Salience Labs Raises US$30 Mln In Series A To Advance Optical Switches For AI Data Centres

KUALA LUMPUR, Feb 7 (Bernama) -- Salience Labs Limited, a leader in photonic solutions for artificial intelligence (AI) data centre infrastructure, has secured US$30 million in Series A funding. (US$1=RM4.42)

KL Rubber Market Ends Week On A High, Boosted By Stable Oil Prices

KUALA LUMPUR, Feb 7 (Bernama) -- The Kuala Lumpur rubber market ended the week on a positive note, supported by stable benchmark crude oil prices, a dealer said.

Labuan’s USO Continues Expansion With Seventh Office Facility At Mid Valley

By Jailani Hasan

LABUAN, Feb 7 (Bernama) -- Universal Serviced Offices (USO), a Labuan-based serviced office provider, has announced its latest expansion with a new facility in Mid Valley, Kuala Lumpur. 

Malaysia's International Reserves Up At US$116.4 Bln As At Jan 31, 2025

KUALA LUMPUR, Feb 7 (Bernama) -- Malaysia's international reserves rose to US$116.4 billion as at Jan 31, 2025, from US$115.5 billion on Jan 15, 2025, according to Bank Negara Malaysia (BNM).

Malaysia Initiates Anti-dumping Probe On Galvanised Steel Coils/Sheets Imports

KUALA LUMPUR, Feb 7 (Bernama) -- Malaysia has initiated an anti-dumping probe on galvanised steel coils/sheets exported from China, South Korea and Vietnam, according to the Ministry of Investment, Trade and Industry (MITI).

Proton Begins Construction Of RM82 Mln EV Plant In Tanjung Malim

TANJUNG MALIM, Feb 7 (Bernama) -- Proton Holdings Bhd has begun constructing a new electric vehicle (EV) manufacturing plant at its high-tech facility here today.

Bursa Malaysia Remains Higher At Midday On Buying Interest In Selected Blue Chips

KUALA LUMPUR, Feb 7 (Bernama) -- Bursa Malaysia remained higher at midday as buying interest continued in selected blue chips led by utilities and banking counters, analysts said. 

Bursa Malaysia Opens Lower On Mild Profit-taking

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Feb 7 (Bernama) -- Bursa Malaysia opened lower on Friday on mild profit-taking in selected heavyweights led by SD Guthrie and Tenaga Nasional, analysts said.

Malaysia Committed To Export Controls, Denies AI Chip Smuggling Claims To China

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 7 (Bernama) – The Malaysian government takes seriously the allegation that the country is being used as a transit point for smuggling Nvidia artificial intelligence (AI) chips to China and is committed to complying with multilateral international export control regulations.

Ringgit Opens Slightly Higher Against US Dollar

By Danni Haizal Danial Donald and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Feb 7 (Bernama) -- The ringgit opened slightly higher against the US dollar at opening trade as the US Federal Reserve (Fed) does not seem inclined to reduce rates in the near term, said an analyst.

Gold Futures Ease On Profit-Taking Activities

By Siti Radziah Hamzah

KUALA LUMPUR, Feb 6 (Bernama) -- Gold futures on Bursa Malaysia Derivatives eased slightly today as the market took a breather after yesterday’s gains. 

Ringgit Closes Lower Against US Dollar

KUALA LUMPUR, Feb 6 (Bernama) -- The ringgit turned lower against the US dollar at the close today amid improved demand for the greenback following the US administration seeking ways to reduce the 10-year US Treasury yield rather than bringing down the Fed Fund Rate, said an analyst.