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Ringgit Edges Higher Against US Dollar As Investors Await FOMC Outcome

By Abdul Hamid A Rahman

KUALA LUMPUR, July 29 (Bernama) -- The ringgit closed marginally higher against the US dollar on Wednesday as investors remained on the sidelines ahead of the outcome of the United States Federal Open Market Committee’s (FOMC) meeting.

TH Has Implemented 75 Pct Of RCI Recommendations, With Remainder In Progress

KUALA LUMPUR, July 29 (Bernama) -- Lembaga Tabung Haji (TH) has adopted and implemented 75 per cent of the Royal Commission of Inquiry (RCI) recommendations to improve its governance and wellbeing, with the remaining recommendations being “work in progress.”

Rubber Market Ends Lower On Improving Raw Material Supply In Thailand

By K. Naveen Prabu

KUALA LUMPUR, July 29 (Bernama) -- The Kuala Lumpur rubber market ended lower on Wednesday as improving raw material supply in Thailand weighed on market sentiment, a dealer said.

Kioxia Unveils Universal Flash Storage 5.0 For AI Mobile, Edge Devices

KUALA LUMPUR, July 29 (Bernama) -- Kioxia Corporation has unveiled its Universal Flash Storage (UFS) 5.0 embedded flash memory solutions, designed to deliver the performance, efficiency and capacity required for the next generation of artificial intelligence (AI)-enabled mobile and edge devices.

BNM Imposes Administrative Monetary Penalties On Pacific Insurance, Wang S Enterprise

KUALA LUMPUR, July 29 (Bernama) -- Bank Negara Malaysia (BNM) has imposed administrative monetary penalties on The Pacific Insurance Bhd (TPIB) for breaching a requirement under the Financial Services Act 2013 and on Wang S Enterprise Sdn Bhd for non-compliance with the Money Services Business Act 2011.

Gelam Tree And The Malaysian Economy

By M.Saraswathi

KUALA LUMPUR, July 29 (Bernama) -- Bank Negara Malaysia's annual Sasana Symposium took on a refreshingly different tone this year, with Governor Datuk Seri Abdul Rasheed Ghaffour departing from convention in his central bank address.

Chery Auto Expands Global LEPAS NEV Lineup

KUALA LUMPUR, July 29 (Bernama) -- Chery Auto, a global automotive manufacturer, has announced that its mid-to-premium new energy vehicle (NEV) brand, LEPAS, is advancing its global market expansion with a comprehensive NEV lineup comprising the LEPAS L4 EV, LEPAS L6 EV and LEPAS L8 PHEV.

Kioxia Unveils NX1 Data Centre SSDs With Direct Liquid-Cooling Support

KUALA LUMPUR, July 29 (Bernama) -- Kioxia Corporation, a global leader in memory solutions, has announced the KIOXIA NX1 Series of solid-state drives (SSDs), a new generation of E1.S PCIe 5.0 NVMe data centre SSDs and the company’s first SSD with direct liquid-cooling support.

Petronas Unit Signs HoA With Japan's Hokuriku Electric To Renew LNG Supply Deal

KUALA LUMPUR, July 29 (Bernama) -- Petroliam Nasional Bhd's (Petronas) subsidiary, Petronas LNG Ltd (PLL), has signed a heads of agreement (HoA) with Japan's Hokuriku Electric Power Company to negotiate and conclude the renewal of a long-term liquefied natural gas (LNG) supply agreement.

Kenanga IB Maintains 2026 Producer Price Index Forecast At 3.7 Pct

KUALA LUMPUR, July 29 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) has maintained its 2026 Producer Price Index (PPI) forecast at 3.7 per cent (2025: -2.0 per cent) as upstream inflation is expected to moderate gradually.

CSL Delivers First Transhipment Shuttle Vessel For Simandou Project

KUALA LUMPUR, July 29 (Bernama) -- The CSL Group (CSL), a leader in responsible marine transportation services, has announced the delivery of MV Wontanara, the first of five state-of-the-art transhipment shuttle vessels (TSVs) commissioned to support the Simandou iron ore project in Guinea.

China's Midea, 99 Speedmart Collaborate To Expand Home Appliance Network

SHAH ALAM, July 29 (Bernama) -- China’s smart home appliance manufacturer Midea Group (Midea) and 99 Speed Mart Sdn Bhd (99 Speed Mart) today announced a strategic collaboration to expand the availability of quality, energy-efficient home appliances across more than 3,100 branches of the latter’s retail chain nationwide.