LATEST NEWS   At 6 pm, the ringgit rose to 4.0555/0600 versus the US dollar from Thursday’s close of 4.0650/0690 | MAG group CEO Captain Nasaruddin A. Bakar's appointment to the IATA board is for a three-year term until 2029 | Malaysia Aviation Group president and group CEO Captain Nasaruddin A. Bakar has been appointed to the IATA board of governors | The peace Malaysia enjoys today demonstrates that religious tolerance and harmony can be achieved - PM Anwar | Religious leaders must address the needs of young people amid growing AI-driven disinformation - Perak Sultan | 

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KLCI Futures Close Higher, Tracking Cash Market Performance

KUALA LUMPUR, June 12 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended higher today, reflecting the performance of the underlying cash market.

PM Anwar Calls For More Companies To Leverage 5G, Strengthen The Digital Economy

KUALA LUMPUR, June 12 (Bernama) -- More companies need to leverage 5G technology to boost productivity, innovation and competitiveness in an effort to strengthen the country’s digital economy, said Prime Minister Datuk Seri Anwar Ibrahim.

Selangor Strengthens Sustainability Agenda Through RM2 Bln WTE Investment

KUALA SELANGOR, June 12 (Bernama) --  The Selangor government, through its subsidiary Worldwide Holdings Bhd (Worldwide), has invested approximately RM2 billion to develop three waste-to-energy (WTE) plants as part of a long-term plan to improve sustainable solid waste management in the state.

Attractive Valuations Drive Buying, Bursa Malaysia Ends Higher

KUALA LUMPUR, June 12 (Bernama) -- Selected blue-chip counters trading at attractive valuations helped Bursa Malaysia close higher on Friday, despite cautious market sentiment driven by developments in West Asia, volatility in crude oil prices and uncertainty over the global interest rate outlook.

NetBox Labs Launches Infrastructure Intelligence Platform

KUALA LUMPUR, June 12 (Bernama) -- NetBox Labs has launched its infrastructure intelligence platform, a unified system designed to help technology infrastructure teams model, monitor, automate and govern infrastructure operations using artificial intelligence (AI)-enabled tools.

Chow: Penang Govt To Check Development Status Of Taman Manggis Land With Developer

BUTTERWORTH, June 12 (Bernama) -- The Penang state government will obtain information from the developer regarding the current status of a piece of land in Taman Manggis, George Town, which is alleged to still be undeveloped despite having been sold for development purposes.

Galatek Opens Penang Facility, Commits To US$100 Mln Investment Within 5 Years

BUTTERWORTH, June 12 (Bernama) -- Galatek Technologies (Galatek) has opened its manufacturing, assembly and delivery facility in Penang, further strengthening Malaysia’s position as a strategic hub for advanced manufacturing and semiconductor industry development.

Global Tech Giants Agibot And Huawei Enter Johor

KULAI, June 12 (Bernama) -- Johor has officially positioned itself as a premier regional force in high-tech investment, securing partnerships with global technology titans, including Huawei and Agibot, to anchor the landmark RM80 billion Johor Tech Smart City project.

Bursa Malaysia Stays Higher At Midday On Improved Risk Appetite

KUALA LUMPUR, June 12 (Bernama) -- Bursa Malaysia ended the morning session in positive territory as investors' risk appetite improved following the strong overnight rebound on Wall Street.

Brent Oil Prices Trend Below US$90 Per Barrel On Friday's Open

KUALA LUMPUR, June 12 (Bernama) -- Brent oil prices closed at US$90.4 per barrel (bbl) and trended below the US$90.0/bbl threshold on Friday’s open on renewed optimism over a potential Iran deal (US$1=RM4.05). 

Bursa Malaysia Gains In Early Trade On Improved Risk Appetite

KUALA LUMPUR, June 12 (Bernama) -- Bursa Malaysia opened higher on Friday, taking cues from Wall Street, which staged a sharp rally led by technology stocks after United States (US) President Donald Trump made positive remarks regarding the prospects for a deal in West Asia.

Ringgit Opens Higher Against Greenback, Most Regional Peers

KUALA LUMPUR, June 12 (Bernama) -- The ringgit opened higher against the US dollar and was mostly firmer against regional peers on Friday amid easing geopolitical tensions in West Asia, which lifted sentiment towards the local note.