Selangor's GDP Grows To RM460.1 Bln In 2025, Raising Its National Contribution To 26.5 Pct

SHAH ALAM, July 2 (Bernama) -- Selangor recorded strong economic growth in 2025 with its gross domestic product (GDP) expanding by RM28 billion from the preceding year to hit RM460.1 billion.

Reservoir Link Secures Five-Year Appointment As Petronas Panel Contractor

KUALA LUMPUR, July 2 (Bernama) -- Reservoir Link Energy Bhd's 60 per cent-owned subsidiary, Reservoir Link Solutions Sdn Bhd (RLS), has secured a five-year appointment from Petroliam Nasional Bhd (Petronas) as a panel contractor.

IPPFA Maintains Malaysia's 2026 GDP Growth Forecast At 4.6 Pct Despite Global Uncertainty

KUALA LUMPUR, July 2 (Bernama) -- IPP Financial Advisers (IPPFA) has maintained its 2026 Malaysia gross domestic product (GDP) growth forecast at 4.6 per cent despite global uncertainty, supported by resilient domestic demand, private investment and a gradual recovery in external trade.

Malaysia Needs Sovereign Cloud To Safeguard Critical Security And Personal Data -- PM Anwar

KUALA LUMPUR, July 2 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Malaysia needs to set up a sovereign cloud to safeguard critical security and personal data while remaining open to global digital investments as Southeast Asia becomes increasingly dependent on critical digital technologies and infrastructure.

Bursa Malaysia Opens Higher

KUALA LUMPUR, July 2 (Bernama) -- Bursa Malaysia opened higher on continued buying interest, underpinned by optimism over the semiconductor and artificial intelligence (AI) supercycle, a dealer said.

Ringgit Opens Slightly Firmer Against Greenback As US Rate Concerns Ease

KUALA LUMPUR, July 2 (Bernama) -- The ringgit opened slightly firmer against the US dollar on Thursday as easing concerns over the United States' monetary policy outlook lifted sentiment following remarks by US Federal Reserve (Fed) officials on interest rates.

HSBC Sees 10 Pct Upside For FBM KLCI By Year-end

By Abdul Hamid A Rahman

KUALA LUMPUR, July 1 (Bernama) -- HSBC Private Bank and Premier Wealth has set a year-end target of 1,850 points for the FTSE Bursa Malaysia KLCI (FBM KLCI), implying about 10 per cent upside from current levels.

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.

Nine Funds Earn Perfect Scores In Global SWF GSR Scoreboard

KUALA LUMPUR, July 1 (Bernama) -- Global SWF has published the seventh edition of its Governance, Sustainability, and Resilience (GSR) Scoreboard, with nine institutions achieving perfect scores in the 2026 assessment of state-owned investors.

Boomi Enables Australasian Firm Modernise Vendor Management

KUALA LUMPUR, July 1 (Bernama) -- Boomi, the data activation company for artificial intelligence (AI), announced that Programmed has transformed its vendor data management using the Boomi Enterprise Platform, establishing a single source of truth for vendor information, improving compliance and reducing manual processes across its operations.

Bursa Malaysia Ends Morning Session Higher

KUALA LUMPUR, July 1 (Bernama) -- Bursa Malaysia ended the morning session on a firmer note, supported by selective buying interest in heavyweight counters, particularly within the utilities sector, amid range-bound trading.

Ringgit Opens Firmer Against Greenback As US Posts Weaker Consumer Confidence Data

KUALA LUMPUR, July 1 (Bernama) -- The ringgit was firmer against the US dollar in the early session, supported by weaker-than-expected US consumer confidence data that weighed on the greenback.