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Procurement Falls Behind As AI Investment Lags, SAP Taulia Finds

KUALA LUMPUR, Nov 25 (Bernama) -- The procurement function continues to lag in artificial intelligence (AI) adoption due to chronic underinvestment, even as AI uptake accelerates across industries, with only 35 per cent of global leaders prioritising procurement and supply chain management for AI investment and growth, according to new data from SAP Taulia’s AI in Procurement Report.

TM Share Rises In Early Trade On Promising 3Q Result

KUALA LUMPUR, Nov 25 (Bernama) -- Telekom Malaysia Bhd’s (TM) share price surged in the early trade on Tuesday after posting an encouraging third quarter (3Q) result, driven by growth in data services and data centres amid positive outlook.

KLCI Futures Mostly Higher In Early Trade

KUALA LUMPUR, Nov 25 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures were higher in the early session today.

Bursa Malaysia Opens Flat, Edges Higher In Early Trade

KUALA LUMPUR, Nov 25 (Bernama) -- Bursa Malaysia opened almost flat on Tuesday and edged slightly higher in the early session amid renewed optimism, tracking Wall Street's overnight rally.

Ringgit Opens Firmer Against Greenback, Set To Reach RM4.10 By Year-end

KUALA LUMPUR, Nov 25 (Bernama) -- The ringgit opened slightly firmer against the US dollar, aligning with forecasts to reach RM4.10 by year-end, as dovish remarks by US Federal Reserve officials weakened the greenback.

Gold Futures End Higher Amid Softer US Dollar

KUALA LUMPUR, Nov 24 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher on Monday, supported by a softer US dollar amid expectations of a US Federal Reserve (Fed) rate cut next month.

Malaysia-Guangxi Bilateral Trade 26 Pct Higher To Over US$2.05 Bln In 2024

KUALA LUMPUR, Nov 24 (Bernama) -- The bilateral import and export trade between Malaysia and Guangxi, an autonomous region in southern China, has increase by 26 per cent to over US$2.05 billion (US$1=RM4.1370) last year, according to the Department of Industry and Information Technology of Zhuang Autonomous Region.

Ringgit Strengthens Against US Dollar On Improved Market Sentiment

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 24 (Bernama) -- The ringgit rose against the US dollar on Monday, supported by improved sentiment as diminished expectations for a December United States interest rate cut alleviated pressure on emerging-market currencies.

Bursa Malaysia's Key Index Regains Ground To End Marginally Higher

By Anas Abu Hassan

KUALA LUMPUR, Nov 24 (Bernama) -- Bursa Malaysia's benchmark index reversed earlier losses to close marginally higher on Monday, tracking positive movement on most regional markets amid renewed optimism on potential United States (US) interest rate cut.

Bursa Malaysia Lower At Mid-Afternoon

KUALA LUMPUR, Nov 24 (Bernama) -- Bursa Malaysia stayed marginally lower at mid-afternoon amid a cautious mode, dragged by heavy selling in selected heavyweights led by Petronas Chemicals.

AM Best Affirms NongHyup P&C Ratings; Outlook Stable

KUALA LUMPUR, Nov 24 (Bernama) -- AM Best has affirmed South Korea’s NongHyup Property and Casualty Insurance Company Limited (NH P&C) financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent), with a stable outlook.

Bursa Malaysia Ends Morning Session Slightly Lower

KUALA LUMPUR, Nov 24 (Bernama) -- Bursa Malaysia retreated to end the morning trading session marginally lower today due to cautious sentiments, as investors remain watchful of external risks.