Bursa Malaysia Closes Higher For Fourth Consecutive Session

By Danni Haizal Danial Donald

KUALA LUMPUR, Dec 16 (Bernama) -- Bursa Malaysia extended its positive performance, closing higher for a fourth consecutive session, supported by improving local market sentiment underpinned by a firm domestic macroeconomic backdrop.

Commercial Negotiation Between Petronas, Petros Progressing Well - Fadillah

KUCHING, Dec 16 (Bernama) -- The ongoing commercial negotiations between Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) are progressing well and moving towards a mutually beneficial settlement, with an outcome expected early next year, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

South Korea Eases Discount Rate Rules For Non-Life Insurers

KUALA LUMPUR, Dec 16 (Bernama) -- The recent easing of discount rate regulations by South Korea’s financial authorities will alleviate pressure on the solvency position of the country’s non-life insurers, according to a new AM Best commentary.

Bursa Malaysia Turns Higher At Midday On Stronger Ringgit

KUALA LUMPUR, Dec 16 (Bernama) -- Bursa Malaysia pared earlier losses to end the morning session higher, outperforming regional peers on the back of a stronger ringgit.

AM Best Affirms Excellent Credit Ratings of Korean Reinsurance

KUALA LUMPUR, Dec 16 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Korean Reinsurance Company (KRE).

Bursa Malaysia Opens Lower Tracking Weaker Regional Markets

KUALA LUMPUR, Dec 16 (Bernama) -- Bursa Malaysia retreated from yesterday’s gains to open lower on Tuesday, tracking weaker regional markets and a softer overnight performance on Wall Street.

CPO Futures End Mostly Lower On Weak Demand, Rising Production

KUALA LUMPUR, Dec 15 (Bernama) -- The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower today on weak demand and rising production.

Gold Futures End Higher As Traders Await Key US Data

KUALA LUMPUR, Dec 15 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher today,  as traders awaited the release of key United States data this week. 

FBM KLCI Futures Close Lower

KUALA LUMPUR, Dec 15 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended lower today.

Bursa Malaysia Higher At Midday On Ringgit's Strength

KUALA LUMPUR, Dec 15 (Bernama) -- Bursa Malaysia ended the morning session marginally higher, supported by the continued strength of the ringgit, which lifted investor sentiment.

Ringgit Maintains Upward Trend, Trades Firmer Against US Dollar

KUALA LUMPUR, Dec 15 (Bernama) -- The ringgit maintained its upward trend, opening slightly higher against the US dollar as improving sentiment in the Malaysian economy and easing trade tensions supported the local currency.

Asia-Pacific Must Treat Energy Transition As Economic Growth Strategy – IATA Economist

From Kisho Kumari Sucedaram

GENEVA, Dec 15 (Bernama) -- The energy transition, including the development of sustainable aviation fuel (SAF), should be treated as an economic growth strategy by Asia-Pacific governments rather than an aviation-specific issue, according to the International Air Transport Association (IATA).