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CPO Futures Close Lower On Weaker Export Pace, Snapping Four-day Winning Streak

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a four-day winning streak to end lower today as a weaker export pace weighed on prices, said a dealer.

Malaysia Poised To Become ASEAN's Regional Hub For EV Manufacturing -- Liew Chin Tong

KUALA LUMPUR, Nov 12 (Bernama) -- Malaysia has significant potential to become a regional hub for electric vehicle (EV) manufacturing in ASEAN, thanks to its 40-year history in automotive production since 1983 and its strong semiconductor cluster, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong.

Gold Futures Extend Losses To Finish Lower

KUALA LUMPUR, Nov 12 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today amid a stronger US dollar, while tracking losses in the US COMEX gold market.

Forest City Positioned To Become Key Business And Investment Hub -- Country Garden

KUALA LUMPUR, Nov 12 (Bernama) -- Forest City in Johor is emerging as a strategic hub for businesses and investors, supported by great air and sea connectivity, and is focused on creating economic growth and sustainability, according to its Chinese developer Country Garden Group.

FBM KLCI Futures End Lower

KUALA LUMPUR, Nov 12 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended lower today. 

Ringgit Extends Fall Against Greenback Ahead Of US Inflation Data

By Anas Abu Hassan

KUALA LUMPUR, Nov 12 (Bernama) -- The ringgit continued to close lower against the greenback on Tuesday as the American dollar extended its rally ahead of speeches by US Federal Reserve (Fed) officials this week and US inflation data tomorrow, an economist said.

Bank Islam, PMB Investment Forge Strategic Alliance To Expand Shariah-Compliant Investment Opportunities

KUALA LUMPUR, Nov 12 (Bernama) -- PMB Investment Bhd and Bank Islam Malaysia Bhd (BIMB) have signed a memorandum of understanding (MoU) to establish a strategic collaboration aimed at expanding Shariah-compliant investment opportunities.

Bursa Malaysia Ends Marginally Lower On Last-minute Selling

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia failed to sustain the buying momentum seen in most part of the day to end marginally lower on last-minute selling, amid the weaker performance in regional peers.

Hartalega 2Q Net Profit Slips To RM8.63 Mln

KUALA LUMPUR, Nov 12 (Bernama) -- Hartalega Holdings Bhd posted a lower net profit of RM8.63 million for the second quarter (2Q) ended Sept 30, 2024 (FY2025) compared to RM27.70 million in the same quarter last year.

 

Malaysia's IPO Surge Reflects Investor Confidence In Local Bourse

KUALA LUMPUR, Nov 12 (Bernama) – Bursa Malaysia Bhd is experiencing a resurgence in initial public offerings (IPOs) as 2024 draws to a close, reflecting renewed investor confidence in the local bourse.

Unit Price Index Of Steel And Metal Down By -0.6 Pct To -4.9 Pct In October -- DOSM

KUALA LUMPUR, Nov 12 (Bernama) -- The unit price index of steel and metal recorded a decrease between -0.6 per and -4.9 per cent in most parts of Malaysia in October 2024, said the Department of Statistics Malaysia (DOSM). 

Bursa Malaysia Stays Higher At Midday

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia’s key index remained positive at midday today, mainly boosted by plantation stocks.