Bursa Malaysia Lower At Midday
KUALA LUMPUR, April 7 (Bernama) -- Bursa Malaysia ended the morning trading session lower as markets continued to reprice the protracted West Asia conflict.
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Ekuinas Invests In Ain Medicare Via RM1 Bln Tranche IV Fund
KUALA LUMPUR, April 7 (Bernama) -- Ekuiti Nasional Bhd (Ekuinas) has invested in a bumiputera manufacturer of sterile parenteral pharmaceutical products Ain Medicare Sdn Bhd via Ekuinas’ RM1 billion Tranche IV fund.
PM Anwar: Strategic Shift In Energy Strategy Imperative Amid Global Disruptions
KUALA LUMPUR, April 7 (Bernama) —Malaysia must expedite its transition towards a more sustainable, diversified and cost-effective long-term energy strategy, said Prime Minister Datuk Seri Anwar Ibrahim.
Malaysia's Banking Industry Remain Resilient, Supportive Amid Global Uncertainties - ABM
KUALA LUMPUR, April 7 (Bernama) -- Malaysia’s banking industry remains strong, resilient and is committed to supporting customers amid global uncertainties, including developments in West Asia, according to the Association of Banks in Malaysia (ABM).
IJM Shares Down In Early Trade, Sunway's IJM Takeover Attempts Lapse
KUALA LUMPUR, April 7 (Bernama) -- Share prices of IJM Corporation Bhd declined in early trade on Tuesday, while Sunway Bhd shares were marginally higher as Sunway’s conditional voluntary general offer (VGO) had lapsed after failing to meet the condition of securing over 50 per cent shareholders’ acceptance level in IJM.
Escalating West Asia Conflict Wake-up Call To Strengthen Malaysia’s Energy Sovereignty -- Academic
KUALA LUMPUR, April 7 (Bernama) -- Rising petroleum import prices and disruptions to global logistics caused by the Middle East conflict, which threaten inflation rates and the country’s long-term fiscal stability, serve as a warning for Malaysia to strengthen energy sovereignty by diversifying local energy sources.
West Asia Crisis: Fuel Cost Spike 'Neutral' For Malaysia's Utility Players - Kenanga IB
KUALA LUMPUR, April 7 (Bernama) -- The recent spike in fuel costs due to the West Asia crisis is expected to be “neutral” for most utility players, given the established fuel-cost pass-through mechanisms, according to Kenanga Investment Bank Bhd (Kenanga IB).
Bumi Armada Eases In Early Trade As CEO Steps Down
KUALA LUMPUR, April 7 (Bernama) -- Offshore production and support services provider Bumi Armada Bhd eased in early trade today after Gary Neal Christenson stepped down from his roles as chief executive officer (CEO), as a member of the company’s board of directors, as well as those of its subsidiaries and joint-controlled entities, with immediate effect.
Sunway Takeover Offer For IJM Lapses After Low Acceptances
KUALA LUMPUR, April 7 (Bernama) -- Sunway Bhd expressed appreciation to stakeholders after its conditional voluntary takeover offer for IJM Corporation Bhd lapsed, having failed to secure the required level of acceptances.
Ringgit Flat Against Us Dollar, Firmer Versus Major Currencies
KUALA LUMPUR, April 7 (Bernama) -- The ringgit opened little changed against the US dollar but strengthened against major currencies on Tuesday, as market sentiment remained cautious ahead of US President Donald Trump’s deadline on the reopening of the Strait of Hormuz.
MIGHT, PNSB Ink MoC To Drive Selangor High-Tech Industry Forward
SHAH ALAM, April 6 (Bernama) -- The Malaysian Industry‑Government Group for High Technology (MIGHT) and Permodalan Negeri Selangor Berhad (PNSB) today inked a Memorandum of Collaboration (MoC) to further accelerate high‑tech industry development and attract strategic investments to Selangor.
Govt Views Impact Of Global Energy Crisis On SMEs, Health Industry Seriously -- Akmal Nasrullah
KUALA LUMPUR, April 6 (Bernama) -- The government is taking the impact of the global energy crisis on various industry players, particularly micro, small and medium enterprises (MSMEs) and the healthcare sector, seriously, said Minister of Economy Akmal Nasrullah Mohd Nasir.