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Economic

Brent Oil Prices Trend Below US$90 Per Barrel On Friday's Open

KUALA LUMPUR, June 12 (Bernama) -- Brent oil prices closed at US$90.4 per barrel (bbl) and trended below the US$90.0/bbl threshold on Friday’s open on renewed optimism over a potential Iran deal (US$1=RM4.05). 

Weststar Maxus, Yinson Greentech Ink Deal For 300 Electric Commercial Vans

KUALA LUMPUR, June 11 (Bernama) -- Weststar Maxus Sdn Bhd and Yinson GreenTech’s e-mobility business, drivEV, today signed a strategic agreement for the procurement of 300 units of the Maxus eDeliver 5 electric commercial van.

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.

B15 Biodiesel Rollout Could Ease Inflation, Reduce Fiscal Burden -- CGS International

KUALA LUMPUR, June 11 (Bernama) -- The government’s initiative to roll out B15 biodiesel blends makes strategic sense as a cheaper feedstock can dampen domestic inflation and reduce fiscal costs, said CGS International Securities Malaysia Sdn Bhd.

Malaysia’s Automotive Industry Must Move Up The Value Chain To Drive Future Mobility

KUALA LUMPUR, June 11 (Bernama) -- Malaysia’s local automotive industry must continue moving up the value chain, not merely as assemblers or distributors, but as developers of technology, services and solutions for the regional market as the mobility landscape continues to evolve.

Smartstream Cuts CTSL Reconciliation Time To Under Five Minutes

KUALA LUMPUR, June 11 (Bernama) -- Smartstream, a data solutions provider, announced that Comrade Trustee Services Limited (CTSL) has gone live with Smartstream’s Air, the artificial intelligence (AI) reconciliation and data automation solution, reducing processing times from eight hours to under five minutes.

Mavenir, O2 Trial Technology To Improve Calls For People With Hearing Loss

KUALA LUMPUR, June 11 (Bernama) -- Mavenir has partnered with Virgin Media O2 on a proof-of-concept trial of network-based technology designed to improve phone call clarity for people with hearing loss, with nearly 90 per cent of participants reporting clearer calls.

Great Wall Motor Showcases Its Complete Mobility Ecosystem At KLIMS 2026

KUALA LUMPUR, June 11 (Bernama) -- Great Wall Motor (GWM) Malaysia is showcasing its most comprehensive mobility ecosystem at the Kuala Lumpur International Mobility Show (KLIMS) 2026, bringing together a diverse portfolio of vehicles, technologies and immersive experiences under the theme “For Every User, For Every Journey”.