Bursa Malaysia Opens Higher, Outperforms Regional Peers

KUALA LUMPUR, July 8 (Bernama) -- Bursa Malaysia opened higher on Wednesday, outperforming the weaker overnight performance on Wall Street and mixed trading across regional markets.

MCE Unveils RM50 Mln Automotive Electronics Manufacturing Hub In Serendah

HULU SELANGOR, July 7 (Bernama) -- MCE Holdings Bhd (MCE) today officially launched the MCE Auto Hub, a RM50 million advanced manufacturing facility in UMW High Value Manufacturing Park, Serendah, that will strengthen the group's design, engineering, manufacturing and research and development capabilities.

Rubber Market Closes Lower On Softer China Demand, Weaker US Economic Data

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, July 7 (Bernama) -- The Kuala Lumpur rubber market closed lower on Tuesday, weighed down by softer near-term demand from China and weaker economic data from the United States.

BNM To Keep OPR Unchanged At 2.75 Pct -- Economists

By Karina Imran

KUALA LUMPUR, July 7 (Bernama) -- Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 2.75 per cent at its Monetary Policy Committee (MPC) meeting, supported by resilient external sector performance, moderate domestic demand and manageable inflationary risks, said economists.

MCE Auto Hub To Advance Higher-Value Automotive Manufacturing In Malaysia

SERENDAH, July 7 (Bernama) -- MCE Holdings Bhd expects its newly launched MCE Auto Hub here to accelerate Malaysia’s transition towards higher-value automotive manufacturing by strengthening local capabilities in the design, engineering and production of advanced automotive electronics.

Bursa Malaysia Ends Marginally Lower On Mild Profit-Taking

By Danni Haizal Danial Donald

KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia ended marginally lower on Tuesday as investors engaged in mild profit-taking following the recent rebound in the local market, in line with softer performances across regional markets.

APAC Offshore Spending Remains Stable Post-West Asia Conflict

By Siti Radziah Hamzah

KUALA LUMPUR, July 7 (Bernama) -- Asia Pacific (APAC) offshore spending remains broadly stable post-West Asia conflict, with Southeast Asia (SEA) estimated to see a 12 per cent increase in greenfield capital expenditure (capex) to more than US$100 billion (US$1 = RM4.08), reflecting stronger prioritisation of new offshore developments, said Hong Leong Investment Bank Bhd (HLIB) today.

Gov't Focuses On Better Aid Delivery Amid Ageing Population Challenge - Akmal Nasrullah

KUALA LUMPUR, July 7 (Bernama) -- The government is focusing on preventing exclusion errors, or eligible individuals being left out of assistance programmes, as part of preparations to address the challenges of an ageing population.

Bursa Malaysia Ends Morning Session Lower Amid Heavyweight Sell-off

KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia ended the morning session lower today, as continued selling activities in heavyweight stocks, particularly financial counters, weighed on market sentiment.

Aztiq Promotes Three Executives To Partner

KUALA LUMPUR, July 7 (Bernama) -- Aztiq, an investment company, has promoted David Olafsson, Danny Major and Eunsun Choi to Partner, recognising their significant contributions to the company's growth, investment activities and long-term value creation across the healthcare ecosystem.

Bursa Malaysia Pares Yesterday's Gains To Open Lower

KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia pared yesterday's gains to open lower on Tuesday, as early selling pressure weighed on market sentiment.

Indonesia Targets US$5.8 Bln Green Investment Through Carbon Market

By Nik Nurfaqih Nik Wil

JAKARTA, July 6 (Bernama) -- Indonesia's Carbon Economic Value (NEK) instrument is projected to attract up to US$5.8 billion (US$1=RM4.08) in green investment while reducing greenhouse gas emissions by an estimated 570 million tonnes of carbon dioxide (CO2) equivalent.