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.

Boulder Imaging Secures Growth Investment From Lime Rock New Energy

KUALA LUMPUR, April 9 (Bernama) -- Boulder Imaging Inc, a provider of ultra-high-speed machine vision technologies for wind energy and manufacturing applications, has received a growth investment from funds managed by Lime Rock New Energy (LRNE) to accelerate its global expansion and technology development.

Xora Appoints Eric Rosenblum As General Partner To Expand US Presence, AI Investments

KUALA LUMPUR, April 9 (Bernama) -- Xora Innovation (Xora), an early-stage artificial intelligence (AI) and deep tech venture firm backed by Temasek, has appointed Eric Rosenblum as General Partner to strengthen its presence in the United States (US) and accelerate investments in AI infrastructure, Applied AI, and deep tech companies.

Contractors Urge VOP Revival, EOT As Costs Surge

IPOH, April 9 (Bernama) -- The government has been urged to take immediate steps, including reinstating the Variation of Price (VOP) mechanism for construction materials, to help contractors grappling with rising costs driven by the global energy crisis.

iHerb Partners k2o To Expand Global Distribution Of Drink Mixes

KUALA LUMPUR, April 9 (Bernama) -- iHerb, one of the world's largest online retailers specialising in health and wellness, has announced an exclusive international partnership with k2o, founded by Kylie Jenner.

Oil Rebounds As Markets Track US-Iran Ceasefire, Hormuz Situation

KUALA LUMPUR, April 9 (Bernama) -- Oil prices rebounded towards US$100 per barrel amid lingering uncertainty over the two-week United States-Iran ceasefire and Iran’s renewed closure of the Strait of Hormuz following Israeli strikes on Lebanon.

BUDI95 Is Seen As A Right Step In Targeted Fuel Subsidy Reform For Malaysia -- World Bank

KUALA LUMPUR, April 9 (Bernama) -- Malaysia’s targeted fuel subsidy reform under BUDI MADANI RON95 (BUDI95) is a step in the right direction amid the West Asia crisis as the government seeks to better manage fiscal pressures while ensuring subsidies are distributed more efficiently.

Malaysia Does Not Need Stimulus Amid West Asia Crisis -- World Bank

KUALA LUMPUR, April 9 (Bernama) -- Malaysia does not need stimulus amid the West Asia crisis, said the World Bank’s lead economist for Malaysia, Apurva Sanghi.