Labuan IBFC, TRX City To Advance ‘1 Ecosystem, 2 IFCs’ Vision

KUALA LUMPUR, Sept 18 (Bernama) -- Labuan IBFC Incorporated Sdn Bhd and TRX City Sdn Bhd will strengthen collaboration between the two international financial centres (IFCs) and advance the shared vision of “1 Ecosystem, 2 IFCs”.

Penang Eyes Regional Partial Homeport Role For Swettenham Pier, Says Can Handle 12,000 Passengers

GEORGE TOWN, Sept 18 (Bernama) -- Penang is positioning Swettenham Pier for a bigger role in the regional cruise network, with the terminal now capable of accommodating two quantum-sized cruise ships simultaneously and up to 12,000 passengers.

Bursa Malaysia’s Key Index ends Morning Session Lower Amid Cautious Sentiment

KUALA LUMPUR, Sept 18 (Bernama) -- Bursa Malaysia’s key index saw interspersed buying and selling before ending the morning session in the red, as sentiment was cautious due to the Federal Reserve’s hawkish stance, elevated United States Treasury yields and persistent foreign selling.

Exports Of Sarawak's Timber, Timber-based Products Reach RM1.16 Bln As Of June

KUCHING, Sept 18  (Bernama) -- The export value of timber and timber-based products from Sarawak is estimated to have reached RM1.16 billion as of June this year, said Sarawak Timber Industry Development Corporation (Pusaka) general manager Datuk Zainal Abidin Abdullah.

Johor Plantation's iSPOC Expansion A Medium-term Catalyst -- Apex Securities

KUALA LUMPUR, Sept 18 (Bernama) -- Johor Plantations Group Bhd’s (JPG) expansion from plantation core to integrated palm oil player is seen as a potential medium-term catalyst, particularly with the commencement and ramp-up of its Integrated Sustainable Palm Oil Complex (iSPOC).

Bursa Malaysia Rebounds On Lower Oil Prices, Easing US Yields

KUALA LUMPUR, Sept 18 (Bernama) -- Bursa Malaysia rebounded to open higher on Friday as lower oil prices, easing United States (US) Treasury yields and resilient labour market data encouraged bargain hunting in technology and semiconductor shares after the index closed 0.26 per cent lower yesterday, an analyst said.

Domestic Private Investments Can Revitalise Idle Assets — Johari

KUALA LUMPUR, Sept 17 (Bernama) — Domestic private investments can revitalise idle assets and boost the local economic ecosystem, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.

Airasia-Linked Shares Slide Amid Intervention Reports

KUALA LUMPUR, Sept 17 (Bernama) -- Capital A Bhd and AirAsia Group Bhd emerged among the top three active counters, following reports of potential government intervention in AirAsia’s domestic operations amid concerns over its financial health.

Bursa Malaysia Ends Lower As US Bond Yields, Fed Tightening Concerns Weigh

By Harizah Hanim Mohamed and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 17 (Bernama) -- Bursa Malaysia’s main index closed lower today after a choppy trading session amid concerns over elevated United States (US) bond yields and the possibility of further monetary tightening by the US Federal Reserve, said an analyst.

Rubber Market Ends Higher On Resilient US Demand

By K. Naveen Prabu

KUALA LUMPUR, Sept 17 (Bernama) -- The Kuala Lumpur rubber market ended higher on Thursday, supported by resilient consumer demand in the United States.

Criteo Expands Southeast Asia Presence Through Tyroo Partnership

KUALA LUMPUR, Sept 17 (Bernama) -- Criteo, the global commerce intelligence platform, has announced a strategic reseller partnership with Tyroo Technologies to promote its performance media solutions to advertisers in Thailand, Malaysia and the Philippines.

Sabah Energy Corp Completes Maiden RM350 Mln Sukuk Issuance

KUALA LUMPUR, Sept 17 (Bernama) -- Sabah Energy Corporation Sdn Bhd (SEC) has completed its maiden sukuk issuance of RM350.0 million under its RM3.0 billion Sukuk Wakalah Programme.