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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Bursa Malaysia Reprimands Ireka, Seven Former Directors, Imposes RM425,000 In Fines

KUALA LUMPUR, May 11 (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded Ireka Corp Bhd (Ireka) and seven of its former directors for breaches of the Bursa Malaysia Securities Main Market Listing Requirement, while imposing total fines of RM425,000 on the directors.

AM Best Assigns Excellent Credit Ratings To Tokio Marine Newa Insurance

KUALA LUMPUR, May 11 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to Taiwan’s Tokio Marine Newa Insurance Co Ltd (TMNewa), with a stable outlook.

Malaysia's Wholesale And Retail Trade Climbs 9.8 Pct To RM169 Bln In March 2026 -- DOSM

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).

TSplus Showcases Global Strategy At Annual International Meeting In Greece

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.

PDI Technologies, The Retail Marketeers Honour Six Women In Europe’s Convenience Retail, Mobility Sectors

KUALA LUMPUR, May 11 (Bernama) -- PDI Technologies and The Retail Marketeers announced the recipients of the 2026 European Female Leaders in Convenience Awards, recognising women leaders in Europe’s convenience retail and mobility sectors.

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)

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.

Hume Cement's 3Q Net Profit Up On Gains From Disposal Of Subsidiary

KUALA LUMPUR, May 8 (Bernama) -- Hume Cement Industries Bhd’s net profit jumped to RM243.75 million in the third quarter ended March 31, 2026 (3Q 2026), from RM40.64 million in 3Q 2025, primarily due to a one-off gain on the disposal of a subsidiary during the quarter.

PUC Disposes Of Partial Stake In Pictureworks To MacOS For RM30 Mln

KUALA LUMPUR, May 8 (Bernama) -- Digital lifestyle service provider PUC Bhd had entered into a share sale agreement on Dec 31, 2025, to dispose of 3.03 million ordinary shares or 13.76 per cent equity interest in Pictureworks International Holdings Ltd (PIHL) to MacOS Ltd for RM30.0 million as a partial divestment of its investment in PIHL. 

Rubber Closes Higher On Gains In Crude Oil Prices, Supply Shortages

KUALA LUMPUR, May 8 (Bernama) -- The rubber market closed higher on Friday, supported by firmer benchmark crude oil prices and concerns over supply shortages due to wet weather disruptions in major producing countries, a dealer said. 

Cloudera Unveils Zero Copy Data Connector For ServiceNow AI Workflows

KUALA LUMPUR, May 8 (Bernama) -- Cloudera introduced a Workflow Data Fabric Zero Copy Connector for ServiceNow, aimed at enabling enterprises to connect hybrid data environments with artificial intelligence (AI)-driven workflows without duplicating data.

Horizon Quantum Completes Nasdaq Listing, Reports Q1 Loss

KUALA LUMPUR, May 8 (Bernama) -- Horizon Quantum Holdings Ltd (Horizon Quantum), a pioneer of software infrastructure for quantum applications, has reported an operating loss of US$6.5 million for the first quarter (Q1) ended March 31, 2026, compared to US$4.7 million in the same period last year. (US$1=RM3.91)