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Bursa Malaysia Ends Higher On Improved Sentiment Over Potential Strategic Oil Reserve Release

KUALA LUMPUR, March 11 (Bernama) -- Bursa Malaysia extended its upward trend to close higher on Wednesday, supported by improved market sentiment following reports of a potential release of strategic oil reserves aimed at easing the recent surge in global energy prices, said an analyst.

Bursa Malaysia Remains Higher At Mid-Afternoon

KUALA LUMPUR, March 11 (Bernama) -- Bursa Malaysia stayed higher at mid-afternoon on continued buying in selected heavyweights led by financial services and utilities sectors.

Computility Technology, BGMC Energy, Renikola Form Green Energy Alliance To Supply 630,000 MWh Annually

ISKANDAR PUTERI, March 10 (Bernama) -- Computility Technology (Malaysia) Sdn Bhd (CTDC), BGMC Energy Holdings Sdn Bhd (BGMC), and reNIKOLA Holdings Sdn Bhd have signed a strategic term sheet to establish a green energy alliance to supply about 630,000 megawatt hours (MWh) of renewable power annually.

Bursa Malaysia Higher At Midday, Tracking Gains In Most Regional Peers

By Zufazlin Baharuddin

KUALA LUMPUR, March 11 (Bernama) -- Bursa Malaysia remained higher at midday, tracking the upbeat performance of most regional peers.

Oil Price Shocks, Inflation and the Fragility of the Global Economy

By Dr Phar Kim Beng

Few economic indicators shape global stability as decisively as the price of oil. 

AM Best: Australia’s Guild Insurance Credit Ratings Unchanged After Partnership

KUALA LUMPUR, March 11 (Bernama) -- AM Best has commented that the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Australia’s Guild Insurance Limited (GIL) remain unchanged following the announcement of its new strategic partnership with EML Group.

Horizon Quantum Nears Merger With dMY, Announces Key Milestones

KUALA LUMPUR, March 11 (Bernama) -- Horizon Quantum Computing Pte Ltd (Horizon Quantum), a pioneer of software infrastructure for quantum applications, has achieved several milestones as it moves closer to completing its proposed business combination with dMY Squared Technology Group Inc (dMY).

Bursa Malaysia Opens Marginally Lower After Volatile Wall Street Session

By Zufazlin Baharuddin

KUALA LUMPUR, March 11 (Bernama) -- Bursa Malaysia opened marginally lower on Wednesday, tracking weaker performance on Wall Street, where all three major US indices ended well below their intraday highs after a volatile session.

Investors Should Diversify Portfolios Amid Oil Price Volatility - Asia School Of Business CEO

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, March 10 (Bernama) -- Investors should diversify their portfolios and consider shifting towards low-risk, higher-quality investments during periods of uncertainty caused by volatile oil prices, according to Asia School of Business chief executive officer and president Prof Joseph Cherian.

Bursa Malaysia Rebounds To Reclaim 1,700 Level At Close

By Zufazlin Baharuddin

KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data.

Bursa Malaysia Stays Higher At Midday In Line With Regional Market Gains

KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia remained higher at midday, tracking regional markets which rose after US President Donald Trump signalled a potential end to the war with Iran.

Horizon Quantum Unveils Anticipated Board Members, Chief Legal Officer 

KUALA LUMPUR, March 10 (Bernama) -- Horizon Quantum Holdings Ltd (Horizon Quantum) has announced expected new members of its board of directors and a key addition to its leadership team.