U Mobile To Reduce Foreign Majority Shareholdings To 20 Pct

KUALA LUMPUR, Nov 2 (Bernama) -- U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20 per cent to ensure greater Malaysian control and invite participation from local investors.

Plantation Rally, FOMC Rate Cut To Balance Volatility Ahead Of US Election Results 

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Nov 2 (Bernama) -- Expectations of continued interest in plantation stocks amid rising crude palm oil price and the US Federal Reserve (Fed) rate cut are set to counterbalance potential election-related fluctuations, stabilising Bursa Malaysia’s performance next week.

Pluxee Raises 2025 & 2026 Outlooks, Exceeds Financial Targets

KUALA LUMPUR, Nov 1 (Bernama) -- French-based company, Pluxee has posted net profit of 133 million euros for the full year, up 64.2 per cent from 81 million euros in the same period of the prior year driven by outstanding performance in fiscal 2024 exceeding all business and financial objectives. (1 euro = RM4.76)

SD Guthrie Lifts FBM KLCI To End Above Key 1,600 Support Level

By NurulJannah Kamaruddin

KUALA LUMPUR, Nov 1 (Bernama) -- A rally in plantation stock, SD Guthrie, propelled by a jump in crude palm oil (CPO) price to a fresh 28-month high today, lifted Bursa Malaysia’s barometer index to breach above the key psychological support level of 1,600 on Friday.

Chinese Coastal City Yuyao Thrives In Businesses, Social Development

KUALA LUMPUR, Nov 1 (Bernama) -- An event focused on empowering business operations and development through Chinese traditional philosophy was held in Yuyao, located in the eastern province of Zhejiang, China, on Oct 30.

Swedish Firms Supporting Malaysia’s Green Transition With Sustainable Investments

By Kisho Kumari Sucedaram & Mikhail Raj Abdullah

KUALA LUMPUR, Oct 31 (Bernama) – Top Swedish firms that have been investing in Malaysia’s industrial development since the nation achieved its independence are lending their expertise in the country’s green economy transition by focusing on the sustainability agenda.

Bursa Malaysia Ends Lower On Regional Jitters As US Election Uncertainty Weighs

By NurulJannah Kamaruddin

KUALA LUMPUR, Oct 30 (Bernama) -- Bursa Malaysia mirrored regional jitters to end lower as the US election nears with polls indicating a closely contested race.

Malaysia’s Direct Selling Industry Sees New Horizons With Potential BRICS Membership

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 30 (Bernama) – Malaysia’s direct selling industry stands to gain significantly from the country’s interest in joining the BRICS economic bloc, says the Malaysia Direct Distribution Association (MDDA).

Bursa Malaysia Snaps 6-day Losing Streak On Bargain Hunting, CI Up 0.29 Pct

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 29 (Bernama) -- Bursa Malaysia finished higher today on bargain hunting, after six days of losses, as investors sought opportunities in large-cap stocks with compelling valuations following the recent global equity sell-off.

Korean Eggdrop Gains Notoriety For Production Support Of Two Chart-topping K-dramas 

KUALA LUMPUR, Oct 29 (Bernama) -- Golden Hind Co Ltd, the food and beverage (F&B) company behind the premium Korean egg sandwich brand EGGDROP, has garnered significant attention for its production support of the tvN romantic comedy drama series 'Love Next Door' and the JTBC family drama series 'Romance in the House'.

Unipart Secures Contract With Vanchanggo To Provide E-commerce Services

KUALA LUMPUR, Oct 29 (Bernama) -- Unipart, the supply chain solutions and performance improvement technologies partner, has won a three-year contract with Vanchanggo, a rapidly expanding business-to-business (B2B) and business-to-consumer (B2C) pet supplies retailer based in South Korea.

Bursa Ends Lower On Heightened Caution In Data-heavy Week, Ahead Of US Election

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Oct 28 (Bernama) -- Bursa Malaysia ended lower on Monday as a data-heavy week heightened caution amid ongoing concerns about the US election, the interest rate outlook and the crisis in the Middle East.