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RHB Gets BNM Approval To Start Tokio Marine Talks

KUALA LUMPUR, May 11 (Bernama) -- RHB Bank Bhd said its unit, RHB Investment Bank Bhd, has received no objection from Bank Negara Malaysia to begin talks with Tokio Marine Asia Pte Ltd on the proposed disposal of up to a 100 per cent stake in RHB Insurance Bhd.

CPO Futures Close Higher On Soybean Oil Gains

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, May 11 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, tracking gains in Chicago Board of Trade (CBOT) soybean oil prices, a trader said.

Ringgit Closes Higher Against Regional Peers

By Abdul Hamid A Rahman

KUALA LUMPUR, May 11 (Bernama) -- The ringgit closed higher against regional peers and was firmer versus most major currencies today as investors monitored developments in the United States-Iran negotiations and upcoming US-China talks.

Permaju Unit to Cease Ford Dealership Business

KUALA LUMPUR, May 11 (Bernama) -- Permaju Industries Bhd's wholly-owned subsidiary Capital Intertrade Sdn Bhd (CISB) is ceasing its Ford dealership operations, having served a notice of company closure and surrender of operations to Sime Darby Auto ConneXion Sdn Bhd (Sime Darby Auto).

Glomac Unveils 16 Legacy Project With GDV Of RM21 Mln

KUALA LUMPUR, May 11 (Bernama) -- Glomac Bhd has unveiled 16 Legacy, an exclusive collection of 16 semi-detached houses in Saujana Rawang with an estimated gross development value (GDV) of approximately RM21 million.

Bursa Malaysia Reprimands Ireka, Seven Former Directors, Imposes RM425,000 In Fines

KUALA LUMPUR, May 11 (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded Ireka Corp Bhd (Ireka) and seven of its former directors for breaches of the Bursa Malaysia Securities Main Market Listing Requirement, while imposing total fines of RM425,000 on the directors.

Late Selling Pushes Bursa Malaysia Into Negative Territory At Close

By Siti Noor Afera Abu

KUALA LUMPUR, May 11 (Bernama) -- Late selling pressure dragged Bursa Malaysia into negative territory at the close, reversing earlier gains as profit-taking in heavyweight banking and transportation counters dampen overall market sentiment.

CYNREN Formed To Serve Family Offices, Funds, Institutions

KUALA LUMPUR, May 11 (Bernama) -- CYNREN has launched as an independent international advisory firm focused on the intersection of capital, technology and geopolitics.

Rubber Market Ends Lower On Weaker Regional Futures

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, May 11 (Bernama) -- The Kuala Lumpur rubber market ended lower on Monday, weighed down by regional rubber futures despite firmer crude oil prices, a trader said.

AM Best Assigns Excellent Credit Ratings To Tokio Marine Newa Insurance

KUALA LUMPUR, May 11 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to Taiwan’s Tokio Marine Newa Insurance Co Ltd (TMNewa), with a stable outlook.

139th Canton Fair Draws Record Overseas Buyers

KUALA LUMPUR, May 11 (Bernama) -- The 139th Canton Fair in Guangdong Province concluded with a record number of overseas buyers, underscoring continued global demand for Chinese products and manufacturing innovation.

TSplus Showcases Global Strategy At Annual International Meeting In Greece

KUALA LUMPUR, May 11 (Bernama) -- TSplus, a French software company, centred its annual International Meeting on collaboration and shared purpose during a six-day event held in Greece.