MPM Urges Closer Collaboration With LPA, Labuan Corp, Customs To Strengthen Shipping Services To Labuan

By Jailani Hasan

LABUAN, Oct 23 (Bernama) -- Megah Port Management Sdn Bhd (MPM) has called for closer collaboration among the Labuan Port Authority (LPA), Labuan Corporation, the Royal Malaysian Customs Department and industry stakeholders to strengthen direct shipping services and enhance Labuan’s maritime connectivity.

MAG, Citi Announce US$75 Mln Trade Finance Facility To Strengthen Supply Chain

KUALA LUMPUR, Oct 23 (Bernama) -- Malaysia Aviation Group (MAG) and Citibank Bhd (Citi) have announced a US$75 million (US$1=RM4.07) structured trade finance facility to improve working capital management, enhance liquidity and strengthen supply chain resilience to support MAG’s operational requirements across Asia.

Petronas, TotalEnergies & Mitsui Sign JVA To Develop Carbon Storage Areas In Southern Hub

KUALA LUMPUR, Oct 23 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) wholly owned subsidiary, Petronas CCS Ventures Sdn Bhd (PCCSV), TotalEnergies EP CCS Malaysia and Mitsui & Co Ltd have signed a joint venture agreement (JVA) to develop the CO2 storage areas offshore Peninsular Malaysia, a key component of Malaysia's Southern Carbon Capture and Storage (CCS) Hub.

Bursa Malaysia Lower At Midday

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia ended the morning trading session lower, in tandem with most regional markets following weaker Wall Street performance overnight. 

RAC Develops 10-year Plan To Enhance Train Services, Boost Public Transport Use

By Karina Imran

KUALA LUMPUR, Oct 23 (Bernama) -- Railway Assets Corporation (RAC) has developed a 10-year strategic plan to improve train service frequency and reliability, aiming to encourage more Malaysians to switch from private vehicles to public transport.

Express Rail Link Seeks Collaboration With Universities To Develop Rail Talent, Support Long-term Growth

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 23 (Bernama) -- High-speed airport train service provider Express Rail Link Sdn Bhd (ERL) seeks further collaboration with universities to develop young talent and build local expertise in rail technology.

PM Anwar Fulfils Promise To Expedite Flood Mitigation Projects, Help Long-Suffering Victims

By Mikhail Raj Abdullah

KUALA LUMPUR, Oct 23 (Bernama) -- Staying true to Prime Minister Datuk Seri Anwar’s promise made more than three years ago, the government has expedited the implementation of flood mitigation projects to ease the burden and financial hardship inflicted on victims almost seasonally by this natural disaster.

FBM KLCI Futures Higher In Early Trade

KUALA LUMPUR, Oct 23 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives traded higher in the early session today.

Bursa Malaysia Lower In Early Trading

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia opened lower on Friday, tracking weaker overnight performance on Wall Street. 

Orgabio Sees Healthier Beverage Opportunities Despite Higher Formulation Costs

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 23 (Bernama) -- Healthier beverage formulations can cost approximately five to 10 per cent more to manufacture, but Orgabio Holdings Bhd sees opportunities in the segment as brand owners explore products that cater to evolving consumer preferences.

Economy Ministry Seeks Industry Input On Malaysia’s Energy Transition

KUALA LUMPUR, Oct 22 (Bernama) -- The Ministry of Economy has called on industry players to submit policy recommendations on energy storage, the hydrogen economy and smart grid deployment to advance Malaysia’s energy transition.

Ringgit Opens Higher As AI Investment Concerns Weigh On Greenback

By Siti Noor Afera Abu and Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Oct 23 (Bernama) -- The ringgit opened higher on Friday as the greenback weakened after equity prices fell amid heightened concern over artificial intelligence (AI)-related investments.