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Ringgit Closes Higher As Tension In Strait Of Hormuz Eases

By Danni Haizal Danial Donald

KUALA LUMPUR, March 17 (Bernama) -- The ringgit continued its upward momentum on Tuesday, closing higher against the US dollar as news of some ships being allowed safe passage through the Strait of Hormuz eased demand for safe haven assets and lifted regional currencies.

Kuala Lumpur Rubber Market Stays Mixed, Tracking Regional Futures

KUALA LUMPUR, March 17 (Bernama) -- The Kuala Lumpur rubber market extended its mixed performance for the third consecutive trading day on Tuesday, tracking regional rubber futures, a trader said.

EIG’s MidOcean Energy Secures US$1.2 Bln Equity Raise

KUALA LUMPUR, March 17 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, announced it has secured an equity capital raise of more than US$1.2 billion. (US$1=RM3.91)

Kioxia Unveils High-Performance SSD For AI Workloads

KUALA LUMPUR, March 17 (Bernama) -- Kioxia Corporation, a leader in memory solutions, has announced the development of a Super High (input/output operations per second) IOPS solid-state drive (SSD) designed to enhance artificial intelligence (AI) systems by enabling graphics processing units (GPUs) to directly access high-speed flash memory.

Checkmarx Unveils AI-Native Security Platform

KUALA LUMPUR, March 17 (Bernama) -- Checkmarx, a leader in agentic application security, has unveiled its new Checkmarx One platform built for the new era of artificial intelligence (AI) development.

Manufacturing Sector Stabilised In 2H 2025, Improvement Expected In 1H 2026 - FMM

KUALA LUMPUR, March 17 (Bernama) -- Malaysia’s manufacturing sector stabilised in the second half of 2025 (2H 2025) following earlier weakness, with gradual improvement expected in the first half of 2026 (1H 2026), according to the Federation of Malaysian Manufacturing (FMM).

Domestic Sectors Hold Resilient Amid Oil Volatility - Maybank IB

KUALA LUMPUR, March 17 (Bernama) -- Malaysia’s domestic sectors are expected to remain resilient despite near-term market jitters, Maybank Investment Bank Bhd (Maybank IB) said.

Panasonic Explores Investment In Palm Biomass-based MDF In Malaysia

KUALA LUMPUR, March 17 (Bernama) – Manufacturer of housing equipment and construction material, Panasonic Housing Solutions Co Ltd, is exploring investment opportunities for its palm biomass-based panels product, medium-density fibreboard (MDF).

Pos Malaysia Sees 15 Pct-20 Pct Rise In Raya Parcels, Hijabs Among Top Items Sent

KUALA LUMPUR, March 17 (Bernama) -- Pos Malaysia Bhd expects parcel volumes to increase by between 15 per cent and 20 per cent during the Hari Raya Aidilfitri period this year compared with ordinary months, driven largely by purchases of Raya clothing and hijabs.

Ringgit Ends Higher Against US Dollar, Other Major Currencies Amid Stable Regional Sentiment

By Danni Haizal Danial Donald

KUALA LUMPUR, March 16 (Bernama) -- The ringgit ended higher against the US dollar and other major currencies at the close on Monday, as the market reflected stabilising regional and global risk sentiment, which pushed the greenback to marginal softness amid easing safe-haven demand. 

MyCIF Gets Additional RM20 Mln, Total Allocation Hits RM50 Mln In 2026 -- Amir Hamzah

KUALA LUMPUR, March 16 (Bernama) -- The government will allocate an additional RM20 million to the Malaysia Co-investment Fund (MyCIF), in addition to the RM30 million announced in Budget 2026, bringing the total allocation this year to RM50 million.

West Asia Conflict: No Economic Stimulus Planned For Now - Amir Hamzah

KUALA LUMPUR, March 16 (Bernama) -- No economic stimulus package will be introduced for the time being in response to the West Asia conflict, said Finance Minister II Datuk Seri Amir Hamzah Azizan.