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Bursa Malaysia inks collaboration with UMW, Maybank to roll out centralised sustainability platform

Bursa Malaysia inks collaboration with UMW, Maybank to roll out centralised sustainability platform

Bursa Malaysia Bhd, UMW Corp Sdn Bhd, and Malayan Banking Bhd (Maybank) have agreed to work together. Under a memorandum of understanding to develop...
KUALA LUMPUR: Following the Ministry of International Trade and Industry’s (Miti) approval of Tesla’s application to import battery electric vehicles (BEVs) into Malaysia. The Stocks linked to electric vehicles (EVs) experienced a buying surge. KESM Industries Bhd increased by 26 sen to RM8.40 in early trade on Thursday. Pentamaster Corporation Bhd increased by 4.0 sen to RM4.94 and Genetec Technology Bhd increased by 2.0 sen to RM2.83. Hong Seng Consolidated Bhd increased by half a sen to 13.5 sen. At RM5.10, Greatech Technology Berhad was unchanged. Tesla will open a head office and launch its “experience centers.” Along with the service centers, and “Supercharger” network in Malaysia, Miti said in a statement. According to the statement from Minister Tengku Datuk Seri Zafrul Aziz. Malaysia will strategically take advantage of its developed electrical and electronics ecosystem. To position the nation as the top investment location for technology related to electric transportation. Miti made it easier for Tesla to enter the market by launching the BEV Global Leaders initiative. Which aims to increase demand in the local market and advance the growth of the complete ecosystem to support EV adoption. The initiative also wants investments from top BEV manufacturing firms around the world. Tesla is the first applicant for this Miti program, according to a statement released by the ministry.

EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia

KUALA LUMPUR: Following the Ministry of International Trade and Industry’s (Miti) approval of Tesla’s application to import battery electric vehicles (BEVs) into Malaysia. The...
Asian FX, stocks rise as strong U.S. GDP data aids risk sentiment

Asian FX, stocks rise as strong U.S. GDP data aids risk sentiments

The Philippine Peso and the Malaysian Ringgit led advances among Asian currencies on Friday. As overnight data revealed the U.S. economy’s resiliency, increasing investor...
Bursa Malaysia announces 21 additions to F4GBM index constituents

Bursa Malaysia announces 21 additions to F4GBM index constituents

KUALA LUMPUR: The FTSE4Good Bursa Malaysia (F4GBM) Index and the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index now has 98 constituents overall. After 21 fresh...
Asia stocks edge up despite global growth worries.

Asia stocks edge up despite global growth worries.

Hong Kong and China stocks helped up Asian shares despite mounting concerns about an impending economic slowdown and the speed at which the Federal...
KLCI falls as investors take profit

KLCI falls as investors take profit, ringgit at 4.4760

On Friday, the Ringgit increased its advances and reached a three-month high. At 5 pm, the local currency was trading at 4.4760, up 0.43%...
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