Akmal Nasrullah Expects Malaysia, Turkmenistan To Seal Hydrocarbons Cooperation Pact On June 19

KUALA LUMPUR, June 11 (Bernama) -- Malaysia and Turkmenistan are expected to sign a long-term hydrocarbons cooperation agreement on June 19 as part of efforts to strengthen the country’s energy supply chain, said Deputy Economy Minister Akmal Nasrullah Mohd Nasir.

KLCI Futures Close Mixed, Tracking Cash Market Performance

KUALA LUMPUR, June 11 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended mixed today, reflecting the performance of the underlying cash market.

MPRC Should Be Lead Agency For Malaysia's OGSE Sector - Akmal Nasrullah

KUALA LUMPUR, June 11 (Bernama) — The Malaysia Petroleum Resources Corporation (MPRC) should serve as the lead agency for Malaysia’s oil and gas services and equipment (OGSE) sector in building company capabilities, expanding market access, and converting international opportunities into effective business outcomes.

Gold Futures Extend Losses Amid Rate Hike Concerns

KUALA LUMPUR, June 11 (Bernama) -- Gold futures on Bursa Malaysia Derivatives extended their losses to close lower on Thursday, tracking softer US COMEX performance as market sentiment was weighed down by growing concerns over the Federal Reserve interest rate hike following higher inflation.

Ringgit Closes Slightly Higher Against US Dollar, Major Currencies

By Danni Haizal Danial Donald

KUALA LUMPUR, June 11 (Bernama) -- The ringgit ended slightly higher against the greenback and other major currencies on Thursday, shrugging off the impact of stronger-than-expected US inflation data for May.

Rubber Market Ends Higher As It Tracks Regional Gains

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 11 (Bernama) -- The Kuala Lumpur rubber market ended higher on Thursday, buoyed by gains in regional rubber futures markets and crude oil.

Govt Targets 15 Pct Increase In Wood-based Exports This Year

By Kamarul Halim M. Kamal

MUAR, June 11 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) is targeting an increase of 15 per cent in the country's exports of wood-based products this year following the sector's encouraging performance, which recorded an export value of RM14.6 billion last year.

B15 Biodiesel Rollout Could Ease Inflation, Reduce Fiscal Burden -- CGS International

KUALA LUMPUR, June 11 (Bernama) -- The government’s initiative to roll out B15 biodiesel blends makes strategic sense as a cheaper feedstock can dampen domestic inflation and reduce fiscal costs, said CGS International Securities Malaysia Sdn Bhd.

Bursa Malaysia Posts Slight Gains At Close On Selective Buying

By Harizah Hanim Mohamed

KUALA LUMPUR, June 11 (Bernama) -- Bursa Malaysia ended marginally higher after trading within a narrow range, supported by selective buying that offset profit-taking activities.

Malaysia’s Automotive Industry Must Move Up The Value Chain To Drive Future Mobility

KUALA LUMPUR, June 11 (Bernama) -- Malaysia’s local automotive industry must continue moving up the value chain, not merely as assemblers or distributors, but as developers of technology, services and solutions for the regional market as the mobility landscape continues to evolve.

Smartstream Cuts CTSL Reconciliation Time To Under Five Minutes

KUALA LUMPUR, June 11 (Bernama) -- Smartstream, a data solutions provider, announced that Comrade Trustee Services Limited (CTSL) has gone live with Smartstream’s Air, the artificial intelligence (AI) reconciliation and data automation solution, reducing processing times from eight hours to under five minutes.

Mavenir, O2 Trial Technology To Improve Calls For People With Hearing Loss

KUALA LUMPUR, June 11 (Bernama) -- Mavenir has partnered with Virgin Media O2 on a proof-of-concept trial of network-based technology designed to improve phone call clarity for people with hearing loss, with nearly 90 per cent of participants reporting clearer calls.