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Shopee Launches RM150 Mln 'Shopee Lindung Niaga' Initiative To Support Malaysian MSMEs

KUALA LUMPUR, April 29 (Bernama) -- Shopee has launched Shopee Lindung Niaga, a RM150 million initiative designed to support Malaysian micro, small and medium enterprises (MSMEs) through practical measures across shipping, working capital and fulfilment.

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, April 29 (Bernama) -- Bursa Malaysia ended the morning session lower, tracking regional peers as investor sentiment was dented following reports of the United Arab Emirates’ (UAE) move to exit the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).

UAE Exit Eroding OPEC Production Discipline; Strait Of Hormuz Risks Persist

By Siti Radziah Hamzah

KUALA LUMPUR, April 29 (Bernama) -- The United Arab Emirates’ (UAE) exit from the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) is unlikely to destabilise the alliance in the near term.

Labuan Corporation Advisory Council Supports Oil Refinery Proposal

LABUAN, April 29 (Bernama) — The Labuan Corporation Advisory Council has unanimously agreed to support a proposal to establish an oil refinery on the island, describing it as a strategic move to spur economic growth and create employment opportunities.

Bursa Malaysia Opens Higher On Stable Earnings Outlook, Macro Support

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 29 (Bernama) -- Bursa Malaysia opened higher, underpinned by expectations of stable earnings in 2026 across banking, utilities, energy and healthcare sectors, alongside strong domestic liquidity and a supportive macroeconomic backdrop

Ringgit Opens Higher Against US Dollar, Mixed Versus Peers

KUALA LUMPUR, April 29 (Bernama) -- The ringgit strengthened against the US dollar but was mixed against other currencies in early trade today, amid cautious sentiment over oil price volatility and developments in the Strait of Hormuz, an analyst said.

UAE Leaves OPEC And OPEC+ In Huge Blow To Global Oil Producers' Group

KUALA LUMPUR, April 28 (Reuters) -- The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.

Global Oil Prices Rise On Knee-jerk Reaction Following UAE's Exit From OPEC, OPEC+ 

KUALA LUMPUR, April 28 (Bernama) -- Global crude oil prices rose in a knee-jerk reaction following news that the United Arab Emirates (UAE) has left the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.

Avaland Unit Acquires Taman U-Thant Land For RM86 Mln

KUALA LUMPUR, April 28 (Bernama) -- Avaland Bhd’s wholly owned subsidiary Nexus Advertising Sdn Bhd has entered into a conditional sale and purchase agreement with Tong Ah Company Sdn Bhd to acquire freehold land at Taman U-Thant here for RM86.04 million.

MDEC Marks 30th Anniversary With Programmes To Advance AI-driven Digital Economy

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, April 28 (Bernama) -- The Malaysia Digital Economy Corporation (MDEC) is rolling out a series of programmes aimed at strengthening Malaysia’s digital economy and advancing its transition into an artificial intelligence (AI)-driven nation.

ASNB Launches Pandu Impianmu 2.0 Campaign With Prizes Worth RM875,000

KUALA LUMPUR, April 28 (Bernama) -- Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has launched the Pandu Impianmu 2.0 Campaign offering prizes worth RM875,000.

Malaysia's Rising MHIT Costs Mainly Driven By Higher Healthcare Use -- World Bank

KUALA LUMPUR, April 28 (Bernama) -- Cost pressures in Malaysia’s medical and health insurance/takaful (MHIT) sector are driven mainly by higher utilisation of healthcare services and misaligned incentives, rather than sharp increases in treatment prices, according to a World Bank Group report.