Bursa Malaysia opens mixed on cautious sentiments

KUALA LUMPUR, March 9 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened mixed on cautious sentiments ahead of Bank Negara Malaysia’s (BNM) (central bank) interest rate decision Thursday. At 9.13 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inched down by 1.30 points to 1,453.36 from Wednesday’s closing of 1,454.66. The key index opened…

Malaysian ringgit marginally recovers vs US dollar at opening

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, March 9 (NNN-Bernama) — Malaysian ringgit opened marginally higher against the US dollar Thursday, recovering from its sharp fall yesterday after the US dollar surged due to the likelihood of the United States (US) Federal Reserve (Fed) raising the interest rate.  At 9…

H3C aims to expand global footprint, eyes Malaysia and Indonesia markets

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, March 9 (NNN-Bernama) — China’s New H3C Technologies Co Ltd (H3C) aims to expand its footprint in global markets, and has identified Malaysia and Indonesia as key markets in Asean. Chief executive officer and president Tony Yu said H3C has been in the China market for…

Total air traffic in January rises 67 pct as travel off to ‘very healthy start’ in 2023 — IATA

KUALA LUMPUR, March 9 (NNN-Bernama) — Total air traffic in January 2023, measured in revenue passenger kilometres (RPKs), rose 67 per cent compared to the same month in 2022, said the International Air Transport Association (IATA). “Globally, air traffic is now at 84.2 per cent of January 2019 levels,” signalling a…

Malaysia continues to defend sovereignty against Sulu claimants’ bid to seize assets

PUTRAJAYA (Malaysia), March 8 (NNN-Bernama) — Malaysia maintains that it does not recognise the purported commercial arbitration instituted by Sulu Claimants and will continue to vigorously defend its sovereignty through the appropriate legal forums, said the Special Sulu Secretariat. The secretariat said this in response to recent media headlines referring to the purported…

Malaysian govt targets 20 pct growth in FDI, DDI this year

KUALA LUMPUR, March 8 (NNN-Bernama) — Malaysian government is targeting a 20 per cent growth in foreign direct investment (FDI) and domestic direct investment (DDI) this year, up from the RM163.3 billion (US$36.1 billion) (US$1 = RM4.52) and RM101.3 billion (US$22.4 billion) recorded in 2022, respectively. International Trade and Industry Minister Tengku Zafrul Abdul…

Malaysia-Indonesia border crossing agreement to be inked this year – minister

KUALA LUMPUR, March 8 (NNN-Bernama) — The list of new border entry points is one of the three things that will be finalised under the Border Crossing Agreement (BCA) between Malaysia and Indonesia. Malaysian Home Minister Saifuddin Nasution Ismail said the BCA is expected to be signed during Indonesian President Joko Widodo’s…

Malaysia sees minimal impact from EU carbon border mechanism adjustment

KUALA LUMPUR, March 8 (NNN-Bernama) — Malaysia foresees six to seven per cent of sectors to be impacted in the first year of the European Union Carbon Border Mechanism Adjustment’s enforcement. International Trade and Industry (MITI) Minister Tengku Zafrul Abdul Aziz reckons future impact will be greater if the needs to…

Malaysian navy chief’s visit to Singapore underscores long-standing defence relationship

By Massita Ahmad SINGAPORE, March 8 (NNN-Bernama) — The introductory visit of Chief of Royal Malaysian Navy (RMN) Admiral Abdul Rahman Ayob to Singapore underscores the warm and long-standing bilateral defence relationship between the two countries, said Singapore’s Ministry of Defence (Mindef). In its website, Mindef said Abdul Rahman was…

Bursa Malaysia opens lower on negative Wall Street cues

By Zufazlin Baharuddin KUALA LUMPUR, March 8 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened lower Wednesday, taking its cue from the negative Wall Street performance. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down by 4.87 points to 1,453.80 from yesterday’s closing of 1,458.67. The key…