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CPO Futures Rebound To Close Higher Tracking Bullish CBOT Soybean Oil

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 16 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, tracking gains in the Chicago Board of Trade’s soybean oil futures overnight.

BIMP-EAGA Must Continue To Strengthen Cooperation To Address Development Gaps

KOTA KINABALU, Oct 16 (Bernama) -- The Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA) must continue to strengthen cooperation and work closely together to address development gaps, said Sabah Deputy Chief Minister II Datuk Seri Dr Joachim Gunsalam.

Gold Futures Close Higher

KUALA LUMPUR, Oct 16 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today, tracking gains in the US COMEX gold market, a dealer said.

Development Of Manufacturing Sector Cluster In Central Region Should Be Made Strategic Initiative - PM Anwar

KUALA LUMPUR, Oct 16 (Bernama) -- The development of a special industrial cluster in the manufacturing sector in the Central Region needs to be prioritised as a strategic initiative of the MADANI Government to strengthen the country's position as an investment hub, said Prime Minister Datuk Seri Anwar Ibrahim.

Ringgit Strengthens Against Major Currencies On Positive Budget Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 16 (Bernama) -- The ringgit appreciated against the US dollar and other major currencies at the close today, driven by positive sentiment ahead of the tabling of the national budget this Friday, said SPI Asset Management managing director Stephen Innes.

BEV Sales Surge 112 Pct In 1H2024, Reaching 6,617 Units - Tengku Zafrul

KUALA LUMPUR, Oct 16 (Bernama) -- A total of 6,617 battery-powered electric vehicles (BEVs) were sold in the first half of 2024 (1H2024) marking a significant 112 per cent year-on-year surge in the electric vehicle (EV) market, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Sime Darby to Enhance ROE, Plans Strategic Growth for FY2025

KUALA LUMPUR, Oct 16 (Bernama) -- Sime Darby Bhd aims to enhance its return on equity (ROE), reduce debt, prioritise the integration of new acquisitions and strengthen its partnership with Toyota and Daihatsu Japan in the financial year 2025 (FY2025).

Fajarbaru Unit Secures RM246.10 Mln Contract From WCT Holdings

KUALA LUMPUR, Oct 16 (Bernama) -- Fajarbaru Builder Group Bhd’s wholly-owned subsidiary, Fajarbaru Builder Sdn Bhd (FBSB), has secured a contract from WCT Construction Sdn Bhd, an indirect subsidiary of WCT Holdings Bhd, to undertake the second phase development of AdisonWest located in Larkinton, Johor Bahru, worth RM246.10 million. 

Bursa Malaysia Ends Lower In Sync With Most Regional Markets

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia closed lower in tandem with the weak performance across the region following a negative cue from global equities overnight with strong selling In technology stocks, said an analyst. 

Global Commercialisation Strategies Set To Boost Malaysian Tech Startups, Scaleups -- MDEC

From Nurunnasihah Ahmad Rashid

DUBAI, Oct 16 (Bernama) -- Malaysia’s focus on global commercialisation strategies is set to drive significant economic impact for local tech startups and scaleups, particularly as the nation positions itself as the digital gateway to ASEAN.

Kuala Lumpur Rubber Market Ends Mixed Amid Weaker Regional Sentiment

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 16 (Bernama) -- The Kuala Lumpur rubber market closed mixed amid weaker advice from the regional rubber futures markets.

Invest Selangor Targets 10 Companies To Join Its Lab Partnership Programme By End-2024

KUALA LUMPUR, Oct 16 (Bernama) -- Invest Selangor Bhd aims to have 10 life sciences-based companies join its Selangor Lab Partnership Programme by the end of this year.