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Johor Water Security Plan Strengthened Amid Rapid Industrial Growth

KUALA LUMPUR, June 24 (Bernama) -- The government is taking a long-term approach to ensure water security in Johor remains safeguarded, in line with rapid growth in the industrial sector, urban development and strategic investments, including data centres.

Bursa Malaysia Opens Higher On Bargain Hunting

KUALA LUMPUR, June 24 (Bernama) -- Bursa Malaysia opened higher on Wednesday, rebounding from yesterday's losses as bargain hunting in selected blue-chip stocks lifted sentiment, an analyst said.

CPO Futures Close Lower Amid Weaker Crude Oil Prices

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, June 23 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday tracking weaker crude oil prices, according to a trader.

Gold Futures Close Lower Amid Hawkish Fed Outlook

By Danni Haizal Danial Donald

KUALA LUMPUR, June 23 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Tuesday tracking softer United States COMEX markets as the hawkish US Federal Reserve (Fed) outlook on a potential interest rate hike weighed down market sentiment.

Ringgit Rebounds Versus US Dollar, ASEAN Currencies Ahead Of US PMI Data Release

By Danni Haizal Danial Donald

KUALA LUMPUR, June 23 (Bernama) -- The ringgit rebounded from yesterday’s losses to end higher against the US dollar and ASEAN currencies, and was mostly firmer against other major currencies on Tuesday as investors await the United States Purchasing Managers’ Index (PMI) June data release tonight.

Bursa Malaysia Extends Decline Amid Persistent Uncertainties

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, June 23 (Bernama) --  Bursa Malaysia extended its losses on Tuesday as investors remained on the sidelines amid persistent uncertainties and the absence of significant market catalysts, an analyst said.

Oil Likely To Trade Between US$65-US$80 Over Next 6-12 Months - Analyst

KUALA LUMPUR, June 23 (Bernama) -- Oil prices are likely to move between US$65 and US$80 per barrel over the next six to 12 months amid ongoing uncertainties surrounding negotiations between the United States (US) and Iran, according to a veteran oil market analyst.

Selangor Resilience Strengthening Package Formualted With Care, Generates Savings -- Amirudin

SHAH ALAM, June 23 (Bernama) -- The Selangor Resilience Strengthening Package was formulated after taking into account the results of cost-saving measures and prudent state financial management, said Menteri Besar Datuk Seri Amirudin Shari.

Japan’s Non-Life Insurance Segment Outlook Remains Stable - AM Best

KUALA LUMPUR, June 23 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook on Japan’s non-life insurance segment, citing factors including rising interest rates and the introduction of the Japan Insurance Capital Standard (J-ICS).

Iran Open To Oil Supply Talks With Malaysia As Waiver Takes Effect -- Envoy

KUALA LUMPUR, June 23 (Bernama) – The 60-day waiver on the sale of Iranian crude oil in the global market has opened the door for Iran and Malaysia to further strengthen economic cooperation, particularly in the energy sector.

Malaysia Must Build Future-ready Maritime Economy -- Loke

KUALA LUMPUR, June 23 (Bernama) -- Malaysia must build a future-ready maritime economy, anchored by resilient ports, a diversified energy architecture, innovative digital infrastructure, secure shipping corridors, and robust regional cooperation.

Bursa Malaysia Opens Higher On Mild Bargain Hunting

By Rosemarie Khoo

KUALA LUMPUR, June 23 (Bernama) -- Bursa Malaysia opened marginally higher on Tuesday on mild bargain hunting despite a mixed session on Wall Street, an analyst said.