KLCI Futures Open Marginally Lower

KUALA LUMPUR, July 22 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts opened lower on Bursa Malaysia Derivatives on Wednesday.

Malaysia-Thailand BEZ To Boost Trade, Cut Logistics Costs -- Economists

By Siti Noor Afera Abu

KUALA LUMPUR, July 22 (Bernama) -- The proposed Malaysia-Thailand border economic zone (BEZ) could significantly strengthen bilateral trade and regional economic development, with improved border infrastructure expected to lower logistics costs, enhance supply chain efficiency and attract more investments, an economist said.

AM Best Assigns Stable Outlook To Philippines' MAAGAP

KUALA LUMPUR, July 22 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of B+ (Good), a long-term issuer credit rating of “bbb-” (Good) and a Philippines National Scale Rating of aa.PH (Superior) to MAAGAP Insurance Inc (MAAGAP).

Holafly Names Khaby Lame Global Brand Ambassador

KUALA LUMPUR, July 22 (Bernama) -- Holafly, the global leader in travel eSIMs, has partnered with the world's most followed TikTok creator, Khaby Lame, who joins the company as its Global Brand Ambassador.

Bursa Malaysia Opens Lower Amid Continued Profit-taking

KUALA LUMPUR, July 22 (Bernama) -- Bursa Malaysia opened slightly lower on Wednesday, with continued profit-taking capping gains despite an overnight rebound on Wall Street, an analyst said.

Ringgit Opens Higher Against Major Currencies, Flat vs US Dollar

By Engku Shariful Azni Engku Ab Latif and Nur Athirah Mohd Shaharuddin 

KUALA LUMPUR, July 22 (Bernama) -- The ringgit opened higher against major currencies on Wednesday but was almost flat against the US dollar as traders adopted a cautious stance amid uncertainties over the conflict in West Asia.

MDEC Takes Immediate Action To Revoke Malaysia Digital Status of Network School Operator

KUALA LUMPUR, July 21 (Bernama) -- The Malaysia Digital Economy Corporation (MDEC) is taking immediate steps to revoke the Malaysia Digital status of NSO Malaysia Sdn Bhd.

Gold Futures End Higher Tracking COMEX Gains

KUALA LUMPUR, July 21 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher today, tracking gains in gold prices on the US Commodity Exchange (COMEX).

Ajinomoto Malaysia To Table SCR Proposal For Shareholders' Approval

KUALA LUMPUR, July 21 (Bernama) -- Ajinomoto (Malaysia) Bhd’s (AMB) board of directors has resolved to table the selective capital reduction and repayment (SCR) exercise proposed by controlling shareholder Ajinomoto Co, Inc (Ajico) to disinterested shareholders at an extraordinary general meeting (EGM) for their consideration and approval. 

Global Growth Faces Slowdown Amid Trade Barriers, Supply Chain Risks - Nurhisham

IPOH, July 21 (Bernama) -- Global economic growth could slow to near zero over the next century as rising trade barriers, intensifying geopolitical competition and supply chain disruptions reshape the global economy, Economic Adviser to the Prime Minister's Office Nurhisham Hussein said.

Govt To Limit Impact Of US Unilateral Trade Measures On Semiconductor, E&E Sectors - MITI

KUALA LUMPUR, July 21 (Bernama) -- The government will intensify efforts to reduce the impact of unilateral measures by the United States, ensuring that Malaysia remains an attractive investment destination for the semiconductor and electrical and electronics (E&E) sectors.

Global Supply Chain Disruptions Do Not Affect Malaysia-Russia Trade

KUALA LUMPUR, July 21 (Bernama) -- Trade relations between Malaysia and Russia continue to grow positively amidst disruptions to global supply chains caused by the geopolitical situation in the Middle East.