Sustained Buying Lifts Bursa Malaysia Higher At Midday

KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia ended higher at midday, supported by continued buying interest in heavyweights, amid mixed regional market performance.

Daicel POM Powder Enables Stick Lubricant Innovation

KUALA LUMPUR, June 18 (Bernama) -- Daicel Corporation’s High Performance Polymers Strategic Business Unit (formerly Polyplastics Co Ltd) has announced its DURAST POM fine powder has been adopted in a new stick-form lubricant developed by Japan-based Maia Co Ltd, marking a novel application for the engineering plastic material in maintenance operations.

Ringgit Opens Easier Against US Dollar

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 18 (Bernama) -- The ringgit opened lower against the US dollar on Thursday as sentiment turned cautious after the US Federal Reserve (Fed) adopted a hawkish tone, driving US Treasury yields higher.

Malaysia Eyes Broader Cooperation With Turkmenistan During Anwar's Visit

From Sharifah Hunaini Syed Ismail

ASHGABAT (TURKMENISTAN) June 18 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s visit to Turkmenistan from June 18 to 19 is highly significant as it is expected not only to create more opportunities for cooperation in the oil and gas sector but also to enhance collaboration in other industries such as transportation, logistics and agriculture between the two countries.

Anwar Thanks Putin For Russia's Support On Energy Cooperation, Petronas

By Nurul Hanis Izmir

KAZAN, June 18 (Bernama) – Prime Minister Datuk Seri Anwar Ibrahim expressed appreciation to Russian President Vladimir Putin for Russia’s support in strengthening energy cooperation with Malaysia, especially Petroliam Nasional  Bhd (Petronas).

Anwar, Putin Discuss Energy Security, Trade In Local Currencies

By Nurul Hanis Izmir

KAZAN, June 18 (Bernama) — Prime Minister Datuk Seri Anwar Ibrahim and Russian President Vladimir Putin discussed various aspects of bilateral cooperation, including the potential to strengthen ties in the energy sector, one of the strategic areas for both countries.

Agrobank To Establish Trade Facilitation, Payment Settlement Arrangements With Uzbekistan

By Siti Radziah Hamzah

TASHKENT, June 17 (Bernama) --  Agrobank is targeting to establish trade facilitation and payment settlement arrangements linking Malaysia with Uzbekistan and the wider Commonwealth of Independent States (CIS) region by year-end.

Interest Rate Normalisation In Japan Seen As Having Greater Impact On Asia Than Europe

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 17 (Bernama) -- The Bank of Japan’s (BOJ) ongoing policy normalisation is likely to have a greater impact on Asian financial markets than the European Central Bank’s (ECB) higher-for-longer interest rate stance.

CPO Futures End Higher Amid Weather-related Supply Concerns

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 16 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher today amid concerns over weather-related issues, a trader said.

Oil Prices To Retain US$5-US$10 Risk Premium Per Barrel Despite US-Iran MoU -- Rystad Energy

KUALA LUMPUR, June 16 (Bernama) -- Crude oil prices are expected to retain a residual geopolitical risk premium of between US$5 and US$10 per barrel despite the virtual signing of the United States (US)-Iran memorandum of understanding (MoU), said Rystad Energy.

Gold Futures Close Higher On Lower Oil Prices

KUALA LUMPUR, June 16 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher on Tuesday amid lower oil prices, which eased inflation concerns and improved sentiment towards the precious metal.

Ringgit Closes Lower Against Greenback On BOJ Interest Rate Increase

By K. Naveen Prabu

KUALA LUMPUR, June 16 (Bernama) -- The ringgit closed lower against the US dollar on Tuesday as investors remained cautious following the Bank of Japan's (BOJ) decision to raise interest rates.