Public Bank, LPI Capital Shares To Be Suspended On Wednesday Pending Major Announcement

KUALA LUMPUR, Oct 8 (Bernama) -- Shares of Public Bank Bhd and LPI Capital Bhd will be suspended from 9 am tomorrow, pending a major announcement, separate filings from the two companies to Bursa Malaysia said on Tuesday evening.

CPO Futures Snap Two-day Winning Streak To End Lower

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a two-day winning streak to end lower today due to the impact of lower crude oil and soybean oil prices, said palm oil trader David Ng.

Gold Futures End Easier Ahead Of FOMC Meeting

KUALA LUMPUR, Oct 8 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Tuesday, mirroring global gold market weaknesses ahead of the United States Federal Open Market Committee (FOMC) meeting on Wednesday. 

Ireka's Unit Secures RM1.07 Bln Sub-contract For Pan Borneo Highway Project

KUALA LUMPUR, Oct 8 (Bernama) -- Ireka Corporation Bhd’s wholly-owned subsidiary, Shoraka Construction Sdn Bhd (SCSB), has won a RM1.07 billion highway construction sub-contract.

Perdana Petroleum Clinches RM19.1 Mln Work Order

KUALA LUMPUR, Oct 8 (Bernama) -- Perdana Petroleum Bhd (PPB), through wholly-owned subsidiary Perdana Nautika Sdn Bhd (PNSB), has accepted a work order award from DESB Marine Services Sdn Bhd valued at RM19.1 million to charter two units of accommodation workboat.

BYD Appoints Sime Darby Auto Imports As Importer, BYD Malaysia As Denza Distributor

KUALA LUMPUR, Oct 8 (Bernama) -- BYD Auto Industry Co Ltd has appointed Sime Darby Auto Imports Sdn Bhd as the official importer, and BYD Malaysia Sdn Bhd as the official distributor for Denza, a premium sub-brand by BYD, in Malaysia. 

Amir Hamzah: Malaysia's 2024 GDP On Track To Surpass National Target

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Oct 8 (Bernama) -- Malaysia is poised to exceed its national growth target in 2024 on the back of sound fiscal policies and an ongoing commitment to reforms under the MADANI economic framework, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

PIAM Appoints Chua Kim Soon As CEO Effective Oct 7

KUALA LUMPUR, Oct 8 (Bernama) -- The General Insurance Association of Malaysia (PIAM) has appointed Chua Kim Soon as its new chief executive officer, succeeding Julie Lean Gim Chong, effective Oct 7, 2024.

ASEAN Govts Need To Ensure Power Grid Interconnection Becomes A Reality - Sarawak Energy

KUALA LUMPUR, Oct 8 (Bernama) -- ASEAN governments need to ensure that the interconnection of their power grids becomes a reality as there will be no energy transition without the interconnectivity in this region, said Sarawak Energy Bhd group chief executive officer Datuk Sharbini Suhaili. 

FBM KLCI Futures Close Higher

KUALA LUMPUR, Oct 8 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended higher on Tuesday.

Ringgit Down Amid Rising US Yields, Uncertainty Over Rate Cuts

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 8 (Bernama) --The ringgit closed slightly lower against the US dollar, as the sharp increase in US Treasury yields stoked caution among traders and markets regarding the likelihood of future US rate cuts.

Asia Must Address Climate Change And Rising Energy Demand -- Mitsubishi Power

KUALA LUMPUR, Oct 8 (Bernama) -- Asian countries must address both climate change and rising energy demand to meet their economic ambitions, said Mitsubishi Power executive vice-president Takao Tsukui.