MIDF Amanah: Strait Of Hormuz Closure Poses Limited Risk To Malaysia

KUALA LUMPUR, June 26 (Bernama) -- The possible closure of the Strait of Hormuz following the recent Iranian parliamentary vote poses limited risk to Malaysia, said MIDF Amanah Investment Bank Bhd.

HLIB Expects Fiscal Deficit To Narrow To 3.8 Pct in 2025

KUALA LUMPUR, June 26 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects the fiscal deficit to be narrowed to 3.8 per cent this year (2024: -4.1 per cent), as announced in Budget 2025.

Synchronoss Secures EU-US Data Privacy Framework Certification, Bolstering Global Cloud Compliance

KUALA LUMPUR, June 26 (Bernama) -- Synchronoss Technologies Inc (Synchronoss), a global leader and innovator in personal cloud platforms for telecoms, announced it has achieved certification under the EU-US Data Privacy Framework (DPF), a move that underscores its commitment to international data protection standards.

Ringgit Rises Against Greenback, Major Currencies At Close

By Abdul Hamid A Rahman

KUALA LUMPUR, June 25 (Bernama) -- The ringgit ended firmer today, supported by easing geopolitical tensions and weaker United States (US) economic data that continued to pressure the greenback. 

Fortrea, Emery Pharma Team Up On Rifampin Safety Testing For Clinical Trials 

KUALA LUMPUR, June 25 (Bernama) -- Fortrea, a global contract research organisation (CRO), has announced a strategic collaboration with Emery Pharma to provide rapid impurity testing of rifampin used in drug-drug interaction (DDI) studies.

Malaysia’s Trade In Services Up 14.6 Pct To RM497.4 Bln In 2024

KUALA LUMPUR, June 25 (Bernama) -- Malaysia’s total trade in services rose by 14.6 per cent to RM497.4 billion last year from RM434.0 billion in 2023, contributing 25.8 per cent to the gross domestic product (GDP) at current prices.

Gradiant’s alkaLi To Launch First Fully Integrated Lithium Plant In US From Oilfield Water

KUALA LUMPUR, June 25 (Bernama) -- Gradiant, a global water and resource recovery firm, announced it will design, build, own, and operate the world’s first fully integrated lithium production facility utilising oilfield produced water in the Marcellus Shale Formation, Pennsylvania, United States (US).

Data Centre 2.0 Transition Key Towards A Sustainable Digital Sector - MIDA

KUALA LUMPUR, June 25 (Bernama) -- Malaysia’s shift towards Data Centre 2.0 is a crucial step in building a strong foundation for the country’s digital sector growth, said Malaysian Investment Development Authority (MIDA) chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid.

Geopolitical Tensions, Abrupt Airspace Closures Keep Malaysian And Global Airlines On High Alert

KUALA LUMPUR, June 25 (Bernama) -- Malaysia’s aviation sector is on high alert, prioritising safety to avoid a repeat of the downing of Malaysia Airlines flight MH17 more than a decade ago. The heightened caution follows a wave of airspace closures by Arab states after Iran launched a missile strike on a United States (US) base in Qatar.

Ringgit Extends Gains As Fed Signals Rate Hold

KUALA LUMPUR, June 25 (Bernama) -- The ringgit extended its upward momentum to open higher against the US dollar and other major currencies on Wednesday, after the United States (US) Federal Reserve (Fed) signalled it was in no hurry to cut interest rates, opting instead to monitor the economy’s trajectory, an analyst said.

Aircraft Propeller Service Opens First Asian MRO Facility In Shah Alam

SHAH ALAM, June 24 (Bernama) -- Aircraft Propeller Service (APS), a global leader in aircraft propeller maintenance, repair and overhaul (MRO), today opened its new facility Shah Alam, Selangor, marking its first MRO centre in Asia.

Rubber Market Ends Lower On Weak Regional Cues, Oil Price Drop

By K. Naveen Prabu

KUALA LUMPUR, June 24 (Bernama) -- The Malaysian rubber market ended lower today, in tandem with the downtrend in regional rubber futures markets, a dealer said.