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Gold Remains Relevant As Investments Despite Weakening Correlation With Currencies

KUALA LUMPUR, May 20 (Bernama) -- Precious metals such as gold and silver continue to play an important role as an investment strategy for hedging against uncertain economic situations, even though the inverse correlation between currencies and gold movements has changed, especially over the past three years.

Material Appoints Ranjan Kalia As CFO

KUALA LUMPUR, May 20 (Bernama) -- Material Plus Holdings LLC (Material), an intelligent growth company, has appointed Ranjan Kalia as Chief Financial Officer (CFO), bringing strong global finance leadership to support clients for future growth.

CPO Futures Close Higher On Weaker Production Outlook

KUALA LUMPUR, May 19 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on expectations of weaker production in the coming weeks, said Iceberg X Sdn Bhd proprietary trader David Ng.

Red Sea Global Opens First Joint Venture-Developed Resort At Shura Island

KUALA LUMPUR, May 19 (Bernama) -- Red Sea Global (RSG), the regenerative tourism developer, has reached a major milestone as Four Seasons Resort and Residences Red Sea at Shura Island welcomed its first guests beginning May 20.

CPO Prices To Hold Around RM4,400 Per Tonne In June 2026 - MPOC

KUALA LUMPUR, May 19 (Bernama) -- Crude palm oil (CPO) prices are expected to hold around RM4,400 per tonne in June 2026, supported by global biofuel policies, says the Malaysian Palm Oil Council (MPOC).

Bursa Malaysia Higher In Early Trade

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia opened higher today despite a mixed Wall Street overnight performance.

KLK Posts Higher 2Q Net Profit Of RM294.04 Mln

KUALA LUMPUR, May 18 (Bernama) -- Kuala Lumpur Kepong Bhd (KLK) posted a higher net profit of RM294.04 million in the second quarter ended March 31, 2026 (2Q 2026) from RM154.26 million in the same quarter of FY2025.

99 Speed Mart Posts Higher Net Profit Of RM188.56 Mln In 1Q

KUALA LUMPUR, May 18 (Bernama) -- 99 Speed Mart Retail Holdings Bhd posted a higher net profit of RM188.56 million in the first quarter of its financial year ended March 31, 2026 (1Q 2026), compared with RM144.90 million in the same period last year.

Modon, Montage To Launch First Branded Residences In Egypt’s Ras El Hekma 

KUALA LUMPUR, May 18 (Bernama) -- Abu Dhabi-based Modon Holding and Montage Hotels & Resorts announced the launch of Montage Ras El Hekma, introducing the first branded residences for purchase at Ras El Hekma on Egypt’s Mediterranean coast.

PIVB Keeps 2026 GDP Growth Forecast Unchanged At 4.6 Pct as Domestic Demand Supports Expansion

KUALA LUMPUR, May 18 (Bernama) -- Public Investment Bank Bhd (PIVB) has maintained its 2026 gross domestic product growth forecast at 4.6 per cent year-on-year (y-o-y), with domestic demand still anchoring the expansion.

Westports Shares Up After Stronger 1Q 2026 Results

KUALA LUMPUR, May 18 (Bernama) -- Port operator Westports Holdings Bhd was among Bursa Malaysia’s top early gainers after posting higher results in the first quarter ended March 31, 2026 (1Q 2026).