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Ringgit Closes Higher Vs US Dollar, Regional Currencies

By Abdul Hamid A Rahman

KUALA LUMPUR, April 29 (Bernama) -- The ringgit closed higher against the US dollar and regional currencies, due to easing crude oil concerns following the United Arab Emirates’ (UAE) exit from the Organization of the Petroleum Exporting Countries (OPEC) pact.

HOK Strengthens Sports, Recreation And Entertainment Practice With ROSSETTI Acquisition

KUALA LUMPUR, April 29 (Bernama) -- HOK has announced the acquisition of ROSSETTI, a Detroit-based architecture firm, to strengthen its position as one of the leading sports, recreation and entertainment design practices.

Abaxx Launches First Gold Spot Trade

KUALA LUMPUR, April 29 (Bernama) -- Abaxx Technologies Inc (Abaxx) has announced the execution of the first trades on its Abaxx Spot Gold Pool, marking the operational debut of its physical gold marketplace.

Labuan Corp Advisory Council Urges CVLB To Set Up Labuan Branch To Boost Transport, Logistics Industry

LABUAN, April 29 (Bernama) -- The Commercial Vehicles Licensing Board (CVLB) has been urged to establish a branch here to facilitate dealings by transport and logistics companies operating on the island.

AM Best Affirms Guild Insurance Credit Ratings At Excellent

KUALA LUMPUR, April 29 (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 Australia’s Guild Insurance Limited (GIL), with the outlook for both credit ratings (ratings) remaining stable.

Mavenir Packet Core Goes Live With Japan's Rakuten Mobile

KUALA LUMPUR, April 29 (Bernama) -- Mavenir, the software company building artificial intelligence (AI)-by-design mobile networks, announced that its Converged Packet Core is now live in Rakuten Mobile’s nationwide mobile network, deployed on Rakuten Cloud Platform.

JPMorganChase Named First Olympic Games Banking Partner

KUALA LUMPUR, April 29 (Bernama) -- United States (US)-based financial services firm, JPMorgan Chase & Co (JPMorganChase) and The International Olympic Committee (IOC) have announced a landmark Worldwide Olympic Partnership, making JPMorganChase the first Global Banking Partner in Olympic history.

Sharp Malaysia Enhances Consumer Engagement Via Japan's Nojima Tie-up

KUALA LUMPUR, April 29 (Bernama) -- Sharp Electronics (Malaysia) Sdn Bhd is enhancing consumer engagement via its collaboration with Japanese electrical appliances retailer Nojima Malaysia, alongside plans to expand its broader Japanese brand ecosystem.

RHB, Petronas Partner On Sustainable Vendor Financing

KUALA LUMPUR, April 29 (Bernama) -- RHB Bank Bhd (RHB) and Petroliam Nasional Bhd (Petronas) have entered into a memorandum of understanding to collaborate on the implementation of a Sustainable Vendor Financing Programme (SVFP).

1,729 Jobs Created At Lahad Datu Palm Oil Industrial Cluster - Ewon

KOTA KINABALU, April 29 (Bernama) -- The Palm Oil Industrial Cluster (POIC) in Lahad Datu has created 1,729 job opportunities to date, with 85 per cent of them filled by locals, including youth from the area, said Deputy Chief Minister III Datuk Ewon Benedick.

Shopee Launches RM150 Mln 'Shopee Lindung Niaga' Initiative To Support Malaysian MSMEs

KUALA LUMPUR, April 29 (Bernama) -- Shopee has launched Shopee Lindung Niaga, a RM150 million initiative designed to support Malaysian micro, small and medium enterprises (MSMEs) through practical measures across shipping, working capital and fulfilment.

Labuan Corporation Advisory Council Supports Oil Refinery Proposal

LABUAN, April 29 (Bernama) — The Labuan Corporation Advisory Council has unanimously agreed to support a proposal to establish an oil refinery on the island, describing it as a strategic move to spur economic growth and create employment opportunities.