Day: July 17, 2024

KUALA LUMPUR, Bursa Malaysia sustained its upward momentum, closing higher in the morning session alongside gains in most regional markets, as traders anticipated the nearing conclusion of the US Federal Reserve’s tightening cycle. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 10.66 points or 0.66 per cent to 1,636.62 from Tuesday’s close of 1,625.96. The index began the session 4.02 points higher at 1,629.98 and fluctuated between 1,629.89 and 1,638.03 throughout the morning. Gainers trounced losers 691 to 380, with 486 counters unchanged, 891 untraded, and six others suspended. Total turnover amounted to 2.93 billion units valued

KUALA LUMPUR, His Majesty Sultan Ibrahim, King of Malaysia, today attended the 266th Meeting of the Conference of Rulers at Istana Negara. The meeting, presided over by Yang di-Pertuan Besar of Negeri Sembilan Tuanku Muhriz Tuanku Munawir, began its two-day session today. Also present were Sultan of Perak Sultan Nazrin Shah and Sultan of Kedah Al-Aminul Karim Sultan Sallehuddin Sultan Badlishah. Regent of Perlis Tuanku Syed Faizuddin Putra Jamalullail, Crown Prince of Pahang Tengku Hassanal Ibrahim Alam Shah Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah and Tengku Laksamana of Selangor Tengku Sulaiman Shah were also in attendance. Crown Prince of Kelantan

NEW YORK, Ralph Lauren Corporation (NYSE: RL) (together with its affiliates, ‘Ralph Lauren’) notes recent media reports in Indonesia relating to disputes between PT Manggala Putra Perkasa (operating using the confusing ‘Polo Ralph Lauren Indonesia’ name in Indonesia) and other parties in Indonesia. We would like to clarify that this company is not affiliated with or related to Ralph Lauren in any way and that these disputes do not involve Ralph Lauren. Source: BERNAMA News Agency

KUALA LUMPUR, The government will examine aid and methods of transitioning traditional durian cultivation to high-value durians, which can be a new economic boom for the country. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said this matter will be detailed more deeply as it is a source of business, especially when ‘raw’ durians can now be exported to China. ‘We need to look at the problem of increasing (farmers’) income…we will discuss it from the point of view of grants or easy loans and so on. We need to sit down (discuss) properly… Durians are not the same

KUALA LUMPUR, Prime Minister Datuk Seri Anwar Ibrahim today said that he will set a meeting with the family of the late Teoh Beng Hock next week. ‘I will meet with Teoh Beng Hock’s family next week, as this week we have the Conference of Rulers and the King’s Installation Ceremony,’ he said briefly after launching the National Bioeconomy Showcase 2024 here today. He said this when asked about his social media post on his pledge to meet with Teoh’s family and to review the memorandum that they had wanted to submit to him in Parliament last Monday. Teoh was