Bursa Malaysia Pares Yesterday's Gains To Open Lower

KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia pared yesterday's gains to open lower on Tuesday, as early selling pressure weighed on market sentiment.

CPO Futures End Higher, Tracking Gains In Soybean Oil & Palm Olein

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, July 6 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday, buoyed by stronger performances in soybean oil on the Chicago Board of Trade and palm olein futures on China's Dalian Commodity Exchange, a trader said.

Indonesia Targets US$5.8 Bln Green Investment Through Carbon Market

By Nik Nurfaqih Nik Wil

JAKARTA, July 6 (Bernama) -- Indonesia's Carbon Economic Value (NEK) instrument is projected to attract up to US$5.8 billion (US$1=RM4.08) in green investment while reducing greenhouse gas emissions by an estimated 570 million tonnes of carbon dioxide (CO2) equivalent.

RHB IB Projects Malaysia's 2026 GDP Growth At 4.7 Pct 

KUALA LUMPUR, July 6 (Bernama) -- Malaysia's gross domestic product (GDP) is projected to grow 4.7 per cent in 2026, with a modest upside bias, supported by stronger-than-expected export performance, resilient domestic demand and easing external risks, according to RHB Investment Bank Bhd (RHB IB).

Gold Futures Close Lower Amid Stronger US Dollar

KUALA LUMPUR, July 6 (Bernama) -- Gold futures on Bursa Malaysia Derivatives Gold closed lower on Monday as investors took profits amid a stronger US dollar ahead of the release of the US Federal Reserve's June meeting minutes later this week.

Enest IPO Oversubscribed 1.94 Times Ahead Of ACE Market Listing

KUALA LUMPUR, July 6 (Bernama) -- Enest Group Bhd's initial public offering (IPO) has been oversubscribed by 1.94 times, ahead of its listing on the ACE Market of Bursa Malaysia.

Ringgit Ends Lower As Investors Return To US Dollar

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, July 6 (Bernama) -- The ringgit closed lower against the US dollar on Monday as investors returned to the greenback following its recent pullback after a weaker-than-expected US June employment report.

Bursa Malaysia Ends Higher Lifted By Banking, Plantation Stocks

By Abdul Hamid A Rahman

KUALA LUMPUR, July 6 (Bernama) -- Bursa Malaysia ended higher on Monday, supported by renewed buying interest in banking and plantation counters.

Rubber Market Closes Mixed, Supported By Regional Futures Gains

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, July 6 (Bernama) -- The Kuala Lumpur rubber market closed mixed on Monday, supported by gains in regional rubber futures markets and expectations of a new tyre plant in Selangor.

Melaka Inland Port To Drive Economic Growth, Strengthens Logistics Sector

ALOR GAJAH, July 6 (Bernama) -- The RM300 million Melaka Inland Port (MIP) project is expected to be a catalyst for the state’s economic growth by bolstering the logistics and trade sectors and supporting the state government’s aspiration to reach RM10 billion in investments by 2030.

AscentHR Expands Regional Payroll Capabilities With OS HRS Acquisition

KUALA LUMPUR, July 6 (Bernama) -- AscentHR, a human resources (HR) technology, payroll, compliance, and workforce solutions provider, has acquired OS HRS to expand its regional payroll capabilities across countries, enhancing support for multinational enterprises across the Asia-Pacific (APAC) and the Middle East.

Bursa Malaysia Extends Gains At Midday

KUALA LUMPUR, July 6 (Bernama) -- Bursa Malaysia extended its gains at midday, with financial services, healthcare and transportation stocks leading the gains among heavyweights.