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Economic

Lotte Chemical Titan Unit, Indonesian Subsidiary In US$25.29 Mln Naphtha Deal

KUALA LUMPUR, April 20 (Bernama) -- Lotte Chemical Titan Holding Bhd’s wholly owned subsidiary, Lotte Chemical Titan (M) Sdn Bhd (LCTM), and its Indonesian subsidiary, PT Lotte Chemical Indonesia (LCI), have entered into a contract for the sale of naphtha worth US$25.29 million (US$1=RM3.90).

MRCB Completes RM1.58 Bln Bukit Jalil Sentral Property Acquisition

KUALA LUMPUR, April 20 (Bernama) -- Malaysian Resources Corporation Bhd (MRCB) has completed its proposed acquisition of Bukit Jalil Sentral Property Sdn Bhd (BJSP) after settling the remaining purchase consideration of RM1.42 billion in cash.

UOB Facilitates Over RM18 Bln In FDI Into JS-SEZ Since 2024

JOHOR BAHRU, April 20 (Bernama) -- United Overseas Bank (UOB) has facilitated over RM18 billion in foreign direct investment (FDI) into the Johor-Singapore Special Economic Zone (JS-SEZ) since 2024.

Invest Selangor To Hold Engagement Sessions For Phase 2 Of Resilience Package

SHAH ALAM, April 20 (Bernama) -- Invest Selangor Bhd will hold engagement sessions with key sectors such as services and construction within one to two weeks as part of efforts to boost the state’s economic resilience through the Selangor Resilience Strengthening Package Phase 2.

Consortium Advances Asia CCUS Network With Five Potential Carbon Storage Hubs

KUALA LUMPUR, April 20 (Bernama) -- A major Asia-Pacific industry consortium is advancing efforts to scale carbon capture infrastructure, identifying five potential cross-border storage hubs as part of a regional Carbon Capture, Utilisation and Storage (CCUS) development study.

Varia Unit Bags RM293.32 Mln Sub-contract Job In Johor

KUALA LUMPUR, April 20 (Bernama) -- Varia Bhd’s wholly-owned subsidiary, Pembinaan Teguh Maju Sdn Bhd, has accepted a letter of award from RSM Builders Sdn Bhd for a sub-contract valued at RM293.32 million.

West Asia Crisis A Reminder For ASEAN To Strengthen Energy Security -- Onn Hafiz

JOHOR BAHRU, April 20 (Bernama) -- The West Asian crisis is a reminder that ASEAN nations, particularly Malaysia, need to strengthen and diversify energy security and cooperation, as well as trade and supply chains.

Fujian Opens 2026 Cultural And Tourism Conference In Zhangzhou

KUALA LUMPUR, April 20 (Bernama) -- The 2026 Fujian Provincial Conference on the Development of Cultural and Tourism Economy kicked off recently in Zhangzhou, China's Fujian Province, highlighting elements of Minnan (Southern Fujian) wisdom, lifestyle, and culture.

Hatch-Led Consortium Identifies Five CCUS Hubs Across Asia-Pacific

KUALA LUMPUR, April 20 (Bernama) -- Hatch, a global engineering, project delivery, and professional services firm, has announced the Carbon Capture, Utilisation and Storage (CCUS) Hub Study for Asia, identifying five potential storage hubs and welcoming new consortium partners.

Bursa Malaysia Closes Higher On Buying In Defensive Large-Cap Stocks

By Abdul Hamid A Rahman

KUALA LUMPUR, April 20 (Bernama) -- Bursa Malaysia closed higher today, supported by buying interest in large-cap stocks as investors shifted toward defensive counters amid rising geopolitical uncertainty.

RM5 Bln Guarantee, e-Invoicing Flexibility To Aid MSMEs Amid Global Energy Crisis - PM Anwar

PUTRAJAYA, April 20 (Bernama) -- The government has announced several measures to help micro, small and medium enterprises (MSMEs) sustain operations amid the global energy crisis and the West Asia conflict, which have raised operating costs and disrupted supply chains.

Malaysia's Trade Prospects To Remain Stable In 2026 Amid Global Headwinds - RHB IB

KUALA LUMPUR, April 20 (Bernama) -- Malaysia’s trade prospects in 2026 are expected to remain stable amid global headwinds arising from geopolitical tensions and potential adjustments in the United States tariff policies, said RHB Investment Bank Bhd (RHB IB) today.