LATEST NEWS   The investment is similar to what other countries have undertaken to facilitate the restructuring of their critical industry players like Singapore's Sembcorp and South Korea's Daewoo Shipbuilding - PNB | The investment is critical in facilitating the completion of one of the largest debt restructuring exercises in Malaysia, involving some of the largest banks - PNB | The investment will help prevent the liquidation of SEB, which would result in the fire sale of strategic national oil and gas assets, domestically and globally - PNB | SEB has more than 2,000 vendors, many of which are SMEs employing about 59,000 core employees in the oil and gas industry - PNB | Investment by Malaysia Development Holdings Sdn Bhd in SEB will be exclusively used to repay local vendors, without benefitting any existing SEB shareholders or financial creditors - PNB | 

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Nikkiso CE&IG Receives Ammonia Fuel Supply System Approval From ABS

KUALA LUMPUR, Sept 30 (Bernama) -- Nikkiso Clean Energy & Industrial Gases (CE&IG), part of Nikkiso Co Ltd Industrial Division has received approval in principle (AIP) from ABS for a new ammonia fuel supply system (FSS).

Ringgit Extends Gains, Opens At 4.1150 Vs US Dollar 

KUALA LUMPUR, Sept 30 (Bernama) -- The ringgit extended last week's gains, opening stronger against the US dollar on Monday, supported by ongoing positive sentiment towards the local currency, an analyst said.

Economist Hopes For Improvements To International Trade Policies In Budget 2025

By Zarul Effendi Razali

KUALA LUMPUR, Sept 29 (Bernama) -- An economist hopes the government will announce initiatives to improve Malaysia’s international trade policies, especially within the ASEAN region, when tabling Budget 2025 as part of the efforts to spur further economic growth.

Gold Futures To Trade In Consolidation Mode Next Week

KUALA LUMPUR, Sept 28 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is likely to trade in consolidation mode next week ahead of the release of United States (US) economic data next week, said an analyst. 

Bursa Malaysia Likely To Rebound Next Week

KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia is expected to stage a rebound next week, driven by spillover effects from the robust rallies in both China and the United States (US) markets.

CPO Futures Likely To Trade Sideways Next Week

KUALA LUMPUR, Sept 28 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways next week, as traders are searching for market factors due to the coming Golden Week holidays in China, a dealer said.

Ringgit Set For Further Appreciation Amid Cautious Outlook On US Economic Data

KUALA LUMPUR, Sept 28 (Bernama) -- The ringgit is expected to continue appreciating next week, despite traders remaining cautious about key United States economic indicators, said an analyst.

Ringgit Expected To Remain Strong, Driven By Economic Growth - Amir Hamzah

SEPANG, Sept 27 (Bernama) -- The ringgit is expected to continue strengthening, supported by the government's ongoing efforts to enhance economic activity and attract investments into the country.

Gold Futures End Weaker Ahead Of Upcoming US Economic Data

KUALA LUMPUR, Sept 27 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives retreated on Friday, ahead of the United States’ economic data set to be released next week.

Ringgit Among Top Global Currencies, Soars To 4.12 Vs Greenback

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 27 (Bernama) -- The ringgit soared to 4.12 against the US dollar on Friday, emerging as one of the top-performing currencies globally.

TikTok Shop Records 2.2 Times Sales Growth In 1H 2024

KUALA LUMPUR, Sept 27 (Bernama) -- TikTok Shop saw a 2.2 times growth in sales, a 1.8 times increase in sellers, and a 1.8 times rise in affiliate creators year-over-year in the first half (1H) of 2024.

China, Japan, Korea To Channel Technical Expertise To ASEAN For Development Of RE - Fadillah

From Norsyafawati Ab Wahab

VIENTIANE (LAOS), Sept 27 (Bernama) -- Japan, South Korea and China have agreed to channel technical expertise to ASEAN to empower the development of the renewable energy (RE) and clean energy sector.