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Bank Rakyat Issues RM300 Mln Tier-2 Subordinated Sukuk Issuance

KUALA LUMPUR, June 19 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has issued a RM300 million tier-2 subordinated sukuk Murabahah via a special purpose vehicle, Mumtaz Rakyat Sukuk Bhd.

CPO Prices Expected At RM4,400 To RM4,650 In July - MPOC

KUALA LUMPUR, June 19 (Bernama) -- Crude palm oil (CPO) prices are expected to trade between RM4,400 and RM4,650 per tonne in July, supported by the tightening supply outlook in Indonesia and rising El Nino risk, said the Malaysian Palm Oil Council (MPOC).

Bursa Malaysia Opens Lower On Profit-taking

KUALA LUMPUR, June 19 (Bernama) -- Bursa Malaysia opened lower on Friday as mild profit-taking in key index-linked counters weighed on early trade, despite overnight gains on Wall Street.

Ringgit Opens Higher Against US Dollar

KUALA LUMPUR, June 19 (Bernama) -- The ringgit opened higher against the US dollar today, recovering from yesterday's sharp decline amid cautious market sentiment following the US Federal Reserve's (Fed) latest policy decision.

Malaysian Re, China Re Life Sign Landmark Treaty For Cancer Treatment Coverage

KUALA LUMPUR, June 18 (Bernama) -- National reinsurer Malaysian Reinsurance Bhd (Malaysian Re) and China Reinsurance Life Insurance Company Ltd (China Re Life) have signed a landmark reinsurance treaty to support the first dedicated reinsurance framework for cancer precision medicine (CPM) treatment coverage in Malaysia.

Malaysia To 'Seriously' Look Into Expanding Settling Foreign Trade Payments In Local Currencies -- Anwar

KUALA LUMPUR, June 18 (Bernama) -- Malaysia will “seriously” explore using local currencies with trading partners to mitigate volatile foreign exchange risks, Prime Minister Datuk Seri Anwar Ibrahim said.

AI Boom Opens Growth Avenues For Penang SMEs - MSIA

GEORGE TOWN, June 18 (Bernama) -- The artificial intelligence (AI) boom is opening significant growth opportunities for Penang’s small and medium enterprises (SMEs), particularly those supporting the semiconductor value chain, according to the Malaysia Semiconductor Industry Association (MSIA).

ACE Market-bound RT Pastry's IPO Oversubscribed By 59.96 Times

KUALA LUMPUR, June 18 (Bernama) -- RT Pastry Holdings Bhd’s initial public offering (IPO) shares made available to the Malaysian public have been oversubscribed by 59.96 times ahead of its scheduled listing on the ACE Market of Bursa Malaysia on June 29.

Malaysia Rises To 15th In Global Competitiveness Ranking, Records Best Achievement -- Anwar

KAZAN, June 18 (Bernama) – Malaysia rising to the 15th spot in the 2026 World Competitiveness Rankings by the International Institute for Management Development (IMD) is proof that efforts to strengthen efficiency and improve execution continue to pay off, said Prime Minister Datuk Seri Anwar Ibrahim.

KUSKOP Channels RM5 Bln Financing, Benefiting 185,000 Entrepreneurs - Sim

GEORGE TOWN, June 18 (Bernama) --  The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) has approved RM5 billion in financing as of May 31, benefiting 185,000 entrepreneurs nationwide, said its minister, Steven Sim Chee Keong.

WCT Secures RM529 Mln UAE Construction Sub-contract

KUALA LUMPUR, June 18 (Bernama) -- WCT Holdings Bhd has secured a sub-contract worth 479 million United Arab Emirates dirham (AED) or RM528.99 million for the construction of a commercial and residential development in Abu Dhabi, the United Arab Emirates (UAE).

Malaysia Must Move Beyond Low-Cost Model To Support Higher Wages -- Sim

GEORGE TOWN, June 18 (Bernama) -- Malaysia can no longer rely on low prices as a competitive advantage, as the low-cost business model also limits the ability of small and medium enterprises (SMEs) to offer higher wages, said Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong.