Ascend Airways Malaysia Unaffected By UK Unit's Wind-down

KUALA LUMPUR, April 29 (Bernama) -- Ascend Airways Malaysia Sdn Bhd has clarified that its operations remain unaffected by developments involving its United Kingdom (UK)-based counterpart, Ascend Airways Ltd.

Labuan Seeks Equal Duty-Free Treatment As Langkawi

LABUAN, April 29 (Bernama) -- Labuan’s duty-free status should be given equal consideration for full restoration, in line with the proposal being studied for Langkawi, to support the island’s tourism, retail and business sectors, the Labuan Corporation (LC) Advisory Council said.

Banking Industry Urges MSMEs Affected By West Asia Conflict To Engage For Support

KUALA LUMPUR, April 29 (Bernama) -- The banking industry is encouraging micro, small and medium enterprises (MSMEs) affected by the ongoing West Asia conflict to engage with their respective banks at an early stage to explore suitable solutions, including repayment assistance, restructuring, and working capital support.

Gold Futures Close Lower In Line With US COMEX

KUALA LUMPUR, April 29 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, following the weaker performance of gold futures in the US COMEX.

Ringgit Closes Higher Vs US Dollar, Regional Currencies

By Abdul Hamid A Rahman

KUALA LUMPUR, April 29 (Bernama) -- The ringgit closed higher against the US dollar and regional currencies, due to easing crude oil concerns following the United Arab Emirates’ (UAE) exit from the Organization of the Petroleum Exporting Countries (OPEC) pact.

Govt To Improve Non-Critical Spending To Protect People And Economy - MOF

KUALA LUMPUR, April 29 (Bernama) -- The Ministry of Finance (MoF) has confirmed that guidelines have been issued to ministries and agencies to restructure operating expenditure.

Bursa Malaysia Ends Lower On Profit-Taking In Oil-Related Counters

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 29 (Bernama) -- Bursa Malaysia ended on a softer note today, as investors took profit in oil-related counters following news of the United Arab Emirates’ (UAE) decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies.

MOF Mulls More Targeted Diesel Subsidy Mechanism For Sabah, Sarawak -- Fahmi

KUALA LUMPUR, April 29 (Bernama) -- The Ministry of Finance (MOF) is studying the implementation of a more targeted diesel subsidy mechanism, similar to BUDI95, for Sabah and Sarawak, said MADANI government spokesperson Datuk Fahmi Fadzil.

Understanding Supply Chain Shocks Amid Hormuz Disruptions is ASEAN's Key Challenge

KUALA LUMPUR, April 29 (Bernama) -- Understanding how global energy shocks transmit through production and supply chain networks is the key policy challenge for ASEAN economies, particularly in the wake of disruptions linked to the Iran-Strait of Hormuz.

HOK Strengthens Sports, Recreation And Entertainment Practice With ROSSETTI Acquisition

KUALA LUMPUR, April 29 (Bernama) -- HOK has announced the acquisition of ROSSETTI, a Detroit-based architecture firm, to strengthen its position as one of the leading sports, recreation and entertainment design practices.

Abaxx Launches First Gold Spot Trade

KUALA LUMPUR, April 29 (Bernama) -- Abaxx Technologies Inc (Abaxx) has announced the execution of the first trades on its Abaxx Spot Gold Pool, marking the operational debut of its physical gold marketplace.

Labuan Corp Advisory Council Urges CVLB To Set Up Labuan Branch To Boost Transport, Logistics Industry

LABUAN, April 29 (Bernama) -- The Commercial Vehicles Licensing Board (CVLB) has been urged to establish a branch here to facilitate dealings by transport and logistics companies operating on the island.