CPO Futures Extend Losses On Rising Output, Stocks Concerns

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 3 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its losses to close lower on Friday, weighed by concerns over rising production and expectations of higher stock levels.

MACC Concludes Investigation Into Rohas Unit, No Further Action To Be Taken

KUALA LUMPUR, July 3 (Bernama) -- Rohas Tecnic Bhd’s 86.8 per cent-owned unit, HG Power Transmission Sdn Bhd (HPGT), has received confirmation from the Malaysian Anti-Corruption Commission (MACC) that its investigation involving the company has been concluded, with no further action to be taken against the company or its officers.

KLCI Futures Close Higher

KUALA LUMPUR, July 3 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended higher in line with the positive performance of the cash market. 

Hextar Industries' Unit Secures RM138.4 Mln EPC Contract In Pulau Indah

KUALA LUMPUR, July 3 (Bernama) -- Hextar Industries Bhd's (HIB) 70 per cent-owned subsidiary, Hextar Mitai Sdn Bhd (HMSB), has secured a RM138.42 million engineering, procurement and construction (EPC) contract for a large-scale industrial development in Pulau Indah, Selangor.

Gold Futures Rise On Continued Safe-haven Demand

KUALA LUMPUR, July 3 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today, supported by continued investor demand for safe-haven assets and in line with the performance of the US COMEX gold market.

SC Seeks Public Input On Proposals To Strengthen Corporate Governance Ecosystem

KUALA LUMPUR, July 3 (Bernama) -- The Securities Commission Malaysia (SC) has published a consultation paper seeking public feedback on proposals to further strengthen Malaysia’s corporate governance ecosystem.

Ringgit Ends Higher Against US Dollar On Favourable Asian Currency Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, July 3 (Bernama) -- The ringgit ended higher against the US dollar at the close of the trading week, supported by favourable Asian currency sentiment following the latest United States Nonfarm Payrolls (NFP) data.

Rebound In Banking Stocks Lifts Bursa Malaysia At Close

KUALA LUMPUR, July 3 (Bernama) -- Bursa Malaysia ended Friday’s trade with a bounce on the back of a rally in banking stocks as investor sentiment improved following softer-than-expected US labour market data.

Rubber Market Rebounds On Regional Futures Gains

KUALA LUMPUR, July 3 (Bernama) -- The Kuala Lumpur rubber market rebounded from yesterday’s losses to close higher on Friday, supported by gains across regional rubber futures markets amid concerns over potential supply disruptions following heavy rain in Thailand and tropical storm warnings, a dealer said.

ROYC To Establish Luxembourg Feeder Fund For Slättö

KUALA LUMPUR, July 3 (Bernama) -- ROYC, a global structuring and platform provider, has been selected by Slättö, a Nordic private markets real estate firm, to establish and manage a Luxembourg-domiciled feeder fund to efficiently aggregate individual subscriptions from professional investors.

Guest Supply, HAAN Sign Licensing Deal For APAC Hotels

KUALA LUMPUR, July 3 (Bernama) -- Guest Supply Asia, part of Sysco Corporation, has announced a licensing agreement with HAAN, a personal care brand, to manufacture and distribute HAAN-branded personal care products for hotels across Asia Pacific (APAC).

Mesiniaga Wins RM39.99 Mln Contract To Build Phis 3.0 Server Infrastructure

KUALA LUMPUR, July 3 (Bernama) -- Mesiniaga Bhd has been awarded a contract worth RM39.99 million to set up a new centralised server infrastructure for the pharmacy information system (PhIS) version 3.0 from Pharmaniaga Logistics Sdn Bhd.