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Gradiant Scales US Operations With New Leadership, Offices And Contracts

KUALA LUMPUR, Aug 20 (Bernama) -- Gradiant, the water layer of the artificial intelligence (AI) economy, has expanded its United States (US) operations with the appointment of a new regional leader, three new offices, a new innovation centre and long-term services contracts.

Ringgit Gains As US Debt Weighs On Greenback, Easing Rate Hike Expectations

KUALA LUMPUR, Aug 20 (Bernama) -- The ringgit opened higher against the US dollar on Thursday as concerns over the rising US government debt weighed on the greenback, dimming expectations of a US interest rate hike, an economist said.

Ringgit Firms Against Greenback At Close On Late Buying Ahead of FOMC Minutes

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 19 (Bernama) -- The ringgit extended its gains to close higher against the US dollar on Wednesday, supported by last-minute buying ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes later tonight.

Penang Hopes To Get Federal Govt Approval For PIFC Proposal, Says Chow

GEORGE TOWN, Aug 19 (Bernama) -- Penang hopes that its proposal to establish the Penang International Financial Centre (PIFC) will receive the Federal Government’s approval through Budget 2027, said Chief Minister Chow Kon Yeow.

Bursa Malaysia Ends Lower Amid Elevated US Treasury Yields, Tech Weakness

KUALA LUMPUR, Aug 19 (Bernama) -- Bursa Malaysia ended lower on Wednesday, as elevated United States (US) Treasury yields and weakness in technology stocks weighed on investor sentiment, an analyst said.

GTA Holdings Puts West Asia Expansion Plans On Hold, Exploring Other Opportunities

KUALA LUMPUR, Aug 19 (Bernama) -- Aircraft engine maintenance, repair and overhaul (MRO) services provider GTA Holdings Bhd (GTA) has put its expansion plans in West Asia on hold amid ongoing tensions in the region.

HLIB Expects National OEMs To Sustain Sales Momentum In 2H 2026

KUALA LUMPUR, Aug 19 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects national original equipment manufacturers (OEMs) to sustain their sales momentum in the second half of 2026 (2H 2026).

EPMB Unveils RM9.5 Mln Chassis Component Plant In Tanjong Malim

IPOH, Aug 19 (Bernama) -- EP Manufacturing Bhd (EPMB) has unveiled a new chassis component facility in the Automotive High Technology Valley (AHTV) in Tanjong Malim, with an investment of RM9.5 million.

Ringgit Opens Higher Vs US Dollar As Fed Rate Hike Expectations Ease

KUALA LUMPUR, Aug 19 (Bernama) -- The ringgit opened higher against the US dollar, supported by expectations that the possibility of a US Federal Reserve (Fed) interest rate hike at its September meeting has receded, an economist said.

Ringgit Extends Gains To Close Higher Vs Major, Regional Currencies

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 18 (Bernama) -- The ringgit extended its gains to close higher against major and regional currencies on Tuesday, as declining expectations of a US Federal Reserve interest rate hike in September weighed on the greenback.

Tencent Cloud Establishes Its First Malaysian Cloud Region In Johor

KUALA LUMPUR, Aug 18 (Bernama) -- Tencent Cloud has established its first cloud region in Malaysia, comprising up to three availability zones in Johor, as the company strengthens its cloud and artificial intelligence (AI) infrastructure to support enterprises in the country.

Commodity, Plantation Stocks Lift Bursa Malaysia To End Higher

KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said.