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Ringgit Opens Higher Against US Dollar, Mixed Versus Peers

KUALA LUMPUR, April 29 (Bernama) -- The ringgit strengthened against the US dollar but was mixed against other currencies in early trade today, amid cautious sentiment over oil price volatility and developments in the Strait of Hormuz, an analyst said.

UAE Leaves OPEC And OPEC+ In Huge Blow To Global Oil Producers' Group

KUALA LUMPUR, April 28 (Reuters) -- The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.

Global Oil Prices Rise On Knee-jerk Reaction Following UAE's Exit From OPEC, OPEC+ 

KUALA LUMPUR, April 28 (Bernama) -- Global crude oil prices rose in a knee-jerk reaction following news that the United Arab Emirates (UAE) has left the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.

Avaland Unit Acquires Taman U-Thant Land For RM86 Mln

KUALA LUMPUR, April 28 (Bernama) -- Avaland Bhd’s wholly owned subsidiary Nexus Advertising Sdn Bhd has entered into a conditional sale and purchase agreement with Tong Ah Company Sdn Bhd to acquire freehold land at Taman U-Thant here for RM86.04 million.

MDEC Marks 30th Anniversary With Programmes To Advance AI-driven Digital Economy

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, April 28 (Bernama) -- The Malaysia Digital Economy Corporation (MDEC) is rolling out a series of programmes aimed at strengthening Malaysia’s digital economy and advancing its transition into an artificial intelligence (AI)-driven nation.

ASNB Launches Pandu Impianmu 2.0 Campaign With Prizes Worth RM875,000

KUALA LUMPUR, April 28 (Bernama) -- Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has launched the Pandu Impianmu 2.0 Campaign offering prizes worth RM875,000.

Malaysia's Rising MHIT Costs Mainly Driven By Higher Healthcare Use -- World Bank

KUALA LUMPUR, April 28 (Bernama) -- Cost pressures in Malaysia’s medical and health insurance/takaful (MHIT) sector are driven mainly by higher utilisation of healthcare services and misaligned incentives, rather than sharp increases in treatment prices, according to a World Bank Group report.

KLCI Futures Close Higher

KUALA LUMPUR, April 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed higher today, in line with the steady cash market’s performance.

Bursa Malaysia Ends At Intraday High On Improved Local Sentiment

KUALA LUMPUR, April 28 (Bernama) -- Bursa Malaysia rose 0.71 per cent to end at the day’s high on the back of improving local sentiment and selective buying in index-linked counters following the recent pullback.

Audiencerate, Microsoft, Postel Unite On AI Platform For Italian SMEs

KUALA LUMPUR, April 28 (Bernama) -- Audiencerate has joined as a technology partner in the Microsoft and Postel collaboration focused on the digitalisation of Italian businesses.

Aerospace Industrial Development In Sepang To Drive IDRISS Transformation

SHAH ALAM, April 28 (Bernama) -- A proposed aerospace-focused industrial development in Sepang, Selangor, is set to become a key catalyst in supporting regional transformation under the Integrated Development Region in South Selangor (IDRISS) framework.

Rubber Market Lower Over Expectations Of Supply Increase, Concerns Over China's Zero-Tariff Policy

By K. Naveen Prabu

KUALA LUMPUR, April 28 (Bernama) -- The Kuala Lumpur rubber market closed lower today, weighed by expectations of increased supply post-winter, a trader said.