MRCB's Indirect Unit To Dispose Of 14.83-hectare Land In Cyberjaya For RM419.05 Mln

KUALA LUMPUR, Aug 7 (Bernama) -- Malaysian Resources Corporation Bhd’s indirect wholly owned subsidiary, Subang Sentral Sdn Bhd, is disposing of 14.83 hectares of land in Cyberjaya, Selangor, to Digital Cosmos (S) Pte Ltd’s wholly owned subsidiary, Digital Cosmos Malaysia Sdn Bhd, for RM419.05 million.

Ringgit Eases Against US Dollar As Investors Await Key Us Data

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Aug 7 (Bernama) -- The ringgit ended the week marginally lower against the US dollar as investors remained cautious ahead of the release of key United States (US) labour market data, while expectations over the US Federal Reserve's (Fed) interest rate path continued to support the greenback, analysts said.

KLCI Futures End Lower

KUALA LUMPUR, Aug 7 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed lower on Friday.

Airbus Says July Orders Increased 2.8 Times To 204 Aircraft

MOSCOW, Aug 7 (Bernama-Sputnik/RIA Novosti) -- European aerospace corporation Airbus received commercial orders for 204 aircraft in July, a 2.8-fold increase from June, the company said on Friday, reported Sputnik/RIA Novosti.

Selangor Targets RM14,500 Median Household Income Under RS-2

SHAH ALAM, Aug 7 (Bernama) -- The Selangor government is targeting to raise the state’s median monthly household income to RM14,500 and reduce the unemployment rate to 2.2 per cent under the Second Selangor Plan (RS-2).

Govt To Continue Efforts To Boost Wealth Of Bumiputera Households Via Various Mechanisms

PUTRAJAYA, Aug 7 (Bernama) -- The government will continue to strengthen the wealth of bumiputera households, particularly among the B40 and M40 income groups, through efforts to increase savings and investment opportunities, as well as skill development to raise incomes.

Malaysia-China Currency Swap Arrangement Renewed For Five Years

KUALA LUMPUR, Aug 7 (Bernama) -- Bank Negara Malaysia (BNM) and the People’s Bank of China have renewed their bilateral currency swap arrangement for a five-year term, effective from 2026 to 2031.

Selangor Unveils RS-2, Targets RM600 Bln In Economic Value By 2030

SHAH ALAM, Aug 7 (Bernama) -- The Selangor government today unveiled the Second Selangor Plan (RS-2), a five-year economic blueprint outlining six strategic missions across 25 focus areas, with a target of generating RM600 billion in economic value over the plan period. 

Bursa Malaysia Ends Week On Softer Note

By Karina Imran

KUALA LUMPUR, Aug 7 (Bernama) -- Bursa Malaysia finished the week on a softer note, weighed down by profit-taking after the recent rally, in line with cautious sentiment across regional markets, said an analyst. 

Malaysia Needs To Focus On Boosting Financial Ecosystems To Help Local Firms Grow -- Amir Hamzah

PUTRAJAYA, Aug 7 (Bernama) -- Malaysia does not need to create new investment funds but rather focus on strengthening ties between existing financing ecosystems to help local companies grow, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Fortude's AI-Driven Delivery Model Shortens ERP Implementation Timelines

KUALA LUMPUR, Aug 7 (Bernama) -- Fortude, a global digital solutions company, has introduced its artificial intelligence (AI)-driven delivery model for Infor CloudSuite implementations.

Malaysia Well Positioned To Benefit From Global AI-Driven Structural Shift

KUALA LUMPUR, AUG 7 (Bernama) -- Malaysia is well placed to benefit from the global artificial intelligence (AI)-driven structural shift, underpinned by its position as the world’s sixth-largest semiconductor exporter, growing specialisation in higher-value semiconductor manufacturing and growing appeal as a destination for digital infrastructure.