Singapore Raises 2026 GDP Growth Forecast To 4.5-5.5 Pct On Stronger Global AI Expenditure Outlook

By Anas Abu Hassan

SINGAPORE, Aug 11 (Bernama) -- The Ministry of Trade and Industry (MTI) has raised Singapore's 2026 gross domestic product (GDP) growth forecast to between 4.5 and 5.5 per cent, raising it from an earlier projection of 2.0-4.0 per cent.

Businesses, Public Play Vital Role In Strengthening Malaysia’s Energy Security Amid Geopolitical Tensions

By Harizah Hanim Mohamed

KUALA LUMPUR, Aug 11 (Bernama) -- Businesses and the public have a vital role in supporting   Malaysia’s energy security, which has become increasingly important, as global geopolitical tensions continue to disrupt the energy landscape.

Govt Faced RM74.5 Bln Liability Risk If ‘Bank Run’ Occurred In 2018

KUALA LUMPUR, Aug 11 (Bernama) -- The government risked assuming liabilities of about RM74.5 billion if a massive panic withdrawal, or “bank run”, had occurred in 2018, said Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan.

Space42, Autonomous A2Z Sign US$7 Mln Agreement For UAE Level-4 Mobility

KUALA LUMPUR, Aug 11 (Bernama) -- Space42, a United Arab Emirates (UAE)-based artificial intelligence (AI)-powered SpaceTech company, and South Korea’s Autonomous A2Z (A2Z) have signed a US$7 million commercial agreement to deploy Level-4 autonomous mobility solutions in the UAE. (US$1=RM4.09)

Beanstalk Launches Monsoon Ventures To Support Southeast Asian Agtech 

KUALA LUMPUR, Aug 11 (Bernama) -- Beanstalk AgTech has launched Monsoon Ventures, a new venture studio in Singapore backed by Enterprise Singapore (EnterpriseSG) and Rabo Foundation, to support founders in Southeast Asia in commercialising agricultural technology (agtech) solutions.

CPO Price Outlook For 2026-2027 Raised On Rising Supply Risks - CIMB Securities

KUALA LUMPUR, Aug 11 (Bernama) -- CIMB Securities Sdn Bhd has raised 2026 and 2027 crude palm oil (CPO) price forecasts by RM50 per tonne to RM4,450 per tonne and RM4,550 per tonne, respectively, on rising supply risks.

Ringgit Opens Mixed Against Major Currencies As US Dollar Gains

KUALA LUMPUR, Aug 11 (Bernama) -- The ringgit opened mixed against a basket of major currencies on Tuesday, while the US dollar strengthened amid elevated crude oil prices following the reopening of the Strait of Hormuz.

Quarterly Performance Disclosure Could Boost Confidence In Tabung Haji

KUALA LUMPUR, Aug 10 (Bernama) -- Tabung Haji (TH) should announce its financial and investment performance on a quarterly basis -- as practised by the Employees Provident Fund (EPF) -- as a measure to strengthen transparency and boost depositor confidence.

CPO Futures End Higher On Strong Export Demand

By K. Naveen Prabu

KUALA LUMPUR, Aug 10 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, supported by healthy overseas demand for Malaysian palm oil.

MCT SEA Opens New Pathway For Mal Malaysia Champions To M8

KUALA LUMPUR, Aug 10 (Bernama) -- The champions of the Mobile Legends: Bang Bang (MLBB) Academy League (MAL) Malaysia will have a new pathway to the M8 World Championship following the introduction of the MLBB Championship Tour Southeast Asia (MCT SEA) in the fourth quarter of this year.

Gold Futures Climb as Fed Rate Hike Expectations Ease

KUALA LUMPUR, Aug 10 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher as reduced expectations of a US Federal Reserve (Fed) rate hike boosted demand for the precious metal.

MN Holdings' JV Clinches RM122.31 Mln Works Contract From TNB

KUALA LUMPUR, Aug 10 (Bernama) -- Infrastructure utilities construction and engineering services provider MN Holdings Bhd’s wholly owned subsidiary MN Utilities Engineering Sdn Bhd has clinched a works contract from Tenaga Nasional Bhd (TNB) worth RM122.31 million.