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Bursa Malaysia Opens Lower Amid Renewed West Asia Tensions

By Karina Imran

KUALA LUMPUR, May 5 (Bernama) -- Bursa Malaysia opened lower on Tuesday, mirroring Wall Street’s decline as renewed geopolitical tensions in West Asia dampened investor sentiment, an analyst said.

Indonesia Plans Export Duties, Windfall Tax On Coal And Nickel To Ease Subsidy Burden

JAKARTA, May 4 (Bernama) -- Indonesia plans to introduce export duties and a windfall tax on coal and nickel as part of efforts to offset rising subsidy costs in the national budget.

Gold Futures End Lower On Hawkish Inflation Signals

By Danni Haizal Danial Donald

KUALA LUMPUR, May 4 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Monday, tracking the softer COMEX gold futures performance, as investors digested hawkish stances on inflation by major central banks.

Ringgit Rises As Risk Appetite Returns On Strait Of Hormuz Assurances

By Danni Haizal Danial Donald

KUALA LUMPUR, May 4 (Bernama) -- The ringgit strengthened against regional peers at the close as investors’ risk appetite improved, underpinned by growing confidence in safe passage through the Strait of Hormuz.

Modon Sells Out Tara Park Project, Nears 2 Bln Emirati Dirham In Sales

KUALA LUMPUR, May 4 (Bernama) -- Modon, an Abu Dhabi-headquartered international holding company, has announced the sell-out of Tara Park on Reem Island, with the project generating nearly two billion Emirati dirham in sales. (100 Emirati dirham = RM107.65)

Bursa Malaysia Closes At Intraday High On Broad-based Buying, Improved Sentiment

By Siti Noor Afera Abu

KUALA LUMPUR, May 4 (Bernama) -- Bursa Malaysia ended at an intraday high on broad-based buying, reflecting improving sentiment on the local front, analysts said.

OTC Markets Taps JP Chan To Lead APAC Operations Amid Regional Growth

KUALA LUMPUR, May 4 (Bernama) -- OTC Markets Group, an operator of regulated markets for more than 12,000 United States (US) and international securities, has appointed JP Chan as Senior Vice President and Regional Head for Asia-Pacific (APAC) as it expands its presence in the region.

Investor Confidence In Johor Remains Firm Amid Global Supply Crisis - Onn Hafiz

ISKANDAR PUTERI, May 4 (Bernama) -- Investor confidence in Johor remains strong even though the country is currently facing considerable challenges with the global supply crisis, said Johor Menteri Besar Datuk Onn Hafiz Ghazi.

Industrial Products Sector Records RM128.3 Mln Net Foreign Inflows

KUALA LUMPUR, May 4 (Bernama) -- The industrial products and services recorded net foreign inflows of RM128.3 million, followed by technology (RM114.2 million), and plantation (RM53.3 million) last week, according to MBSB Investment Bank Bhd (MBSB IB).

Ringgit Strength, IMF GDP Forecast Signal Global Confidence In Malaysia’s Economy — Muhammad Kamil

KUALA LUMPUR, May 2 (Bernama) -- The continued strengthening of the ringgit and the improved economic projections by the International Monetary Fund (IMF) indicate the fundamental strength of the country's economy and investor confidence in the direction of the Malaysia MADANI administration.

Bursa Malaysia Likely To Trade Range-bound Between 1,700 And 1,730 Next Week

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, May 2 (Bernama) -- Bursa Malaysia’s benchmark index is expected to trade in a range-bound mode with a cautious bias within the 1,700-1,730 range next week.

KLCI Futures Seen Trading Range-bound At 1,700–1,730 Next Week

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, May 2 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound with a “cautious bias” within 1,700–1,730 next week, in line with the cash market.