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Petronas seeks Federal Court clarity on legal framework for Sarawak operations
KUALA LUMPUR, Jan 12 — Petronas has filed a motion at the Federal Court in Putrajaya to seek clarity on the applicable petroleum regulatory framework governing its operations in Sarawak. In a statement today, the national oil company said the
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Bursa Malaysia hits six-year high as buying frenzy lifts KLCI past pre-pandemic peak
KUALA LUMPUR, Jan 12 — Bursa Malaysia’s benchmark index extended its upward momentum to close at a fresh six-year high today, supported by sustained buying interest in heavyweight and plantation stocks, in tandem with stronger performances across regional markets. At
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Proton eyes Algeria entry via partnerships and CKD assembly
NEW DELHI, Jan 12 — Malaysian automaker Proton Holdings Bhd is exploring partnerships, including dealerships and assembly from completely knocked-down (CKD) kits, to enter Algeria’s growing car market. Proton’s interest in the key North African market aligns with Algeria’s policy
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Ringgit set to trade sideways with upside bias next week, analysts say
KUALA LUMPUR, Jan 11 — The ringgit is expected to trade within the 4.04-4.07 range next week with the balance of risks tilted modestly towards a firmer ringgit as global investors rotate away from the dollar and back into emerging-market
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Oscar-shortlisted ‘Palestine 36’ director says film represents ‘refusal to disappear’
PARIS, Jan 10 — The director of Oscar-shortlisted film “Palestine 36” said her big-budget production about a crucial but little-known Arab rebellion is a statement about Palestinians “refusal to disappear”. Veteran filmmaker Annemarie Jacir started production on the sweeping historical
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BNM actions keep short-term interbank rates stable as liquidity drops
KUALA LUMPUR, Jan 10 — Short-term interbank rates are expected to remain stable next week, supported by Bank Negara Malaysia’s (BNM) continued operations to absorb excess liquidity from the financial system. This week, the central bank intervened daily through reverse
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Weekly gold contracts climb with higher trading volumes and open interest
KUALA LUMPUR, Jan 10 — Gold futures on Bursa Malaysia Derivatives are expected to trade higher next week, with another attempt towards the US$4,600 per troy ounce level. RHB Investment Bank Bhd (RHB IB) said if the bearish momentum intensifies, the
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Bursa Malaysia slips below 1,670 amid weak buying momentum
KUALA LUMPUR, Jan 8 — Bursa Malaysia continued its downtrend at mid-morning amid a lack of buying enthusiasm, with the benchmark index falling slightly below the 1,670-level. At 11.08 am, the FBM KLCI fell 6.84 points to 1,669.99, down from Wednesday’s
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Nvidia dethrones Apple, tops global markets with US$4.5t valuation
FRANKFURT, Jan 7 — Nvidia, the artificial intelligence (AI) behemoth, surged past iPhone maker Apple last year to become the world’s most valuable listed company, with more than US$4.5 trillion in assets, German Press Agency (dpa) reported, citing a study
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Ringgit retreats on US data jitters, trades mixed against major currencies
KUALA LUMPUR, Jan 7 — The ringgit ended lower against the US dollar on Wednesday as markets adopted a cautious stance ahead of key US economic data releases later tonight, an analyst said. At 6pm, the local currency fell to
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