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Economy
Johor's Power Infrastructure Faces Rising Demand From Data Centre Expansion – BMI
KUALA LUMPUR, Oct 23 (Bernama) -- Johor's expanding data centre industry is expected to drive significant electricity demand, highlighting the need for continued power infrastructure development, said BMI, a unit of Fitch Solutions.
Market
Bursa Malaysia Lower At Midday
KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia ended the morning trading session lower, in tandem with most regional markets following weaker Wall Street performance overnight.
FBM KLCI Futures Higher In Early Trade
KUALA LUMPUR, Oct 23 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives traded higher in the early session today.
Bursa Malaysia Lower In Early Trading
KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia opened lower on Friday, tracking weaker overnight performance on Wall Street.
Ringgit Opens Higher As AI Investment Concerns Weigh On Greenback
By Siti Noor Afera Abu and Muhammad Fawwaz Thaqif Nor Afandi
Corporate
MAG, Citi Announce US$75 Mln Trade Finance Facility To Strengthen Supply Chain
KUALA LUMPUR, Oct 23 (Bernama) -- Malaysia Aviation Group (MAG) and Citibank Bhd (Citi) have announced a US$75 million (US$1=RM4.07) structured trade finance facility to improve working capital management, enhance liquidity and strengthen supply chain resilience to support MAG’s operational requirements across Asia.
Petronas, TotalEnergies & Mitsui Sign JVA To Develop Carbon Storage Areas In Southern Hub
KUALA LUMPUR, Oct 23 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) wholly owned subsidiary, Petronas CCS Ventures Sdn Bhd (PCCSV), TotalEnergies EP CCS Malaysia and Mitsui & Co Ltd have signed a joint venture agreement (JVA) to develop the CO2 storage areas offshore Peninsular Malaysia, a key component of Malaysia's Southern Carbon Capture and Storage (CCS) Hub.
Express Rail Link Seeks Collaboration With Universities To Develop Rail Talent, Support Long-term Growth
By Danni Haizal Danial Donald