Bursa Malaysia Reverses Earlier Gains To End Lower

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 1 (Bernama) -- Bursa Malaysia’s benchmark index fell 0.43 per cent to close at its intraday low, reversing earlier gains as a wave of late-session selling erased the day's advances.

Electricity Consumption Of Data Centres Expected To Surge To 31 Pct By 2035

KUALA LUMPUR, July 1 (Bernama) --  Electricity consumption by the data centre sector is expected to increase significantly to 31% - equivalent to 73,274 gigawatt-hours (GWh) - by 2035, up from 7% or 10,544 GWh in 2026.

U Mobile Completes Transition To Own 5G Network, Exits DNB Wholesale Deal

KUALA LUMPUR, July 1 (Bernama) -- U Mobile Sdn Bhd has successfully migrated to its own nationwide ULTRA5G network after exiting the wholesale access agreement with Digital Nasional Bhd (DNB).

Vocalbeats.AI Joins SGTech To Expand Industry Collaboration

KUALA LUMPUR, July 1 (Bernama) -- Vocalbeats.AI has joined SGTech, Singapore's technology industry trade association, as a member of its Singapore Enterprise Chapter, strengthening the artificial intelligence (AI)-powered audio company's engagement with the country's technology ecosystem.

Regional Rubber Futures Losses Weigh On Kuala Lumpur Rubber Market

KUALA LUMPUR, July 1 (Bernama) -- The Kuala Lumpur rubber market ended lower on Wednesday, tracking losses in regional rubber futures markets, a dealer said.

Nippon Kinzoku Launches Decorative Stainless Steel Finishes For Exterior Use

KUALA LUMPUR, July 1 (Bernama) -- Nippon Kinzoku Co Ltd, a manufacturer of cold-rolled stainless steel, has introduced its new "Decorative Stainless Steel Finishes for Exterior Use".

Petroleum Product subsidies Expected To Reach RM40 Bln This Year - MOF

KUALA LUMPUR, July 1 (Bernama) -- The government is expected to bear almost RM40 billion in petroleum product subsidies this year as a result of the increase in global oil prices following the West Asia conflicts, according to the Ministry of Finance (MOF).

Vertiv Expects Johor Plant To Reach Technical Capacity By 3Q 2027

JOHOR BAHRU, July 1 (Bernama) -- US-based digital infrastructure company Vertiv Group expects its Johor manufacturing facility to gradually ramp up production, with about 15 to 20 per cent of its production lines currently in operation.

Nine Funds Earn Perfect Scores In Global SWF GSR Scoreboard

KUALA LUMPUR, July 1 (Bernama) -- Global SWF has published the seventh edition of its Governance, Sustainability, and Resilience (GSR) Scoreboard, with nine institutions achieving perfect scores in the 2026 assessment of state-owned investors.

AGC Biologics, Pyramid Pharma Services To Provide Integrated Manufacturing Solution

KUALA LUMPUR, July 1 (Bernama) -- AGC Biologics, a global biopharmaceutical contract development and manufacturing organisation (CDMO), has partnered with Pyramid Pharma Services to provide an integrated United States (US)-based manufacturing solution for drug developers.

Boomi Enables Australasian Firm Modernise Vendor Management

KUALA LUMPUR, July 1 (Bernama) -- Boomi, the data activation company for artificial intelligence (AI), announced that Programmed has transformed its vendor data management using the Boomi Enterprise Platform, establishing a single source of truth for vendor information, improving compliance and reducing manual processes across its operations.

Weststar, Rocket Technologies International Collaboration To Generate Over US$10 Bln Commercial Potential

CANBERRA, July 1 (Bernama) -- The strategic joint venture agreement (JVA) between Weststar Group and Australia's Rocket Technologies International Pty Ltd is expected to contribute significantly to bilateral trade and economic growth between Malaysia and Australia, with long-term commercial potential estimated at over US$10 billion (US$1 = RM4.08) through future aerospace, defence, satellite, and advanced technology programmes.