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Bursa Malaysia Ends Lower On Profit-Taking In Oil-Related Counters

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 29 (Bernama) -- Bursa Malaysia ended on a softer note today, as investors took profit in oil-related counters following news of the United Arab Emirates’ (UAE) decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies.

MOF Mulls More Targeted Diesel Subsidy Mechanism For Sabah, Sarawak -- Fahmi

KUALA LUMPUR, April 29 (Bernama) -- The Ministry of Finance (MOF) is studying the implementation of a more targeted diesel subsidy mechanism, similar to BUDI95, for Sabah and Sarawak, said MADANI government spokesperson Datuk Fahmi Fadzil.

Understanding Supply Chain Shocks Amid Hormuz Disruptions is ASEAN's Key Challenge

KUALA LUMPUR, April 29 (Bernama) -- Understanding how global energy shocks transmit through production and supply chain networks is the key policy challenge for ASEAN economies, particularly in the wake of disruptions linked to the Iran-Strait of Hormuz.

HOK Strengthens Sports, Recreation And Entertainment Practice With ROSSETTI Acquisition

KUALA LUMPUR, April 29 (Bernama) -- HOK has announced the acquisition of ROSSETTI, a Detroit-based architecture firm, to strengthen its position as one of the leading sports, recreation and entertainment design practices.

Abaxx Launches First Gold Spot Trade

KUALA LUMPUR, April 29 (Bernama) -- Abaxx Technologies Inc (Abaxx) has announced the execution of the first trades on its Abaxx Spot Gold Pool, marking the operational debut of its physical gold marketplace.

Labuan Corp Advisory Council Urges CVLB To Set Up Labuan Branch To Boost Transport, Logistics Industry

LABUAN, April 29 (Bernama) -- The Commercial Vehicles Licensing Board (CVLB) has been urged to establish a branch here to facilitate dealings by transport and logistics companies operating on the island.

Anaqua Expands IP Management Platform With Patrix Acquisition

KUALA LUMPUR, April 29 (Bernama) -- Anaqua, an innovation and intellectual property (IP) management technology and services provider, has announced the acquisition of Patrix, welcoming about 400 IP management software (IPMS) customers into its client community.

AM Best Affirms Guild Insurance Credit Ratings At Excellent

KUALA LUMPUR, April 29 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Australia’s Guild Insurance Limited (GIL), with the outlook for both credit ratings (ratings) remaining stable.

DutyFreeZone Opens Early Enrolment For Global Duty-Free Platform

KUALA LUMPUR, April 29 (Bernama) -- DutyFreeZone.com (DFZ) has launched its early enrolment programme for vendors, premium brands, suppliers and investors, advancing plans to build what it describes as the world’s first fully digital global duty-free marketplace.

Mavenir Packet Core Goes Live With Japan's Rakuten Mobile

KUALA LUMPUR, April 29 (Bernama) -- Mavenir, the software company building artificial intelligence (AI)-by-design mobile networks, announced that its Converged Packet Core is now live in Rakuten Mobile’s nationwide mobile network, deployed on Rakuten Cloud Platform.

JPMorganChase Named First Olympic Games Banking Partner

KUALA LUMPUR, April 29 (Bernama) -- United States (US)-based financial services firm, JPMorgan Chase & Co (JPMorganChase) and The International Olympic Committee (IOC) have announced a landmark Worldwide Olympic Partnership, making JPMorganChase the first Global Banking Partner in Olympic history.

Sharp Malaysia Enhances Consumer Engagement Via Japan's Nojima Tie-up

KUALA LUMPUR, April 29 (Bernama) -- Sharp Electronics (Malaysia) Sdn Bhd is enhancing consumer engagement via its collaboration with Japanese electrical appliances retailer Nojima Malaysia, alongside plans to expand its broader Japanese brand ecosystem.