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Petroluxe To Invest RM3 Bln In Oil Refinery And Petrochemical Complex In Pahang

KUANTAN, Nov 13 (Bernama) -- Petroluxe Refinery (M) Sdn Bhd (Petroluxe), which is owned by investors from China, is expected to invest about RM3 billion to develop an integrated oil refinery and petrochemical complex on 23.96 hectares located in the Gebeng Industrial Area.

MITI's Approach At APEC To Ensure a Resilient Global Economy - Tengku Zafrul

By M. Saraswathi

LIMA (Peru), Nov 13 (Bernama) -- The Ministry of Investment, Trade and Industry’s (MITI) strategic approach to the 31st Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week (AELW) 2024 includes ensuring a resilient and inclusive global economy.

CPO Futures Close Lower On Weaker Export

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 13 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday, reversing recent gains as a slowdown in exports weighed on prices, a dealer said.

Malaysia To Ensure Its CCUS Industry Takes Off As Soon As Possible - Rafizi

PUTRAJAYA, Nov 13 (Bernama) -- Malaysia must ensure its carbon capture, utilisation, and storage (CCUS) industry takes off as soon as possible amid increasing competition from other countries, said Economy Minister Rafizi Ramli. 

Ahmad Zahid Arrives In UAE For Seven-day Official Visit

From Zarul Effendi Razali

ABU DHABI, Nov 13 (Bernama) -- Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has arrived at the United Arab Emirates (UAE) for his first official visit to the gulf country.

PM Anwar To Meet Peruvian President, Captains Of Industry

From M. Saraswathi

LIMA (Peru), Nov 13 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim is scheduled to meet the President of Peru, Dina Ercilia Boluarte Zegarra, at the Government Palace here on the second day of his official visit to the South American country.

Madani Economic Framework Initiatives To Be Key Focus In Ahmad Zahid's Official Visit To UAE

From Zarul Effendi Razali

ABU DHABI, Nov 13 (Bernama) -- Various initiatives under the MADANI Economic Framework, among other matters, will be highlighted during Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi’s seven-day official visit to the United Arab Emirates (UAE), which started today.

Sabah GLCs Ink Agreement For SBH Kibing RM7.2 Bln Solar Glass Plant

KOTA KINABALU, Nov 13 (Bernama) -- In a significant step towards bolstering Sabah's renewable energy infrastructure, two Sabah government-linked companies (GLCs) have signed agreements with SBH Kibing Solar New Energy (M) Sdn Bhd for the development of a RM7.2 billion solar glass manufacturing plant in Kimanis.

Gold Futures Rebound To Finish Higher

KUALA LUMPUR, Nov 13 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher today ahead of the United States (US) inflation data for October, mirroring gains in the US COMEX gold market.

FBM KLCI Futures End Higher

KUALA LUMPUR, Nov 13 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended higher today. 

Bank Muamalat, CGC Launch First 'Halal Portfolio Guarantee-i Scheme' To Support SMEs

KUALA LUMPUR, Nov 13 (Bernama) -- Bank Muamalat Malaysia Bhd has launched the first “Halal Portfolio Guarantee-i Scheme” in collaboration with Credit Guarantee Corporation Malaysia Bhd (CGC) to provide a robust financial safety net for small and medium enterprises (SMEs) in Malaysia.

Ringgit Continues To End Lower Vs US Dollar

By Anas Abu Hassan

KUALA LUMPUR, Nov 13 (Bernama) --  The ringgit slipped against the greenback for a third consecutive day following the rise in the US Dollar Index (DXY) ahead of the US inflation data release tonight, an economist said.