Abu Dhabi’s TII, Naval Group Partner On Underwater Drones

KUALA LUMPUR, Nov 6 (Bernama) -- Abu Dhabi’s Technology Innovation Institute (TII) has signed an agreement with French naval defence company, Naval Group to explore jointly developing and commercialising uncrewed underwater vehicles (UUVs).

OPR Status Quo Consistent with Growth And Inflation Outlook -- BNM Governor

By M. Saraswathi and Karina Imran

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia's (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent reflects its assessment that the rate remains consistent with price stability outlook and sustainable economic growth, said Governor Datuk Seri Abdul Rasheed Ghaffour.

MHB Completes RM350 Mln Sukuk Murabahah Issuance

KUALA LUMPUR, Nov 6 (Bernama) -- Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) has completed the issuance of sukuk murabahah with an aggregate nominal value of RM350 million under its sukuk murabahah programme of up to RM1.0 billion.

Saudi Fund For Development Inks Over US$403 Mln Loans To Rebuild Syria

KUALA LUMPUR, Nov 6 (Bernama) -- The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth over US$403 million with Syria, to rebuild infrastructure and restore public services damaged by years of conflict. (US$1 = RM4.04)

Labuan Tuna Industry Player Vivendi Asset Expands Into Brunei 

By Jailani Hasan

LABUAN, Nov 6 (Bernama) -- Labuan's leading tuna industry player, Vivendi Asset Group, is expanding its regional footprint through a major investment in Brunei, where its seafood processing venture is set to become the sultanate's largest.

Bursa Malaysia Extends Losses At Midday On Weak Sentiment

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia continued its downtrend at midday on Friday, tracking losses among most regional peers as selling in heavyweight counters weighed on the market amid weak sentiment following Wall Street’s overnight rout.

MRM Health, Biocodex Partner On 15 Mln Euros Microbiome Medicine Facility

KUALA LUMPUR, Nov 6 (Bernama) -- Biotech company, MRM Health has formed a strategic partnership with French pharmaceutical company, Biocodex, which will invest 15 million euros in a manufacturing facility for microbiome-based medicines. (1 Euro = RM4.54)

More Than A Smartphone Brand: Xiaomi's Next Chapter In Malaysia

By K. Naveen Prabu

KUALA LUMPUR, Nov 6 (Bernama) -- Xiaomi is expanding beyond the smartphone market as it strengthens its position as a global technology company, with Malaysia playing an important role in its regional growth strategy.

Bursa Malaysia Opens Broadly Lower Amid Wall Street Sell-Off

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia opened broadly lower on Friday, with selling pressure dominating trading following Wall Street’s sharp overnight losses amid renewed concerns over artificial intelligence (AI)-related stocks.

Ringgit Opens Lower Amid Mixed US Economic And Market Signals

By Muhammad Fawwaz Thaqif Nor Afandi and Karina Imran

KUALA LUMPUR, Nov 6 (Bernama) -- The ringgit opened lower against the US dollar on Friday, as mixed signals from the United States economy and financial markets weighed on the greenback's outlook.

MITI: MEUFTA Intellectual Property Chapter Still Under Negotiation

KUALA LUMPUR, Nov 5 (Bernama) -- Negotiations for the Malaysia-European Union Free Trade Agreement (MEUFTA) are still ongoing, with the Intellectual Property Chapter still under negotiation, although several other chapters have been successfully concluded.

Govt Grants Flexibility In REE Export Moratorium To Attract Investors

KUALA LUMPUR, Nov 5 (Bernama) -- The government has agreed to provide flexibility regarding the existing moratorium on the export of raw rare earth element (REE) materials through the Guidelines for the Conditional Export of Raw Rare Earth Elements in order to attract potential investors.