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Renewed Bargain Hunting Lifts Bursa Malaysia, CI Up 1.25 Pct

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 1 (Bernama) -- Bursa Malaysia started the final month of the year on a firmer footing, with the key index climbing 1.25 per cent at Monday’s close, supported by renewed bargain hunting and year-end portfolio rebalancing by institutional investors.  

Tengku Zafrul’s Legacy Marked By Continued Fervour To Scale Up Malaysia’s Trade Competitiveness

By Karina Imran

KUALA LUMPUR, Dec 1 (Bernama) – Tengku Datuk Seri Zafrul Abdul Aziz not only leaves behind a legacy marked by a continued fervour to scale up Malaysia’s global competitiveness in trade and industry but showed remarkable leadership in being able to lower tariff rates to a more palatable level imposed by the United States.

NETR Boosts Domestic Demand For Electric Buses, Enhancing Malaysia’s Competitiveness

JOHOR BAHRU, Dec 1 (Bernama) -- The National Energy Transition Roadmap (NETR), which aims to increase the use of electric buses significantly, is seen as opening up new growth opportunities for local manufacturers, including Johor-based Gemilang Coachwork Sdn Bhd.

North Atlantic France Completes Acquisition Of Esso S.A.F., ExxonMobil Chemical France

KUALA LUMPUR, Dec 1 (Bernama) -- North Atlantic France SAS (North Atlantic France) announced the successful closing of its acquisition of an 82.89 per cent controlling interest in Esso Société Anonyme Française SA (Esso S.A.F.) at 26.19 euros per share and 100 per cent of ExxonMobil Chemical France SAS (EMCF) from ExxonMobil France Holding SAS (ExxonMobil), following a competitive auction process initiated in 2024. (1 Euro = RM4.79)

Tencent’s New Kl Office Marks Stronger Digital Investment In Malaysia -- Gobind

KUALA LUMPUR, Dec 1 (Bernama) -- The opening of Chinese tech conglomerate Tencent Holdings Ltd’s new office in Malaysia reflects stronger long-term digital investment and reinforces the country’s position as an emerging regional technology hub, Digital Minister Gobind Singh Deo said.

Abaxx Exchange, Stellar Complete Connectivity, Expanding Access To Commodity Futures Benchmarks

KUALA LUMPUR, Dec 1 (Bernama) -- Abaxx Technologies Inc (Abaxx), a financial software and market infrastructure company, and Stellar Trading Systems Ltd (Stellar) announced the completion of full connectivity between Stellar’s suite of trading platforms and the Abaxx Exchange.

Malaysian Businesses Among World’s Most Confident On Trade Growth -- HSBC Survey

KUALA LUMPUR, Dec 1 (Bernama) -- Malaysian businesses are among the most confident globally about expanding international trade, with 92 per cent expecting growth over the next two years, surpassing the global average of 87 per cent, according to HSBC’s Global Trade Pulse Survey.

Ringgit Opens Unchanged As Traders Await FOMC Outcome

KUALA LUMPUR, Dec 1 (Bernama) -- The ringgit opened unchanged against the US dollar today as traders adopted a wait-and-see stance ahead of the United States (US) Federal Open Market Committee (FOMC) meeting next week.

GRS, Partner Parties And Independent Assemblymen Form Sabah Government With Simple Majority

KOTA KINABALU, Nov 30 (Bernama) -- Gabungan Rakyat Sabah (GRS), its partner parties and the independent candidates who won in the 17th Sabah State Election have formed the state government with a simple majority.

ASEAN Must Deepen Intra-regional Trade To Stay Competitive - Singapore Foreign Minister

From Hasnah Jusid

SINGAPORE, Nov 29 (Bernama) -- ASEAN must strengthen intra-regional trade and enhance economic connectivity to adapt to a rapidly changing global landscape, said Singapore’s Foreign Affairs Minister Dr Vivian Balakrishnan.

Maharani Freeport To Create 45,000 Jobs, Strengthen Supply Chains - PM Anwar

MUAR, Nov 29 (Bernama) -- The launch of Maharani Freeport is expected to create thousands of job opportunities and boost Malaysia’s maritime logistics competitiveness and supply chain resilience, said Prime Minister Datuk Seri Anwar Ibrahim.

Red Tape Reform Delivers Major Benefits To Public, Business Community - Academic

KUALA LUMPUR, Nov 29 (Bernama) -- The people and the business community have become the biggest beneficiaries of the Bureaucratic Red Tape Reform (RKB), as various government processes can now be completed more quickly, compliance costs have been reduced, and service transparency has improved.