Ringgit Opens Marginally Lower As Strong US GDP Supports Dollar
KUALA LUMPUR, June 26 (Bernama) -- The ringgit opened marginally lower against the US dollar on Friday as stronger-than-expected US economic data boosted the greenback.
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Collaborations Between Local Companies, MNCS Can Strengthen Malaysian Brands
KUALA LUMPUR, June 25 (Bernama) -- Collaboration between local companies and multinational corporations (MNCs) can serve as a good model to strengthen Malaysian brands and move the country beyond merely being a manufacturing base, said Entrepreneur and Cooperatives Development Minister Steven Sim.
Gold Futures End Lower For Third Day Running
By Danni Haizal Danial Donald
KUALA LUMPUR, June 25 (Bernama) -- Gold futures on Bursa Malaysia Derivatives finished lower for a third consecutive day on Thursday, weighed down by expectations of higher United States (US) interest rates following the release of the US Personal Consumption Expenditures (PCE) inflation data later tonight.
Implementation Of B15 Will Not Affect Cooking Oil Supply, Food Industry
KUALA LUMPUR, June 25 (Bernama) -- The implementation of increasing the biodiesel blend to B15 will not affect the supply of cooking oil and the domestic food industry because the additional palm oil usage only represents about 1.5 per cent of the country's total palm oil supply.
Bursa Malaysia Succumbs To Selling Pressure To End Lower
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, June 25 (Bernama) -- Bursa Malaysia ended lower on Thursday as selling pressure in industrial products and services stocks outweighed gains in the telecommunications sector, an analyst said.
Kuala Lumpur Rubber Market Extends Losses, Tracking Regional Futures Decline
KUALA LUMPUR, June 25 (Bernama) -- The Kuala Lumpur rubber market ended sharply lower for the third consecutive day, tracking broad-based declines in regional rubber futures markets amid growing expectationS of improved supply availability, a dealer said.
Malaysia Strengthens Air Connectivity With China, Indonesia Via Four New Services - MAHB
KUALA LUMPUR, June 25 (Bernama) -- Malaysia strengthened its air connectivity with China and Indonesia through the launch of four new international services by Hainan Airlines, China Eastern Airlines, Wings Air and AirAsia, according to Malaysia Airports Holdings Bhd (MAHB).
Malaysia Focuses On High-value IC Design Activities To Strengthen The Semiconductor Industry
KUALA LUMPUR, June 25 (Bernama) -- The government will focus on high-value activities in integrated circuit (IC) design as part of its efforts to strengthen its semiconductor industry and accelerate the development of high-growth, high-value (HGHV) industries.
MATRADE Inks Partnership With CAIQ Biosecurity Under MCGi, Boosting MSME Exports To China
KUALA LUMPUR, June 25 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) today signed a collaboration agreement with CAIQ Biosecurity Sdn Bhd under the Malaysia-China Gateway Initiative (MCGi), enhancing technical compliance support and strengthening market readiness among Malaysian exporters seeking to expand into China.
Batik Air Launches Direct Kuala Lumpur-Shanghai Service To Boost China Connectivity
KUALA LUMPUR, June 25 (Bernama) -- Batik Air has launched its new direct service between Kuala Lumpur and Shanghai, further strengthening its presence in China.
Falling Oil Prices Ease Inflation Concerns For Malaysia And Global Economy
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, June 25 (Bernama) -- Falling crude oil prices are expected to ease inflationary pressures in Malaysia and globally, reducing concerns that central banks may need to keep interest rates higher for longer, economists said.
Development Of Low Altitude Economy Sector To Benefit Local Aerospace Industry -- Sim
SERDANG, June 25 (Bernama) -- The development of the low altitude economy (LAE) sector is expected to generate spillover effects on the local aerospace industry’s supply chain when maintenance, repair and overhaul (MRO) companies and critical component manufacturers obtain supplies from local suppliers.