MRCB’s 2025 Order Book To Expand By Between RM4 Bln And RM5 Bln - HLIB

KUALA LUMPUR, Feb 7 (Bernama) – Malaysian Resources Corporation Bhd’s 2025 order book is anticipated to expand by RM4 billion to RM5 billion due to delayed project spillover such as the Kuala Lumpur Sentral redevelopment, LRT3 variation orders, and the Shah Alam Stadium redevelopment.

Subi Introduces Seven Rebranded Frozen Seafood Products

By Mohd Noor Iqram Rosli

KOTA BHARU, Feb 7 (Bernama) -- Frozen seafood brand, Subi, which has been established since 1998, is now launching a rebranding for seven of its products, in line with the evolving needs of modern consumers.

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.

Finalised SST Scope Of Expansion, Rate Review To Be Gazetted In 1Q 2025 - MOF

KUALA LUMPUR, Feb 7 (Bernama) -- The finalised sales and service tax (SST) scope of expansion and the review of the SST rates will be gazetted through subsidiary legislation in the first quarter (1Q) of 2025 after the engagement process is completed to allow sufficient preparation before enforcement of the changes.

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.

INSKEN Aims To Train 25,000 Entrepreneurs, Focus On B40 Group

PASIR SALAK, Feb 6 (Bernama) -- The National Institute of Entrepreneurship (INSKEN) aims to train 25,000 entrepreneurs this year after successfully training 13,000 of them nationwide last year.

Gold Futures Ease On Profit-Taking Activities

By Siti Radziah Hamzah

KUALA LUMPUR, Feb 6 (Bernama) -- Gold futures on Bursa Malaysia Derivatives eased slightly today as the market took a breather after yesterday’s gains. 

Scomi Energy To Be Delisted On Feb 12 As Bursa Dismisses Appeal For Extension

KUALA LUMPUR, Feb 6 (Bernama) -- Bursa Securities Bhd has dismissed Scomi Energy Services Bhd's request for an extension to submit its regularisation plan.

Ringgit Closes Lower Against US Dollar

KUALA LUMPUR, Feb 6 (Bernama) -- The ringgit turned lower against the US dollar at the close today amid improved demand for the greenback following the US administration seeking ways to reduce the 10-year US Treasury yield rather than bringing down the Fed Fund Rate, said an analyst.    

Bursa Malaysia Ends Higher Led By Energy Stocks, CI Up 0.67 Pct

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Feb 6 (Bernama) -- Bursa Malaysia closed higher on broad-based buying during the late session, with the market bellwether ending at an intraday high, driven by energy stocks, said an analyst.

Zenas BioPharma Targets Key 2025 Milestones For Obexelimab In Autoimmune Diseases

KUALA LUMPUR, Feb 6 (Bernama) -- Zenas BioPharma Inc (Zenas), a clinical-stage global biopharmaceutical company, has outlined its significant achievements in 2024 and set key business objectives for 2025.