MIDF Expects Malaysia's Production Activities To Continue To Grow In Coming Months

KUALA LUMPUR, Oct 2 (Bernama) -- Despite concerns over slower factory activities, MIDF Amanah Investment Bank Bhd (MIDF) expects Malaysia’s production activities to continue to grow in the coming months. 

Oracle to Invest More Than US$6.5 Bln in AI and Cloud Computing In Malaysia

KUALA LUMPUR, Oct 2 (Bernama) -- Oracle today announced that it plans to invest more than US$6.5 billion (US$1 = RM4.15) to open a public cloud region in Malaysia to meet the rapidly growing demand for its artificial intelligence (AI) and cloud services here.

Ringgit Retreats To Open Lower Vs US Dollar

KUALA LUMPUR, Oct 2 (Bernama) -- The ringgit took a breather from recent gains to open lower against the US dollar today, weighed by a risk-off sentiment amid heightened global geopolitical tension, an analyst said.

IILM Reissues US$1.14 Bln Short-term Sukuk

KUALA LUMPUR, Oct 1 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of an aggregate US$1.14 billion (US$1=RM4.1530) short-term sukuk across tenors of one, three, and 12 months, respectively.

Ringgit Retreats On Profit-taking As Hopes For Another Oversized US Interest Rate Cut Fade

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 1 (Bernama) --The ringgit closed lower against the US dollar on Tuesday on profit-taking after recent sharp gains, in line with other regional currencies, as the United States signalled a lower interest rate cut going forward.

UMC, Ngee Ann Polytechnic Team Up To Amplify Semiconductor Talent Pipeline

KUALA LUMPUR, Oct 1 (Bernama) -- United Microelectronics Corporation (UMC), a global semiconductor foundry, has signed a memorandum of understanding (MoU) with Ngee Ann Polytechnic (NP) to enhance training for engineering talents and expand the workforce for the growing semiconductor industry.

National Cloud Policy Forthcoming, To Focus On Four Key Areas -- PM Anwar

KUALA LUMPUR, Oct 1 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said that the National Cloud policy will be forthcoming, emphasising on the four core areas of public service innovation and efficiency; economic competitiveness and growth; fuelling economic expansion by enabling businesses, strengthening user trust and data security; and empowering citizens through digital inclusivity.

Anwar Attends Google’s US$2 Bln Data Centre Groundbreaking

KUALA LUMPUR, Oct 1 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today attended Google's groundbreaking ceremony for its US$2 billion (US$1 = RM4.12) data centre and cloud region in Malaysia, held at the inaugural “Mantap Malaysia Bersama AI” event.

CPO Futures Ends Lower As Stronger Ringgit Curbs Palm Oil Demand

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Sept 30 (Bernama) -- Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday as stronger ringgit seemed to curb further demand for palm oil, said a dealer.

Malaysia-designed Thada EV Motorcycles Rev Up Market Momentum in Cambodia

From Vijian Paramasivam

PHNOM PENH, Sept 30 (Bernama) --  Malaysia-owned MCLS Synergy Co. Ltd is aspiring to expand its share in Cambodia's growing green transportation system with its Thada brand electric motorcycles.

Yinson's 2Q FY2025 Net Profit Falls To RM203 Mln

KUALA LUMPUR, Sept 30 (Bernama) -- Yinson Holdings Bhd posted a lower net profit of RM203 million during the second quarter (2Q) ended July 31, 2024 (FY 2025), compared with RM230 million in the same quarter last year.

MAVCOM Reports 32 Pct Drop In Complaints For 1H2024

KUALA LUMPUR, Sept 30 (Bernama) -- The Malaysian Aviation Commission (MAVCOM) received 2,083 complaints in the first half of 2024 (1H2024), a 32 per cent decrease from 3,063 complaints in the same period last year.