Former MIDA Director-General Sadasivan Dies At 86

KUALA LUMPUR, July 12 (Bernama) -- Former Malaysian Investment Development Authority (MIDA) director-general Datuk N Sadasivan Pillay died this morning after a brief illness. He was 86.

Malaysia-Indonesia Halal Trade Projected To Top US$29 Bln This Year

JAKARTA, July 12 (Bernama) -- Malaysia-Indonesia bilateral trade is projected to grow by 10 per cent this year to US$29.3 billion (US$1=RM4.07), supported by expanding cooperation in the halal sector and stronger market access between the two countries.

Southeast Asia’s Next Growth Cycle To Be Driven By ‘Fabulous Five’ - Economist

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 12 (Bernama) -- Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be shaped by five economies, namely Malaysia, Indonesia, Thailand, the Philippines and Vietnam.

Malaysia Airlines Adds Shanghai Flight Cancellations Due To Typhoon Bavi

KUALA LUMPUR, July 11 (Bernama) -- Malaysia Airlines has announced additional flight cancellations involving the Kuala Lumpur-Shanghai route due to adverse weather conditions associated with Typhoon Bavi, following yesterday’s advisory on cancellations involving the Kuala Lumpur-Taipei route. 

Sarawak To Establish Sibu Economic Zone With RM1.5 Bln Allocation -- Abang Johari

SIBU, July 11 (Bernama) -- Sarawak will establish the Sibu Economic Zone (SEZ) with an allocation of RM1.5 billion to coordinate Sibu’s economic development in a more comprehensive and integrated manner, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

KLCI Futures Likely To Trade Range-Bound Next Week

By Danni Haizal Danial Donald

KUALA LUMPUR, July 11 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to trade within a narrow range next week as investors monitor developments in West Asia and their potential impact on global markets.

Rubber Market Set To Trade With Downside Bias Next Week Amid West Asia Tensions, Weak Demand

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, July 11 (Bernama) -- The Kuala Lumpur rubber market is expected to trade cautiously with a downside bias next week amid escalating geopolitical tensions in West Asia, subdued demand and weather-related supply disruptions.

Bursa Malaysia Likely To Trade Within Narrow Band Next Week Ahead Of Key Economic Data

By Danni Haizal Danial Donald

KUALA LUMPUR, July 11 (Bernama) -- Bursa Malaysia is expected to trade within a narrow band next week as investors navigate a packed calendar ahead of key economic data releases amid persistent geopolitical uncertainty.

Bursa Malaysia Closes Higher On Rebound In Financial Stocks

By Danni Haizal Danial Donald

KUALA LUMPUR, July 10 (Bernama) -- Bursa Malaysia closed higher on Friday, supported by a strong rebound in financial services stocks that lifted the overall market sentiment, in line with gains across regional markets.

Global Sourcing Programme Generates RM325.9 Mln In Export Sales For Local Aerospace Firms - MATRADE

KUALA LUMPUR, July 10 (Bernama) -- The Malaysia External Trade Development Corporation’s (MATRADE) Global Sourcing Programme (GSP) has generated RM325.95 million in export sales for Malaysian aerospace companies. 

AM Best Assigns Excellent Ratings To China Ping An Insurance (Hong Kong)

KUALA LUMPUR, July 10 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to China Ping An Insurance (Hong Kong) Company Limited (CPAHK).

AirAsia, TAT Strengthen Partnership To Boost Thailand Tourism

KUALA LUMPUR, July 10 (Bernama) -- Air Asia Group Bhd and the Tourism Authority of Thailand (TAT) have strengthened their long-standing partnership through the signing of a memorandum of understanding (MoU) to jointly promote Thailand as one of the region’s leading travel destinations.