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.
KUALA LUMPUR, May 11 (Bernama) -- India-based Vedanta Limited, a global leader in metals, oil & gas, critical minerals, power and technology, posted a record profit of US$2.8 billion for the financial year ended March 31, 2026, up 22 per cent year-on-year (YoY), driven by structurally strong businesses and disciplined execution. (US$1 = RM3.91)
KUALA LUMPUR, May 11 (Bernama) -- BMI, a unit of Fitch Solutions, expects Bank Negara Malaysia (BNM) to leave the overnight policy rate (OPR) on hold at 2.75 per cent at its next meeting on July 9, following the central bank’s May 7 rate decision.
KUALA LUMPUR, May 11 (Bernama) -- Malaysia’s wholesale and retail trade climbed 9.8 per cent year-on-year in March 2026, with sales worth RM169 billion, supported by strong seasonal consumer demand, according to the Department of Statistics Malaysia (DOSM).
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.
KUALA LUMPUR, May 11 (Bernama) -- Stoneshield Capital has become the second-largest shareholder in Meliá Hotels International (Meliá) with a 9.5 per cent stake, while Stoneshield co-founder, Juan Pepa has been appointed to Meliá’s Board of Directors.
KUALA LUMPUR, May 11 (Bernama) -- Quantum Motion announced a US$160 million Series C funding round to commercialise its silicon transistor-based quantum computing technology designed for scalable and energy-efficient deployment. (US$1 = RM3.91)
KUALA LUMPUR, May 11 (Bernama) -- Bursa Malaysia’s benchmark index remained above the 1,700-point level at the end of the morning trading session, supported by buying interest, particularly in plantation and healthcare counters.
KUALA LUMPUR, May 11 (Bernama) -- Bank Negara Malaysia (BNM) and Bank Indonesia (BI) have signed a new memorandum of understanding (MoU) that strengthens bilateral cooperation between the two central banks.
PUTRAJAYA, May 11 (Bernama) -- The government has extended offers under the strategic collaboration between the Malaysian government and Arm Ltd to three local companies as part of efforts to strengthen the nation’s capabilities in integrated circuit (IC) design.
KUALA LUMPUR, May 11 (Bernama) -- Bursa Malaysia opened firmer on Monday, driven by buying interest in selected heavyweight counters following the market’s retreat after a five-session rally last week.
KUALA LUMPUR, May 11 (Bernama) -- The ringgit opened higher against the US dollar on Monday, as investors kept an eye on the ongoing peace negotiations over the West Asia crisis, an analyst said.
