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Ringgit Higher Against Major Currencies, Eases Against Greenback At Close

By Abdul Hamid A Rahman

KUALA LUMPUR, July 28 (Bernama) -- The ringgit closed higher against most major currencies but eased against the greenback on Tuesday amid cautious investor sentiment ahead of the US Federal Reserve’s (Fed) interest rate decision later this week.

KLCI Futures Close Lower In Line With Cash Market

KUALA LUMPUR, July 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed lower on Tuesday, mirroring the cash market. 

Bursa Malaysia Ends Slightly Lower On Caution Ahead of Fed Meeting, Tech Earnings

By Zufazlin Baharuddin and Fatin Umairah Abdul Hamid

KUALA LUMPUR, July 28 (Bernama) -- Bursa Malaysia closed marginally lower on Tuesday as investors turned cautious ahead of a busy week featuring the US Federal Reserve’s (Fed) policy meeting and earnings releases from major US technology companies.

Vaseehar Hassan Appointed AmanahRaya Chairman

KUALA LUMPUR, July 28 (Bernama) -- Amanah Raya Bhd (AmanahRaya) has appointed Datuk Seri Dr Vaseehar Hassan Abdul Razack as its chairman.

Univar Solutions Acquires Interpur Chemicals To Expand EMEA Reach

KUALA LUMPUR, July 28 (Bernama) -- Univar Solutions LLC (Univar Solutions) has acquired Interpur Chemicals, a distributor of polyurethanes and powder coatings in Europe, expanding its Performance Materials business and regional capabilities across Europe, the Middle East, and Africa (EMEA).

Rubber Market Ends Mixed On Weaker Crude Oil Prices, US-China Trade Tensions

By K. Naveen Prabu

KUALA LUMPUR, July 28 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Tuesday, tracking weaker crude oil prices, a dealer said.

Hotel Okura To Open Luxury Cappadocia Resort In 2028

KUALA LUMPUR, July 28 (Bernama) -- Hotel Okura Co Ltd, a global Japanese hotel operator, has announced that the Hotel Okura Thermal Resort & Spa Cappadocia is scheduled to open in 2028 in the historic village of Mustafapaşa in the Cappadocia region of Türkiye.

Chery Auto Surpasses 20 Million Global Sales

KUALA LUMPUR, July 28 (Bernama) -- Global automotive manufacturer, Chery Automobile Co Ltd (Chery Auto) announced that its cumulative global sales had surpassed 20 million units, marking another milestone in the company's global expansion.

Rubber Targeted To Hit Minimum Price Of RM5 Per Kilogramme By End-2027 - Ahmad Zahid

SEREMBAN, July 28 (Bernama) --  The minimum price of rubber is targeted to hit RM5 per kilogramme by the end of 2027 as part of efforts to improve the income and standard of living of more than 500,000 rubber smallholders nationwide, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

InterSystems Launches AI Assistant For Enterprise Data Access

KUALA LUMPUR, July 28 (Bernama) -- InterSystems, a creative data technology provider, has announced the general availability of InterSystems Data Studio AI Assistant, a new generative artificial intelligence (AI)-powered extension for InterSystems Data Studio.

United Asiapac Energy Launches IPO At 35 Sen A Share

KUALA LUMPUR, July 28 (Bernama) -- Oil and gas services firm United Asiapac Energy Bhd has launched its initial public offering (IPO) at an issue price of 35 sen per share, with its listing on the ACE Market of Bursa Malaysia Securities Bhd scheduled for Aug 19.

Axe Compute Secures US$1.5 Bln AI Infrastructure Agreement

KUALA LUMPUR, July 28 (Bernama) -- Axe Compute Inc, a neocloud artificial intelligence (AI) infrastructure company, has announced a new five-year customer agreement with a total committed contract value of over US$1.5 billion to deploy a dedicated AI infrastructure cluster powered by NVIDIA Blackwell in the United States (US). (US$1=RM4.08)