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AM Best Affirms Taiwan’s Union Excellent Credit Ratings

KUALA LUMPUR, May 21 (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 Taiwan’s Union Insurance Company Limited (Union).

Bursa Malaysia Opens Higher, Tracking Wall Street Gains

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia opened higher on Thursday, tracking overnight gains on Wall Street amid optimism after the United States signalled that the conflict with Iran could end soon.

Gold Futures Close Lower, Tracking Weaker US COMEX

KUALA LUMPUR, May 20 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, tracking weaker performance on the United States (US) COMEX market.

Arteris Technology Powers Li Auto AI Vehicle Platform 

KUALA LUMPUR, May 20 (Bernama) -- Arteris Inc announced its semiconductor system intellectual property (IP) technology has been deployed by Li Auto Inc to support artificial intelligence (AI) compute data movement and systems-on-chip (SoCs) integration for the automaker’s next-generation smart vehicle platforms, beginning with the new L9 Livis SUV.

Primer Secures US$100 Mln Funding For AI, US Expansion

KUALA LUMPUR, May 20 (Bernama) -- Primer, the unified infrastructure for global payments, has secured a US$100 million Series C funding round as it expands its artificial intelligence (AI)-enabled operating layer for global payments and finance. (US$1=RM3.97)

Ringgit Firmer Against US Dollar AS Stronger Export Performance Lifts Market Sentiment

By Harizah Hanim Mohamed

KUALA LUMPUR, May 20 (Bernama) -- The ringgit firmed against the US dollar as market sentiment improved on the back of Malaysia’s trade performance, which rose 28.6 per cent year-on-year (y-o-y) to a record RM336.73 billion in April 2026.

BDB Infra Wins RM251.65 Mln Road Maintenance Contract From Kedah State Govt

ALOR SETAR, May 20 (Bernama) — BDB Infra Sdn Bhd, a wholly owned subsidiary of Bina Darulaman Bhd (BDB), has secured a road maintenance contract worth RM251.65 million from the Kedah state government.

Gamuda Unit Bags Two EPC Contracts In Australia Worth RM3.12 Bln

KUALA LUMPUR, May 20 (Bernama) -- Gamuda Bhd’s wholly owned subsidiary in Australia, DT Infrastructure, has secured two engineering, procurement and construction (EPC) contracts worth AU$1.1 billion (approximately RM3.12 billion) for the delivery of Smoky Creek and Guthrie’s Gap solar power stations.

Bursa Malaysia Opens Lower Tracking Wall Street’s Weaker Performance

KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia opened lower today, tracking Wall Street’s weaker performance overnight as bond yields soared over concerns that recent high inflationary data may force the US Federal Reserve to hike rates.

Malayan Flour Mills 1Q Net Profit Rises 28.4 Pct To RM42.5 Mln

KUALA LUMPUR, May 19 (Bernama) -- Malayan Flour Mills Bhd reported a 28.4 per cent increase in net profit for the first quarter ended March 31, 2026 (1Q 2026), with earnings rising to RM42.5 million compared to RM33.1 million in the same quarter last year.

Wasco Posts RM11.10 Mln Net Profit In 1Q

KUALA LUMPUR, May 19 (Bernama) -- Wasco Bhd recorded a net profit of RM11.10 million in the first quarter ended March 31, 2026 (1Q 2026), compared with RM35.43 million a year earlier.

Gold Futures Close Lower, Tracking Weaker US COMEX

KUALA LUMPUR, May 19 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, tracking weaker performance on the United States (US) COMEX market.