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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.

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.

Elsa To Grow Digital Technology, Robotics, Engineering Segments After Positive ACE Market Debut

KUALA LUMPUR, June 16 (Bernama) -- Integrated oil and gas services and equipment (OGSE) provider Elsa Bhd aims to accelerate its growth in the digital technology, robotics, and engineering segments following an encouraging debut on Bursa Malaysia’s ACE Market today.

Ringgit Opens Higher Against US Dollar On Fed Rate Hold Expectations

KUALA LUMPUR, June 16  (Bernama) -- The ringgit opened higher against the US dollar on expectations that the US Federal Reserve (Fed) will keep interest rates unchanged amid easing inflation concerns and lower US Treasury yields.

Gold Futures Close Higher Amid Lower Oil Prices

By K. Naveen Prabu

KUALA LUMPUR, June 15 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher on Monday, supported by lower oil prices.

Pentech Eyes 40 Pct Recurring Revenue Contribution In Three Years

KUALA LUMPUR, June 15 (Bernama) -- Penang-based information and communication technology (ICT) solutions provider Pentech Holdings Bhd aims to achieve 40 per cent recurring revenue and 60 per cent from its non-recurring segment over the next three years.

Karamjit Singh And The Changing Face Of Malaysian Rallying

By Siti Radziah Hamzah

KUALA LUMPUR, June 14 (Bernama) -- More than two decades after becoming the first Asian driver to win the FIA Production World Rally Championship (PWRC) title, Karamjit Singh is still doing what he loves most - racing.