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Renewed Bargain Hunting Lifts Bursa Malaysia, CI Up 1.25 Pct

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 1 (Bernama) -- Bursa Malaysia started the final month of the year on a firmer footing, with the key index climbing 1.25 per cent at Monday’s close, supported by renewed bargain hunting and year-end portfolio rebalancing by institutional investors.  

North Atlantic France Completes Acquisition Of Esso S.A.F., ExxonMobil Chemical France

KUALA LUMPUR, Dec 1 (Bernama) -- North Atlantic France SAS (North Atlantic France) announced the successful closing of its acquisition of an 82.89 per cent controlling interest in Esso Société Anonyme Française SA (Esso S.A.F.) at 26.19 euros per share and 100 per cent of ExxonMobil Chemical France SAS (EMCF) from ExxonMobil France Holding SAS (ExxonMobil), following a competitive auction process initiated in 2024. (1 Euro = RM4.79)

Ringgit Opens Unchanged As Traders Await FOMC Outcome

KUALA LUMPUR, Dec 1 (Bernama) -- The ringgit opened unchanged against the US dollar today as traders adopted a wait-and-see stance ahead of the United States (US) Federal Open Market Committee (FOMC) meeting next week.

CPO Futures To Remain Slightly Bullish Next Week On Weather Concerns

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 29 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain slightly bullish next week due to weather-related factors, a trader said.

Strong Industrial Base Driving Penang’s Rise In Renewable Energy – MPSEA

By Farhana Poniman

GEORGE TOWN, Nov 30 (Bernama) — Penang is on track to become one of Malaysia’s leading states in renewable energy adoption, particularly in solar power, driven by its robust industrial base and rising sustainability awareness.

AirAsia Completes EASA Mandated Requirements, Operations Back To Normal

KUALA LUMPUR, Nov 30 (Bernama) -- AirAsia Aviation Group has completed the required software rollback on its operational A320 Family, in full compliance with the Emergency Airworthiness Directive (AD) issued by the European Union Aviation Safety Agency (EASA) following an Alert Operators Transmission from Airbus.

Malaysia's October Exports Due To Winning Multi-Market Strategy -- Economist

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Nov 30 (Bernama) -- Malaysia’s record export growth in October, rising 15.7 per cent year-on-year to RM148.32 billion, the highest ever, highlights the success of its geoeconomic hedge strategy, said IPPFA Sdn Bhd director and country economist Mohd Sedek Jantan.

ASEAN Must Deepen Intra-regional Trade To Stay Competitive - Singapore Foreign Minister

From Hasnah Jusid

SINGAPORE, Nov 29 (Bernama) -- ASEAN must strengthen intra-regional trade and enhance economic connectivity to adapt to a rapidly changing global landscape, said Singapore’s Foreign Affairs Minister Dr Vivian Balakrishnan.

Ringgit Seen To Trade Within RM4.12-RM4.14 Next Week

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 29 (Bernama) -- The ringgit is expected to hold steady within RM4.12 to RM4.14 next week as traders and investors remain cautious ahead of the US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meeting in December.

Rubber Market Likely To Trade Sideways With An Upside Bias Next Week

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 29 (Bernama) -- The Malaysian rubber market is expected to trade sideways with a slight upward bias in cautious mode next week.

Ringgit Ends Firmer Vs Greenback As Expectations Rise For US Interest Rate Cut

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 28 (Bernama) -- The ringgit extended its gains to close marginally higher against the US dollar on Friday on the rising expectations for a cut in US interest rates in December.