LATEST NEWS   At 6 pm, the ringgit depreciated to 3.9220/9260 against the US dollar from 3.9185/9230 at last Friday’s close. | Congestion and scanner shortage issues at Linkedua to be brought to KDN's attention - Loke | Police bust two drug syndicates, seize drugs worth RM4.7 million in Johor Bahru | A total of 60,000 students are targeted to benefit from the MyLesen B2 Sekolah (MyB2S) programme, with an allocation of RM18.5 million - Anthony Loke | Three people detained to assist in probe into fatal shooting in Skudai on May 9 - Police | 

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Ringgit Closes Higher Against Regional Peers

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.

Vedanta Posts Record FY26 Profit, Revenue Following Demerger

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)

EMGA Secures US$25 Mln Financing For Vietnam’s EVF From OPEC Fund

KUALA LUMPUR, May 11 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for EVF General Finance Joint Stock Company (EVF) in Vietnam by securing US$25 million from the OPEC Fund for International Development (OFID). (US$1 = RM3.91)

CYNREN Formed To Serve Family Offices, Funds, Institutions

KUALA LUMPUR, May 11 (Bernama) -- CYNREN has launched as an independent international advisory firm focused on the intersection of capital, technology and geopolitics.

Rubber Market Ends Lower On Weaker Regional Futures

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, May 11 (Bernama) -- The Kuala Lumpur rubber market ended lower on Monday, weighed down by regional rubber futures despite firmer crude oil prices, a trader said.

Esentia Prices US$2 Bln Senior Notes Offering

KUALA LUMPUR, May 11 (Bernama) -- Esentia Energy Development S.A.B. de C.V. (Esentia) announced the pricing of US$2 billion in senior notes through a private offering to qualified institutional buyers and non-United States (US) investors. (US$1 = RM3.91)

Quantum Motion Raises US$160 Mln To Advance Silicon-Based Quantum Computing 

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)

Bursa Malaysia Ends Morning Session Higher On Gains In Plantation, Healthcare

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.

Govt Refining Appropriate Threshold For Petrol Subsidy Recipients-- Akmal

PUTRAJAYA, May 11 (Bernama) -- The government is refining the appropriate threshold between those who should receive petrol subsidies and those who can be excluded as part of the effort to implement a more targeted subsidy mechanism, said Economy Minister Akmal Nasrullah Mohd Nasir.

Tabelog Multilingual App Surpasses 2 Million Downloads Among International Travellers

KUALA LUMPUR, May 11 (Bernama) -- Tabelog, a Japanese restaurant search and reservation service platform operated by Kakaku.com Inc, has announced that its multilingual smartphone app (iOS/Android) for travellers visiting Japan has reached two million downloads.

Abaxx Teams Up With Alta On Collateral Initiative

KUALA LUMPUR, May 11 (Bernama) -- Abaxx Technologies Inc (Abaxx) has entered a commercial engagement with Alta Alternative Investments Pte Ltd (Alta) to advance the use of money market fund shares as T+0 collateral for margin at Abaxx Clearing, moving Digital Title toward its first commercial implementation.

TOMI Details Proposed Acquisition Of Carbonium Core

KUALA LUMPUR, May 11 (Bernama) -- TOMI Environmental Solutions Inc (TOMI) has clarified its previously announced non-binding letter of intent (the LOI) for a merger transaction to acquire 100 per cent of the outstanding equity of Carbonium Core Inc (Carbonium Core).