Ringgit Set To Trade Between 3.94 And 3.96 Against US Dollar Next Week

KUALA LUMPUR, May 16 (Bernama) -- The ringgit is expected to trade within a narrow range of between RM3.94 and RM3.96 against the US dollar next week.

LSH Capital Receives RAC Letter Of Offer For RM197.9 Mln Land Project

KUALA LUMPUR, May 15 (Bernama) -- Lim Seong Hai Capital Bhd (LSH) has received an offer letter from Railway Assets Corporation (RAC) for the proposed sale and development of two parcels of land with a combined value of RM197.90 million in Petaling, Selangor.

Taiwan’s ALP Launches RM500 Mln Smart Cold Chain Facility In Shah Alam

KUALA LUMPUR, May 15 (Bernama) -- Taiwan property developer and operator of smart logistics infrastructure company, Ally Logistic Property (ALP), has launched its first purpose-built smart cold chain facility in Malaysia and second OMEGA project in the Klang Valley for approximately RM500 million.

Gas Malaysia To Jointly Develop Regasification Terminal With Tokyo Gas, VTTI B.V.

KUALA LUMPUR, May 15 (Bernama) -- Gas Malaysia Bhd has entered into a joint development agreement (JDA) with Japan’s Tokyo Gas Co Ltd and Netherlands-based VTTI B.V. to develop the liquefied natural gas (LNG) regasification terminal project in Yan, Kedah.

Ringgit Closes Mostly Higher Against Major Currencies On Strong GDP Data

By Abdul Hamid A Rahman

KUALA LUMPUR, May 15 (Bernama) -- The ringgit closed mostly higher against major currencies after Bank Negara Malaysia announced that Malaysia’s economy expanded by 5.4 per cent in the first quarter of 2026 (1Q 2026), exceeding the advance estimate of 5.3 per cent, driven by robust domestic demand, investment activities and exports.

Mobix Labs Targets Critical Minerals Supply Chain With SPD Deal

KUALA LUMPUR, May 15 (Bernama) -- Mobix Labs has unveiled plans to expand into the strategic rare earth and critical minerals sector through a proposed acquisition of Special Project Delivery LLC (SPD), a United States (US)-based supply chain platform.

Mobix Labs Moves Into Rare Earths With Proposed SPD Acquisition

KUALA LUMPUR, May 15 (Bernama) -- Mobix Labs Inc has signed a non-binding Letter of Intent to acquire Special Project Delivery LLC (SPD), a strategic infrastructure platform focused on building sovereign United States (US) supply chains for rare earth elements, critical minerals, and energy storage.

Central Bank Has Priced Potential Scenarios For West Asia Conflict Into 2026 Growth, Inflation Forecasts - Governor

KUALA LUMPUR, May 15 (Bernama) -- Bank Negara Malaysia (BNM) has already priced in potential scenarios from the ongoing West Asia conflict into its 2026 growth and inflation forecasts, Governor Datuk Seri Abdul Rasheed Ghaffour said today.

Malaysia Should Focus On Macroeconomic Stability While Safeguarding Critical Buffers - BNM

KUALA LUMPUR, May 15 (Bernama) -- Malaysia's near-term policy priorities should focus on preserving macroeconomic stability while safeguarding critical buffers amidst the global supply shock due to the West Asia conflict. 

Malaysia’s 1Q 2026 Headline Inflation Rises To 1.6 Pct, Core Inflation Eases To 2.1 Pct

KUALA LUMPUR, May 15 (Bernama) -- Malaysia’s headline inflation increased to 1.6 per cent in the first quarter of 2026 (1Q 2026) from 1.3 per cent in 4Q 2025, while core inflation moderated to 2.1 per cent from 2.3 per cent previously, said Bank Negara Malaysia (BNM).  

Malaysia Records 5.4 Pct GDP Growth In 1Q 2026 Driven By Robust Domestic Demand - BNM

KUALA LUMPUR, May 15 (Bernama) -- Malaysia’s economy expanded by 5.4 per cent in the first quarter of 2026 (1Q 2026), surpassing the advance estimate of 5.3 per cent with robust domestic demand, investment activities and export continued to drive growth, according to Bank Negara Malaysia (BNM).

RM1 Billion NexQuantum AI Park Launched In Perak

IPOH, May 15 (Bernama) -- Cahya Suria Services Sdn Bhd and Suzhou EnnoThing Technology Co Ltd have formalised a strategic partnership through NexQuantum 1 Sdn Bhd to develop the NexQuantum artificial intelligence (AI) digital park in Perak.