications Construction Company Ltd (CCCC) and Ufuk Semarak Sdn Bhd (UFUK) (CCCC-TRC-UFUK JV) secures RM2.69 billion Penang Light Rail Transit (LRT) project works contract worth RM2.69 billion.

Only 13 Pct Of ICE Vehicles Have Flood Coverage Versus 50 Pct Of EVs

KUALA LUMPUR, Nov 6 (Bernama) -- Only 13 per cent of internal combustion engine (ICE) vehicles have flood insurance coverage compared with 50 per cent of electric vehicles (EVs), according to Insurance Services Malaysia (ISM) data from 2022 to the second quarter of 2026.

Seremban Engineering Bags RMB30 Mln Cross-border Supply Chain Contract

KUALA LUMPUR, Nov 6 (Bernama) -- Seremban Engineering Bhd’s wholly owned subsidiary, MIE Material Resources Sdn Bhd (MMR), has secured a cross-border supply chain services contract worth RM18.21 million from EPG Engineering System Sdn Bhd (EPGES).

Qianhai Taps APEC Summit To Deepen Shenzhen-Hong Kong Ties

KUALA LUMPUR, Nov 6 (Bernama) -- Qianhai, a Shenzhen-Hong Kong cooperation zone in southern China, is using the 33rd APEC Economic Leaders’ Meeting in Shenzhen this month to deepen trade links and regulatory cooperation with Hong Kong and Asia-Pacific economies.

Abu Dhabi’s TII, Naval Group Partner On Underwater Drones

KUALA LUMPUR, Nov 6 (Bernama) -- Abu Dhabi’s Technology Innovation Institute (TII) has signed an agreement with French naval defence company, Naval Group to explore jointly developing and commercialising uncrewed underwater vehicles (UUVs).

BNM Has Regulatory Safeguards In Place To Ensure Cyber Resilience of Financial Institutions

By M. Saraswathi and Karina Imran

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia (BNM) has put in place regulatory requirements for financial institutions to maintain adequate cybersecurity safeguards, continuously strengthening their defences, said Governor Datuk Seri Abdul Rasheed Ghaffour.

OPR Status Quo Consistent with Growth And Inflation Outlook -- BNM Governor

By M. Saraswathi and Karina Imran

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia's (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent reflects its assessment that the rate remains consistent with price stability outlook and sustainable economic growth, said Governor Datuk Seri Abdul Rasheed Ghaffour.

Marco Gadola Joins Angelalign As Senior Advisor

KUALA LUMPUR, Nov 6 (Bernama) -- Hong Kong-listed clear aligner maker, Angelalign Technology Inc (Angel) has appointed former Chief Executive Officer (CEO) of dental medical device company, Straumann Group, Marco Gadola as Senior Advisor.

BNM’s International Reserves Increase To US$132.6 Bln As At Oct 30

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia’s (BNM) international reserves rose to US$132.6 billion as at Oct 30, 2026, from US$132.1 billion as at Oct 15, 2026.

Malaysia's Services Producer Price Index Up 3.6 Pct In 3Q 2026

KUALA LUMPUR, Nov 6 (Bernama) -- Malaysia’s services producer price index (SPPI) increased by 3.6 per cent in the third quarter of 2026 (3Q 2026), up from 2.9 per cent in the previous quarter, according to the Department of Statistics Malaysia (DOSM).

Saudi Fund For Development Inks Over US$403 Mln Loans To Rebuild Syria

KUALA LUMPUR, Nov 6 (Bernama) -- The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth over US$403 million with Syria, to rebuild infrastructure and restore public services damaged by years of conflict. (US$1 = RM4.04)

ArrayPatch Raises 3.2 Mln Euros For Diabetes, Obesity Microneedle Patch

KUALA LUMPUR, Nov 6 (Bernama) -- Biotech company, ArrayPatch Ltd (ArrayPatch) has completed the second close of its seed financing round, securing an additional 1.6 million euros, bringing the total raised to 3.2 million euros, as it develops skin patches that deliver medicine through tiny dissolving needles. (1 Euro = RM4.54)