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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...
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%...
Bursa Malaysia snaps losing streak, ringgit weakens to 4.5028

Bursa Malaysia snaps losing streak, ringgit weakens to 4.5028

KUALA LUMPUR: Bursa Malaysia finished higher on Wednesday in the absence of market-moving factors. While the ringgit weakened to a 24-year low against the...
Asian stock markets mixed ahead of latest US jobs reading

Asian stock markets mixed ahead of latest US jobs reading

Asian stock markets were mixed ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging...
Standard Chartered Malaysia Launches SmartStocks

Standard Chartered Malaysia Launches SmartStocks

KUALA LUMPUR: Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform. Bringing clients the convenience of trading on 12 exchanges across...
Russian stock market, crushed by war, will partially reopen

Russian stock market, crushed by war, will partially reopen

NEW YORK USA: Russia plans to reopen its stock market for limited trading. Nearly one month after shares plunged and the exchange was shut...
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