RCI: Tabung Haji Should Not Have Declared RM2.75 Bln 2017 Hibah

KUALA LUMPUR, July 30 (Bernama) -- The Royal Commission of Inquiry (RCI) on Lembaga Tabung Haji (TH) said the Islamic pilgrimage fund should not have declared a 4.50 per cent annual profit distribution (hibah) and a 1.75 per cent hajj hibah, totalling RM2.75 billion, for the 2017 financial year.

CPO Futures Rebound Amid Firmer Crude Oil Prices

By K. Naveen Prabu

KUALA LUMPUR, July 29 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, tracking gains in crude oil prices amid escalating tensions in West Asia.

Econpile Wins RM39.52 Mln Sub-contract For Bored Piling, Sub-structure Works

KUALA LUMPUR, July 29 (Bernama) -- Econpile Holdings Bhd has been awarded a sub-contract worth RM39.52 million from WCT Construction Sdn Bhd to undertake the earthworks, bored piling and sub-structure works here at Jalan Awan Besar in Mukim Petaling.

Petronas Unit Signs HoA With Japan's Hokuriku Electric To Renew LNG Supply Deal

KUALA LUMPUR, July 29 (Bernama) -- Petroliam Nasional Bhd's (Petronas) subsidiary, Petronas LNG Ltd (PLL), has signed a heads of agreement (HoA) with Japan's Hokuriku Electric Power Company to negotiate and conclude the renewal of a long-term liquefied natural gas (LNG) supply agreement.

AGC Biologics Secures Multi-Year Yokohama Manufacturing Contract

KUALA LUMPUR, July 29 (Bernama) -- AGC Biologics announced that ahead of the official opening of its Yokohama site, an international biopharmaceutical company has secured half of the facility’s mammalian manufacturing capacity through a multi-year commercial contract expected to be worth hundreds of millions of dollars.

KLCI Futures Open Higher

KUALA LUMPUR, July 29 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives opened higher on Wednesday.

CPO Futures Extend Losses On Weaker Crude Oil, Vegetable Oil Markets

By K. Naveen Prabu

KUALA LUMPUR, July 28 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower for a second consecutive day on Tuesday, weighed by easing crude oil prices.

Gold Futures Track COMEX To Close Lower

KUALA LUMPUR, July 28 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower today, tracking losses on the US Commodity Exchange (COMEX).

KLCI Futures Close Lower In Line With Cash Market

KUALA LUMPUR, July 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed lower on Tuesday, mirroring the cash market. 

Hotel Okura To Open Luxury Cappadocia Resort In 2028

KUALA LUMPUR, July 28 (Bernama) -- Hotel Okura Co Ltd, a global Japanese hotel operator, has announced that the Hotel Okura Thermal Resort & Spa Cappadocia is scheduled to open in 2028 in the historic village of Mustafapaşa in the Cappadocia region of Türkiye.

Axe Compute Secures US$1.5 Bln AI Infrastructure Agreement

KUALA LUMPUR, July 28 (Bernama) -- Axe Compute Inc, a neocloud artificial intelligence (AI) infrastructure company, has announced a new five-year customer agreement with a total committed contract value of over US$1.5 billion to deploy a dedicated AI infrastructure cluster powered by NVIDIA Blackwell in the United States (US). (US$1=RM4.08)

KLCI Futures Open Lower

KUALA LUMPUR, July 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts opened lower on Bursa Malaysia Derivatives on Tuesday.