Chery’s LEPAS L6 EV Completes 700km Drive With Global Ambassadors

KUALA LUMPUR, Nov 10 (Bernama) -- Chery Auto’s premium new energy vehicle (NEV) brand LEPAS took 34 ambassadors from 15 countries, including journalists from motoring media outlets, on a drive of nearly 700 kilometres (km) in its LEPAS L6 EV from Shanghai to Wuhu.

BSN Appoints Mujibburrahman Abd Rashid As Chief Executive

KUALA LUMPUR, Nov 10 (Bernama) -- Bank Simpanan Nasional (BSN) has appointed Mujibburrahman Abd Rashid as its chief executive, effective today, after serving as acting chief executive.

Malaysia Among Three Asian Markets With Net Foreign Inflows, Attracts US$381.3 Mln

KUALA LUMPUR, Nov 10 (Bernama) -- Foreign institutions extended their net buying streak to two consecutive weeks on Bursa Malaysia, recording net inflows of US$381.3 million (US$1=RM4.05), according to MBSB Investment Bank Bhd (MBSB IB).

KLCI Futures Lower In Early Trade

KUALA LUMPUR, Nov 10 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives were lower in early trading today.

Bursa Malaysia's Key Index Opens Lower Despite Positive Sentiment On Wall Street

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia’s key index opened lower on Tuesday after a long weekend break for the Deepavali holiday despite positive sentiment on Wall Street overnight.

Ringgit Opens Marginally Higher Against Greenback Amid Cautious Market Sentiment

KUALA LUMPUR, Nov 10 (Bernama) -- The ringgit opened marginally higher against the US dollar on Tuesday amid cautious market sentiment as investors continued to assess global economic developments and the outlook for US interest rates.

Softbank, Grab Announce US$1.85 Bln Initial Seed Capital For Malaysia's AI Infrastructure

By Anas Abu Hassan

SINGAPORE, Nov 9 (Bernama) -- SoftBank Group Corp and Grab Holdings Ltd on Monday announced the signing of joint development agreements in connection with plans for US$1.85 billion (US$1=RM4.06) initial combined seed capital to develop artificial intelligence (AI) infrastructure in Malaysia with Petroleum Sarawak Bhd (Petros).

Softbank-led Consortium’s AI Investment Reflects Global Confidence In Malaysia -- PM Anwar

KUALA LUMPUR, Nov 9 (Bernama) -- The SoftBank-led consortium’s investment in an artificial intelligence (AI) platform in Malaysia reflects global confidence in the country’s potential to develop and use AI, says Prime Minister Datuk Seri Anwar Ibrahim.

Bank of Thailand Urges Financial Institutions To Step Up Cybersecurity

By Teng Khoon Hock

BANGKOK, Nov 9 (Bernama) -- The Bank of Thailand (BOT) has urged financial institutions to strengthen their cybersecurity measures and remain vigilant against potential cyberattacks following incidents involving financial institutions in other countries.

Under JS-SEZ, Nexus Sedenak Strengthens Kulai's Role As Economic Hub - Teo

KULAI, Nov 9 (Bernama) -- The high-impact Nexus Sedenak project will become a primary growth catalyst for the southern region’s economy as one of the new industrial and logistics hubs under the Johor-Singapore Special Economic Zone (JS-SEZ).

Lower Inflation Does Not Mean Lower Cost Of Living, CPI Only Tells Part Of Story

KUALA LUMPUR, Nov 9 (Bernama) -- While Malaysia’s inflation rate has moderated, the easing trend does not necessarily translate into a lower cost of living for households, highlighting the difference between changes in consumer prices and the actual affordability of everyday necessities.

Scicom Eyes International Expansion With Self-funding GovTech Border Infrastructure Model

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Nov 9 (Bernama) -- Scicom (MSC) Bhd is accelerating its international government technology (GovTech) expansion, leveraging a public-private financing model designed to help sovereign governments modernise border security without heavy upfront capital expenditure.