IJM Chairman Krishnan Tan To Step Down After Four Decades

KUALA LUMPUR, July 29 (Bernama) -- IJM Corporation Bhd chairman Tan Sri Krishnan Tan will step down after more than four decades with the group, as he will not seek re-election at the company's annual general meeting (AGM) on Aug 27.

CPO Futures Rebound Amid Firmer Crude Oil Prices

By K. Naveen Prabu

KUALA LUMPUR, July 29 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, tracking gains in crude oil prices amid escalating tensions in West Asia.

Petra Energy Unit To Dispose Of Two Vessels For RM61.31 Mln

KUALA LUMPUR, July 29 (Bernama) -- Petra Energy Bhd's wholly-owned subsidiary Petra Marine Sdn Bhd (PMSB) has inked two memoranda of agreement (MoAs) for the disposal of its vessels for a total of about RM61.31 million.

Air Selangor Prices World’s First Blue Sukuk At RM200 Mln

KUALA LUMPUR, July 29 (Bernama) -- Pengurusan Air Selangor Sdn Bhd has successfully priced the world’s first blue sukuk and Malaysia’s first blue bond/sukuk issuance, with a nominal value of RM200 million.

BNM Plans To Set Up Governance Framework To Keep MediAsas Sustainable And Affordable

KUALA LUMPUR, July 29 (Bernama) – Bank Negara Malaysia (BNM) plans to set up a governance framework to ensure that MediAsas, Malaysia’s base medical and health insurance and takaful (MHIT) product, remains affordable and sustainable over the long term amid rising healthcare costs.

ASEAN Needs Massive Capital, Stronger Partnerships To Accelerate Energy Transition -- Anwar

PETALING JAYA, July 29 (Bernama) -- ASEAN requires massive, sustained and structured capital to build solar farms, upgrade grids, install battery storage, and upskill workers, as national governments cannot bear this burden alone, said Prime Minister Datuk Seri Anwar Ibrahim.

Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

By Zufazlin Baharuddin

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session.

Ringgit Edges Higher Against US Dollar As Investors Await FOMC Outcome

By Abdul Hamid A Rahman

KUALA LUMPUR, July 29 (Bernama) -- The ringgit closed marginally higher against the US dollar on Wednesday as investors remained on the sidelines ahead of the outcome of the United States Federal Open Market Committee’s (FOMC) meeting.

Rubber Market Ends Lower On Improving Raw Material Supply In Thailand

By K. Naveen Prabu

KUALA LUMPUR, July 29 (Bernama) -- The Kuala Lumpur rubber market ended lower on Wednesday as improving raw material supply in Thailand weighed on market sentiment, a dealer said.

Gelam Tree And The Malaysian Economy

By M.Saraswathi

KUALA LUMPUR, July 29 (Bernama) -- Bank Negara Malaysia's annual Sasana Symposium took on a refreshingly different tone this year, with Governor Datuk Seri Abdul Rasheed Ghaffour departing from convention in his central bank address.

Chery Auto Expands Global LEPAS NEV Lineup

KUALA LUMPUR, July 29 (Bernama) -- Chery Auto, a global automotive manufacturer, has announced that its mid-to-premium new energy vehicle (NEV) brand, LEPAS, is advancing its global market expansion with a comprehensive NEV lineup comprising the LEPAS L4 EV, LEPAS L6 EV and LEPAS L8 PHEV.

Eppendorf To Shift Part Of Production To Penang, Serve Global Markets

GEORGE TOWN, July 29 (Bernama) -- German life science company Eppendorf will relocate part of the production of selected laboratory instruments from its existing facilities to its new manufacturing site in Penang, which will primarily serve the North American and European markets.