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Bank Rakyat Issues RM300 Mln Tier-2 Subordinated Sukuk Issuance

KUALA LUMPUR, June 19 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has issued a RM300 million tier-2 subordinated sukuk Murabahah via a special purpose vehicle, Mumtaz Rakyat Sukuk Bhd.

WCT Shares Rise After Securing RM529 Mln Abu Dhabi Contract

KUALA LUMPUR, June 19 (Bernama) -- WCT Holdings Bhd’s shares rose on Friday after securing a sub-contract worth RM528.99 million for the construction of a commercial and residential development in Abu Dhabi, the United Arab Emirates (UAE).

Mavenir, Red Hat Launch AI Monetisation Platform

KUALA LUMPUR, June 19 (Bernama) -- Mavenir has launched an integrated artificial intelligence (AI) platform developed in collaboration with Red Hat, enabling network operators to offer and bill AI services through token-based consumption models using existing telecom billing systems.

China National Medical Imaging AI Contest Expands ASEAN Outreach

KUALA LUMPUR, June 19 (Bernama) -- China's national medical imaging artificial intelligence (AI) competition has expanded its outreach to Southeast Asia, holding a promotional event in Vietnam after a similar engagement in Malaysia as organisers seek to attract international participation ahead of the contest later this year.

CPO Prices Expected At RM4,400 To RM4,650 In July - MPOC

KUALA LUMPUR, June 19 (Bernama) -- Crude palm oil (CPO) prices are expected to trade between RM4,400 and RM4,650 per tonne in July, supported by the tightening supply outlook in Indonesia and rising El Nino risk, said the Malaysian Palm Oil Council (MPOC).

Malaysia's Competitiveness Ranking Surge Signals Stronger Economic Fundamentals - Economists

By Rosemarie Khoo

KUALA LUMPUR, June 19 (Bernama) -- Malaysia's improved standing in the International Institute for Management Development (IMD) 2026 World Competitiveness Ranking reflects the country’s strengthening economic fundamentals.

KLCI Futures Open Lower

KUALA LUMPUR, June 19 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures opened lower on Bursa Malaysia Derivatives on Friday, tracking the underlying cash market performance. 

Bursa Malaysia Opens Lower On Profit-taking

KUALA LUMPUR, June 19 (Bernama) -- Bursa Malaysia opened lower on Friday as mild profit-taking in key index-linked counters weighed on early trade, despite overnight gains on Wall Street.

Ringgit Opens Higher Against US Dollar

KUALA LUMPUR, June 19 (Bernama) -- The ringgit opened higher against the US dollar today, recovering from yesterday's sharp decline amid cautious market sentiment following the US Federal Reserve's (Fed) latest policy decision.

Malaysia Has To Be Bold In Strengthening Economic Relations With Russia -- Anwar

From Nurul Hanis Izmir

KAZAN, June 18 (Bernama) — Malaysia needs to be more bold and aggressive in strengthening economic relations with Russia and other countries that have the potential to benefit the nation, Prime Minister Anwar Ibrahim said.

Russia Guarantees Long-term Petroleum, Oil And Gas Supplies To Malaysia -- PM Anwar

From Nurul Hanis Izmir

KAZAN, June 18 (Bernama) -- Russia has agreed to guarantee long-term supplies of petrol, oil and gas to Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

CPO Futures Close Mostly Lower On Weaker Soybean Oil, Crude Oil Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, June 18 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower on Thursday, pressured by weaker soybean oil and crude oil prices, a trader said.