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UEM Group Channels RM5.5 Bln On Bumiputera Procurement From 2023-2025

KUALA LUMPUR, May 13 (Bernama) -- UEM Group Bhd and its subsidiaries spent a total of RM5.5 billion on procurement from Bumiputera vendors and suppliers between 2023 and 2025, said managing director Datuk Amran Hafiz Affifudin.

Proposed OTP Clause Could Provide Protection For Home Buyers, Developers - REHDA

KUALA LUMPUR, May 13 (Bernama) -- The proposed “Option to Purchase” (OTP) clause under the new housing law could provide greater protection for prospective home buyers while helping developers to better gauge genuine market interest and reduce the risk of abandoned projects, said the Real Estate and Housing Developers’ Association (Rehda).

Allianz General Boosts Business Resilience With Tailored Solutions

KUALA LUMPUR, May 12 (Bernama) -- Allianz General Insurance Company (Malaysia) Bhd said it was committed to empowering small and medium enterprises (SMEs) with tailored insurance solutions to strengthen resilience and help them adapt to an evolving risk environment amid economic headwinds.

Malaysia's MRO Market On Track To Achieve RM55 Bln Revenue Target By 2030 - Sim

KUALA LUMPUR, May 13 (Bernama) -- Malaysia’s maintenance, repair and overhaul (MRO) market is on track to achieve RM55 billion in revenue target by the end of 2030 under the Malaysia Aerospace Industry Blueprint (MAIB) 2030, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.

Bursa Malaysia Opens Slightly Lower Amid Lack Of Fresh Catalysts

KUALA LUMPUR, May 13 (Bernama) -- Bursa Malaysia opened marginally lower in early trading today amid an absence of fresh market catalysts, with profit-taking expected today.

Johor Entrepreneurs Urged To Grab Global Supply Chain ​​Opportunities Via JS-SEZ

JOHOR BAHRU, May 12 (Bernama) -- Micro, small and medium enterprises (MSMEs) in Johor are urged to take advantage of development and seize opportunities through the Johor-Singapore Special Economic Zone (JS-SEZ) as a key platform to penetrate the global supply chain.

Significant Opportunities For Malaysia, China To Deepen Collaboration In Palm Oil Sector -- Noraini

KUALA LUMPUR, May 12 (Bernama) -- Malaysia and China share significant opportunities to deepen collaboration in value-added industries for palm oil, particularly as demand continues to grow for sustainable, performance-driven, and application-specific palm-based products.

Liew Denies Saying Govt Is Mulling 150-litre RON95 Limit

KUALA LUMPUR, May 12 (Bernama) -- Deputy Finance Minister Liew Chin Tong denied announcing that the government is mulling a 150-litre petrol RON95 limit under the BUDI95 programme.

Ringgit Ends Higher Against Most Major Currencies, Weaker Versus US Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, May 12 (Bernama) -- The ringgit closed higher against most major currencies, but eased versus the greenback amid expectations that firmer United States inflation could reinforce the US Federal Reserve’s restrictive monetary policy stance, thereby supporting demand for the US dollar.

KLCI Futures Close Higher

KUALA LUMPUR, May 12 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed higher on Tuesday, in line with the gains in the cash market.

PayDibs Strengthens PayNet Ecosystem Participation With Direct Duitnow QR Access

KUALA LUMPUR, May 12 (Bernama) -- Paydibs Sdn Bhd has onboarded as a direct participant with Payments Network Malaysia (PayNet) for DuitNow QR (DNQR) acceptance, marking a significant upgrade for the payment service provider's infrastructure.

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.