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Ringgit Ends Higher Against Most Major Currencies, Weaker Versus US Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, May 12 (Bernama) -- The ringgit closed higher against most major currencies, but eased versus the greenback amid expectations that firmer United States inflation could reinforce the US Federal Reserve’s restrictive monetary policy stance, thereby supporting demand for the US dollar.

KLCI Futures Close Higher

KUALA LUMPUR, May 12 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed higher on Tuesday, in line with the gains in the cash market.

PayDibs Strengthens PayNet Ecosystem Participation With Direct Duitnow QR Access

KUALA LUMPUR, May 12 (Bernama) -- Paydibs Sdn Bhd has onboarded as a direct participant with Payments Network Malaysia (PayNet) for DuitNow QR (DNQR) acceptance, marking a significant upgrade for the payment service provider's infrastructure.

Taiwan Eyes Stronger Cooperation In High-Tech Supply Chain With Malaysia

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 12 (Bernama) -- Taiwan is seeking to strengthen cooperation with Malaysia in the high-tech supply chain, particularly in the electrical and electronics (E&E) sector, including semiconductors and artificial intelligence (AI).

Bursa Malaysia Rebounds To Close Higher On Bargain Hunting In Blue Chips

KUALA LUMPUR, May 12 (Bernama) -- Bursa Malaysia rebounded to close higher on Tuesday amid selective bargain-hunting in blue-chip stocks after closing lower in the last two trading sessions, analysts said.

Govt To Continue Monitoring Global Supply Crisis

KUALA LUMPUR, May 12 (Bernama) -- The global energy market has shown signs that it is stabilising, but it needs to be continuously monitored as any new developments can affect energy and production costs, said Economy Minister Akmal Nasrullah Mohd Nasir.

Tengku Zafrul: Investment Incentives Help Build Industrial Ecosystem

KUALA LUMPUR, May 12 (Bernama) -- The investment incentives offered by the government to foreign companies should not be seen as “paying companies to come”, but rather as a strategy to develop an industrial ecosystem, build local talent, and strengthen Malaysia’s technological capabilities.

KPK Focuses On Technology, Innovation To Drive Agri-commodities Sector

SEREMBAN, May 12 (Bernama) -- The Ministry of Plantation and Commodities (KPK) is intensifying its focus on technology, data and innovation to drive a smarter, more sustainable and resilient national agriculture and agricommodities sector, Minister Datuk Seri Dr Noraini Ahmad said.

Liew Urges Real Estate Sector To Focus On Broader Economic Goals, Not Just Profits

KUALA LUMPUR, Aug 12 (Bernama) -- The real estate sector should support broader economic and nation-building goals instead of focusing solely on profit-driven housing developments, Deputy Finance Minister Liew Chin Tong said.

MPOB Brings Over 200 Palm Oil, Agricommodity Innovations To Market

SEREMBAN, May 12 (Bernama) -- The Malaysian Palm Oil Board (MPOB) has commercialised more than 200 technologies, encompassing various innovations, in the country's palm oil and agri-commodity sectors to date, thereby contributing to the sustainability and progress of the sector.

Mavenir Selected For MagtiCom’s Nationwide Small Cell Deployment

KUALA LUMPUR, May 12 (Bernama) -- Mavenir, a cloud-native software company, has been selected by MagtiCom, Georgia’s largest telecommunications provider, as the strategic small cell technology partner for a nationwide deployment project.

Malaysia GDP Seen At 4.8 Pct In 2026 If West Asia War Ends By June -- Affin Bank

KUALA LUMPUR, May 12 (Bernama) -- Malaysia’s gross domestic product (GDP) is projected to expand 4.8 per cent in 2026, provided the West Asia conflict ends by June, underpinned by stable domestic demand, improving investment activity and ongoing economic reforms, Affin Bank Bhd said.