SEDA Appoints Public Service Department DG As Chairman

KUALA LUMPUR, June 24 (Bernama) – The Sustainable Energy Development Authority (SEDA) Malaysia has appointed Public Service Department Director-General Tan Sri Wan Ahmad Dahlan Abdul Aziz as chairman effective May 15.

World’s First Zero-Carbon Port Eyes Southeast Asia Expansion, Targets 3.2 Mln TEUs In 2025

From Kisho Kumari Sucedaram

TIANJIN, June 24 (Bernama) -- China’s Tianjin Port, recognised as the world’s first zero-carbon port, is setting its sights on expanding cargo routes to Southeast Asia as it targets to handle 3.2 million twenty-foot equivalent units (TEUs) in 2025.

Bargain Hunting Lifts FBM KLCI To Close Higher

By Anas Abu Hassan and Danni Haizal

KUALA LUMPUR, June 23 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from early losses to end higher today, supported by bargain hunting activities and sustained local investor interest albeit cautious outlook on the global economic front, an analyst said.

Malaysia Signs Economic Partnership Deal With Switzerland, Norway, Iceland And Liechtenstein

KUALA LUMPUR, June 23 (Bernama) -- Malaysia and the European Free Trade Association (EFTA) member states have signed an economic partnership agreement, opening a new chapter for Malaysia’s trade, investment and economic relations with Switzerland, Norway, Iceland and Liechtenstein.

MATRADE Targets 400 Local Companies To Explore Opportunities At Export Day Sarawak 2025

KUALA LUMPUR, June 23 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) aims to attract 400 local companies to explore new export opportunities through Sarawak Export Day 2025, to be held on July 2 and 3, 2025, in Kuching, Sarawak.

Crude Oil May Climb To US$85 Per Barrel On Geopolitical Risks, Says Analysts

KUALA LUMPUR, June 23 (Bernama) -- Crude oil prices are expected to rise towards US$85 per barrel in the near term, driven by supply-side risks stemming from recent geopolitical developments, according to CIMB Securities Sdn Bhd.

Local Institutions Maintain Buying Momentum For Fifth Week With RM510.6 Mln Inflows

KUALA LUMPUR, June 23 (Bernama) -- Local institutions continued their buying streak for the fifth consecutive week, with net inflows amounting to RM510.6 million compared with RM620.6 million in the previous week, said MIDF Amanah Investment Bank Bhd.

CRRC Dalian To Deliver First ECRL Trains In October

By Norsyafawati Ab Wahab

DALIAN (China), June 23 (Bernama)– The first two sets of Electric Multiple Unit (EMU) trains, along with two electric locomotives for cargo transportation under the East Coast Rail Link (ECRL) project, are expected to be shipped out from Dalian, China to Malaysia in October this year.

Bursa Malaysia Closes Mixed, CI Ekes Out Small Gain On Bargain Hunting

By Rosemarie Khoo Mohd Sani and Danni Haizal Danial Donald

KUALA LUMPUR, June 20 (Bernama) -- Bursa Malaysia ended the week mixed with the benchmark index climbing 0.08 per cent, as bargain hunting emerged following the recent sell-off, said an analyst.

SST Expansion To Have Limited Direct Impact On GDP, Inflation -- RHB IB

KUALA LUMPUR, June 20 (Bernama) -- The Sales and Service Tax (SST) expansion is expected to have a limited direct impact on gross domestic product (GDP) and inflation, as it primarily targets discretionary items and selected service sectors, according to RHB Investment Bank Bhd (RHB IB).

Bursa Malaysia Closes Lower In Sync With Regional Markets

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, June 19 (Bernama) -- Bursa Malaysia closed lower in tandem with the weak performance across the region, said an analyst.

Cut Red Tape, Dismantle Non-Tariff Barriers To Unlock Full Potential Of Sub-Regional Groupings – Economists

By Nur Athirah Mohd Shaharuddin & Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, June 19 (Bernama) -- ASEAN needs to double down on streamlining regulations and cutting red tape, including harmonising customs procedures, to unlock the full potential of sub-regional groupings.