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Bursa Malaysia Ends Lower Amid Profit-taking, Higher Oil Prices

By Karina Imran

KUALA LUMPUR, July 22 (Bernama) -- Bursa Malaysia closed lower on Wednesday as investors continued to take profit following the recent rally, while elevated crude oil prices and lingering geopolitical tensions in West Asia kept market sentiment cautious, said an analyst. 

Oil Price Spike Splits Global Markets As AI And Chip Stocks Attract Investors -- Analyst

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, July 22 (Bernama) -- While the Brent crude oil price hike would harm the global market, some heavy indexes of artificial intelligence (AI) and semiconductor beneficiaries are still attracting flows, creating a sharp split beneath the surface, an analyst said.

DEEP Robotics Showcases Full Robot Lineup, Industrial Solutions

KUALA LUMPUR, July 22 (Bernama) -- DEEP Robotics, a global embodied intelligence leader, displayed its full robot portfolio, six industrial solutions and two exclusive original robots at the 2026 WAIC in Shanghai, attracting strong interest from the heavy industry sector.

Qumis Unveils AI Agents For Insurance Coverage Analysis

KUALA LUMPUR, July 22 (Bernama) -- Qumis has launched its certified artificial intelligence (AI) agents, a team of line-of-business specialists that work together to analyse entire insurance programmes and deliver citation-backed coverage analysis in minutes.

Kenanga IB, CGSI Expect Resilient Malaysia Automotive Sales In 2H2026 On EV, Hybrid Demand

KUALA LUMPUR, July 22 (Bernama) -- Malaysia's automotive sales are expected to remain resilient in the second half of 2026 (2H2026), supported by the introduction of more localised electric vehicle (EV) models and stronger demand for hybrid vehicles, fuelled by consumers' growing preference for new energy vehicles.

Sim Calls On Manufacturers, Industry Players To Reinvest Profits In R&D

GEORGE TOWN, July 22 (Bernama) -- Factories and industry players, particularly in the electrical and electronics (E&E) sector, are advised to capitalise on the country's strong trade performance this year by reinvesting profits into research and development (R&D), automation, and talent development to enhance long-term competitiveness.

Enigmatig Invests In Singapore-Canada Film Co-Production

KUALA LUMPUR, July 22 (Bernama) -- Enigmatig Limited (Enigmatig), a Singapore-headquartered global business enabler, has invested in KUNGFULAND, the first scripted feature-length Singapore-Canada Treaty action-comedy co-production to use virtual production.

Bursa Malaysia Opens Lower Amid Continued Profit-taking

KUALA LUMPUR, July 22 (Bernama) -- Bursa Malaysia opened slightly lower on Wednesday, with continued profit-taking capping gains despite an overnight rebound on Wall Street, an analyst said.

Ringgit Opens Higher Against Major Currencies, Flat vs US Dollar

By Engku Shariful Azni Engku Ab Latif and Nur Athirah Mohd Shaharuddin 

KUALA LUMPUR, July 22 (Bernama) -- The ringgit opened higher against major currencies on Wednesday but was almost flat against the US dollar as traders adopted a cautious stance amid uncertainties over the conflict in West Asia.

Global Growth Faces Slowdown Amid Trade Barriers, Supply Chain Risks - Nurhisham

IPOH, July 21 (Bernama) -- Global economic growth could slow to near zero over the next century as rising trade barriers, intensifying geopolitical competition and supply chain disruptions reshape the global economy, Economic Adviser to the Prime Minister's Office Nurhisham Hussein said.

Ringgit Extends Gains Against US Dollar On Stellar Trade Data Amid West Asia Tensions

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, July 21 (Bernama) -- The ringgit extended its gains to close higher for a second consecutive day against the US dollar and other major currencies on Tuesday, supported by Malaysia’s stronger-than-expected trade performance, despite persistent geopolitical uncertainties.

Malaysian Lubricant Producer Hyrax Oil Expands Reach Across Five Southeast Asian Markets

BANGKOK, July 21 (Bernama) -- Hyrax Oil Sdn Bhd, a Malaysian producer of lubricants and transformer insulating oils, signed agreements on Tuesday to expand the reach of its Hyrax Estramol ester transformer fluids into Thailand, Cambodia, Laos, Myanmar and Vietnam.