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Maybank, Ageas Insurance Ink SPA For RM4.83 Bln MAHB Acquisition

KUALA LUMPUR, Sept 8 (Bernama) -- Malayan Banking Bhd (Maybank) has entered into an unconditional share purchase agreement (SPA) with Belgium-based Ageas Insurance International NV to acquire the remaining 30.95 per cent equity interest in Maybank Ageas Holdings Bhd (MAHB) for RM4.83 billion.

East Coast Poised To Become Food Security Hub, Green Economy Leader - MIDA

KUANTAN, Sept 8 (Bernama) -- Malaysia’s East Coast region has strong potential to become a key hub for national food security and a leading centre for the green economy through greater investment in renewable energy. 

Bursa Malaysia Lower At Midday On Profit-taking

KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia ended lower at the midday break amid persistent profit-taking and weaker risk appetite, while the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to face further volatility due to heightened external and domestic headwinds.

Malaysia Expects Nine GW Of Gas-fired Power Capacity By 2032 To Meet Rising Demand

PETALING JAYA, Sept 8 (Bernama) -- Malaysia expects about nine gigawatts (GW) of gas-fired power capacity to be deployed by 2032 as the country manages growing electricity demand while progressively phasing out coal-fired generation.

Govt Boosts Rubber Glove Industry With Improved Regulations, Enhances Traceability

KUALA LUMPUR, Sept 8 (Bernama) -- The government is strengthening regulations governing rubber glove manufacturing and exports to address industry overcapacity while enhancing the traceability of Malaysian-made gloves.

FBM KLCI Futures Open Lower

KUALA LUMPUR, Sept 8 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives opened lower on Tuesday.

Bursa Malaysia Opens Lower With Profit Taking

KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia opened lower on Tuesday as investors took profits in selected heavyweights, given an absence of Wall Street leads following the United States’ Labour Day holiday.

Maxis Deploys Nokia Optical Technology To Boost AI, Enterprise Connectivity

KUALA LUMPUR, Sept 7 (Bernama) -- Maxis Bhd has deployed Nokia’s optical transport technology to enhance its nationwide and cross-border network infrastructure amid surging demand for artificial intelligence (AI) and enterprise connectivity.

Ringgit Opens Almost Flat Vs Greenback Amid Ongoing West Asia Conflict

KUALA LUMPUR, Sept 8 (Bernama) -- The ringgit was almost flat against the US dollar at Tuesday’s open, as investors remained cautious amid the ongoing West Asia conflict, which continued to drive crude oil prices higher and support the greenback.

MNHB Unit In JV With Pembinaan Tajri For RM67.31 Mln TNB 275 kV Cable Installation Contract

KUALA LUMPUR, Sept 7 (Bernama) -- MN Holdings Bhd’s (MNHB) wholly owned unit, MN Utilities Engineering Sdn Bhd (MNUE) and Pembinaan Tajri Sdn Bhd  (PTSB) has bagged a contract for the installation of a new 275 kilovolt (kV) cable from Tenaga Nasional Bhd (TNB).

CPO Futures End Higher On Firmer Crude Oil, DCE Palm Olein Gains

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 7 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Monday, supported by stronger crude oil prices and gains in palm olein futures on China's Dalian Commodity Exchange (DCE).

Gas Malaysia, Petronas Gas To Study Pipeline Link For Yan Regasification Terminal

KUALA LUMPUR, Sept 7 (Bernama) -- Gas Malaysia Bhd has entered into a joint study and collaboration agreement (JSCA) with Petronas Gas Bhd (PGB) to study the development of an onshore lateral pipeline to connect the proposed regasification terminal (RGT) Yan project to the Peninsular Gas Utilisation (PGU) system.