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Ringgit Closes Lower Ahead of Key US Economic Data

By Abdul Hamid A Rahman

KUALA LUMPUR, June 30 (Bernama) -- The ringgit closed lower against the US dollar today as market participants stayed cautious ahead of key United States economic data due later tonight.

Maybank Raises Sustainable Finance Target Across ASEAN To US$73 Bln By 2030

JAKARTA, June 30 (Bernama) -- Maybank Group has committed to mobilise US$73 billion (US$1 = RM 4.06) in sustainable finance across ASEAN by 2030, raising its ambition as it continues to support what it describes as a responsible and orderly transition that drives long-term growth and resilience.

MPOB Expects CPO Prices To Remain Strong At RM4,000-RM4,300 A Tonne This Year

BANGI, June 30 (Bernama) -- The Malaysian Palm Oil Board (MPOB) expects the average price of crude palm oil (CPO) to remain strong at between RM4,000 and RM4,300 per tonne this year, supported by current global petroleum prices.

MPOB Commercialisation Of Over 240 Technologies Shows Palm Oil Research Remains Relevant - Noraini

BANGI, June 30 (Bernama) -- The Malaysian Palm Oil Board's (MPOB) commercialisation of more than 240 technologies with a combined potential market value exceeding RM6 billion demonstrates that Malaysia’s palm oil research remains aligned with industry needs, Plantation and Commodities Minister Datuk Seri Dr Noraini Ahmad said.

Ringgit Higher Against Greenback In Early Trade, Tracks Weaker US Dollar Index

KUALA LUMPUR, June 30 (Bernama) -- The ringgit was higher against the US dollar in the early session today, tracking a weaker US dollar index (DXY) as traders positioned ahead of key US labour market and consumer confidence data.

CPO Futures Close Higher On Stronger Soybean Oil Prices

KUALA LUMPUR, June 29 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Monday, tracking the rally in soybean oil futures on the Chicago Board of Trade (CBOT).

Ringgit Strengthens Against Major, Regional Currencies At The Close

By Abdul Hamid A Rahman

KUALA LUMPUR, June 29 (Bernama) -- The ringgit strengthened against major and regional currencies, supported by lower crude oil prices, which helped improve risk sentiment amid ongoing United States-Iran peace negotiations.

EPIC Targets RM700 Mln Revenue, RM1 Bln NAV By 2030

By Siti Radziah Hamzah

KUALA LUMPUR, June 29 (Bernama) -- Eastern Pacific Industrial Corp Bhd (EPIC) is targeting annual revenue of RM700 million and net asset value (NAV) of RM1 billion by 2030 under its EPIC Strategic Business Plan 2025-2030 (EPIC BEST 2530), supported by expansion in its oil and gas (O&G), port management and renewable energy businesses.

Silver Ridge Says No Undisclosed Developments Behind Share Price Drop

KUALA LUMPUR, June 29 (Bernama) -- Silver Ridge Holdings Bhd (SRHB) said it is not aware of any undisclosed corporate developments, rumours or other factors that could explain the sharp decline in its share price, following an unusual market activity (UMA) query from Bursa Malaysia.

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, June 29 (Bernama) -- Bursa Malaysia ended the morning session lower as persistent profit-taking in selected heavyweight stocks, particularly the healthcare, financial and plantation counters, weighed on market sentiment.

Abaxx Exchange Trading Volume Jumps 582 Pct In Second Year

KUALA LUMPUR, June 29 (Bernama) -- Abaxx Technologies Inc (Abaxx) announced that Abaxx Exchange has surpassed one million futures contracts traded year-to-date as it marked the second anniversary of the Singapore-based commodity exchange.

Uptrend Seen On Bursa Malaysia Next Week On Stock Rotation Factor

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, June 27 (Bernama) -- Bursa Malaysia is expected to trade higher next week as investors continue rotating from high-growth technology stocks into blue-chip and defensive sectors amid a more cautious global market environment.