22d ago
SEREMBAN, July 28 (Bernama) -- The minimum price of rubber is targeted to hit RM5 per kilogramme by the end of 2027 as part of efforts to improve the income and standard of living of more than 500,000 rubber smallholders nationwide, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
22d ago
KUALA LUMPUR, July 28 (Bernama) -- InterSystems, a creative data technology provider, has announced the general availability of InterSystems Data Studio AI Assistant, a new generative artificial intelligence (AI)-powered extension for InterSystems Data Studio.
22d ago
KUALA LUMPUR, July 28 (Bernama) -- Axe Compute Inc, a neocloud artificial intelligence (AI) infrastructure company, has announced a new five-year customer agreement with a total committed contract value of over US$1.5 billion to deploy a dedicated AI infrastructure cluster powered by NVIDIA Blackwell in the United States (US). (US$1=RM4.08)
22d ago
KUALA LUMPUR, July 28 (Bernama) -- Nestlé (Malaysia) Bhd’s net profit for the second quarter of the financial year ending Dec 31, 2026 (2Q 2026) rose to RM155.01 million from RM112.11 million a year earlier, underpinned by broad-based topline growth, effective cost management and improved efficiencies across the value chain.
22d ago
PUTRAJAYA, July 28 (Bernama) -- The Organisation for Economic Co-operation and Development (OECD) has forecast Malaysia’s economy to record solid growth of around five per cent on average this year and in 2027 despite global uncertainties.
22d ago
KUALA LUMPUR, July 28 (Bernama) -- Bursa Malaysia continued its downtrend to close lower at midday, in line with regional sell-off on tech stocks following US chipmaker Nvidia’s talks with OpenAI to help fund a US$250 billion backstop.
22d ago
PUTRAJAYA, July 28 (Bernama) -- Malaysia is now just 7.1 per cent below the World Bank’s high-income threshold, thanks to the 5.8 per cent economic expansion in the second quarter of this year, said Economy Minister Akmal Nasrullah Mohd Nasir.
22d ago
KUALA LUMPUR, July 28 (Bernama) -- Bank Negara Malaysia’s (BNM) supervisory framework should evolve to become more collaborative and consultative with the financial industry, including greater use of regulatory sandboxes, said former BNM deputy governor Datuk Ooi Sang Kuang.
22d ago
KUALA LIMPUR, July 28 (Bernama) -- The government is looking to establish an economic security framework to strengthen the country's resilience against future crises, says the economic advisor to the Prime Minister's Office Nurhisham Hussein.
22d ago
KUALA LUMPUR, July 28 (Bernama) -- Sime Darby Property Bhd's New Economy Venture (NEV) platform, Sime Darby Property NEV (Holdings) Sdn Bhd (SDP NEV), has established a sukuk programme of up to RM2.6 billion to finance the development of build-to-suit-to-lease data centres as well as industrial and logistics assets.
23d ago
KUALA LUMPUR, July 28 (Bernama) -- Despite the energy supply shock, Malaysia’s economy remains well on track to grow by four to five per cent, likely towards the upper end of the range, with manageable inflation in 2026, Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour said.
23d ago
KUALA LUMPUR, July 28 (Bernama) -- Bursa Malaysia pared yesterday's gains to open lower on Tuesday amid dampened regional sentiment, as market players adopt a cautious stance ahead of the US Federal Open Market Committee (FOMC) meeting scheduled for today and tomorrow, as well as US tech companies’ earnings.