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CAB Launches CAB 2.0 To Support Insurance, Reinsurance Industry Digitalisation

KUALA LUMPUR, July 3 (Bernama) -- The Central Administration Bureau (CAB) has launched CAB 2.0, the enhanced cloud-based version of its Central Administration Bureau Facultative (CABFAC) system, to support the digital transformation of Malaysia's insurance and reinsurance industry.

Elsa Unit Secures Autonomous Underwater Vehicle Inspection Contract

KUALA LUMPUR, July 3 (Bernama) -- Elsa Bhd’s wholly-owned subsidiary Elsa Energy Sdn Bhd has accepted letters of award from a major exploration and production company to provide autonomous underwater vehicle (AUV) subsea structure inspection services for Peninsular Malaysia, Sabah and Sarawak.

KLCI Futures Open Higher

KUALA LUMPUR, July 3 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract opened higher on Bursa Malaysia Derivatives today, in line with the positive underlying cash market.

Bursa Malaysia Opens Higher On Consumer Stock Gains

KUALA LUMPUR, July 3 (Bernama) -- Bursa Malaysia opened higher today despite mixed overnight cues from Wall Street, supported by consumer stocks as lower crude oil prices fuelled expectations of easing inflationary pressures, a dealer said.

Ringgit Opens Firmer As US Jobs Data Eases Rate Hike Expectations

KUALA LUMPUR, July 3 (Bernama) -- The ringgit opened firmer against the US dollar on Friday after weaker-than-expected US jobs data for June reinforced expectations that the Federal Reserve (Fed) could adopt a more cautious approach to interest rates.

Govt Committed To JS-SEZ, Achieves RM76.98 Bln In Approved Investments In 2025 - Akmal Nasrullah

KUALA LUMPUR, July 2 (Bernama) -- The federal government remains committed to the success of the Johor-Singapore Special Economic Zone (JS-SEZ) as a national economic agenda that positions Johor as a new growth driver for the country.

Southern Cable Secures RM403.6 Mln Supplementary Contract From TNB

KUALA LUMPUR, July 2 (Bernama) -- Southern Cable Group Bhd's wholly-owned unit, Southern Cable Sdn Bhd has secured a RM403.6 million supplementary contract from Tenaga Nasional Bhd (TNB).

Ringgit Closes Higher Against US Dollar, Regional Currencies

By Abdul Hamid A Rahman

KUALA LUMPUR, July 2 (Bernama) -- The ringgit ended higher against the US dollar and regional currencies today as the greenback remained subdued following a lack of clear guidance on the United States interest rate outlook.

Bursa Malaysia Extends Gains To End Higher

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 2 (Bernama) -- Bursa Malaysia extended its gains to close higher today, supported by strength in telecommunications stocks and a rebound in heavyweight banking counters, which kept the benchmark index in positive territory despite cautious overall market sentiment.

Rubber Market Ends Lower On Weaker Crude Oil Prices, Regional Futures

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 2 (Bernama) -- The Kuala Lumpur rubber market ended lower on Thursday, pressured by softer crude oil prices and weaker regional rubber futures, a dealer said.

Belgium Seeks To Collaborate With Malaysia On Offshore Energy - Belgian DPM

By Siti Radziah Hamzah

KUALA LUMPUR, July 2 (Bernama) -- Belgium is keen to strengthen collaboration with Malaysia in offshore energy, leveraging its expertise in offshore energy as both countries pursue the green energy transition.

MEUFTA To Unlock Greater Trade Opportunities — Belgium DPM

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, July 2 (Bernama) — Belgium is hopeful that the Malaysia-European Union (EU) Free Trade Agreement (MEUFTA) would unlock greater new trade opportunities, strengthen economic growth, and create jobs.