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Crude Oil Supplies For Industrial Production Remain Stable

KUALA LUMPUR, July 7 (Bernama) -- Crude oil supplies for industrial production, including resin manufacturing, remain stable, and industries are also adjusting their operations to cope with rising costs, the Ministry of Economy said.

MCE Unveils RM50 Mln Automotive Electronics Manufacturing Hub In Serendah

HULU SELANGOR, July 7 (Bernama) -- MCE Holdings Bhd (MCE) today officially launched the MCE Auto Hub, a RM50 million advanced manufacturing facility in UMW High Value Manufacturing Park, Serendah, that will strengthen the group's design, engineering, manufacturing and research and development capabilities.

CPO Futures Pare Gains, Close Mixed On Cautious Sentiment Ahead Of MPOB Data

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, July 7 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mixed on Tuesday on caution ahead of the release of the Malaysian Palm Oil Board's (MPOB) monthly data at the end of the week.

Ringgit Ends Higher On Weaker Greenback, Firmer Oil

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, July 7 (Bernama) -- The ringgit closed higher against the US dollar today, tracking gains in regional currencies as a weaker greenback and firmer crude oil prices lifted sentiment, an analyst said.

BNM To Keep OPR Unchanged At 2.75 Pct -- Economists

By Karina Imran

KUALA LUMPUR, July 7 (Bernama) -- Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 2.75 per cent at its Monetary Policy Committee (MPC) meeting, supported by resilient external sector performance, moderate domestic demand and manageable inflationary risks, said economists.

Govt Revamping NCM Scheme For Automotive Industry, Targets Implementation Next Year

SERENDAH, July 7 (Bernama) --  The government is revamping the New Customised Incentive Mechanism (NCM) for the automotive industry, intending to implement it next year after completing consultations with the relevant ministries, agencies, and industry players.

Bursa Malaysia Ends Marginally Lower On Mild Profit-Taking

By Danni Haizal Danial Donald

KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia ended marginally lower on Tuesday as investors engaged in mild profit-taking following the recent rebound in the local market, in line with softer performances across regional markets.

Ningbo Showcases Smart Manufacturing At Colombo Cultural Exchange

KUALA LUMPUR, July 7 (Bernama) -- The cultural exchange event, Encounter & Insight: Dialogue Between Ningbo, China and Colombo, Sri Lanka, brought together representatives from the two port cities to discuss integrated port-city development and bilateral economic and trade connectivity.

Bursa Malaysia Ends Morning Session Lower Amid Heavyweight Sell-off

KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia ended the morning session lower today, as continued selling activities in heavyweight stocks, particularly financial counters, weighed on market sentiment.

RNG Tech To Deploy Over 800 Massage Chairs In Malaysia, Four ASEAN Countries To Drive Expansion

KUALA LUMPUR, July 7 (Bernama) --  RNG Tech Bhd aims to deploy more than 800 self-service massage chairs across Malaysia and four ASEAN countries this year as part of its expansion strategy after its listing on the ACE Market of Bursa Malaysia.

KLCI Futures Lower In Early Trade

KUALA LUMPUR, July 7 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts opened lower on Bursa Malaysia Derivatives today.

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.