KLCI Futures Close Lower

KUALA LUMPUR, July 1 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended lower in line with the weaker performance of the cash market. 

Sarawak Govt Approves Appointment of Bintulu Port As Bintulu Port Operator

KUALA LUMPUR, July 1 (Bernama) -- Sarawak state government has approved in principle the appointment of Bintulu Port Holdings Bhd’s wholly owned subsidiary Bintulu Port Sdn Bhd (BPSB) as the port operator of Bintulu Port pursuant to Section 12(2) of the Port Authorities Ordinance, 1961.

Ringgit Ends Lower As Fed Rate Hike Concerns Lift US Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, July 1 (Bernama) -- The ringgit ended lower against the US dollar today as expectations of a United States (US) Federal Reserve (Fed) rate hike continued to weigh on regional market sentiment.

SC Appoints New Shariah Advisory Council For 2026-2029 Term

KUALA LUMPUR, July 1 (Bernama) -- The Securities Commission Malaysia (SC) has appointed a new seven-member Shariah Advisory Council (SAC) for a three-year term from July 1, 2026, to June 30, 2029.

Bursa Malaysia Reverses Earlier Gains To End Lower

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 1 (Bernama) -- Bursa Malaysia’s benchmark index fell 0.43 per cent to close at its intraday low, reversing earlier gains as a wave of late-session selling erased the day's advances.

Electricity Consumption Of Data Centres Expected To Surge To 31 Pct By 2035

KUALA LUMPUR, July 1 (Bernama) --  Electricity consumption by the data centre sector is expected to increase significantly to 31% - equivalent to 73,274 gigawatt-hours (GWh) - by 2035, up from 7% or 10,544 GWh in 2026.

U Mobile Completes Transition To Own 5G Network, Exits DNB Wholesale Deal

KUALA LUMPUR, July 1 (Bernama) -- U Mobile Sdn Bhd has successfully migrated to its own nationwide ULTRA5G network after exiting the wholesale access agreement with Digital Nasional Bhd (DNB).

Regional Rubber Futures Losses Weigh On Kuala Lumpur Rubber Market

KUALA LUMPUR, July 1 (Bernama) -- The Kuala Lumpur rubber market ended lower on Wednesday, tracking losses in regional rubber futures markets, a dealer said.

Petroleum Product subsidies Expected To Reach RM40 Bln This Year - MOF

KUALA LUMPUR, July 1 (Bernama) -- The government is expected to bear almost RM40 billion in petroleum product subsidies this year as a result of the increase in global oil prices following the West Asia conflicts, according to the Ministry of Finance (MOF).

Vertiv Expects Johor Plant To Reach Technical Capacity By 3Q 2027

JOHOR BAHRU, July 1 (Bernama) -- US-based digital infrastructure company Vertiv Group expects its Johor manufacturing facility to gradually ramp up production, with about 15 to 20 per cent of its production lines currently in operation.

Weststar, Rocket Technologies International Collaboration To Generate Over US$10 Bln Commercial Potential

CANBERRA, July 1 (Bernama) -- The strategic joint venture agreement (JVA) between Weststar Group and Australia's Rocket Technologies International Pty Ltd is expected to contribute significantly to bilateral trade and economic growth between Malaysia and Australia, with long-term commercial potential estimated at over US$10 billion (US$1 = RM4.08) through future aerospace, defence, satellite, and advanced technology programmes. 

Sustainable Finance Moves Into The Mainstream As Green Demand Grows

JAKARTA, July 1 (Bernama) -- Sustainable finance is becoming increasingly mainstream in the banking sector, as rising demand for electric vehicles (EVs), green homes and other low-carbon investments prompts financial institutions to broaden their financing and investment offerings.