Shape Memory Medical Closes US$10 Mln Financing For Clinical Trials

KUALA LUMPUR, Aug 24 (Bernama) -- Shape Memory Medical Inc, a California-based global medical device company, has closed a US$10 million convertible note financing led by new investor August Global Partners (AGP), joined by fellow new investor Taiwania Capital. (US$1=RM4.03)

Bursa Malaysia Stays Flat At Midday As Investors Assess Earnings And Corporate Outlook

KUALA LUMPUR, Aug 24 (Bernama) -- Bursa Malaysia remained flat at midday as investors stayed cautious amid the ongoing earnings season, closely monitoring earnings delivery, asset quality trends and the corporate outlook.

Bursa Malaysia Opens Higher On Resilient Domestic Demand

KUALA LUMPUR, Aug 24 (Bernama) -- Bursa Malaysia opened higher on Monday, supported by resilient domestic demand, although trading is expected to remain cautious as the ongoing earnings season keeps investors selective, an analyst said.

Ringgit Opens Higher Against US Dollar, Other Major Currencies

KUALA LUMPUR, Aug 24 (Bernama) -- The ringgit opened higher against the US dollar and a basket of major currencies on Monday, supported by Malaysia’s strong economic data, an analyst said.

ESG Reporting Opens New Opportunities For Malaysia’s IPO Market

By Siti Noor Afera Abu

KUALA LUMPUR, Aug 23 (Bernama) -- Malaysia’s initial public offering (IPO) market is entering a new phase to strengthen environmental, social and governance (ESG) disclosures as companies are required to provide more detailed information on their sustainability performance.

Bursa Malaysia Likely To Trade With An Upside Bias Next Week

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Aug 22 (Bernama) -- Bursa Malaysia is expected to trade with an upside bias next week, with the benchmark index seen within the 1,725-1,750 range next week, an analyst said.

Gold Futures Expected To Top US$4,600 Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 22 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to breach US$4,600 per troy ounce next week.

KLCI Futures Seen Trading With Upward Bias Next Week

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Aug 22 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to trade with an upward bias next week in line with the cash market, an analyst said.

Maybank, SMF Partner To Accelerate Manufacturers' Growth Through JS-SEZ, ASEAN

JOHOR BAHRU, Aug 21 (Bernama) -- Maybank and the Singapore Manufacturing Federation (SMF) signed a memorandum of understanding (MoU) to expand access to the Johor-Singapore Special Economic Zone (JS-SEZ) and support its development as a mutually beneficial proposition for both countries and the broader ASEAN region.

EV Localisation Policy Should Strengthen Industry, Not Restrict Competition -- Penang CM

BATU KAWAN, Aug 21 (Bernama) – Malaysia’s electric vehicle (EV) localisation policy should strengthen the domestic industry without restricting competition, consumer choice or investor confidence.

Bursa Malaysia Ends Flat On Renewed Global Bond Yields, Geopolitical Concerns

KUALA LUMPUR, Aug 21 (Bernama) -- Bursa Malaysia ended little changed on Friday, as investors remained cautious amid renewed pressure on global bond yields and geopolitical tensions, an analyst said.

Research Houses Positive On FBM KLCI Expansion To 50 Constituents

KUALA LUMPUR, Aug 21 (Bernama) -- Research houses are positive on the expansion of the FTSE Bursa Malaysia KLCI (FBM KLCI) from 30 to 50 constituents, believing that the move would provide broader market representation and greater sector diversification.