Malaysian Banks, DFIs Adopt AI Rapidly But Remain Cautious On Key Decisions -- AICB Report

KUALA LUMPUR, July 9 (Bernama) -- Malaysian banks and development financial institutions (DFIs) are rapidly adopting artificial intelligence (AI), but many remain cautious about using AI for high-impact business decisions.

Bursa Malaysia Opens Lower Amid West Asia Uncertainty

KUALA LUMPUR, July 9 (Bernama) -- Bursa Malaysia opened lower on Thursday, reversing the previous session's gains as escalating tensions in West Asia weighed on investor sentiment.

Ringgit Rises As Fed Minutes Weigh On US Dollar 

KUALA LUMPUR, July 9 (Bernama) -- The ringgit opened firmer against the US dollar on Thursday as the greenback weakened after the release of minutes from the US Federal Open Market Committee (FOMC) meeting.

France Ready To Assist Malaysia To Develop Civil Nuclear Energy

KUALA LUMPUR, July 8 (Bernama) -- France is ready to collaborate with Malaysia on civil nuclear energy development if Malaysia decides to pursue this option as part of its energy transition efforts, said French Minister Delegate for Foreign Trade and Economic Attractiveness Nicolas Forissier.

AI-Enabled Grid Should Drive Malaysia’s Energy Transition - Industry Expert

KUALA LUMPUR, July 8 (Bernama) -- Malaysia’s energy transition will depend not only on expanding generation capacity but also on its ability to build a smarter, more integrated and more resilient power grid, an industry expert said.

Chin Hin Plans RM3.60 Bln GDV Golden Triangle Project Via RM455 Mln Land Acquisition

KUALA LUMPUR, July 8 (Bernama) -- Chin Hin Group Property Bhd (CHGP) plans to develop a mixed-use project with an estimated gross development value (GDV) of RM3.60 billion in Kuala Lumpur's Golden Triangle and a total development cost (TDC) of RM2.72 billion.

Infomina Secures RM21.12 Million JPJ Contract For ICT Infrastructure Support Services

KUALA LUMPUR, July 8 (Bernama) -- Infomina Bhd secured a RM21.12 million information and communications technology (ICT) maintenance and technical support services contract from the Road Transport Department (JPJ).

Ringgit Ends Higher Against Most Major Currencies, Weaker Versus US Dollar

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, July 8 (Bernama) -- The ringgit closed higher today, strengthening against major currencies but easing against the US dollar as persistent geopolitical tensions in West Asia boosted demand for the safe-haven greenback, said an analyst. 

Petronas Advances TriCipta AI Through Third JDA with IBM, Tridiagonal.AI

KUALA LUMPUR, July 8 (Bernama) -- Petronas Carigali Sdn Bhd has signed the third joint development agreement (JDA) with IBM Malaysia Sdn Bhd (IBM) and Tridiagonal.AI Pvt Ltd (T.AI) to advance its flagship TriCipta AI across the upstream value chain.

MADANI Govt Continues Working With BNM, Banking Industry To Ensure Financial System Remains Stable

KUALA LUMPUR, July 8 (Bernama) -- The MADANI government will continue to work closely with Bank Negara Malaysia (BNM) and the banking industry to ensure the country’s financial system remains stable, inclusive, and people-centred.

Late Buying Lifts Bursa Malaysia To Close Slightly Higher

By Danni Haizal Danial Donald

KUALA LUMPUR, July 8 (Bernama) -- Late buying interest lifted Bursa Malaysia to a slightly higher close on Wednesday, reversing earlier losses and bucking the mixed performance across regional markets.

Banks Must Move Beyond AI Adoption To Trusted Implementation -- AICB

KUALA LUMPUR, July 8 (Bernama) -- There is a need for banks to move beyond Artificial Intelligence (AI) adoption towards trusted implementation, backed by stronger governance, assurance, resilience and future-ready talent, said the Asian Institute of Chartered Bankers (AICB).