Economy

ESG-Ready Malaysian Businesses Better Positioned To Penetrate EU Market, Says GRI

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 17 (Bernama) -- Malaysian companies equipped with strong environmental, social and governance (ESG) practices and reporting standards will likely have a distinct competitive advantage and access to business opportunities in the European Union (EU) and other international markets, a sustainability reporting expert said today.

Interest Rate Normalisation In Japan Seen As Having Greater Impact On Asia Than Europe

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 17 (Bernama) -- The Bank of Japan’s (BOJ) ongoing policy normalisation is likely to have a greater impact on Asian financial markets than the European Central Bank’s (ECB) higher-for-longer interest rate stance.

Uzbekistan Enhancing Islamic Finance Regulatory Framework With INCEIF University's Assistance

From Siti Radziah Hamzah

TASHKENT, June 16 (Bernama) -- Uzbekistan is strengthening its Islamic finance regulatory framework by engaging experts from Malaysia's INCEIF University in areas such as sukuk securities, Islamic finance licensing, Shariah governance, and a comprehensive regulatory ecosystem as part of the third stage of its industry development.

MIGHT, UNIDO Launch Sustainable Cities Programme In Selangor

KUALA LUMPUR, June 16 (Bernama) -- The Malaysian Industry-Government Group for High Technology (MIGHT), in collaboration with the United Nations Industrial Development Organisation (UNIDO), has launched the GEF-8 Sustainable Cities Integrated Programme (SCIP) in Selangor.

Oil Prices To Retain US$5-US$10 Risk Premium Per Barrel Despite US-Iran MoU -- Rystad Energy

KUALA LUMPUR, June 16 (Bernama) -- Crude oil prices are expected to retain a residual geopolitical risk premium of between US$5 and US$10 per barrel despite the virtual signing of the United States (US)-Iran memorandum of understanding (MoU), said Rystad Energy.

KPJ Healthcare To Advance KPJ Health System, Expand AI Adoption In Healthcare

KUALA LUMPUR, June 16 (Bernama) -- KPJ Healthcare Bhd will continue advancing its KPJ Health System following its strong financial year 2025 (FY2025) performance.

Scanwolf Secures RM75 Mln Substructure Project In KL

KUALA LUMPUR, June 16 (Bernama) -- Scanwolf Corporation Bhd (SCB) has secured a RM75 million contract for piling and substructure works related to a 74-storey mixed development project in Jalan Pavilion, Kuala Lumpur.

Banks Must Build Specialised SME Lending Capabilities – EBRD

By Siti Radziah Hamzah

TASHKENT, June 16 (Bernama) --  Developing deeper capital markets and expanding financing access for underserved segments remain among the key challenges facing emerging Southeast Asian economies, according to the European Bank for Reconstruction and Development (EBRD).

Ringgit Closes Lower Against Greenback On BOJ Interest Rate Increase

By K. Naveen Prabu

KUALA LUMPUR, June 16 (Bernama) -- The ringgit closed lower against the US dollar on Tuesday as investors remained cautious following the Bank of Japan's (BOJ) decision to raise interest rates. 

IRDA, Taiwan's Taoyuan City Govt In Pact To Advance Industrial Collaboration

ISKANDAR PUTERI, June 16 (Bernama) -- The Iskandar Regional Development Authority (IRDA) has formalised a strategic partnership with Taoyuan City Government in Taiwan to promote industrial collaboration, strengthen talent development and enhance mutual economic competitiveness.

Allianz Malaysia Shareholders Approve All Resolutions At 52nd AGM

KUALA LUMPUR, June 16 (Bernama) -- Allianz Malaysia Bhd’s shareholders have approved all resolutions tabled at the group’s 52nd annual general meeting (AGM) as the insurer marks its 25th anniversary this year.

SMR 20 Hits Nine-year High On Tight Supply, EV Demand

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 16 (Bernama) -- The Kuala Lumpur rubber market closed higher on Tuesday, leading to Standard Malaysian Rubber 20 (SMR 20) reaching its highest level in the past nine years, said a dealer.