Sabah Southern MADANI Link Project Strengthens Electricity Supply Stability, Security

KUALA LUMPUR, July 21 (Bernama) -- The Sabah Southern MADANI Link (SSML) project by the Sabah state government is a strategic investment that strengthens the stability and security of the state’s electricity supply, according to the Ministry of Energy Transition and Water Transformation (PETRA).

CPO Futures Slip On Weaker Soybean, Crude Oil Prices

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 21 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Tuesday amid weakness in the soybean oil and crude oil markets, said a trader.

Yayasan Hijrah Selangor Shortens Microfinancing Approval With DANA PLUS App 

KLANG, July 21 (Bernama) -- Yayasan Hijrah Selangor (Hijrah Selangor) has shortened the approval period for microfinancing of up to RM10,000 to 48 hours from the previous 14 to 21 days.

ECRL Expected To Contribute Up To RM90 Bln To GDP By 2047

By Anis Nabilla Md Wazilah

KUANTAN, July 21 (Bernama) -- The East Coast Rail Link (ECRL) project is projected to generate RM80 to RM90 billion in cumulative value added contribution to the country’s gross domestic product (GDP) by 2047. 

Economy Ministry Drafting Legislative Framework To Curb Rent-Seeking Practices

PUTRAJAYA, July 21 (Bernama) -- The Economy Ministry is detailing a proposed legislative framework to curb rent-seeking practices, including assessing the need to enact new laws or improve existing provisions.

Ringgit Extends Gains Against US Dollar On Stellar Trade Data Amid West Asia Tensions

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, July 21 (Bernama) -- The ringgit extended its gains to close higher for a second consecutive day against the US dollar and other major currencies on Tuesday, supported by Malaysia’s stronger-than-expected trade performance, despite persistent geopolitical uncertainties.

New Smart Manufacturing Scheme To Give SMEs, Mid-tier Firms Greater Access To Capital

KUALA LUMPUR, July 21 (Bernama) -- The Investment, Trade and Industry Ministry (MITI) and the Securities Commission Malaysia (SC) have introduced the Smart Manufacturing scheme to facilitate greater access to capital and support the business growth of small and medium enterprises (SMEs) and mid-tier companies (MTCs) in strategic sectors.

Bursa Malaysia Ends Lower On Profit-Taking Despite Positive Market Breadth

KUALA LUMPUR, July 21 (Bernama) -- Bursa Malaysia’s key index closed marginally lower on Tuesday, weighed down by continued profit-taking, although the positive market breadth indicated that selective buying interest remained intact.

Rubber Market Ends Lower On Regional Weakness, Softer Oil Prices

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 21 (Bernama) -- The Kuala Lumpur rubber market ended lower on Tuesday, weighed down by declines in regional rubber futures markets and softer benchmark crude oil prices amid expectations of ample natural rubber supply from Thailand, a major producer, said a dealer.

Malaysian Lubricant Producer Hyrax Oil Expands Reach Across Five Southeast Asian Markets

BANGKOK, July 21 (Bernama) -- Hyrax Oil Sdn Bhd, a Malaysian producer of lubricants and transformer insulating oils, signed agreements on Tuesday to expand the reach of its Hyrax Estramol ester transformer fluids into Thailand, Cambodia, Laos, Myanmar and Vietnam.

Bursa Malaysia Lower At Midday As It Tracks Wall St Weakness

KUALA LUMPUR, July 21 (Bernama) -- Bursa Malaysia ended the morning session in negative territory, tracking the weaker performance on Wall Street overnight.

74 Pct Of Malaysians Use AI For Shopping, But Many Hesitate Over AI-completed Purchases – Adyen

KUALA LUMPUR, July 21 (Bernama) -- About 74 per cent of Malaysians use artificial intelligence (AI) to support their shopping, but 52 per cent remain uncomfortable allowing the technology to complete purchases on their behalf, according to a survey published by financial technology (fintech) platform Adyen.