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Bursa Malaysia Stays Lower At Midday On Selling Pressures

KUALA LUMPUR, Feb 4 (Bernama) -- Bursa Malaysia continued its downward momentum at midday as selling activities persisted in selected heavyweight counters, led by financial services, industrial products and services, as well as the utilities counters.

Dassault Systemes, Nvidia In Pact To Build Industrial AI Platform Powering Virtual Twins

HOUSTON, Feb 3 (Bernama) -- French software giant Dassault Systemes and Nvidia have forged a long-term strategic partnership to build a shared industrial architecture for mission-critical artificial intelligence (AI), aimed at accelerating the use of science-based “virtual twins” across multiple industries.

Ringgit Opens Higher Against US Dollar Amid Mixed Fed Rate Views

KUALA LUMPUR, Feb 4 (Bernama) -- The ringgit opened higher against the US dollar on Wednesday amid mixed views among the United States Federal Reserve (Fed) officials on interest rates.

IILM Short-term Sukuk Portfolio Hits US$6.795 Bln

KUALA LUMPUR, Feb 3 (Bernama) --  The International Islamic Liquidity Management Corporation (IILM), the world’s leading issuer of shariah-compliant short-term liquidity instruments, said its outstanding sukuk portfolio reached a record US$6.795 billion (US$1 = RM3.93), up 64 per cent from US$4.14 billion a year ago.

MEF Welcomes Government’s Timely Push For Stronger Business Ecosystem

KUALA LUMPUR Feb 3 (Bernama) -- The Malaysian Employers Federation (MEF) said the government’s push for tougher rules, stronger enforcement and a more supportive business ecosystem is timely amid intensifying global competition on the domestic front.

SGX-listed Mooreast Eyes Collaboration With Sime Darby Unit On Offshore, Renewables

SINGAPORE, Feb 3 (Bernama) -- Mooring solutions provider Mooreast Holdings Ltd said it is collaborating with Sime Darby Joy Industries Sdn Bhd, a unit of Sime Darby Bhd, on offshore business opportunities, including renewable energy.

Ringgit Ends Higher Vs US Dollar, Regional Currencies on Continued Optimism On Malaysia's Growth

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Feb 3 (Bernama) -- The ringgit closed higher against the US dollar, other major currencies and ASEAN peers on Tuesday on continued optimism over Malaysia’s economic growth prospects.

Bursa Malaysia Extends Gains On Bargain Hunting

KUALA LUMPUR, Feb 3 (Bernama) -- Bursa Malaysia ended modestly higher today on bargain hunting, extending its recovery from last week’s pullback, although the upside momentum faded after an early peak, said an economist.  

Malaysia Positioned As Key Entry Point For India’s Regional Trade Expansion -- Academician

KUALA LUMPUR, Feb 3 (Bernama) -- India is increasingly viewing Malaysia as a strategic gateway to expand its economic footprint in Southeast Asia, using the country as a springboard to deepen trade and business engagement across the region, an academician said.

North Atlantic France Announces Tender Offer Schedule

KUALA LUMPUR, Feb 3 (Bernama) -- North Atlantic France SAS has completed the acquisition of ExxonMobil France Holding SAS’s (ExxonMobil) entire stake in North Atlantic Energies, formerly known as Esso Société Anonyme Française SA, representing 82.89 per cent of the company’s share capital and voting rights.

MISC Secures 20-year LNG Shipping Contract From Petronas LNG

KUALA LUMPUR, Feb 3 (Bernama) -- MISC Bhd has received a letter of award (LoA) from PETRONAS LNG Ltd (PLL) for the provision of long-term liquefied natural gas (LNG) shipping services, involving three newbuild LNG carriers.

Bursa Malaysia Stays Up At Midday On Buying Of Blue Chips

KUALA LUMPUR, Feb 3 (Bernama) -- Bursa Malaysia pared gains but stayed up at midday on persistent buying activities in selected heavyweight counters, especially in financial services, telecommunications and media.