Bursa Malaysia Ends Higher For 4th Straight Day Led By Tech, Construction Stocks

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Feb 7 (Bernama) -- Bursa Malaysia ended higher for the fourth consecutive session on Friday, with buying mainly in technology and construction stocks, ahead of the release of US jobs report later today, said an analyst.

Manufacturing Sector To Benefit From Robust Investment -- RHB IB

KUALA LUMPUR, Feb 7 (Bernama) -- Malaysia’s manufacturing sector is well-positioned to benefit from robust investment activities and sustained external demand, RHB Investment Bank Bhd (RHB IB) said.

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.

AKWEL Records 7.3 Pct Revenue Drop In 2024

KUALA LUMPUR, Feb 7 (Bernama) -- AKWEL posted a consolidated revenue of 989.0 million euros for fiscal year 2024, marking a 7.3 per cent decrease from 1.0664 billion euros, the previous year. (1 euro = RM4.59)

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).

Perodua Raises Capex To RM1.6 Bln In 2025, Focuses on Expansion

KUALA LUMPUR, Feb 7 (Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is increasing its capital expenditure (capex) to RM1.6 billion this year, with the biggest chunk reserved for plant improvements, raising stamping capacity, new model development and tooling.

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.

CPO Futures Extend Gains On Weaker Output Outlook

By Siti Noor Afera Abu

KUALA LUMPUR, Feb 6 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Thursday for the second straight day, driven by weaker output expectations.