Bursa Malaysia Opens Higher For Third Consecutive Day

By K. Naveen Prabu & Danni Haizal Danial Donald

KUALA LUMPUR, Oct 29 (Bernama) -- Bursa Malaysia opened higher for the third consecutive day on Thursday, tracking overnight gains on Wall Street after the United States Federal Reserve (Fed) kept interest rates unchanged at 3.75 per cent to 4.00 per cent.

Oriental Interest Terminates Proposed Acqusition Of Chin Hin Jitra And CHJ Motor

KUALA LUMPUR, Oct 28 (Bernama) -- Property developer Oriental Interest Bhd will not proceed with the proposed RM280 million acquisition of the entire equity interest in Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings Sdn Bhd.

PHB Acquires RM300 Mln Logistics Complex In Penang From Titijaya

KUALA LUMPUR, Oct 28 (Bernama) -- Pelaburan Hartanah Bhd (PHB) has acquired a logistics real estate asset in Bayan Lepas Waterfront, Penang, from Titijaya Land Bhd for approximately RM300 million.

Asian Pac To Buy Kuantan Land For RM42.09 Mln, To Develop RM281.3 Mln Commercial Project

KUALA LUMPUR, Oct 28 (Bernama) -- Asian Pac Holdings Bhd (APHB) has entered into agreements with KotaSAS Sdn Bhd to acquire 8.69 hectares (ha) of leasehold land in Kuantan, Pahang, for RM42.09 million and undertake an adjoining commercial development with an estimated gross development value (GDV) of RM281.3 million.

Berjaya Construction To Undertake RM1.2 Bln Sanglang Port Development Project

KUALA LUMPUR, Oct 28 (Bernama) -- Berjaya Construction Bhd is set to undertake the design-and-build works for the Sanglang Port development project in Perlis, which has an estimated total development cost of RM1.2 billion, including initial construction costs of RM675 million.

Rubber Market Ends Mixed, Supported By Regional Gains

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 28 (Bernama) -- The Kuala Lumpur rubber market ended mixed today, tracking gains in regional rubber futures, said a dealer.

Govt Reviews Power Supply Before Deciding On 24 Data Centre Applications

KUALA LUMPUR, Oct 28 (Bernama) -- The government has yet to decide on 24 new data centre applications as it assesses whether electricity supplies can meet the needs of 117 projects already approved, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.

Sabah's Federal Development Expenditure At 71.78 Pct As Of Oct 26

KOTA KINABALU, Oct 28 (Bernama) -- Sabah's federal development expenditure performance has increased to 71.78 per cent as of Oct 26, up from 52.07 per cent on Aug 10 this year, said Chief Minister Datuk Seri Hajiji Noor.

Safran's Negeri Sembilan Facility Produces 27 Pct Of Global Carbon Brake Discs

KUALA LUMPUR, Oct 28 (Bernama) -- Safran Group’s carbon brake disc manufacturing facility in Sendayan, Negeri Sembilan, accounts for 27 per cent of its global production, underscoring the importance of the Malaysian operation within Safran’s global manufacturing network. 

SIC To Review MotoGP Ticket Prices, Track Rental Charges To Boost Revenue -- CEO

By Siti Radziah Hamzah

SEPANG, Oct 28 (Bernama) -- Sepang International Circuit (SIC) is eyeing a review of MotoGP ticket prices and track rental charges to boost revenue, cover rising operating costs and help fund its share of the championship’s hosting rights fees.

Nuclear Power Could Strengthen Malaysia’s Low-carbon, Reliable Energy Mix

SINGAPORE, Oct 28 (Bernama) -- Nuclear power could be a viable long-term addition to Malaysia’s energy mix, complementing renewable energy to deliver a system that is low-carbon, environmentally sustainable, secure and reliable.

Bursa Malaysia Key Index Remains Slightly Lower At Midday On Selling Pressure

KUALA LUMPUR, Oct 28 (Bernama) -- Bursa Malaysia’s key index remained slightly lower at midday today, dragged by continued selling in selected heavyweight stocks, particularly in the financial services sector.