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Ringgit Opens Higher Vs US Dollar, Market Sentiment Improves

KUALA LUMPUR, May 13 (Bernama) -- The ringgit opened slightly higher against the US dollar today, supported by positive sentiment from the United States (US)-China diplomatic negotiations on the US tariff, an analyst said.

Maritime Sector Not Immune To Tariff War, With Small Firms Facing Potential Death Blow

By Harizah Hanim Mohamed

KUALA LUMPUR, May 11 (Bernama) -- Malaysia’s maritime sector, including its ports, is not immune to the fallout from the tariff war, which can potentially deal a death blow to small companies if the cost of shipping cargo increases exorbitantly.

Taiwan Dollar Rally Heightens FX Risk For Life Insurers, AM Best Warns 

KUALA LUMPUR, May 9 (Bernama) -- The Taiwan dollar’s rapid appreciation against the United States (US) dollar in recent days has raised foreign exchange (FX) risk concerns for the country’s life insurers, according to a new commentary from AM Best.

Intra-Asia Trade Boosts Westports Net Profit By Nine Pct To RM222 Mln In First Quarter

KUALA LUMPUR, May 9 (Bernama) -- Westports Holdings Bhd's net profit for the first quarter ended March 31, 2025 (1Q FY2025) rose by nine per cent to RM222.46 million, compared with RM204.51 million recorded in the same quarter a year ago.

CIMB Downgrades Recommendations On Petronas Chemicals To ‘Hold’

KUALA LUMPUR, May 9 (Bernama) -- CIMB Securities Sdn Bhd has downgraded its recommendation for Petronas Chemicals Group Bhd (PChem) to a "Hold” from “Buy”.

Science & Technology, Innovations To Drive ASEAN’s Digital And Green Economy Vision - Tengku Zafrul

SERDANG, May 8 (Bernama) -- ASEAN must embrace science and technology and produce innovations to power up the region’s digital and green economy visions sustainably, in order to achieve its ambition of becoming the world’s fourth-largest economy by 2030.

Mixed Outlook Ahead Of BNM's OPR Announcement Tomorrow -- Economists

KUALA LUMPUR, May 7 (Bernama) -- Although the overnight policy rate (OPR) is expected by many to stay at 3.0 per cent, some economists see a possible 25 basis points (bps) cut by Bank Negara Malaysia (BNM) as pre-emptive support against the potential downside risks of the American tariffs.

Gold Futures Rise As India-Pakistan Conflict Escalates

By Danni Haizal Danial Donald

KUALA LUMPUR, May 7 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher on Wednesday due to trade war uncertainties and after India launched military strikes on targets in Pakistan in the wake of the recent Kashmir massacre.

Gold Futures End Higher Amid Ongoing US-China Tariff Tensions

By Danni Haizal Danial Donald

KUALA LUMPUR, May 6 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher on Tuesday amid ongoing tensions over the US-China tariffs.

Rubber Market Ends Mixed Amid Regional Uptrend, Steady Oil Prices

KUALA LUMPUR, May 6 (Bernama) -- The Malaysian rubber market ended mixed today amid an uptrend in the regional rubber futures markets and gains in oil prices.

MR D.I.Y. 's Net Profit Rises To RM174.15 Mln In 1Q

KUALA LUMPUR, May 5 (Bernama) -- MR D.I.Y. Group (M) Bhd’s net profit rose to RM174.15 million for the first quarter (1Q) ended March 31, 2025, from RM144.88 million in the same period last year.

Warren Buffett Announces Retirement As Berkshire CEO By Year's End

ISTANBUL, May 4 (Bernama-Anadolu) -- Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, an American multinational conglomerate holding company, announced plans to retire at the company's 2025 annual shareholders meeting on Saturday, capping a 55-year tenure, Anadolu Ajansi (AA) reported.