Day: July 11, 2024

KUALA LUMPUR, Bursa Malaysia continued its uptrend on Thursday amidst bullish global risk appetite after the Wall Street hit another record high. At 9.24 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 6.90 points to 1,625.28 from Wednesday’s close of 1,618.38. The index opened 2.78 points higher at 1,621.16. On the broader market, gainers led decliners 412 to 191, with 371 counters unchanged, 1,457 untraded and seven suspended. Turnover totalled 562.16 million units worth RM279.35 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said it was another record-breaking day on Wall Street, which was boosted

SAN FRANCISCO, Midea Group, recognized as a leading global technology and innovation enterprise, has successfully completed its 1H 2024 Campus Recruitment Tour with the final event on July 6th at Stanford University. These recruitment activities also represent a significant step in the company’s ongoing pursuit of global expansion and the strategic localization of innovation. With a diverse portfolio encompassing smart home solutions, industrial technology, building technology, robotics and automation, and innovative businesses, Midea Group has reaffirmed its dedication to global markets through this comprehensive recruitment initiative. Every year, approximately 15-20% of Midea Group’s campus recruits have overseas study backgrounds, significantly

KUALA LUMPUR, JP Morgan has upgraded Malaysia’s rating from underweight to neutral after almost six years, crediting the country’s policy reforms, data centre investments and infrastructure build-up. In an interview with CNBC yesterday, JP Morgan head of Asia-Pacific (ex-Japan/China), Rajiv Batra said Malaysia’s rapid pace of progress was impressive with a 4.2 per cent gross domestic product growth in the first quarter of 2024. ‘What was more exciting for us was that all the signs were evident last year. Earnings growth almost tracking a 10-11 percent mark was an upside surprise. We need to give credit to the country, and

BUKIT MERTAJAM, A company selling snack crackers was found to be using an expired Malaysian halal logo following a raid by the Domestic Trade and Cost of Living Ministry (KPDN) on its premises here yesterday. Penang KPDN director S Jegan said the operation, conducted in collaboration with the Halal Management Division and the Penang Islamic Religious Affairs Department (JHEAIPP), targeted a two-storey shophouse used as a factory. ‘During the inspection, we found that an expired Malaysian halal logo was used on the packaging of their products. ‘Subsequently, RM6,748 worth of cracker products stamped with the expired halal logo were seized,”

KUALA LUMPUR, The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives traded firmer this morning. At 9.27 am, new spot month July 2024 and August 2024 climbed 9.0 points to 1,626.0 and 1,628.5, respectively, September 2024 rose 7.0 points to 1,611.5 and December 2024 increased by 8.0 points to 1,618.0. Turnover stood at 1,189 lots, with open interest amounting to 47,319 contracts. The FBM KLCI rose 6.64 points to 1,625.02 after 27 minutes of trade. Source: BERNAMA News Agency