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Attractive Valuations Drive Buying, Bursa Malaysia Ends Higher

KUALA LUMPUR, June 12 (Bernama) -- Selected blue-chip counters trading at attractive valuations helped Bursa Malaysia close higher on Friday, despite cautious market sentiment driven by developments in West Asia, volatility in crude oil prices and uncertainty over the global interest rate outlook.

Bursa Malaysia Posts Slight Gains At Close On Selective Buying

By Harizah Hanim Mohamed

KUALA LUMPUR, June 11 (Bernama) -- Bursa Malaysia ended marginally higher after trading within a narrow range, supported by selective buying that offset profit-taking activities.

MOF Leads Whole-Of-Government Approach To Curb Illegal Influx Of Foreign Businesses

KUALA LUMPUR, June 10 (Bernama) -- The Ministry of Finance (MOF) is leading relevant ministries and agencies in adopting a “whole-of-government” approach to address the illegal influx of foreign products, services and businesses, said Deputy Finance Minister Liew Chin Tong.

IEM Recommends Raising Fees And Other Measures To Keep Pace With The Times

KUALA LUMPUR, June 10 (Bernama) -- Engineering consultancy fees in Malaysia have increased by less than 10 per cent since 1983 despite a significant rise in project complexity and workload, according to The Institution of Engineers Malaysia (IEM).

Pengerang Energy Complex Awards EPCC Contract To CNCEC

KUALA LUMPUR, June 10 (Bernama) -- Pengerang Energy Complex Sdn Bhd (PEC) has awarded the engineering, procurement, construction and commissioning (EPCC) contract for its Pengerang Energy Complex project in Johor, Malaysia, to China National Chemical Engineering Company Limited (CNCEC).

Data Centre Projects To Sustain Construction Sector Growth -- MBSB IB

KUALA LUMPUR, June 10 (Bernama) -- Data centre projects are expected to remain a key growth driver for Malaysia’s construction sector, supported by hyperscaler expansion, growing investments in digital infrastructure and rising power requirements, according to MBSB Bank Investment Bhd (MBSB IB).

Cautious Sentiment Drags Bursa Malaysia Lower At The Close

By Harizah Hanim Mohamed

KUALA LUMPUR, June 9 (Bernama) -- Bursa Malaysia ended lower on Tuesday as investors adopted a cautious stance amid external uncertainties, keeping a close watch on the upcoming United States inflation as well as developments surrounding the fragile Israel-Iran ceasefire.

Sime Darby Property Launches RM1.25 Bln Fund For Data Centres, Logistics Developments

KUALA LUMPUR, June 9 (Bernama) -- Sime Darby Property Bhd (SDP) has launched a RM1.25 billion real estate development fund, the New Economy Venture (NEV), to invest in build-to-suit-to-lease data centres, as well as industrial and logistics development projects within SDP’s key townships in Malaysia.

Bursa Malaysia Lower As West Asia Tension, Tech Sell-off Weigh On Global Markets

By Harizah Hanim Mohamed

KUALA LUMPUR, June 8 (Bernama) -- Bursa Malaysia recorded a decline of 0.82 per cent at the close today with the diversified composition of the FTSE Bursa Malaysia KLCI (FBM KLCI) helping to cushion the impact of global market weakness.

Energy Disruptions Could Spill Over Into Food, Medical Supplies And Manufacturing, Warns Hassan Marican

KUALA LUMPUR, June 8 (Bernama) -- Disruptions to energy and petrochemical supplies could have far-reaching implications beyond fuel availability, potentially affecting items critical to everyday life, such as medical supplies, food packaging and agricultural fertilisers, according to Tan Sri Mohd Hassan Marican.

Bursa Malaysia Ends Higher On Continued Bargain-hunting

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 5 (Bernama) -- Bursa Malaysia closed higher, with the benchmark index rising 0.60 per cent as bargain-hunting persisted following the recent sell-off, despite weaker performances across regional markets.

FELDA Appoints Encorp To Develop Staff Housing

KUALA LUMPUR, June 5 (Bernama) -- The Federal Land Development Authority (Felda) has inked a memorandum of understanding (MoU) with Encorp Bhd, under which the latter will undertake the design and construction of housing for Felda employees.