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Sarawak Consolidated Industries Completes RM113 Mln Subsidiary Disposal

KUALA LUMPUR, May 22 (Bernama) -- Sarawak Consolidated Industries Bhd (SCIB) has completed the disposal of its subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) for RM113 million.

ADB Visit Underscores Labuan’s Role As O&G, Financial Services Gateway

By Jailani Hasan

LABUAN, May 22 (Bernama) -- The Asian Development Bank’s (ADB) official visit to Labuan has renewed attention on the duty-free island’s strategic economic position as an offshore oil and gas support base, international financial centre and maritime gateway.

Bursa Malaysia Opens Lower Tracking Wall Street’s Weaker Performance

KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia opened lower today, tracking Wall Street’s weaker performance overnight as bond yields soared over concerns that recent high inflationary data may force the US Federal Reserve to hike rates.

New CBU EV Policy To Strengthen Local EV Industry Ecosystem - PEKEMA

By Muhammad Adil Muzaffar Mohd Fisol

CYBERJAYA, May 19 (Bernama) -- New government guidelines tightening the importation of completely built-up (CBU) electric vehicles (EVs) are expected to accelerate the development of Malaysia’s local EV ecosystem, according to the Bumiputera Car Dealers Association, better known as Persatuan Pengimpot dan Peniaga Kenderaan Melayu Malaysia (PEKEMA).

Media Practitioners Seek Stronger AI Ethics, Fact-checking Collaboration

From Nurunnasihah Ahmad Rashid

KAZAN (Russia), May 14 (Bernama) — Media practitioners has expressed the need for ethical and human-centric use of artificial intelligence (AI) to safeguard cultural heritage, media integrity and public trust amid rapid digital transformation, during the “Heritage Code: The Digital Evolution of Meanings” media forum.

Malaysia Domestic Trade Activity Remains Robust Amid Geopolitical Uncertainties - KPDN

KUALA LUMPUR, May 14 (Bernama) -- Malaysia’s domestic trade activity remains resilient and continues to expand amid ongoing geopolitical uncertainties, according to the Ministry of Domestic Trade and Cost of Living (KPDN).

Bursa Malaysia Ends Marginally Lower As Banking Stocks Weigh On Market

By Siti Noor Afera Abu

KUALA LUMPUR, May 14 (Bernama) -- Bursa Malaysia closed slightly lower today, dragged down by banking counters as investors took profit from recent gains amid cautious regional sentiment ahead of clearer indications from talks between United States President Donald Trump and Chinese President Xi Jinping.

MAHB Optimistic On Outlook, Urges Greater Aviation-tourism Collaboration To Boost Passenger Traffic

From Kisho Kumari Sucedaram 

BANGKOK, May 14 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB), which remains optimistic on its outlook this year despite ongoing geopolitical uncertainties in West Asia, has called for greater cooperation across the aviation and tourism ecosystem to increase passenger traffic and support Malaysia’s aviation ambitions.

Bursa Malaysia Ends Lower As Investors Remain Cautious Amid Macro, Geopolitical Concerns

By Siti Noor Afera Abu

KUALA LUMPUR, May 13 (Bernama) -- Bursa Malaysia ended lower today, reversing yesterday’s gains, as investor sentiment remained cautious amid subdued trading activity, with participants continuing to assess the broader macroeconomic and geopolitical environment.

Malaysia Must Prioritise Resilience In New Global Order -- Liew

SUBANG JAYA, May 13 (Bernama) -- Malaysia is experiencing a consequential shift in the global order, necessitating a move away from the traditional pursuit of economic efficiency toward prioritising resilience, said Deputy Finance Minister Liew Chin Tong.

Hong Kong, New Zealand Among Easiest Business Hubs

KUALA LUMPUR, May 13 (Bernama) -- Hong Kong and New Zealand ranked among the world’s 10 least complex jurisdictions for doing business, supported by stable regulatory environments and strong digital infrastructure, according to TMF Group’s latest Global Business Complexity Index (GBCI).

Negeri Sembilan Poised To Transform Into High-value Manufacturing Hub -- Sim

SEREMBAN, May 12 (Bernama) -- Industrial development in Negeri Sembilan is now entering a new phase as the state is transitioning from an assembly and support hub to a high-value manufacturing hub, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.