Malaysia Eyes Russian Investors As It Expands Islamic Finance Ecosystem

KUALA LUMPUR, June 24 (Bernama) -- The government, in collaboration with the Securities Commission Malaysia (SC), remains committed to developing a comprehensive Islamic finance ecosystem to attract investors, particularly from Russia.

IATA Outlines Four Priorities To Tackle Aerospace Supply Chain Failures

KUALA LUMPUR, June 24 (Bernama) -- The International Air Transport Association (IATA) has identified four priorities to address persistent failures in the aerospace supply chain, namely enhancing supply chain visibility, opening up the aftermarket, unlocking the value of data, digitalisation and artificial intelligence (AI), as well as building human capacity.

FDI Inflows, Overseas Expansion Reflect Malaysia’s Growing Economic Strength – Economists

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 24 (Bernama) -- Malaysia’s ability to attract strong foreign direct investment (FDI) while domestic companies continue expanding overseas underscores the country’s growing economic strength, competitiveness and investor confidence in the country’s long-term prospects, economists said.

Ringgit Extends Gains On Strong Malaysian Economic Data

By Danni Haizal Danial Donald

KUALA LUMPUR, June 24 (Bernama) -- The ringgit extended its gains to close higher against the US dollar and other major currencies, as well as ASEAN peers, on Wednesday, supported by stronger-than-expected economic data in Malaysia, which boosted investor confidence and market sentiment.

KLCI Futures Close Higher In Tandem With Cash Market Performance

KUALA LUMPUR, June 24 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed higher today in tandem with the better cash market performance.

AEON Credit Fined RM520,000 For Failure To Comply With TFS Requirements - BNM

KUALA LUMPUR, June 24 (Bernama) -- AEON Credit Service (M) Bhd (AEON Credit) has been fined RM520,000 for failing to to comply with requirements relating to targeted financial sanctions (TFS). 

Rubber Market Ends Lower Amid Softer Crude Oil Prices

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, June 24 (Bernama) -- The Kuala Lumpur rubber market ended lower on Wednesday amid softer crude oil prices and a mixed performance in regional rubber futures markets, a dealer said.

Govt Has No Plans To Expand Fuel Subsidy Programme --  Liew 

KUALA LUMPUR, June 24 (Bernama) -- The government has no plans to expand the fuel subsidy programme after the recent adjustment in subsidised diesel prices, said Deputy Finance Minister Liew Chin Tong.

Shell Unveils Triple 10 Challenge Concept Car For Next-Gen EVs

KUALA LUMPUR, June 24 (Bernama) -- Shell has unveiled its Triple 10 Challenge concept car, a ground-breaking proof-of-concept vehicle designed to showcase a new approach to battery electric vehicle (EV) design through advanced thermal management technology.

Eden At Botanica CT, APAM Sign MoU To Integrate Development With Retirement Scheme

GEORGE TOWN, June 24 (Bernama) -- Eden at Botanica CT Sdn Bhd and AIA Pension and Asset Management Sdn Bhd (APAM) have signed a memorandum of understanding (MoU) to integrate Private Retirement Scheme (PRS) solutions into a senior living development, aimed at strengthening financial preparedness among Malaysia’s ageing population.

Government Expands Local Product Participation In SARA Program -- Amir Hamzah

KUCHING, June 24 (Bernama) -- The government continues to strengthen the implementation of the Sumbangan Asas Rahmah (SARA) program by opening up opportunities for more products from local entrepreneurs to be marketed based on consumer needs and preferences in a given area.

MIDA-GreatAsic Value Chain Programme Highlights Strategic Semiconductor Collaboration

KUALA LUMPUR, June 24 (Bernama) -- The Malaysian Investment Development Authority (MIDA) today hosted the MIDA-GreatAsic Value Chain Programme, highlighting a strategic collaboration between GreatAsic Technology Sdn Bhd and Xenith Technology (Malaysia) Sdn Bhd to strengthen Malaysia’s semiconductor design capabilities.