PHB Appoints Mazuki Abdullah Group Managing Director

KUALA LUMPUR, Dec 25 (Bernama) -- Pelaburan Hartanah Bhd (PHB) has appointed Mazuki Abdullah @ Muhammad as its new group managing director, effective Jan 1, 2026.

CPO Futures Close Mix On Weaker Output Expectations

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Dec 24 (Bernama) -- CPO futures on Bursa Malaysia Derivatives closed mixed on Wednesday, as expectations of weaker output provided support despite the mixed sentiment, said palm oil trader David Ng.

Ringgit Continues To Soar Against Greenback As US Consumer Confidence Remains Weak

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 24 (Bernama) -- The ringgit ended stronger against the US dollar today, touching 4.04, its highest level in nearly five years, after the latest data showed that consumer confidence in the United States remains weak. 

MARC Ratings Affirms AAA Sovereign Rating For Malaysia

KUALA LUMPUR, Dec 24 (Bernama) -- MARC Ratings has affirmed its unsolicited public information sovereign rating on Malaysia at AAA with a stable outlook based on the credit rating agency’s national rating scale.

Advancecon Appoints Phum Boon Eng As New Managing Director

KUALA LUMPUR, Dec 24 (Bernama) -- Advancecon Holdings Bhd has appointed Phum Boon Eng as its new managing director, effective Dec 22, 2025, marking a key milestone in the group’s leadership renewal and long-term succession planning.

Christmas Comes Early As Bursa Malaysia Ends At Nearly 16-Month High

KUALA LUMPUR, Dec 24 (Bernama) -- Bursa Malaysia closed at a nearly 16-month high on Christmas Eve, extending its gains for a fifth consecutive session amid steady market participation and improving domestic sentiment.

Borneo Oil's Associate Verde Resources Applies For Nasdaq Listing

KUALA LUMPUR, Dec 24 (Bernama) -- Borneo Oil Bhd’s quoted investment, Verde Resources Inc, has applied to list its common stock on the Nasdaq stock market, in conjunction with a proposed underwritten public offering in the United States.

Window Dressing Lifts FBM KLCI To Over 15-month High At Midday

KUALA LUMPUR, Dec 24 (Bernama) -- Year-end window dressing continued to support Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI), keeping the index above a 15-month high at midday.

Comprehensive Policy Needed To Uplift Labuan Economy, Says Academic

LABUAN, Dec 24 (Bernama) -- A comprehensive and forward-looking policy framework is needed to revitalise Labuan’s economy that will fully leverage its strategic location, federal territory status and established offshore financial ecosystem, said an academic.

HARMAN Acquires ZF's ADAS Business For 1.5 Bln Euros To Boost SDV Platform

KUALA LUMPUR, Dec 24 (Bernama) -- HARMAN International, a wholly owned subsidiary of Samsung Electronics Co Ltd, has entered into a definitive agreement to acquire the Advanced Driver Assistance Systems (ADAS) business of ZF Group for 1.5 billion euros, strengthening its position in the fast-evolving software-defined vehicle (SDV) market. (1 Euro = RM4.77)

MADANI Government's Commitment To Ensure Investments Give Returns To The People - PM Anwar

KUALA LUMPUR, Dec 23 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today stressed that the MADANI Government’s commitment is to ensure that every investment provides returns to the people, today and in the future.

KPF Processes Share Capital Withdrawal Applications Totalling RM909.85 Mln From 2020-2025

KUALA LUMPUR, Dec 23 (Bernama) -- Koperasi Permodalan Felda Malaysia Bhd (KPF) has processed applications for the withdrawal of share capital amounting to RM909.85 million from 2020 to 2025, with full payments totalling RM543.6 million made for the years 2020 to 2023.