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Bursa Malaysia Rebounds To Close Higher On Bargain Hunting In Blue Chips

KUALA LUMPUR, May 12 (Bernama) -- Bursa Malaysia rebounded to close higher on Tuesday amid selective bargain-hunting in blue-chip stocks after closing lower in the last two trading sessions, analysts said.

Govt To Continue Monitoring Global Supply Crisis

KUALA LUMPUR, May 12 (Bernama) -- The global energy market has shown signs that it is stabilising, but it needs to be continuously monitored as any new developments can affect energy and production costs, said Economy Minister Akmal Nasrullah Mohd Nasir.

BUDI95 A Key Tool In Managing Fuel Demand -- Liew

KUALA LUMPUR, May 12 (Bernama) -- The BUDI MADANI RON95 (BUDI95) initiative is seen as a useful demand management tool that helps Malaysia understand national usage patterns, said Deputy Finance Minister Liew Chin Tong.

Malaysia GDP Seen At 4.8 Pct In 2026 If West Asia War Ends By June -- Affin Bank

KUALA LUMPUR, May 12 (Bernama) -- Malaysia’s gross domestic product (GDP) is projected to expand 4.8 per cent in 2026, provided the West Asia conflict ends by June, underpinned by stable domestic demand, improving investment activity and ongoing economic reforms, Affin Bank Bhd said.

Bursa Malaysia Higher At Midday

KUALA LUMPUR, May 12 (Bernama) -- Bursa Malaysia remained in positive territory at midday, mirroring the upbeat performance of most regional peers and supported by positive sentiment following Wall Street's strong overnight gains.

MOF Exploring Ways For More Semiconductor Firms To List On Bursa Malaysia

KUALA LUMPUR, May 12 (Bernama) -- The Ministry of Finance (MOF) is exploring ways to create a pathway for more semiconductor-related companies, both foreign direct investment (FDI)-linked and local firms, to be listed on Bursa Malaysia, said its Deputy Minister Liew Chin Tong.

Investment Banks Expect 2026 CPO Prices Between RM4,250-RM4,350 Amid Biodiesel Demand, El Nino Risks

KUALA LUMPUR, May 12 (Bernama) -- Investment Banks are expecting crude palm oil (CPO) prices to range between RM4,250 and RM4,350 in 2026, driven by rising biodiesel demand and growing risks of a severe El Nino.

RCEP Must Pivot To High-complexity Trade And Integrated Supply Chains

HAIKOU (China), May 12 (Bernama) -- The Regional Comprehensive Economic Partnership (RCEP) must evolve beyond traditional tariff reductions and simple transhipment towards high-complexity trade and integrated supply chains.

Sibu Needs New Industrial, Agricultural Push To Stay Competitive

By Frank Julian Martin

SIBU, May 12 (Bernama) -- Sibu needs to accelerate new industrial and agricultural development initiatives to regain its economic competitiveness and prevent further outmigration of local talent, according to Delta Leasing Bhd executive chairman, Dr Gregory Hii Sui Cheng.

Ringgit Closes Higher Against Regional Peers

By Abdul Hamid A Rahman

KUALA LUMPUR, May 11 (Bernama) -- The ringgit closed higher against regional peers and was firmer versus most major currencies today as investors monitored developments in the United States-Iran negotiations and upcoming US-China talks.

Permaju Unit to Cease Ford Dealership Business

KUALA LUMPUR, May 11 (Bernama) -- Permaju Industries Bhd's wholly-owned subsidiary Capital Intertrade Sdn Bhd (CISB) is ceasing its Ford dealership operations, having served a notice of company closure and surrender of operations to Sime Darby Auto ConneXion Sdn Bhd (Sime Darby Auto).

EMGA Secures US$25 Mln Financing For Vietnam’s EVF From OPEC Fund

KUALA LUMPUR, May 11 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for EVF General Finance Joint Stock Company (EVF) in Vietnam by securing US$25 million from the OPEC Fund for International Development (OFID). (US$1 = RM3.91)