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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.

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.

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.

Eppendorf To Shift Part Of Production To Penang, Serve Global Markets

GEORGE TOWN, July 29 (Bernama) -- German life science company Eppendorf will relocate part of the production of selected laboratory instruments from its existing facilities to its new manufacturing site in Penang, which will primarily serve the North American and European markets.

Bursa Malaysia's Key Index Slightly Higher At Midday

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia’s key index was slightly higher at midday, with buying interspersed with selling in selected heavyweights amid a mostly weaker regional performance.

LYB CEO Peter Vanacker To Receive CME STEM Leadership Award

KUALA LUMPUR, July 29 (Bernama) -- LyondellBasell (LYB) and Chemical Marketing & Economics Inc (CME) announced that LYB Chief Executive Officer (CEO), Peter Vanacker will receive the CME STEM Leadership Award for Corporate Reinvention on Dec 11 in New York City.

Malaysia’s Nominal GDP At RM2.03 Trillion In 2025, Employees' Compensation Up 33.9 Pct -- DOSM

PUTRAJAYA, July 29 (Bernama) -- Malaysia’s nominal Gross Domestic Product (GDP) expanded 4.8 per cent to RM2.03 trillion in 2025 with Compensation of Employees (CE) accounting for 33.9 per cent of GDP, up from 33.6 per cent in 2024.

CIMB Islamic Bank Named World's Best Islamic Bank At Euromoney Awards 2026

KUALA LUMPUR, July 29 (Bernama) -- CIMB Islamic Bank Bhd was named the World's Best Islamic Bank at the Euromoney Islamic Finance Awards 2026, becoming the first Malaysian bank to receive the prestigious global accolade since its inception.

Tellus Power Unveils Energy AI Coordination Model 

KUALA LUMPUR, July 29 (Bernama) -- Tellus Power Global Holding Limited (Tellus Power), a deep technology company, has launched Tellus Energy AI, a purpose-built artificial intelligence (AI) model designed to coordinate energy supply and computing workloads for AI operators, data centres and energy companies.

Bursa Malaysia Opens Higher, Showing Resilience Despite Global Tech Rout

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia opened higher today showing resilience despite the global tech rout amid mixed Wall Street performance.

Ringgit Opens Higher Vs Greenback On Improved Local Sentiment

KUALA LUMPUR, July 29 (Bernama) -- The ringgit opened higher against the US dollar today, as market sentiment was boosted by Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour’s positive remarks yesterday and expectations of a shift in the United States (US) Federal Reserve policy.