Bursa Malaysia expected to recover once global monetary environment stabilises

KUALA LUMPUR, July 10 (NNN-Bernama) — The stock exchange of Malaysia, Bursa Malaysia’s performance is expected to recover when the global interest rate environment is more stable, subsequently drawing renewed interest and foreign fund inflows into this region, said Bursa Malaysia Bhd chairman Abdul Wahid Omar.  He said Malaysia saw net foreign…

Malaysia-Tesla collaboration is beyond EV sector – Trade Minister

KUALA LUMPUR, July 10 (NNN-Bernama) — The potential collaboration between Malaysia and Tesla is not only limited to the electric vehicle (EV) sector but other sectors as well, said Malaysia’s Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz said. He said there would be a call between Prime Minister…

US firms keen to explore greenfield entries into Malaysia

KUALA LUMPUR, July 10 (NNN-Bernama) — Companies from the United States (US) have shown significant interest in exploring greenfield entries into Malaysia, said Deputy Finance Minister II Steven Sim Chee Keong. In sharing the outcome of a recent meeting with the American Malaysian Chamber of Commerce (AmCham), Sim said US…

Rise of cybersecurity threats a significant concern – Malaysian PM

KUALA LUMPUR, July 10 (NNN-Bernama) — Although digital transformation has helped the country in overcoming the challenges posed by the COVID-19 pandemic, its exponential evolution has also increased cyber risks and amplified its impact, said Malaysian Prime Minister Anwar Ibrahim. He cited the World Economic Forum 2023 Global Cybersecurity Outlook, which stated that 93…

Great progress made in strengthening cyber security in Malaysia

KUALA LUMPUR, July 10 (NNN-Bernama) — Malaysia has made significant strides to strengthen its cyber security posture, and the establishment of the National Cyber Security Agency (NACSA) in 2017 under the National Security Council is testament of the country’s commitment to protect critical infrastructure and combatting cyber threats.  Director-General for National Security Raja…

Malaysia’s natural rubber production up 6.8 pct in May

KUALA LUMPUR, July 10 (NNN-Bernama) — Malaysia’s natural rubber (NR) production increased by 6.8 per cent to 25,062 tonnes in May 2023 from 23,460 tonnes in April 2023, said the Department of Statistics Malaysia (DoSM). Similarly, NR output grew by 20.2 per cent year-on-year as against 20,857 tonnes in May 2022, it said.…

Malaysian PM Anwar receives courtesy call from India’s Defence Minister

PUTRAJAYA (Malaysia), July 10 (NNN-Bernama) — Malaysian Prime Minister Anwar Ibrahim Monday received a courtesy call from Indian Defence Minister Rajnath Singh, who is on his first visit to Malaysia, to boost bilateral defence cooperation. In the meeting, at the prime minister’s office here, which was also attended by Defence Minister Mohamad…

Bursa Malaysia opens slightly lower but rebounds thereafter

KUALA LUMPUR, July 10 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened marginally lower but rebounded thereafter, driven by renewed buying interest due to lower prices amid cautious local market sentiment, a dealer said. At 9.17 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.81 points to 1,381.48 from 1,377.67…

Malaysian ringgit opens firmer against US dollar

By Kisho Kumari Sucedaram KUALA LUMPUR, July 10 (NNN-Bernama) — The Malaysian ringgit opened firmer against the US dollar Monday morning on the back of softer United States (US) nonfarm payroll (NFP), which has helped to stablise the local note, said an analyst.  At 9 am, the local unit climbed to…

India Defence Minister to call on Malaysian PM Anwar

NEW DELHI, July 8 (NNN-Bernama) — Indian Defence Minister Rajnath Singh will be in Malaysia for a two-day visit to boost bilateral defence links. Singh will call on Prime Minister Anwar Ibrahim and hold talks with Malaysian Defence Minister Datuk Seri Mohamad Hasan during the visit starting on Monday, the…