Economy Ministry Seeks Industry Input On Malaysia’s Energy Transition

KUALA LUMPUR, Oct 22 (Bernama) -- The Ministry of Economy has called on industry players to submit policy recommendations on energy storage, the hydrogen economy and smart grid deployment to advance Malaysia’s energy transition.

Ringgit Opens Higher As AI Investment Concerns Weigh On Greenback

By Siti Noor Afera Abu and Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Oct 23 (Bernama) -- The ringgit opened higher on Friday as the greenback weakened after equity prices fell amid heightened concern over artificial intelligence (AI)-related investments.

Govt’s Net Financial Burden Related To 1MDB Estimated At RM20.1 Bln -- MOF

KUALA LUMPUR, Oct 22 (Bernama) -- The remaining net financial burden borne by the government in relation to 1Malaysia Development Bhd (1MDB) is estimated at RM20.1 billion, assuming no further recovery of funds or assets in the future.

CPO Futures End Higher On Firmer Soybean Oil Futures, Export Outlook

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 22 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday, tracking firmer soybean oil futures on the Chicago Board of Trade (CBOT), while stronger palm oil export estimates lent further support to market sentiment.

Synology Records Double-Digit Sales Growth In Malaysia On Rising Govt, Healthcare Demand

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 22 (Bernama) -- Taiwanese technology company Synology Inc has recorded strong double-digit sales growth in Malaysia thus far this year, driven by increased demand for its data storage solutions from government and healthcare organisations.

KL Rubber Market Closes Mixed Amid Regional Gains

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 22 (Bernama) -- The Kuala Lumpur rubber market closed mixed on Thursday, as firmer regional rubber futures supported sentiment, while subdued demand from China’s tyre manufacturing sector capped further upside, a dealer said.