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IJM Shares Down In Early Trade, Sunway's IJM Takeover Attempts Lapse

KUALA LUMPUR, April 7 (Bernama) -- Share prices of IJM Corporation Bhd declined in early trade on Tuesday, while Sunway Bhd shares were marginally higher as Sunway’s conditional voluntary general offer (VGO) had lapsed after failing to meet the condition of securing over 50 per cent shareholders’ acceptance level in IJM.  

West Asia Crisis: Fuel Cost Spike 'Neutral' For Malaysia's Utility Players - Kenanga IB

KUALA LUMPUR, April 7 (Bernama) -- The recent spike in fuel costs due to the West Asia crisis is expected to be “neutral” for most utility players, given the established fuel-cost pass-through mechanisms, according to Kenanga Investment Bank Bhd (Kenanga IB).

Bumi Armada Eases In Early Trade As CEO Steps Down

KUALA LUMPUR, April 7 (Bernama) -- Offshore production and support services provider Bumi Armada Bhd eased in early trade today after Gary Neal Christenson stepped down from his roles as chief executive officer (CEO), as a member of the company’s board of directors, as well as those of its subsidiaries and joint-controlled entities, with immediate effect. 

Bursa Malaysia Opens Higher, Tracking Wall Street Gains

KUALA LUMPUR, April 7 (Bernama) -- Bursa Malaysia rebounded to open higher on Tuesday, tracking overnight gains on Wall Street.

Ringgit Flat Against Us Dollar, Firmer Versus Major Currencies

KUALA LUMPUR, April 7 (Bernama) -- The ringgit opened little changed against the US dollar but strengthened against major currencies on Tuesday, as market sentiment remained cautious ahead of US President Donald Trump’s deadline on the reopening of the Strait of Hormuz.

MIGHT, PNSB Ink MoC To Drive Selangor High-Tech Industry Forward

SHAH ALAM, April 6 (Bernama) -- The Malaysian Industry‑Government Group for High Technology (MIGHT) and Permodalan Negeri Selangor Berhad (PNSB) today inked a Memorandum of Collaboration (MoC) to further accelerate high‑tech industry development and attract strategic investments to Selangor.

Govt Views Impact Of Global Energy Crisis On SMEs, Health Industry Seriously -- Akmal Nasrullah

KUALA LUMPUR, April 6 (Bernama) -- The government is taking the impact of the global energy crisis on various industry players, particularly micro, small and medium enterprises (MSMEs) and the healthcare sector, seriously, said Minister of Economy Akmal Nasrullah Mohd Nasir.

Reneuco Faces Suspension, Delisting As Bursa Rejects Extension To Submit Regularisation Plan

KUALA LUMPUR, April 6 (Bernama) -- Reneuco Bhd is facing the risk of suspension and subsequent delisting after Bursa Malaysia Securities Bhd rejected its application for a further extension of time to submit its regularisation plan.

West Asia Volatility Reinforces Need To Keep Internet Traffic Local, Says MyIX

KUALA LUMPUR, April 6 (Bernama) -- The volatility in West Asia has reinforced the need for Malaysia to keep internet traffic local amid growing concerns over the resilience of international connectivity and the risks of external disruptions to critical digital infrastructure, said the Malaysia Internet Exchange (MyIX) chairman, Chiew Kok Hin.

Sunway, IJM Takeover Lapses After Failing To Meet 50 Pct Voting Shares

KUALA LUMPUR, April 6 (Bernama) -- Sunway Bhd’s takeover offer for IJM Corporation Bhd has lapsed after failing to meet more than 50 per cent of the voting shares, said Maybank Investment Bank Bhd (Maybank IB).

MNRB Holdings’ Sukuk Ratings Reaffirmed; Medium-Term Notes Upgraded

KUALA LUMPUR, April 6 (Bernama) -- MNRB Holdings Bhd has had the AA3 and A1 ratings on its RM420 million senior sukuk and subordinated sukuk, respectively, reaffirmed by RAM Rating Services Bhd.

Gold Futures End Higher, Tracking US COMEX Gains

KUALA LUMPUR, April 6 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today, tracking gains on the United States COMEX gold market.