Bursa Malaysia Opens Higher, Tracks Wall Street Overnight Rebound

KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia opened higher on Thursday, in line with positive regional markets, tracking Wall Street’s overnight rebound.

Ringgit Gains As US Debt Weighs On Greenback, Easing Rate Hike Expectations

KUALA LUMPUR, Aug 20 (Bernama) -- The ringgit opened higher against the US dollar on Thursday as concerns over the rising US government debt weighed on the greenback, dimming expectations of a US interest rate hike, an economist said.

Ministry Of Finance To Study Proposed Hybrid GST-SST Tax System

PUTRAJAYA,  Aug 19 (Bernama) --  The Ministry of Finance will be given time to conduct a comprehensive study on the government’s proposal to combine elements of the Goods and Services Tax (GST) with the Sales and Services Tax (SST), said MADANI Government spokesperson Datuk Seri Fahmi Fadzil.

YTL Power Partners JLand Group To Develop Gigawatt-scale Data Centre Campus In Johor

KUALA LUMPUR, Aug 19 (Bernama) -- YTL Power International Bhd and JLand Group have announced a strategic partnership to undertake a joint development at Sedenak Tech Park West (STeP) in Johor, which will include a new gigawatt-scale data centre campus.

Penang Hopes To Get Federal Govt Approval For PIFC Proposal, Says Chow

GEORGE TOWN, Aug 19 (Bernama) -- Penang hopes that its proposal to establish the Penang International Financial Centre (PIFC) will receive the Federal Government’s approval through Budget 2027, said Chief Minister Chow Kon Yeow.

SC Ready To Regulate TH Investments If Decided By Government

GEORGE TOWN, Aug 19 (Bernama) -- The decision on whether the Securities Commission Malaysia (SC) will be given the role of regulating the fund management and investments of Lembaga Tabung Haji (TH) lies with the government, said SC chairman Datuk Mohammad Faiz Azmi.

Malaysia-Cambodia Business Mission Targets RM100 Mln In Potential Trade

By Vijian Paramasivam

PHNOM PENH, Aug 19 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) is targeting RM100 million in potential trade from its Export Acceleration Mission to Cambodia.

CPO Prices To Remain Above RM4,600 In September On Tightening Supply, Geopolitical Disruptions -- MPOC

KUALA LUMPUR, Aug 19 (Bernama) -- Crude palm oil (CPO) prices are expected to remain firm above RM4,600 per tonne in September, supported by tightening supply fundamentals and continued geopolitical disruptions to global trade flows, said the Malaysian Palm Oil Council (MPOC).

MPM Clarifies Labuan Port Remains Fully Operational

LABUAN, Aug 19 (Bernama) -- Megah Port Management Sdn Bhd (MPM), the operator of Labuan Port, today clarified that a recent report on the temporary closure of a jetty does not involve the closure or suspension of operations at Labuan Port.

SC Encourages Large Unlisted Firms To Pursue Dual Listings In Malaysia, Hong Kong

GEORGE TOWN, Aug 19 (Bernama) -- The Securities Commission Malaysia (SC) is identifying large unlisted Malaysian companies and encouraging them to consider dual listings in Malaysia and Hong Kong to broaden their access to international investors.

GTA Holdings Puts West Asia Expansion Plans On Hold, Exploring Other Opportunities

KUALA LUMPUR, Aug 19 (Bernama) -- Aircraft engine maintenance, repair and overhaul (MRO) services provider GTA Holdings Bhd (GTA) has put its expansion plans in West Asia on hold amid ongoing tensions in the region.

Lotte Chemical Titan Says No Decision So Far By Parent On Stake Sale

KUALA LUMPUR, Aug 19 (Bernama) -- Lotte Chemical Titan Holding Bhd today clarified that its South Korean parent company, Lotte Chemical Corporation (LCC), is considering various strategic measures concerning the company, with no decision made thus far.