LyondellBasell To Sell Former Houston Refinery To Valero For US$320.5 Mln

KUALA LUMPUR, Nov 2 (Bernama) -- LyondellBasell (LYB) has agreed to sell its former Houston Refinery site and related assets to a subsidiary of Valero Energy Corporation (Valero) for US$320.5 million as part of its ongoing portfolio transformation. (US$1 = RM4.05)

Mi Technovation Shares Fall Following Singapore Property Acquisition

KUALA LUMPUR, Nov 2 (Bernama) -- Mi Technovation Bhd’s shares fell in early trade on Monday following the group’s planned acquisition of a freehold industrial building in Singapore for S$103.88 million (RM331.8 million).

Foreign Investors Return To Net Buying With US$323.1 Mln Net Inflows

KUALA LUMPUR, Nov 2 (Bernama) -- Foreign institutions returned to net buying on Bursa Malaysia, recording US$323.1 million in net inflows, according to MBSB Investment Bank Bhd (MBSB IB).

Bursa Malaysia Opens Lower As Weak Wall Street Performance Dampens Sentiment

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Nov 2 (Bernama) -- Bursa Malaysia opened lower on Monday, weighed down by Wall Street’s weaker performance last Friday, which dampened investor sentiment.

Ringgit Opens Higher On Expectations Of OPR Normalisation

KUALA LUMPUR, Nov 2 (Bernama) -- The ringgit opened higher against the US dollar and major currencies on Monday, supported by expectations of a possible overnight policy rate (OPR) normalisation ahead of Bank Negara Malaysia’s Monetary Policy Committee (MPC) meeting this Thursday.

CIMB Islamic, PSDC Offer Technical Skills Training To Underprivileged Youth

GEORGE TOWN, Oct 31 (Bernama) -- CIMB Islamic Bank Bhd, in collaboration with the Penang Skills Development Centre (PSDC), has introduced a technical skills training programme to help underprivileged youth secure employment in Malaysia's electrical and electronics (E&E) and manufacturing sectors.

Perak Mooted As Venue For JS-SEZ Master Plan Launch

JOHOR BAHRU, Oct 31 (Bernama) -- The government is considering Perak as the venue for the launch of the Johor-Singapore Special Economic Zone (JS-SEZ) master plan, which could coincide with the two countries’ Annual Leaders’ Retreat scheduled to be held in the state on Dec 4.

Penang Seeks To Boost Cruise Tourism With New '3I Strategy'

GEORGE TOWN, Oct 31 (Bernama) -- Penang is stepping up efforts to strengthen its position as a leading cruise tourism destination with the introduction of a proposed ‘3I Strategy’ aimed at enhancing port facilities and attracting new international cruise routes.

AirBorneo Launches Kuching-Jakarta Flight, Fares From RM399

KUCHING, Oct 31 (Bernama) -- Sarawak’s state-owned airline, AirBorneo, has officially opened ticket sales today for its new direct route connecting Kuching to Indonesia’s capital, Jakarta, starting Nov 13. 

Short-term Rates Set To Remain Stable Next Week On BNM Operations

KUALA LUMPUR, Oct 31 (Bernama) -- Short-term interbank rates are expected to remain stable next week, supported by Bank Negara Malaysia’s (BNM) financial system operations.

Ringgit Expected To Trade In Narrow Range Vs Greenback Ahead Of BNM's OPR Decision Next Week

By Engku Shariful Azni Engku Ab Latif

Ni Hsin Unaware Of Reports Or Rumours Causing Share Price Fall

KUALA LUMPUR, Oct 30 (Bernama) -- Ni Hsin Group Bhd said it has no knowledge of any rumour or report concerning the group’s business and affairs that may account for the sharp price fall and high trading volume of its shares after Bursa Malaysia Securities Bhd issued an unusual market activity (UMA) earlier today.