Penang Allocates RM4.5 Mln To Boost AI Adoption, Support Tech Startups

GEORGE TOWN, Nov 7 (Bernama) -- The Penang government has allocated RM4.5 million in its 2027 budget to support technology startups, accelerate digitalisation among small and medium enterprises (SMEs) and expand the use of artificial intelligence (AI) across the state's economy.

Rubber Market Likely To Trend Lower Next Week Amid Oversupply

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 7 (Bernama) -- The Kuala Lumpur rubber market is expected to trade at a slower and weaker pace, with prices likely to trend lower amid oversupply and seasonally favourable weather conditions ahead of the monsoon.

ITOs' Cashless Panel Decisions Subject To Contractual Terms, Procedures – HPPSC

KUALA LUMPUR, Nov 6 (Bernama) -- Insurance and takaful operators (ITOs) may review, withdraw or restrict a healthcare provider’s cashless privileges where it fails to comply with agreed contractual terms, claims procedures or other applicable requirements.

CPO Futures End Lower, Benchmark Contract Breaks Below RM4,300 A Tonne

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 6 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower today, with the benchmark January 2027 contract breaking below RM4,300 per tonne.

Bitdeer To Continue Investing In Malaysia, Confident In Madani Govt's Policies -- PM Anwar

KUALA LUMPUR, Nov 6 (Bernama) -- Singapore-headquartered Bitdeer Technologies Group (Bitdeer) has expressed its intention to continue investing in Malaysia due to its confidence in the MADANI Government’s direction and policies on digital transformation.

MISC-led Consortium Offers RM2.50 Per Share To Take Yinson Private In RM4.03 Bln Deal

KUALA LUMPUR, Nov 6 (Bernama) -- A consortium comprising MISC Bhd and Yinson Holdings Bhd’s (YHB) major shareholders Yinson Legacy Sdn Bhd (YLSB) and the Employees Provident Fund (EPF) have proposed to take YHB private in a deal valued at RM4.03 billion.

APB Resources To Dispose Of Menara APB For RM45 Mln

KUALA LUMPUR, Nov 6 (Bernama) -- APB Resources Bhd has proposed to dispose of Menara APB, a 16-storey office building in Shah Alam, Selangor to Darul Ehsan Investment Group Bhd (DEIGB) for RM45 million cash.

Ringgit Slips Against US Dollar Amid Global Risk-off Sentiment

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 6 (Bernama) -- The ringgit closed lower against the US dollar on Friday, weighed down by a broad risk-off sentiment across global markets amid renewed selling pressure in the semiconductor sector.

BNM Has Regulatory Safeguards In Place To Ensure Cyber Resilience of Financial Institutions

By M. Saraswathi and Karina Imran

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia (BNM) has put in place regulatory requirements for financial institutions to maintain adequate cybersecurity safeguards, continuously strengthening their defences, said Governor Datuk Seri Abdul Rasheed Ghaffour.

Public Bank 3Q Net Profit Falls 3.8 Pct To RM1.77 Bln

KUALA LUMPUR, Nov 6 (Bernama) -- Public Bank Bhd posted a lower net profit of RM1.77 billion in the third quarter (3Q) ended Sept 30, down from RM1.84 billion, while revenue rose to RM7.74 billion from RM7.41 billion previously.

Labuan Tuna Industry Player Vivendi Asset Expands Into Brunei 

By Jailani Hasan

LABUAN, Nov 6 (Bernama) -- Labuan's leading tuna industry player, Vivendi Asset Group, is expanding its regional footprint through a major investment in Brunei, where its seafood processing venture is set to become the sultanate's largest.

Bursa Malaysia Extends Losses At Midday On Weak Sentiment

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia continued its downtrend at midday on Friday, tracking losses among most regional peers as selling in heavyweight counters weighed on the market amid weak sentiment following Wall Street’s overnight rout.