Ringgit Opens Slightly Firmer Against Greenback As US Rate Concerns Ease

KUALA LUMPUR, July 2 (Bernama) -- The ringgit opened slightly firmer against the US dollar on Thursday as easing concerns over the United States' monetary policy outlook lifted sentiment following remarks by US Federal Reserve (Fed) officials on interest rates.

Khazanah Backs PAC Recommendations To Strengthen Airport Ecosystem

KUALA LUMPUR, July 1 (Bernama) -- Khazanah Nasional Bhd has welcomed the recommendations of the Public Accounts Committee (PAC) on Malaysia Airports Holdings Bhd (MAHB) and the continued strengthening of Malaysia's airport ecosystem.

Sarawak Govt Approves Appointment of Bintulu Port As Bintulu Port Operator

KUALA LUMPUR, July 1 (Bernama) -- Sarawak state government has approved in principle the appointment of Bintulu Port Holdings Bhd’s wholly owned subsidiary Bintulu Port Sdn Bhd (BPSB) as the port operator of Bintulu Port pursuant to Section 12(2) of the Port Authorities Ordinance, 1961.

Ringgit Ends Lower As Fed Rate Hike Concerns Lift US Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, July 1 (Bernama) -- The ringgit ended lower against the US dollar today as expectations of a United States (US) Federal Reserve (Fed) rate hike continued to weigh on regional market sentiment.

SC Appoints New Shariah Advisory Council For 2026-2029 Term

KUALA LUMPUR, July 1 (Bernama) -- The Securities Commission Malaysia (SC) has appointed a new seven-member Shariah Advisory Council (SAC) for a three-year term from July 1, 2026, to June 30, 2029.

Electricity Consumption Of Data Centres Expected To Surge To 31 Pct By 2035

KUALA LUMPUR, July 1 (Bernama) --  Electricity consumption by the data centre sector is expected to increase significantly to 31% - equivalent to 73,274 gigawatt-hours (GWh) - by 2035, up from 7% or 10,544 GWh in 2026.

U Mobile Completes Transition To Own 5G Network, Exits DNB Wholesale Deal

KUALA LUMPUR, July 1 (Bernama) -- U Mobile Sdn Bhd has successfully migrated to its own nationwide ULTRA5G network after exiting the wholesale access agreement with Digital Nasional Bhd (DNB).

Vocalbeats.AI Joins SGTech To Expand Industry Collaboration

KUALA LUMPUR, July 1 (Bernama) -- Vocalbeats.AI has joined SGTech, Singapore's technology industry trade association, as a member of its Singapore Enterprise Chapter, strengthening the artificial intelligence (AI)-powered audio company's engagement with the country's technology ecosystem.

Regional Rubber Futures Losses Weigh On Kuala Lumpur Rubber Market

KUALA LUMPUR, July 1 (Bernama) -- The Kuala Lumpur rubber market ended lower on Wednesday, tracking losses in regional rubber futures markets, a dealer said.

Nippon Kinzoku Launches Decorative Stainless Steel Finishes For Exterior Use

KUALA LUMPUR, July 1 (Bernama) -- Nippon Kinzoku Co Ltd, a manufacturer of cold-rolled stainless steel, has introduced its new "Decorative Stainless Steel Finishes for Exterior Use".

Petroleum Product subsidies Expected To Reach RM40 Bln This Year - MOF

KUALA LUMPUR, July 1 (Bernama) -- The government is expected to bear almost RM40 billion in petroleum product subsidies this year as a result of the increase in global oil prices following the West Asia conflicts, according to the Ministry of Finance (MOF).

Vertiv Expects Johor Plant To Reach Technical Capacity By 3Q 2027

JOHOR BAHRU, July 1 (Bernama) -- US-based digital infrastructure company Vertiv Group expects its Johor manufacturing facility to gradually ramp up production, with about 15 to 20 per cent of its production lines currently in operation.