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Labuan Corporation Advisory Council Supports Oil Refinery Proposal

LABUAN, April 29 (Bernama) — The Labuan Corporation Advisory Council has unanimously agreed to support a proposal to establish an oil refinery on the island, describing it as a strategic move to spur economic growth and create employment opportunities.

Energy Transition Accelerates As Trillions In Investments Fuel Global Shift

KUALA LUMPUR, April 29 (Bernama) -- Energy transition efforts worldwide continue to gain momentum, despite an increasingly complex geopolitical landscape, with investment estimated to have reached US$3.3 trillion (US$1 = RM3.95) last year.

Bursa Malaysia Opens Higher On Stable Earnings Outlook, Macro Support

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 29 (Bernama) -- Bursa Malaysia opened higher, underpinned by expectations of stable earnings in 2026 across banking, utilities, energy and healthcare sectors, alongside strong domestic liquidity and a supportive macroeconomic backdrop

Malaysia's Rising MHIT Costs Mainly Driven By Higher Healthcare Use -- World Bank

KUALA LUMPUR, April 28 (Bernama) -- Cost pressures in Malaysia’s medical and health insurance/takaful (MHIT) sector are driven mainly by higher utilisation of healthcare services and misaligned incentives, rather than sharp increases in treatment prices, according to a World Bank Group report.

Bursa Malaysia Ends At Intraday High On Improved Local Sentiment

KUALA LUMPUR, April 28 (Bernama) -- Bursa Malaysia rose 0.71 per cent to end at the day’s high on the back of improving local sentiment and selective buying in index-linked counters following the recent pullback.

Bursa Malaysia Stays Higher At Mid-Afternoon

KUALA LUMPUR, April 28 (Bernama) -- Bursa Malaysia stayed higher at mid-afternoon, supported by continued buying in selected artificial intelligence (AI)-related and financial counters.

AGC Biologics Honoured For Leadership In Regulatory, Quality Compliance

KUALA LUMPUR, April 28 (Bernama) -- AGC Biologics, a global biopharmaceutical contract development and manufacturing organisation (CDMO), has won the 2026 Fierce Outsourcing Award for Leadership in Regulatory and Quality Compliance.

Labuan IBFC To Intensify Digital Finance, Islamic Finance, Insurance Growth In 2026

KUALA LUMPUR, April 28 (Bernama) -- Labuan Financial Services Authority (Labuan FSA) will focus on intensifying market development and innovation in digital finance, Islamic finance and insurance as Labuan International Business and Financial Centre (Labuan IBFC) navigates a more challenging external environment in 2026.

Labuan IBFC Records US$94 Bln In Total Assets In 2025 - Market Report

KUALA LUMPUR, April 28 (Bernama) -- The Labuan International Business and Financial Centre (Labuan IBFC) recorded total industry assets of US$94 billion (US$1=RM3.95) in 2025, up 13 per cent from the previous year, reflecting continued resilience and growth momentum across key sectors.

Malaysia Ranks Among Top Countries Globally In AI Readiness - Juwai IQI

KUALA LUMPUR, April 28 (Bernama) -- Malaysia ranks among the top countries in artificial intelligence (AI) readiness, supported by strong adoption rates, public trust and continued investment in the digital economy, according to global real estate property technology group, Juwai IQI Holdings.

Amazon Signs Deal With Meta To Deploy AWS Graviton For AI

KUALA LUMPUR, April 28 (Bernama) -- Amazon has signed an agreement with Meta to deploy Amazon Web Services (AWS) Graviton processors at scale, marking a significant expansion of their long-standing partnership as Meta builds its next generation of artificial intelligence (AI).

Bursa Malaysia Ends Morning Session Higher

KUALA LUMPUR, April 28 (Bernama) -- Bursa Malaysia ended the morning trading session on a positive note, supported by buying interest in selected technology stocks, which saw increased demand following strong signals of growth in artificial intelligence (AI).