CPO Futures End Week Higher On Supply Concerns, West Asia Tensions

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, June 19 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended the week to close higher on Friday, driven by supply concerns and renewed tension in West Asia, said a trader.

Businesses Should Identify Pain Points Amid Rising Uncertainty - Economist

KUALA LUMPUR, June 19 (Bernama) -- Malaysian businesses should identify their operational pain points before making strategic decisions as the business landscape becomes increasingly uncertain, said AmBank Group chief economist Firdaos Rosli.

Malaysia Could Contribute Up To 20 Pct Of Gentari’s RE Capacity In Five To 10 Years

By Muhammad Fawwaz Thaqif Nor Afandi

KUANTAN, June 19 (Bernama) -- Gentari Sdn Bhd expects Malaysia to contribute between 10 and 20 per cent of its renewable energy (RE) capacity over the next five to 10 years, underpinned by stronger domestic growth prospects and supportive government policies.

Malaysia, South Korea Strengthen Renewable Energy Partnership Through Terengganu Bio-CNG Project

KUALA LUMPUR, June 19 (Bernama) -- Malaysia and South Korea have further strengthened their strategic partnership in renewable energy following the exchange of a letter of intent (LOI) for the Terengganu State Palm Oil Mill Biogas Upgrading Project, an initiative that will convert waste from the palm oil industry into bio-compressed natural gas (Bio-CNG).

CIMB Introduces 'First Car Solution' Financing Package

KUALA LUMPUR, June 19 (Bernama) -- CIMB Bank Bhd is offering first-time car buyers a financing package that includes competitive financing rates, insurance or takaful protection, and CIMB credit cards, known as the "First Car Solution" programme.

Russia Guarantees Long-term Petroleum, Oil And Gas Supplies To Malaysia -- PM Anwar

From Nurul Hanis Izmir

KAZAN, June 18 (Bernama) -- Russia has agreed to guarantee long-term supplies of petrol, oil and gas to Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

Aizo's Unit Secures RM346.19 Mln Islamic Financing Facilities To Support Solar Project In Kampar 

KUALA LUMPUR, June 18 (Bernama) -- Aizo Group Bhd’s subsidiary, Wawasan Demi Sdn Bhd, has secured Islamic financing facilities of up to RM346.19 million from Bank Pembangunan Malaysia Bhd (BPMB). 

Malaysia Needs Robust Legal, Regulatory Framework For Nuclear Power - World Nuclear Association

From Siti Radziah Hamzah

TASHKENT, June 18 (Bernama) -- Malaysia would need to establish a robust legal and regulatory framework, as well as develop a skilled workforce, before nuclear power can become a realistic option in the country's long-term energy mix, according to World Nuclear Association (WNA) Director General Dr Sama Bilbao y Leon.

Gold Futures Close Lower As Hawkish Fed Lifts US Dollar

By K. Naveen Prabu

KUALA LUMPUR, June 18 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Thursday as a hawkish outlook by the United States Federal Reserve (Fed) boosted the US dollar and weighed on demand for the precious metal.

ASEAN-Russia Need To Expand Cooperation  Across The Board, Mainly In Food Security And Energy - Anwar

From Nurul Hanis Izmir

KAZAN, June 17 (Bernama) — ASEAN and Russia need to expand multilateral cooperation in areas such as food security, energy, advanced manufacturing, digital technologies, and education, said Prime Minister Datuk Seri Anwar Ibrahim.

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.

Bursa Malaysia Ends Higher For Second Straight Day On Heavyweight Buying

By Siti Noor Afera Abu

KUALA LUMPUR, June 16 (Bernama) -- Bursa Malaysia’s key index extended its rebound for a second consecutive day, closing more than one per cent higher,yh as investor sentiment remained buoyant amid improving regional market conditions and sustained buying interest in heavyweight counters.