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Economic

Cold Storage Opens First Kedah Outlet At The Tenz Emporium, Set To Boost Local Economy

ALOR SETAR, April 30 (Bernama) -- Premium supermarket Cold Storage’s first outlet in Kedah, at The Tenz Emporium here, is expected to boost the local economy and lifestyle landscape of the city.

UAE’s OPEC Exit Unlikely To Move Global oil Prices -- Economist

KUALA LUMPUR, April 30 (Bernama) -- The United Arab Emirates’ (UAE) exit from the Organisation of the Petroleum Exporting Countries (OPEC) and its OPEC+ allies is not expected to significantly affect global oil prices, which are currently driven more by geopolitical factors.

BNM: Malaysia’s Official Reserve Assets At US$126.61 Bln At End-March 2026

KUALA LUMPUR, April 30 (Bernama) -- Malaysia’s official reserve assets amounted to US$126.61 billion at the end of March 2026, compared with US$128.29 billion at end-February 2026.

US Dollar/Ringgit To Trade 3.95-4.05 In Near Term -- Apex Securities

KUALA LUMPUR, April 30 (Bernama) -- Apex Securities expects the US dollar/ringgit pair to trade within the 3.95-4.05 range in the near term.

AirTrunk Raises Investment In Malaysia By RM12 Bln To RM27 Bln -- PM Anwar

KUALA LUMPUR, April 30 (Bernama) — AirTrunk, a hyperscale data centre platform company in Asia Pacific and West Asia, will increase its investment by another RM12 billion this year, bringing its total committed investment in Malaysia to RM27 billion.

Plantation Sector ROE Seen Remaining Robust In 2026–2027 On Strong CPO Prices, Supply Tightness -- Kenanga IB

KUALA LUMPUR, April 30 (Bernama) -- Return on equity (ROE) for the plantation sector is expected to remain robust in 2026–2027, supported by firm crude palm oil (CPO) prices amid supply tightness and the ongoing West Asia conflict, said Kenanga Investment Bank Bhd (Kenanga IB).

PIAM Re-Elects Ng Kok Kheng As Chairman For 2026-2028 Term

KUALA LUMPUR, April 30 (Bernama) -- Persatuan Insurans Am Malaysia (PIAM) has re-elected Ng Kok Kheng as its chairman for the 2026-2028 term, effective April 29, 2026. 

Amir Hamdan To End Tenure As Prasarana President, CEO

KUALA LUMPUR, April 30 (Bernama) -- Public transport provider Prasarana Malaysia Bhd has confirmed that Amir Hamdan will be ending his tenure as group president and chief executive officer (CEO) after almost eight years with the group.

Sabah Sets Up Special Committee To Study Targeted Subsidies Amid Global Oil Price Rise

KOTA KINABALU, April 29 (Bernama) -- The Sabah state government has established a special committee to study the need for targeted subsidies as an effort to assist sectors affected by the rise in global oil prices, said Deputy Chief Minister II Datuk Seri Masidi Manjun.

Labuan Seeks Equal Duty-Free Treatment As Langkawi

LABUAN, April 29 (Bernama) -- Labuan’s duty-free status should be given equal consideration for full restoration, in line with the proposal being studied for Langkawi, to support the island’s tourism, retail and business sectors, the Labuan Corporation (LC) Advisory Council said.

Banking Industry Urges MSMEs Affected By West Asia Conflict To Engage For Support

KUALA LUMPUR, April 29 (Bernama) -- The banking industry is encouraging micro, small and medium enterprises (MSMEs) affected by the ongoing West Asia conflict to engage with their respective banks at an early stage to explore suitable solutions, including repayment assistance, restructuring, and working capital support.

Govt To Improve Non-Critical Spending To Protect People And Economy - MOF

KUALA LUMPUR, April 29 (Bernama) -- The Ministry of Finance (MoF) has confirmed that guidelines have been issued to ministries and agencies to restructure operating expenditure.