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Malaysia Well-positioned To Capture Hormuz Diversions, But Efficiency Crucial -- Experts

KUALA LUMPUR, April 26 (Bernama) -- Malaysia is well-positioned to absorb any increase in redirected trade flows through the Strait of Melaka if shippers decide on alternative routes to avoid the conflict-stricken Strait of Hormuz.

EcoWorld Unit Disposes Of Industrial Land In Johor For RM280.8 Mln

KUALA LUMPUR, April 24 (Bernama) -- Eco World Development Group Bhd’s unit, Eco Business Park 6 Sdn Bhd, has sold two parcels of industrial land in Kulai, Iskandar Malaysia, Johor, to KNBDC Malaysia Five Sdn Bhd for RM280.8 million.

Ringgit Ends Higher Vs Most Major Currencies, Flat Against US Dollar

KUALA LUMPUR, April 24 (Bernama) -- The ringgit closed higher against most major currencies on Friday, while remaining stable versus the US dollar.

Stronger Collaboration Key To Boost Malaysia’s OGSE Resilience Amid Global Uncertainty

By Karina Imran

KUALA LUMPUR, April 24 (Bernama) -- Malaysia’s energy security continues to be underpinned by a resilient ecosystem involving multiple stakeholders, particularly oil and gas services and equipment (OGSE) players that remain a crucial component of the industry’s value chain.

Bursa Malaysia Ends Slightly Lower In Line With Weaker Regional Peers

KUALA LUMPUR, April 24 (Bernama) -- Bursa Malaysia closed marginally lower in line with the weaker performance of regional peers as investors refrained from taking long positions ahead of the weekend.

Atlas Copco Group Invests Tens Of Mlns In New Shah Alam Hub

SHAH ALAM, April 24 (Bernama) -- Atlas Copco Group has invested tens of millions in a new headquarters and integrated facility in Alam Impian here, as part of its expansion in Malaysia and Southeast Asia.

Vietnam’s BMI Ratings Placed Under Review With Negative Implications - AM Best

KUALA LUMPUR, April 24 (Bernama) -- AM Best has placed under review with negative implications the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb” (Good), and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of Bao Minh Insurance Corporation (BMI).

IceKredit Contributes AI Insights At 3rd RAPA Meeting In Hanoi

KUALA LUMPUR, April 24 (Bernama) -- The third Regional Asian Post Alliance (RAPA) Meeting was held in Hanoi, Vietnam, bringing together postal authorities from Vietnam, Thailand and Indonesia to discuss regional cooperation in logistics, digital commerce and retail connectivity.

IceKredit Calls For Stronger ASEAN Alignment On AI Governance, Adoption

KUALA LUMPUR, April 24 (Bernama) -- IceKredit Chief Growth Officer Kong Chinang called for stronger regional alignment across policy, industry and education to support sustainable and responsible artificial intelligence (AI) adoption in Southeast Asia.

Slovakia, Finland Target Malaysia’s Artillery To Expand Defence Exports

By Kisho Kumari Sucedaram and Nabilah Saleh

KUALA LUMPUR, April 22 (Bernama) -- Slovakia is intensifying its push to secure a role in Malaysia’s ongoing armed forces modernisation efforts, with Konstrukta Defence positioning its EVA M3 6x6 artillery system as part of a broader strategy to expand export revenues and establish a long-term industrial presence in the country.

Poland Eyes Malaysia As Regional Hub For Cooperation, Sees Huge Potential In High-tech, Defence

By Kisho Kumari Sucedaram

KUALA LUMPUR, April 23 (Bernama) -- Poland sees strong potential to expand its economic and investment footprint in Malaysia, particularly in high-technology, defence and dual-use sectors, positioning the country as a strategic gateway to the wider Southeast Asia region.

Ringgit Ends Mixed As Investors Turn To Safe-haven Assets

By Siti Noor Afera Abu

KUALA LUMPUR, April 23 (Bernama) -- The ringgit ended mixed against a basket of currencies on Thursday, as investors continued to buy safe-haven assets.