LATEST NEWS   At 6 pm, the ringgit rose to 4.0555/0600 versus the US dollar from Thursday’s close of 4.0650/0690 | MAG group CEO Captain Nasaruddin A. Bakar's appointment to the IATA board is for a three-year term until 2029 | Malaysia Aviation Group president and group CEO Captain Nasaruddin A. Bakar has been appointed to the IATA board of governors | The peace Malaysia enjoys today demonstrates that religious tolerance and harmony can be achieved - PM Anwar | Religious leaders must address the needs of young people amid growing AI-driven disinformation - Perak Sultan | 

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MAG President And Group CEO Capt Nasaruddin Appointed To IATA Governing Board For 3-year Term

KUALA LUMPUR, June 12 (Bernama) -- Malaysia Aviation Group (MAG) president and group chief executive officer Captain Nasaruddin A. Bakar has been appointed to the board of governors of the International Air Transport Association (IATA) during its 82nd annual general meeting in Rio de Janeiro, Brazil.

Attractive Valuations Drive Buying, Bursa Malaysia Ends Higher

KUALA LUMPUR, June 12 (Bernama) -- Selected blue-chip counters trading at attractive valuations helped Bursa Malaysia close higher on Friday, despite cautious market sentiment driven by developments in West Asia, volatility in crude oil prices and uncertainty over the global interest rate outlook.

Pyxis Group, Principia Consulting Partner CommodityAI To Modernise Commodity Operations

KUALA LUMPUR, June 12 (Bernama) -- Pyxis Group, a global advisory firm, together with its joint venture partner Principia Consulting, announced a strategic partnership with CommodityAI, the agentic artificial intelligence (AI) platform purpose-built for physical commodity operations.

Singapore Launches Standards And Conformance 2035 Roadmap To Boost Global Competitiveness

By Anas Abu Hassan

SINGAPORE, June 12 (Bernama) -- Singapore has unveiled the Standards and Conformance (S&C) 2035 roadmap to guide businesses in competing and growing in an increasingly complex global environment.

Galatek Opens Penang Facility, Commits To US$100 Mln Investment Within 5 Years

BUTTERWORTH, June 12 (Bernama) -- Galatek Technologies (Galatek) has opened its manufacturing, assembly and delivery facility in Penang, further strengthening Malaysia’s position as a strategic hub for advanced manufacturing and semiconductor industry development.

Global Tech Giants Agibot And Huawei Enter Johor

KULAI, June 12 (Bernama) -- Johor has officially positioned itself as a premier regional force in high-tech investment, securing partnerships with global technology titans, including Huawei and Agibot, to anchor the landmark RM80 billion Johor Tech Smart City project.

AM Best Rates Excellent Credit Ratings For Hong Kong’s SAIC Captive

KUALA LUMPUR, June 12 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Hong Kong’s SAIC Motor Insurance Limited (SAIC Captive).

BizMatch Tokyo Has Potential To Generate Deals Worth RM500 Mln - Sim

KUALA LUMPUR, June 11 (Bernama) -- The Bank Rakyat BizMatch: Make Malaysian Businesses Great programme, which is being held in Tokyo, Japan, in conjunction with the Nikkei Forum: Future of Asia 2026, is expected to generate business deals worth more than RM500 million in the next 12 months.

Boost Grassroot Level Preparations For El-Nino Phenomenon --Anwar

KUALA LUMPUR, June 11 (Bernama) – Being prepared at the grassroots level for the El Niño phenomenon needs to be strengthened as preventive measures and early groundwork are the best defence against the increasingly unpredictable impacts of extreme weather.

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.

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.

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.