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Crude Oil Supplies For Industrial Production Remain Stable

KUALA LUMPUR, July 7 (Bernama) -- Crude oil supplies for industrial production, including resin manufacturing, remain stable, and industries are also adjusting their operations to cope with rising costs, the Ministry of Economy said.

Govt Will Ensure Sufficient Petroleum Levels From July To December 2026

KUALA LUMPUR, July 7 (Bernama) -- The government will continue to ensure there are secure and sufficient levels of petroleum from July 2026 to December 2026, according to the Economy Ministry.

MCE Unveils RM50 Mln Automotive Electronics Manufacturing Hub In Serendah

HULU SELANGOR, July 7 (Bernama) -- MCE Holdings Bhd (MCE) today officially launched the MCE Auto Hub, a RM50 million advanced manufacturing facility in UMW High Value Manufacturing Park, Serendah, that will strengthen the group's design, engineering, manufacturing and research and development capabilities.

CPO Futures Pare Gains, Close Mixed On Cautious Sentiment Ahead Of MPOB Data

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, July 7 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mixed on Tuesday on caution ahead of the release of the Malaysian Palm Oil Board's (MPOB) monthly data at the end of the week.

Gold Futures Track COMEX Losses Ahead Of FOMC Minutes

KUALA LUMPUR, July 7 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower today, mirroring losses in COMEX gold, as investors awaited the release of the Federal Open Market Committee (FOMC) meeting minutes on Wednesday.

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.

KLCI Futures Finish Lower

KUALA LUMPUR, July 7 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended lower today, tracking the softer underlying cash market. 

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.

Govt Revamping NCM Scheme For Automotive Industry, Targets Implementation Next Year

SERENDAH, July 7 (Bernama) --  The government is revamping the New Customised Incentive Mechanism (NCM) for the automotive industry, intending to implement it next year after completing consultations with the relevant ministries, agencies, and industry players.

Tamco-Hoymiles Partnership To Strengthen Malaysia’s Next-Generation Energy Infrastructure

KUALA LUMPUR, July 7 (Bernama) -- Leading power infrastructure solutions provider Tamco and global solar and energy storage innovator Hoymiles formed a strategic partnership today to support the development of Malaysia’s future energy infrastructure, bringing together global energy storage technologies with local industrial expertise.