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Gamuda Unit Bags Two EPC Contracts In Australia Worth RM3.12 Bln

KUALA LUMPUR, May 20 (Bernama) -- Gamuda Bhd’s wholly owned subsidiary in Australia, DT Infrastructure, has secured two engineering, procurement and construction (EPC) contracts worth AU$1.1 billion (approximately RM3.12 billion) for the delivery of Smoky Creek and Guthrie’s Gap solar power stations.

Bursa Malaysia Opens Lower Tracking Wall Street’s Weaker Performance

KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia opened lower today, tracking Wall Street’s weaker performance overnight as bond yields soared over concerns that recent high inflationary data may force the US Federal Reserve to hike rates.

Japanese Companies See Malaysia's Business Sentiment, Conditions Improving In 2026

KUALA LUMPUR, May 19 (Bernama) -- Business sentiment and conditions in Malaysia are expected to improve through 2026, according to a survey conducted by the Japanese Chamber of Trade & Industry Malaysia (Jactim) and the Japan External Trade Organisation (Jetro) Kuala Lumpur.

CPO Futures Close Higher On Weaker Production Outlook

KUALA LUMPUR, May 19 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on expectations of weaker production in the coming weeks, said Iceberg X Sdn Bhd proprietary trader David Ng.

Malayan Flour Mills 1Q Net Profit Rises 28.4 Pct To RM42.5 Mln

KUALA LUMPUR, May 19 (Bernama) -- Malayan Flour Mills Bhd reported a 28.4 per cent increase in net profit for the first quarter ended March 31, 2026 (1Q 2026), with earnings rising to RM42.5 million compared to RM33.1 million in the same quarter last year.

Capital A Receives Bursa Approval To Exit PN17 Status

KUALA LUMPUR, May 19 -- Capital A Bhd has received approval from Bursa Malaysia Securities Bhd for the removal of its Practice Note 17 (PN17) status, effective May 20, 2026.

Wasco Posts RM11.10 Mln Net Profit In 1Q

KUALA LUMPUR, May 19 (Bernama) -- Wasco Bhd recorded a net profit of RM11.10 million in the first quarter ended March 31, 2026 (1Q 2026), compared with RM35.43 million a year earlier.

Gold Futures Close Lower, Tracking Weaker US COMEX

KUALA LUMPUR, May 19 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, tracking weaker performance on the United States (US) COMEX market.

Ringgit Ends Firmer Vs Major Currencies, Eases Against Greenback

KUALA LUMPUR, May 19 (Bernama) -- The ringgit ended mostly higher against major currencies but eased against the US dollar on Tuesday as market participants await further developments in West Asia negotiations between the United States (US) and Iran.

Pharmaniaga Gets Approval For Five-For-One Share Consolidation

KUALA LUMPUR, May 19 (Bernama) -- Pharmaniaga Bhd today secured shareholder approval for its proposed five-for-one share consolidation at the group’s extraordinary general meeting (EGM), with completion expected in early June 2026.

NIF To Support Malaysia’s Long-Term Economic Goals - MIDA

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, May 19 (Bernama) -- The New Incentive Framework (NIF) reflects a broader shift towards encouraging investments that contribute more meaningfully to Malaysia’s long-term economic priorities, according to Malaysian Investment Development Authority (MIDA).

Bursa Malaysia Ends Marginally Lower As Investors Turn Defensive

KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia ended marginally lower on Tuesday as investors adopted a more defensive stance amid escalating geopolitical tensions and softer regional risk sentiment.