LATEST NEWS   Those who profit from smuggling activities and fuel misappropriation will face strict action - DPM Fadillah | Enforcement of Ops Tiris 4.0 in Sabah and Labuan led to seizure of 102,144 litres of diesel and 23,907 litres of petrol - DPM Fadillah | 320 cases of law violations were recorded during Ops Tiris 4.0 Bersepadu - DPM Fadillah | The ringgit is the best-performing currency in Asia for two consecutive years, becoming a source of pride for M'sians - Fahmi | MCMC received 203,918 public requests for social media platforms to remove content, 91 per cent related to gambling and scams - Fahmi | 

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FBM KLCI Rises In Opening Trade Ahead Of OPR, US Election Results

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia's key index rose in opening trade on Wednesday, with the FBM KLCI expected to trade within the 1,615–1,625 points range ahead of two major events today -  Bank Negara’s overnight policy rate (OPR) decision and the results of the US presidential election.

CPO Futures Ends Four-day Winning Streak To Close Lower

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 5 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended a four-day winning streak closing lower, taking the cue from the weakness in Chicago Board of Trade (CBOT) soybean oil futures, a dealer said.

SMART Unveils Latest Evolution Of Ruggedised Flash-based Storage Products 

KUALA LUMPUR, Nov 5 (Bernama) -- SMART Modular Technologies Inc (SMART), a Penguin Solutions Inc brand and a global leader in integrated memory solutions, solid-state drives (SSDs), and hybrid storage products, announced its new ruggedised T6EN PCIe/NVMe flash drives for aerospace, defence, and industrial applications.

Ringgit Maintains Stronger Footing At The Close

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 5 (Bernama) -- The ringgit continued to be on a stronger footing against the US dollar today after recent weakness as the markets anticipate a rate cut by the US Federal Reserve, said an economist. 

Funding Societies Secures 3rd HSBC facility, Surpassing RM436 Mln In Total Financing

KUALA LUMPUR, Nov 5 (Bernama) -- Funding Societies, Southeast Asia’s largest digital finance platform for micro, small and medium enterprises (MSMEs), has secured a third credit facility with HSBC under its ASEAN Growth Fund, raising its total credit facilities from HSBC to over US$100 million (RM436 million).

Bursa Malaysia Reverses Early Losses To End Higher Ahead Of MPC Outcome

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia recouped earlier losses to close higher today as late buying lifted the benchmark index to its intraday high on market expectations that Bank Negara’s Monetary Policy Committee (MPC) will maintain the Overnight Policy Rate (OPR) at its meeting tomorrow.

China’s KKV Introduces 100 Lifestyles To Malaysia

KUALA LUMPUR, Nov 5 (Bernama) -- The comprehensive lifestyle trend retail brand under KK Group, KKV, makes significant strides in the Malaysian market this year, driven by its strong consumer reputation and impressive market performance.

Investor Confidence In Thai Stock Market Strong Amid Stimulus, Rate Cut - FETCO

BANGKOK, Nov 5 (Bernama) -- Investor confidence in Thailand’s stock market remained strong in October, supported by the government's economic stimulus package and the Bank of Thailand's recent policy rate cut, according to the Federation of Thai Capital Market Organizations (FETCO).

Coordinated Efforts, Shared Learning Among OIC States Essential For Digital Transformation - Fahmi

ISTANBUL, Nov 4 (Bernama) — Malaysia believes that coordinated efforts and shared learning among the Organisation of Islamic Cooperation (OIC) member states are essential to drive the next wave of digital transformation, said Communications Minister Fahmi Fadzil.

CPO Futures Rally On Higher Crude, Soybean Oil Prices

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 4 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to above RM4,900 per tonne for November and December 2024 contracts, supported by higher crude oil and soybean oil prices, a trader said.

Sabah Electricity Appeals For Federal Govt Financial Support

KOTA KINABALU, Nov 4  (Bernama) -- Sabah Electricity Sdn Bhd (Sabah Electricity) has insufficient funds and needs federal government financial support to ensure a sustainable power supply, said chairman Datuk Seri Wilfred Madius Tangau.

Malaysia's Port Of Tanjung Pelepas Bags Award For Deploying Kaleris' Navis Solutions

KUALA LUMPUR, Nov 4 (Bernama) -- Malaysia’s largest transshipment hub, Port of Tanjung Pelepas (PTP), was recently honoured with the Supply Chain Innovator of the Year: Digital Transformation Award at the 2024 Supply Chain Asia (SCA) Awards.