| LATEST NEWS | At 6 pm, the ringgit depreciated to 3.9220/9260 against the US dollar from 3.9185/9230 at last Friday’s close. | Congestion and scanner shortage issues at Linkedua to be brought to KDN's attention - Loke | Police bust two drug syndicates, seize drugs worth RM4.7 million in Johor Bahru | A total of 60,000 students are targeted to benefit from the MyLesen B2 Sekolah (MyB2S) programme, with an allocation of RM18.5 million - Anthony Loke | Three people detained to assist in probe into fatal shooting in Skudai on May 9 - Police | |
KUALA LUMPUR, May 11 (Bernama) -- Permaju Industries Bhd's wholly-owned subsidiary Capital Intertrade Sdn Bhd (CISB) is ceasing its Ford dealership operations, having served a notice of company closure and surrender of operations to Sime Darby Auto ConneXion Sdn Bhd (Sime Darby Auto).
KUALA LUMPUR, May 11 (Bernama) -- India-based Vedanta Limited, a global leader in metals, oil & gas, critical minerals, power and technology, posted a record profit of US$2.8 billion for the financial year ended March 31, 2026, up 22 per cent year-on-year (YoY), driven by structurally strong businesses and disciplined execution. (US$1 = RM3.91)
By Siti Noor Afera Abu
KUALA LUMPUR, May 11 (Bernama) -- Late selling pressure dragged Bursa Malaysia into negative territory at the close, reversing earlier gains as profit-taking in heavyweight banking and transportation counters dampen overall market sentiment.
KUALA LUMPUR, May 11 (Bernama) -- CYNREN has launched as an independent international advisory firm focused on the intersection of capital, technology and geopolitics.
KUALA LUMPUR, May 11 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to Taiwan’s Tokio Marine Newa Insurance Co Ltd (TMNewa), with a stable outlook.
KUALA LUMPUR, May 11 (Bernama) -- BMI, a unit of Fitch Solutions, expects Bank Negara Malaysia (BNM) to leave the overnight policy rate (OPR) on hold at 2.75 per cent at its next meeting on July 9, following the central bank’s May 7 rate decision.
KUALA LUMPUR, May 11 (Bernama) -- The 139th Canton Fair in Guangdong Province concluded with a record number of overseas buyers, underscoring continued global demand for Chinese products and manufacturing innovation.
KUALA LUMPUR, May 11 (Bernama) -- Malaysia wants original equipment manufacturers (OEMs) to collaborate with local vendors to level up the entire value chain and ecosystem via the new electric vehicle (EV) policy, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.
KUALA LUMPUR, May 11 (Bernama) -- Malaysia’s volume index of services recorded a year-on-year growth of 5.8 per cent in the first quarter (1Q) of 2026, reaching 168.0 points, according to the Department of Statistics Malaysia (DOSM).
KUALA LUMPUR, May 11 (Bernama) -- TSplus, a French software company, centred its annual International Meeting on collaboration and shared purpose during a six-day event held in Greece.
KUALA LUMPUR, May 11 (Bernama) -- Quantum Motion announced a US$160 million Series C funding round to commercialise its silicon transistor-based quantum computing technology designed for scalable and energy-efficient deployment. (US$1 = RM3.91)
KUALA LUMPUR, May 11 (Bernama) -- Bank Negara Malaysia (BNM) and Bank Indonesia (BI) have signed a new memorandum of understanding (MoU) that strengthens bilateral cooperation between the two central banks.
