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MPOC Seeks EC Clarification On Malaysia's 'Standard Risk' Status

KUALA LUMPUR, May 23 (Bernama) -- The Malaysian Palm Oil Council (MPOC) will request clarification from the European Commission (EC) on its full benchmarking methodology used in its assessment on the ‘standard risk’ status given to Malaysia under the European Union Deforestation Regulation (EUDR).

Pos Malaysia Posts RM41.5 Mln 1Q Net Loss Amid Lower Postal, Logistics Revenue

KUALA LUMPUR, May 21 (Bernama) -- Pos Malaysia Bhd recorded a net loss of RM41.5 million for the first quarter ended March 31, 2025 (1Q 2025), widening from a net loss of RM19.6 million in the same quarter last year, weighed down by lower contributions from its postal and logistics segments.

Rubber Market Ends Mixed Amid Weaker Regional Futures Market

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, May 21 (Bernama) -- The Malaysian rubber market ended with mixed results today, following losses in the regional rubber futures market, said a dealer.

Public Bank Posts Higher Net Profit Of RM1.75 Bln In 1Q

KUALA LUMPUR, May 21 (Bernama) -- Public Bank Bhd reported a higher net profit of RM1.75 billion in the first quarter ended March 31, 2025 (1Q 2025) compared with RM1.65 billion in the same period last year.

Duck Creek Technologies Launches Formation ’25 To Redefine Insurance’s Future

KUALA LUMPUR, May 21 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has kicked off Formation ’25, its flagship customer conference, at the Signia by Hilton Bonnet Creek in Orlando, Florida.

Petronas Chemicals Shares Slip 4.57 Pct On Weaker 1Q2025 Earnings

KUALA LUMPUR, May 21 (Bernama) -- Petronas Chemicals Group Bhd (PCG) shares slipped by 4.57 per cent in early trading today after reporting weaker earnings for the first quarter ended March 31, 2025 (1Q2025).

Toshiba Unveils Compact 650V SiC MOSFETs For High-Efficiency Power Equipment

KUALA LUMPUR, May 20 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched four 650-volt (V) silicon carbide (SiC) MOSFETs, equipped with its latest third-generation SiC MOSFET chips and housed in a compact DFN8x8 package.

Rubber Market Ends Lower On Weaker Regional Futures Market

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, May 20 (Bernama) -- The Malaysian rubber market ended lower today, weighed down by weaker cues from regional rubber futures markets, a dealer said.

Petronas Chemicals Reports 1Q 2025 Net Loss Of RM18 Mln Despite Higher Revenue

KUALA LUMPUR, May 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) reported a net loss of RM18 million in the first quarter ended March 31, 2025 (1Q 2025) due to unrealised foreign exchange losses, unfavourable net foreign exchange impact from the specialities segment, among others, despite recording a higher revenue of RM7.66 billion.

Bursa Malaysia Confirms Unauthorised Trades Resolved, Investors Will Not Incur Losses 

KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia Bhd has confirmed that the issue involving unauthorised trades detected on April 24, 2025, has been resolved. Affected investors have been assured they will not suffer any losses from the incident.

Rubber Market Ends Higher On Regional Futures Uptrend

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, May 19 (Bernama) -- The Malaysian rubber market ended higher today, in tandem with the uptrend in regional rubber futures markets and a weaker ringgit against the dollar, a dealer said.

AM Best Affirms Excellent Ratings For China’s Ping An P&C

KUALA LUMPUR, May 19 (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 Ping An Property & Casualty Insurance Company of China Ltd (Ping An P&C), with a stable outlook for both ratings.