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Ge-Shen Unit Disposes Of Land In Johor For RM35.50 Mln

KUALA LUMPUR, July 7 (Bernama) -- Ge-Shen Corp Bhd’s wholly owned subsidiary, Ge-Shen Plastic (M) Sdn Bhd, has entered into a sale and purchase agreement with Plastico Sdn Bhd to dispose of five parcels of freehold land located in Tebrau, Johor, for RM35.50 million.

Ringgit Ends Higher On Weaker Greenback, Firmer Oil

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, July 7 (Bernama) -- The ringgit closed higher against the US dollar today, tracking gains in regional currencies as a weaker greenback and firmer crude oil prices lifted sentiment, an analyst said.

Rubber Market Closes Lower On Softer China Demand, Weaker US Economic Data

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, July 7 (Bernama) -- The Kuala Lumpur rubber market closed lower on Tuesday, weighed down by softer near-term demand from China and weaker economic data from the United States.

BNM To Keep OPR Unchanged At 2.75 Pct -- Economists

By Karina Imran

KUALA LUMPUR, July 7 (Bernama) -- Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 2.75 per cent at its Monetary Policy Committee (MPC) meeting, supported by resilient external sector performance, moderate domestic demand and manageable inflationary risks, said economists.

Momentum Technologies Unveils LIFEPODS Survival Capsules

KUALA LUMPUR, July 7 (Bernama) -- Momentum Technologies, a French deeptech company, has presented its LIFEPODS capsules at the 2026 editions of VivaTech and Eurosatory to address emerging security, climate and industrial challenges.

APAC Offshore Spending Remains Stable Post-West Asia Conflict

By Siti Radziah Hamzah

KUALA LUMPUR, July 7 (Bernama) -- Asia Pacific (APAC) offshore spending remains broadly stable post-West Asia conflict, with Southeast Asia (SEA) estimated to see a 12 per cent increase in greenfield capital expenditure (capex) to more than US$100 billion (US$1 = RM4.08), reflecting stronger prioritisation of new offshore developments, said Hong Leong Investment Bank Bhd (HLIB) today.

Proxima Fusion Secures 411 Mln Euros To Advance Fusion Power

KUALA LUMPUR, July 7 (Bernama) -- Proxima Fusion has raised 411 million euros (US$468 million) in a financing round, valuing the company at 2.4 billion euros (US$2.7 billion) and making it Europe's best-funded fusion energy company. (US$1=RM4.08)

BNM's International Reserves Up To US$132.6 Bln At End-June

KUALA LUMPUR, July 7 (Bernama) -- Bank Negara Malaysia's (BNM) international reserves stood at US$132.6 billion as at June 30, 2026, more than the US$130.5 billion recorded as at June 15, 2026.

Bursa Malaysia Ends Morning Session Lower Amid Heavyweight Sell-off

KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia ended the morning session lower today, as continued selling activities in heavyweight stocks, particularly financial counters, weighed on market sentiment.

TNB Supplies Power To 36 Data Centres Through 1Q 2026 - PETRA

KUALA LUMPUR, July 7 (Bernama) -- Tenaga Nasional Bhd (TNB) has supplied electricity to 36 operating data centres with a planned supply capacity of around 4.5 gigawatts (GW) through the first quarter (1Q) of 2026, according to the Ministry of Energy Transition and Water Transformation (PETRA).

AIA Infinite Meets Growing High-Net-Worth Demand For Integrated Wealth Solutions

By K. Naveen Prabu

KUALA LUMPUR, July 7 (Bernama) -- AIA Malaysia is strengthening its presence in the high-net-worth (HNW) segment through AIA Infinite, which supports wealth preservation, legacy planning and multi-generational financial continuity as clients navigate an increasingly complex and globalised financial environment.

Ringgit Opens Slightly Higher Against Greenback Amid Focus On Fed Outlook

KUALA LUMPUR, July 7 (Bernama) -- The ringgit opened slightly higher against the US dollar on Tuesday amid continued focus on the United States (US) Federal Reserve's (Fed) interest rate outlook.