MBI Selangor Subsidiaries Form Strategic Alliance To Explore Dark Fibre Network 2.0

KUALA LUMPUR, Oct 16 (Bernama) -- Smartsel Sdn Bhd and Pengurusan Air Selangor Sdn Bhd (Air Selangor), key subsidiaries of Menteri Besar Selangor (Incorporation) (MBI Selangor), will explore the proposed Selangor Dark Fibre Network 2.0, which aims to leverage existing utility corridors to deploy high-capacity fibre networks.

AI, Digital Trade To Help Malaysian SMEs Expand Globally -- Alibaba.com

KUALA LUMPUR, Oct 16 (Bernama) -- Collaboration between Malaysian small and medium enterprises (SMEs) and Alibaba.com is important in helping local businesses expand into global markets, particularly in the halal industry, by leveraging artificial intelligence (AI) and digital trade platforms. 

CapBay Finances Over 2,700 SMEs, Records RM6 Bln In Financing Since 2016

KUALA LUMPUR, Oct 16 (Bernama) -- CapBay Group has recorded cumulative financing exceeding RM6 billion since 2016, issuing 45,000 financing notes to more than 2,700 Malaysian small and medium enterprises (SMEs) across 20 industries.

Petronas, Petrovietnam Sign Strategic Alliance Agreement, Mark 35 Years Of Collaboration

KUALA LUMPUR, Oct 16 (Bernama) -- Petroliam Nasional Bhd (Petronas) and Vietnam National Industry Energy Group (Petrovietnam) have strengthened their partnership with the signing of a strategic alliance agreement (SAA).

Spartan Ives Capital Reaffirms Confidence In EGHI After ACE Market Listing

KUALA LUMPUR, Oct 16 (Bernama) -- Spartan Ives Capital Sdn Bhd (SIC) has reaffirmed its strong confidence in EGH International Bhd (EGHI) following EGHI’s listing on the ACE Market of Bursa Malaysia today. 

Ringgit Strengthens Against US Dollar Following Robust 3Q GDP Estimate

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 16 (Bernama) -- The ringgit closed higher against the US dollar on Friday, supported by Malaysia’s higher-than-expected advance GDP estimate for the third quarter of 2026 (3Q 2026).

Malaysia Banks On Policy Certainty, Economic Resilience To Attract Investment – Amir Hamzah

By Kenny Teng

BANGKOK, Oct 16 (Bernama) -- Malaysia is strengthening its business environment, policy certainty and economic resilience to attract long-term investment, with foreign and domestic direct investments reaching record highs, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

AirBorneo Targets October Launch of Kuching-Jakarta Flights

By Nik Nurfaqih Nik Wil

JAKARTA, Oct 16 (Bernama) -- Sarawak-owned AirBorneo Airways plans to launch direct flights between Kuching and Jakarta this month as its second international route, seeking to tap an existing market of about 100,000 passengers annually with its full-service offering.

Profit-Taking In Index Heavyweights Pulls Bursa Malaysia Lower

By Siti Noor Afera Abu & K. Naveen Prabu

KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia closed lower on Friday as buying interest shifted from index heavyweights to smaller-cap technology and telecommunications stocks as well as real estate investment trusts (REITs). 

AM Best's November Briefing To Feature Singapore, Bermuda Regulators

KUALA LUMPUR, Oct 16 (Bernama) -- Global credit rating agency, AM Best will hold its annual Asia-Pacific (re)insurance market briefing on Nov 3 during the 22nd Singapore International Reinsurance Conference (SIRC).

Mongolian Mining’s Q3 Coking Coal Sales Fall 26 Pct

KUALA LUMPUR, Oct 16 (Bernama) -- Mongolian Mining Corporation’s washed coking coal sales fell 26 per cent quarter-on-quarter to about 1,996.9 kilotonnes (kt) in the third quarter (Q3) ended Sept 30, even as coking coal prices in China rebounded strongly on tighter domestic supply.

CILTM Sabah Hails Logistics Inclusion In Transport Masterplan

By Jailani Hasan

LABUAN, Oct 16 (Bernama) -- The Chartered Institute of Logistics and Transport Malaysia (CILTM) Sabah Section has welcomed Sabah Industrial Development, Entrepreneurship and Transport Ministry’s positive response to its proposal to explicitly include logistics in the planned Sabah Sustainable Transport Masterplan.