Selangor's Northern Corridor Has Potential To Become State's Future Economic Hub

SHAH ALAM, June 13 (Bernama) -- The Selangor State Government's focus on developing the northern corridor, which includes Hulu Selangor and Kuala Selangor, has the potential to transform the area into a new economic hub for the state.

Short-term Rates Set To Remain Stable Next Week On BNM Operations

KUALA LUMPUR, June 13 (Bernama) -- Short-term interbank rates are expected to remain stable next week, supported by Bank Negara Malaysia’s (BNM) continued operations to absorb excess liquidity from the financial system.

Higher BI-Rate, Fuel Price Hike Test Indonesia's Economic Balancing Act

By Nik Nurfaqih Nik Wil

JAKARTA, June 13 (Bernama) -- Indonesia's decision to raise the BI-Rate and increase non-subsidised fuel prices within days highlights the government's effort to support the rupiah and ease fiscal pressures, although the measures are expected to add pressure on households and businesses, analysts say.

Rubber Market Likely Volatile, Mild Downtrend Next Week - Analyst

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 13 (Bernama) -- The Malaysian rubber market is anticipated to remain volatile next week, displaying a slight downward trend due to ongoing global uncertainties, said industry expert Denis Low.

KLCI Futures Likely To Remain Positive Next Week

By Harizah Hanim Mohamed

KUALA LUMPUR, June 13 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to maintain a constructive near-term outlook, supported by easing geopolitical concerns, improving global risk sentiment, and a relatively stable domestic macroeconomic environment.

CPO Futures Set To Trade In RM4,200-RM4,300 Range Next Week -- Interband

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 13 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade within the range of RM4,200-RM4,300 per tonne next week.

Ringgit To Trade Cautiously Next Week Ahead Of FOMC Meeting

KUALA LUMPUR, June 13 (Bernama) -- The ringgit is expected to be traded cautiously next week, ahead of the June 16-17 Federal Open Market Committee meeting.

Bursa Malaysia Seen Trading Range-bound Next Week Amid External Uncertainties

KUALA LUMPUR, June 13 (Bernama) -- Bursa Malaysia is expected to trade range-bound with a neutral bias as investors assess geopolitical developments and key economic data releases from major economies.

Gold Futures To Trade Cautiously Next Week

KUALA LUMPUR, June 13 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade cautiously next week as investors monitor developments in the West Asia conflict.

CPO Futures End Lower, Tracking Softer Crude and Soybean Oil Prices

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Friday, weighed down by weakness in the crude oil and soybean oil prices on the Chicago Board of Trade (CBOT), a trader said.

Scanwolf Unit Secures RM21 Mln Works Contract In Selangor

KUALA LUMPUR, June 12 (Bernama) -- Scanwolf Corporation Bhd, a producer of plastic edging and flooring, has received a letter of award (LOA) from Sg Besi Construction Sdn Bhd for a contract valued at RM21 million through its wholly-owned subsidiary, Scanwolf Trading and Construction Sdn Bhd.

TMK Chemical Proposes RM920 Mln Acquisition Of CCM From Batu Kawan

KUALA LUMPUR, June 12 (Bernama) -- TMK Chemical Bhd has proposed to acquire 100 per cent equity interest in Chemical Company of Malaysia Bhd (CCM), excluding certain assets, from Batu Kawan Bhd (BKB) for an indicative purchase consideration of RM920 million on a cash-free, debt-free basis.