Bursa Malaysia Rebounds, Opens Higher Despite Wall Street Weakness

KUALA LUMPUR, Sept 9 (Bernama) -- Bursa Malaysia rebounded from Tuesday’s losses to open higher on Wednesday despite weakness on Wall Street, as concerns over higher crude oil prices intensified amid escalating tensions in West Asia, an analyst said.

PNB Launches Second US$300 Mln Secured Exchangeable Sukuk

KUALA LUMPUR, Sept 9 (Bernama) -- Permodalan Nasional Bhd (PNB) has launched its second US$300 million secured exchangeable sukuk to optimise its portfolio through innovative capital market solutions.

Ringgit Opens Higher Against US Dollar Amid Rate-hike Expectations

KUALA LUMPUR, Sept 9 (Bernama) -- The ringgit opened higher against the US dollar on Wednesday as the greenback weakened, while markets weighed the prospects of interest rate hikes in the United States and Japan.

TRC Synergy Secures RM149.98 Mln Hyperscale Data Centre Contract 

KUALA LUMPUR, Sept 8 (Bernama) -- TRC Synergy Bhd has secured a contract from Gamuda Engineering Sdn Bhd for underground services works worth RM149.98 million for a hyperscale data centre.

CPO Futures End Mixed

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mixed on Tuesday, amid expectations of a slower export pace.

Public Bank To Privatise Hong Kong Subsidiary At HK$2.50 Per Share

KUALA LUMPUR, Sept 8 (Bernama) -- Public Bank Bhd has proposed to privatise its 73.23 per cent-owned subsidiary Public Financial Holdings Ltd (PFHL) for HK$2.50 (RM1.29) per share.

Budget 2027 Should Incentivise Energy Efficiency, RE Development – Energy Commission

KUALA LUMPUR, Sept 8 (Bernama) -- Budget 2027 should introduce incentives to encourage investment in energy efficiency and renewable energy (RE) development, according to the Energy Commission (ST).

Data Centres Account For 9.28 Pct Of Total Electricity Consumption – ST

KUALA LUMPUR, Sept 8 (Bernama) -- Data centres currently account for 9.28 per cent of total electricity consumption, according to the Energy Commission (ST).

Favelle Favco Secures RM131.7 Mln In Crane Supply Contracts

KUALA LUMPUR, Sept 8 (Bernama) -- Favelle Favco Bhd (FFB) has secured purchase orders worth a combined RM131.7 million from four clients to supply tower and offshore cranes.

Ringgit Ends Lower As Oil Prices Rise, Fed Decision Looms

By Karina Imran

KUALA LUMPUR, Sept 8 (Bernama) -- The ringgit closed lower against the US dollar on Tuesday, weighed by higher crude oil prices and cautious sentiment ahead of the US Federal Reserve’s (Fed) next policy decision, an analyst said.

Oil Price Seen At US$95-US$110 On Sustained Hormuz Impairment, Refinery Outage And Inventory Draws

By Nor Baizura Basri

KUALA LUMPUR, Sept 8 (Bernama) -- Global oil prices are expected to range between US$95 and US$110 per barrel following a core risk-adjusted price regime due to sustained Hormuz impairment, additional refinery outages and accelerating inventory draws, says an economist.

MATRADE Leadership Drives Export Acceleration, Strengthens Trade Resilience

KUALA LUMPUR, Sept 8 (Bernama) -- The executive leadership of the Malaysia External Trade Development Corporation (MATRADE) remains committed to driving export acceleration and strengthening the resilience of Malaysia’s international trade sector via market-driven strategies and proactive trade facilitation.