East Coast Floods, Low Stockpiles Seen Lifting CPO Futures Next Week

KUALA LUMPUR, Nov 30 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upside bias next week, given the worsening floods in the East Coast.

Ringgit Seen Trading At 4.42-4.44 With Upside Bias Against US Dollar Next Week

KUALA LUMPUR, Nov 30 (Bernama) -- The ringgit is expected to trade within the range of 4.4275 to 4.4475 versus the American dollar next week, with a slight upside bias, on anticipation of a US interest rate cut in December.

Sapura Energy Chairman, Group CEO To Step Down

KUALA LUMPUR, Nov 29 (Bernama) -- Sapura Energy Bhd’s chairman, Datuk Mohammad Azlan Abdullah, and group chief executive officer (CEO) Datuk Mohd Anuar Taib, will be leaving their positions in the fourth quarter of the current financial year ending Jan 31, 2025 (4Q FY2025).

Stronger Turnaround For Capital A In 4Q 2024 Expected -- Research Houses

KUALA LUMPUR, Nov 29 (Bernama) -- Research houses are anticipating a strong turnaround for Capital A Bhd in the fourth quarter of 2024 (4Q 2024), given the seasonally stronger demand and yields, lower jet fuel price and a weakened US dollar. 

Downturn Continues On Bursa Amid Absence Of Leads From Wall Street, US Policy Worries

KUALA LUMPUR, Nov 29 (Bernama) -- Bursa Malaysia extended its downtrend on Friday, driven by an absence of guidance from Wall Street and persistent concerns over US policy uncertainties.

Malaysia Seeks Advanced Technology, Investments For Rare Earth Processing

KUALA LUMPUR, Nov 28 (Bernama) -- The government will ensure the development of the rare earth element (REE) industry progresses, simultaneously encompassing the upstream and downstream sectors to meet industrial needs, said Economy Minister Rafizi Ramli.

Welspun One Invests US$325 Mln To Develop India's Largest Logistics Facility

KUALA LUMPUR, Nov 28 (Bernama) -- Welspun One, India’s fastest-growing new-age logistics and industrial real estate manager, is investing US$325 million in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. (US$1=RM4.43)

IOI Corp's Operating Profit Remains Stable Amid Uncertainty In Donwstream Sub-segment - MIDF Amanah

KUALA LUMPUR, Nov 27 (Bernama) -- IOI Corp Bhd’s operating profit remains stable amid the uncertainty in the downstream sub-segment, driven by the low cost of production among its peers, circa RM2,300-RM2,600 per tonne, MIDF Amanah Investment Bank Bhd said.

Sunway's Share Price Slightly Down Despite Strong 3Q Earnings

KUALA LUMPUR, Nov 27 (Bernama) -- Demand for Sunway Bhd’s shares remained limited in early trade today despite its strong earnings growth recorded in the third quarter of financial year 2024 (3Q FY2024) earnings growth.

KLK Shares Drop 4 Pct As Earnings Miss Estimates

KUALA LUMPUR, Nov 27 (Bernama) -- Shares of Kuala Lumpur Kepong Bhd (KLK) emerged as the top losers on Bursa Malaysia in early trade today after its latest financial results missed market expectations.

“Abraj Omar”: Luxurious Sanctuary Fusing Refinement, Spirituality In The Heart Of Makkah

KUALA LUMPUR, Nov 26 (Bernama) -- Alesayi Holding, represented by its real estate sector, has launched its luxurious project, "Abraj Omar Hotel & Residences by MGallery", a development redefining upscale hospitality located just steps away from the Holy Kaaba at Cityscape 2024.

Hibiscus Petroleum's Brunei Acquisition To Contribute To Earnings Starting FY2025

By Siti Radziah Hamzah

KUALA LUMPUR, Nov 26 (Bernama) -- Hibiscus Petroleum Bhd's acquisition of TotalEnergies in Brunei will start to contribute to its earnings from the financial year ending June 30, 2025 (FY2025), said managing director Dr Kenneth Pereira.