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AWS re:Invent 2024: Grab Partners AWS To Drive Growth And Efficiency Across ASEAN

From Anas Abu Hassan

LAS VEGAS, Dec 4 (Bernama) -- Amazon Web Services Inc (AWS) announced on Wednesday that Southeast Asian super app Grab Holdings Inc has chosen AWS as its preferred cloud provider to enhance operational efficiency across eight ASEAN countries.

Bursa Malaysia Extends Positive Momentum In Early Session

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia extended its positive momentum in the early session on Thursday, tracking the upbeat performance on Wall Street overnight amid improving consumer confidence.

Ringgit Strengthens Against US Dollar In Early Trade

KUALA LUMPUR, Dec 5 (Bernama) -- The ringgit strengthened against the US dollar in early trade on Thursday on the back of improved buying sentiment towards the domestic currency, said an analyst. 

CPO Futures End Lower In Anticipation Of Sluggish Export Demand

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 4 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed yesterday’s gains to end lower today in anticipation of sluggish export demand. 

Malaysia Boosts Halal Trade Relations With Indonesia Amid Two-way Trade Growth

JAKARTA, Dec 3 (Bernama) -- The Malaysian embassy together with the main agencies are working to strengthen the export of halal products to Indonesia, with bilateral trade between the two countries expected to reach US$25 billion (RM111.25 billion) to US$26 billion (RM115.7 billion) this year.

Global Shipping Costs To Remain High Amid Tariff Threats, Red Sea Challenges

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 1 (Bernama) -- Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing challenges in the shipping industry, including US President-elect Donald Trump’s tariff threats and the situation in the Red Sea.

Prioritise Domestic Shipping To Boost Green Initiatives, Support Local Vessel Usage, Says MASA

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 1 (Bernama) – The government must prioritise the domestic shipping industry to advance green shipping and simultaneously develop a new national shipping policy to address long-standing gaps in the sector, said a shipping industry association.

Ringgit Closes Higher, Mirroring Regional Trend

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 29 (Bernama) -- The ringgit closed marginally higher against the greenback in the month's final trading day, reflecting broader strength in some regional currencies.

Malaysia Needs More Than Policies For Green Port Transformation -- Port Klang Authority

KUALA LUMPUR, Nov 29 (Bernama) -- The greening of Malaysia’s port sector needs more than policies for green port and sustainable practice transformation, said Port Klang Authority (PKA) general manager Captain Subramaniam Karuppiah.

Ringgit Ends Flat In Quiet Trading Ahead Of US Thanksgiving Holiday

By Anas Abu Hassan

KUALA LUMPUR, Nov 28 (Bernama) -- The ringgit ended flat against the US dollar on Thursday in a quiet trading session due to significantly reduced demand from key investors ahead of the US Thanksgiving holiday, an analyst said.

Transport Ministry Forms Committee To Review Maritime Law, Port Acts

KUALA LUMPUR, Nov 28 (Bernama) -- The Transport Ministry has formed the Malaysia Maritime Law Revision Committee (MLRC) to review and update the Merchant Shipping Ordinance (MSO) 1952 and the respective Port Acts to ensure they remain relevant and effective in the face of evolving industry practices, international standards, and maritime treaties, said its minister, Anthony Loke Siew Fook.

Bursa Malaysia Bucks Regional Trend To End Higher, Blue Chips Keep CI Above 1,600

KUALA LUMPUR, Nov 26 (Bernama) -- Bursa Malaysia bucked the mostly weaker regional market trend at the close today, with a stellar performance by heavyweights supporting the key index to stay above the psychologically 1,600 level.