Milux Proposes To Acquire 100 Pct Stake In Movon For RM150 Mln

KUALA LUMPUR, July 13 (Bernama) -- Home appliance distributor Milux Corporation Bhd has proposed to acquire a 100 per cent equity interest in Movon Sdn Bhd from Abletech Solutions Sdn Bhd (ASSB) and Datuk Dr Lim Jee Gin for RM150 million.

Govt To Study Proposals From Malaysian Plastics Manufacturers Association - Akmal Nasrullah

KUALA LUMPUR, July 13 (Bernama) -- The National Economic Action Council (NEAC) has taken note of several proposals submitted by the Malaysian Plastics Manufacturers Association (MPMA) and has decided that the Ministry of Investment, Trade and Industry (MITI) and the Economy Ministry should examine them.

Gold Futures Close Lower

KUALA LUMPUR, July 13 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Monday, mirroring the decline in US COMEX gold prices.

Plantation, Commodity Stocks Lift Bursa Malaysia Higher At Close

By Siti Noor Afera Abu

KUALA LUMPUR, July 13 (Bernama) -- Bursa Malaysia ended higher on Monday as gains in plantation and commodity-related counters offset the cautious regional sentiment.

Kuala Lumpur Rubber Ends Higher On China Demand, Oil Price Surge

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, July 13 (Bernama) -- The Kuala Lumpur rubber market closed higher on Monday, supported by stronger physical demand from China and higher crude oil prices, despite mixed regional rubber futures, a dealer said.

Indonesia's B50 Mandate Opens Growth Opportunities For Malaysian Palm Oil - MPOC

By Danni Haizal Danial Donald

KUALA LUMPUR, July 13 (Bernama) -- The recent launch of Indonesia's nationwide rollout of the B50 biodiesel mandate presents an opportunity for Malaysia to strengthen its existing palm oil markets while expanding its market share in selected destinations.

Short-term Gold Prices Likely To Hover US$3,800-US$4,200 Per Troy Ounce -- Go Capital

KUALA LUMPUR, July 13 (Bernama) -- Gold prices are likely to hover between US$3,800 and US$4,200 (US$1=RM4.071) per troy ounce amid pressure from crude oil prices and inflation, Go Capital Growth Sdn Bhd general manager Hong Kok Wah said.

Liew Calls For One-stop Centre To Boost Semiconductor, Deep-tech Financing

KUALA LUMPUR, July 13 (Bernama) -- Deputy Finance Minister Liew Chin Tong has proposed that Malaysia establish a one-stop centre for semiconductor and deep-tech financing, offering integrated financing solutions in the heart of Malaysia’s technology cluster.

Four Malaysian Companies Receive Six Arm Technology Approvals -- Akmal Nasrullah

KUALA LUMPUR, July 13 (Bernama) -- Six Arm technology access tokens or approvals have been offered to four Malaysian companies, comprising three Arm Compute Subsystems accesses and three Arm Flexible Access licences, as of today, said Economy Minister Akmal Nasrullah Mohd Nasir.

Shipping Recovery To Take Time As Malaysian Ports Prepare For Hormuz Backlog

By Harizah Hanim Mohamed

KUALA LUMPUR, July 13  (Bernama) – Ports, shipping lines and cargo owners are now confronting the formidable task of restoring global supply chains and clearing a backlog of vessels and cargo built up during months of conflict in and around the Strait of Hormuz, a process that industry players say could take weeks or even months.

Bursa Malaysia Remains Higher At Midday On Bargain Hunting

KUALA LUMPUR, July 13 (Bernama) -- Bursa Malaysia maintained its upward momentum at midday, supported by bargain hunting in selected heavyweight stocks after profit-taking weighed on the market in the early morning session.

Pos Malaysia Targets 70,000 Customers For New Pos ArRahnu Gold-i Service In First Year

KUALA LUMPUR, July 13 (Bernama) -- Pos Malaysia Bhd is targeting between 50,000 and 70,000 customers for its newly launched Syariah-compliant digital gold service, Pos ArRahnu Gold-i, in the first year.