LATEST NEWS   APAD revokes the operator licence of MFG Barokah Enterprise following the crash in Gemas Baharu, Johor, which claimed three lives | The govt is warning corporates to stop channel switching activities and instead buy fuel at market prices, or they will face enforcement action -- Amir Hamzah | Global energy crisis: Moves to maintain targeted diesel subsidies ensure critical sectors like fishing, public transport can enjoy diesel at controlled prices - Amir Hamzah | Low supply, high demand, security threat, soaring delivery costs have caused global oil prices to rise sharply - Amir Hamzah | Global energy crisis: Government now bears RM6 billion in petrol and diesel subsidies, compared to RM700 million before the war - Amir Hamzah | 

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CPO Futures Snap Three-day Losses To Close Higher On Bargain Buying

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, April 9 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a three-day losing streak to close higher on Thursday, supported by bargain buying and a recovery in energy prices, a trader said.

Ringgit Closes Mostly Higher Against Major Currencies, Slightly Lower Versus US Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, April 9 (Bernama) -- The ringgit closed mostly higher against major currencies today, but eased slightly against the US dollar amid concerns over the durability of the ceasefire between the United States and Iran.

Shell Malaysia To Prioritise Fuel Supply Continuity Across Retail Network

KUALA LUMPUR, April 9 (Bernama) -- Shell Malaysia Trading Sdn Bhd is prioritising efforts to support fuel supply continuity within its retail network, in line with the government’s recent announcement.

Gold Futures End Lower

KUALA LUMPUR, April 9 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, in line with the United States COMEX gold market.

Hong Seng Unit Enters Debt Settlement Deals Worth RM63.61 Mln

KUALA LUMPUR, April 9 (Bernama) -- Hong Seng Consolidated Bhd’s wholly-owned subsidiary, AIMAX Capital Sdn Bhd, has entered into debt settlement agreements totalling RM63.61 million with four borrowers.

KLCI Futures End Lower In Tandem With Cash Market

KUALA LUMPUR, April 9 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended lower today, in tandem with the underlying cash market.

TERAJU Introduces New Fund To Accelerate Scaling Of Bumiputera Companies In Sabah

KOTA KINABALU, April 9 (Bernama) -- The Bumiputera Agenda Steering Unit (TERAJU) has introduced the Bumiputera Sabah and Sarawak Scale-Up Fund (BSSF) as a strategic driver to accelerate the growth and scaling of Bumiputera companies in Sabah.

Bursa Malaysia Ends Lower AS Investors Reassess US-Iran Truce

By Siti Radziah Hamzah

KUALA LUMPUR, April 9 (Bernama) -- Bursa Malaysia closed lower on Thursday following the weaker performance of regional peers.

Digital Realty Targets About SG$7 Bln Investment In Singapore AI Hub

KUALA LUMPUR, April 9 (Bernama) -- Digital Realty, the world's largest cloud- and carrier-neutral data centre platform, announced plans to invest nearly SG$7 billion in Singapore, reinforcing the city-state’s role as a strategic artificial intelligence (AI) infrastructure hub for Asia Pacific. (SG$1 = RM3.11)

Malaysia’s Macroeconomic Stability Key To Navigating Global Challenges

KUALA LUMPUR, April 9 (Bernama) -- Malaysia’s ability to sustain macroeconomic stability is crucial in navigating global economic challenges amid ongoing West Asia tensions, said Juwai IQI global chief economist Shan Saeed.

Banks Reaffirm Commitment To Support Customers Affected By Ongoing Global Uncertainties

KUALA LUMPUR, April 9 (Bernama) -- Alliance Bank Malaysia Bhd and Standard Chartered Malaysia announced their commitment today to support customers affected by ongoing geopolitical and economic uncertainties.

Dorsett To Open First Dao by Dorsett Hotel In Malaysia

KUALA LUMPUR, April 9 (Bernama) -- Dorsett Hospitality International (DHI), a subsidiary of Far East Consortium International Limited (FEC), will open Dao by Dorsett Puteri Cove on May 15, marking the brand’s debut in Malaysia.