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Xiaomi Accelerates Smart Home Expansion Amid Growing Adoption In Malaysia

KUALA LUMPUR, April 8 (Bernama) -- Smart home technology is rapidly gaining traction in Malaysia as more households adopt connected devices to enhance convenience, efficiency and control.

Kingdom Secures First Project Financing For Japan's Mimasaka Facility

KUALA LUMPUR, April 8 (Bernama) -- Kingdom, a battery energy storage system (BESS) platform established by Stonepeak, an alternative investment firm, has executed its first long-term project finance loan facility for its Mimasaka project in Japan.

Saudi Fund For Development Inks US$15 Mln Loan Agreement With Palau

KUALA LUMPUR, April 8 (Bernama) -- The Saudi Fund for Development (SFD) has signed a US$15 million development loan agreement with the Republic of Palau, marking its inaugural development partnership in the Pacific island nation. (US$1=RM3.99)

MBSB IB Positive On Construction Sector On Resilient Demand, Stronger Project Execution

KUALA LUMPUR, April 8 (Bernama) -- MBSB Investment Bank Bhd (MBSB IB) has maintained a positive stance on the construction sector, backed by resilient private sector demand and stronger public project execution.

Bursa Malaysia Higher At The Opening

KUALA LUMPUR, April 8 (Bernama) -- Bursa Malaysia opened higher on Wednesday amid a cautious undertone, in line with most regional markets, after US President Donald Trump suspended planned strikes on Iranian infrastructure for two weeks.  

IILM Prices US$1.335 Bln short-term sukuk amid Global Market Volatility

KUALA LUMPUR, April 7 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of US$1.335 billion in short-term sukuk across five tenors: two weeks, one month, three months, six months and nine months.

Ringgit Closes Nearly Flat Versus Greenback Amid Ongoing West Asia Conflict

KUALA LUMPUR, April 7 (Bernama) -- The ringgit closed almost flat against the US dollar today as investors remained cautious amid the ongoing conflict in West Asia.

AWC Unit Bags RM22.18 Mln Data Centre Job

KUALA LUMPUR, April 7 (Bernama) -- Main Market-listed engineering services group, AWC Bhd, via its wholly-owned subsidiary, Qudotech Sdn Bhd, has inked a RM22.18 million contract from a joint venture contractor (awarder) in relation to a data centre project.

Bursa Malaysia Ends On A Softer Note Amid Escalating West Asia Conflict

KUALA LUMPUR, April 7 (Bernama) -- Bursa Malaysia ended on a softer note, with the benchmarik index extending its decline to a fourth consecutive day, and falling by nearly 2.0 per cent cumulatively over the period, as investors adopted a defensive stance amid escalating geopolitical conflict in West Asia.

Rubber Market Extends Gains On Strong Regional Futures, Oil Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, April 7 (Bernama) -- The Kuala Lumpur rubber market extended its upward momentum to close higher on Tuesday, supported by gains in regional rubber futures, rising crude oil prices, and a slightly weaker ringgit against the US dollar, a dealer said.

Helios Photovoltaic Eyes 33 Mln Euros IPO On Frankfurt Stock Exchange

KUALA LUMPUR, April 7 (Bernama) -- Helios Photovoltaic Sdn Bhd, en route to a listing on the Frankfurt Stock Exchange in Germany, aims to raise 33 million euros (1 euro = RM4.64) from its initial public offering (IPO). 

Bursa Malaysia Continues Downtrend At Mid-Afternoon

KUALA LUMPUR, April 7 (Bernama) -- Bursa Malaysia extended its decline into mid-afternoon trading, mirroring the broader regional weakness, as investors stayed cautious ahead of United States (US) President Donald Trump’s deadline for Iran to reach a peace agreement.