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Perodua Cuts Axia Prices, Passes Operational Savings To Customers

KUALA LUMPUR, Aug 3 (Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has today reduced the price of its Axia model, Malaysia's most affordable compact car model, by up to RM4,700, effective immediately. 

Maker Recipe To Boost Local Position, Aims To Go Global With RM1.7 Mln Investment

JITRA, Aug 3 (Bernama) -- Local spice producer Maker Recipe Sdn Bhd plans to go global with its traditional spice brand, Cap O, within the next three years with an investment of RM1.7 million.

Bursa Malaysia Eases Further At Mid-morning

KUALA LUMPUR, Aug 3 (Bernama) -- Bursa Malaysia eased further in line with regional markets at mid-morning amid the latest developments in the West Asia conflict.

At 11.01 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.94 point lower to 1,723.96 from last Friday’s close of 1,724.90.

The benchmark index opened 0.36 point higher at 1,725.26.

MBSB Bank-Huawei Technologies In RM400 Mln Financing To Support 5G Infrastructure

KUALA LUMPUR, Aug 3 (Bernama) -- MBSB Bank Bhd has entered into a RM400 million structured receivable purchase facility with Huawei Technologies (Malaysia) Sdn Bhd, supporting the deployment of equipment and services for U Mobile’s 5G Radio Access Network.

AmBank Shares Surge 3.25 Pct On WT29 Strategic Shift

KUALA LUMPUR, Aug 3 (Bernama) -- AMMB Holdings Bhd’s share price surged 3.25 per cent on expectations that its strategic shift towards higher-return segments and disciplined capital allocation would drive sustainable return-on-equity expansion.

MISC Share Up 1.75 Pct After Securing Long-term LNG Carrier Charter Contract

KUALA LUMPUR, Aug 3 (Bernama) -- MISC Bhd’s share price rose 1.75 per cent on Monday after it secured a contract from Malaysia LNG Sdn Bhd (MLNG), the operator of Petronas liquefied natural gas (LNG) Complex in Bintulu, Sarawak.

Foreign Investors Return To Net Buying With RM11.1 Mln Net Inflows

KUALA LUMPUR, Aug 3 (Bernama) -- Foreign investors returned to net-buying after the previous week of net-selling, recording RM11.1 million in net inflows, MBSB Investment Bank Bhd (MBSB IB) said.

KLCI Futures Open Mixed

KUALA LUMPUR, Aug 3 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives were mixed in early trade on Monday.

Bursa Malaysia Opens Slightly Higher But Retreats Thereafter

KUALA LUMPUR, Aug 3 (Bernama) -- Bursa Malaysia opened slightly higher on Monday but retreated thereafter as investors traded cautiously amid intermittent profit-taking.

Ringgit Opens Higher Against US Dollar Ahead Of Key Us Economic Data

KUALA LUMPUR, Aug 3 (Bernama) -- The ringgit opened slightly higher against the US dollar on Monday ahead of the release of key United States (US) economic data today amid easing tensions in West Asia.

Tawau Port Acquires Two New Dock Cranes Worth RM70 Million - Hajiji

TAWAU, Aug 2 (Bernama) -- The acquisition of two new quay cranes worth RM70 million for Tawau Port is expected to boost port efficiency and strengthen its role as a key maritime gateway on Sabah’s east coast.

Malaysia's F1 Return To Boost Retail, F&B SMEs, Says Retailers Association

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Aug 2 (Bernama) -- Consumer spending across the retail and food and beverage (F&B) sectors, particularly among small and medium enterprises (SMEs), is expected to gain momentum from higher visitor arrivals and stronger demand generated by Malaysia's hosting of the Formula 1 Gulf Air Bahrain Grand Prix.