OIC Member States Must Foster Collaboration On Financial Ecosystems, Strengthen Digital Payment - Fahmi

From Kisho Kumari Sucedaram

ISTANBUL, Nov 4 (Bernama) -- The Organisation of Islamic Cooperation (OIC) member states must prioritise the sharing of best practices and foster robust collaboration among Islamic nations to develop modern, efficient and inclusive financial ecosystems, effectively phasing out outdated traditional methods.

CPO Futures Rally On Higher Crude, Soybean Oil Prices

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 4 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to above RM4,900 per tonne for November and December 2024 contracts, supported by higher crude oil and soybean oil prices, a trader said.

Gold Futures End Lower Amid Ongoing US Political Uncertainties, Middle East Tensions

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 4 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower on Monday but remained buoyed by ongoing political uncertainties in the United States and Middle East geopolitical tensions, said an analyst.

Sabah Electricity Appeals For Federal Govt Financial Support

KOTA KINABALU, Nov 4  (Bernama) -- Sabah Electricity Sdn Bhd (Sabah Electricity) has insufficient funds and needs federal government financial support to ensure a sustainable power supply, said chairman Datuk Seri Wilfred Madius Tangau.

Bina Puri Holdings Bags RM113.29 Mln Contract For Water Supply Project In Sarawak

KUALA LUMPUR, Nov 4 (Bernama) -- Bina Puri Holdings Bhd's (Bina Puri) wholly-owned subsidiary, Bina Puri Builder Sdn Bhd (BPB), has been awarded a RM113.29 million contract by Tokoh Ilham Sdn Bhd for a water supply project in Serian, Sarawak.

Bintai Kinden's Unit Bags RM61.22 Mln Construction Job In Melaka

KUALA LUMPUR, Nov 4 (Bernama) -- Bintai Kinden Corporation Bhd's wholly owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has secured a RM61.22 million construction contract from N&T Asset Sdn Bhd.

Ringgit Ends Firmer Against Greenback Amid Heightened Uncertainty Ahead Of US Election

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 4 (Bernama) -- The ringgit ended firmer against the greenback on Monday ahead of an expected US interest rate cut this week amid the heightened uncertainties over the US presidential election tomorrow, said an economist. 

AM Best Withdraws Generali Life Hong Kong’s Ratings

KUALA LUMPUR, Nov 4 (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 Generali Life (Hong Kong) Limited (Generali Hong Kong).

CRH Develops Wind Farm To Support Romanian Cement Factory

KUALA LUMPUR, Nov 4 (Bernama) -- CRH, the provider of building materials solutions, has developed a new wind farm to provide renewable electricity to its Medgidia Cement Plant in Romania, the first of its kind in the country to exclusively power a cement plant.

Steen Lomholt-Thomsen Joins NIQ As CCO To Focus On Global Growth, Client Strategy

KUALA LUMPUR, Nov 4 (Bernama) -- NielsenIQ (NIQ), the world’s leading consumer intelligence company, has appointed Steen Lomholt-Thomsen as its new Chief Commercial Officer (CCO), based in NIQ’s Geneva, Switzerland office, effective Nov 1.

U Mobile's Selection As Second 5G Provider Set To Boost Competition In Malaysia's Telecom Sector - Analyst

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 4 (Bernama) -- U Mobile Sdn Bhd is envisioned to compete more robustly and narrow the gap with other major players in the country, creating a more equitable landscape in Malaysia's telecommunications sector.

MIDF Aims To Allocate RM200 Mln To SMEs Through Future Ready Financing Initiative

KUALA LUMPUR, Nov 4 (Bernama) -- Malaysian Industrial Development Finance Bhd (MIDF) aims to allocate RM200 million to small and medium enterprises (SMEs) through the newly launched Future Ready Financing (FRF) initiative.