Business

KUALA LUMPUR, Bursa Malaysia struggled to maintain a positive tone and slipped further in the afternoon session today as investors remained wary of major central bank decisions, key economic data, and earnings announcements from the United States (US) mega-cap companies. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.62 points or 0.78 per cent to 1,611.94 from yesterday’s close of 1,624.56. The FBM KLCI opened 0.22 of-a-point better at 1,624.78 and moved between 1,611.94 and 1,629.37 throughout the day. On the broader market, losers thumped gainers 723 to 306, with 589 counters unchanged, 867 untraded, and 89

IPOH, Kemasik Marketing Sdn Bhd aims to achieve RM500,000 in monthly sales for its newly launched cooking oil, ‘Sofea’. Its director, Amirul Haizi Othman said the Bumiputera company started selling the new bottled cooking oil this month, available in two and five-kilogramme sizes, in Perak, and will be marketed nationwide soon. He also said Kemasik produces 120 tonnes of cooking oil a month. ‘We have obtained halal certification and Food Safety is the Responsibility of the Industry (MeSTI) certification. We are running various promotions at farmers’ and morning markets in several districts in Perak to introduce the product to the

KUALA LUMPUR, The Malaysian government has seized the opportunity presented by the rise of artificial intelligence (AI), working hard to transform the country into a global AI powerhouse, said Deputy Digital Minister Datuk Wilson Ugak Kumbong. He said that the government is realising this goal by simultaneously focusing on three aspects, namely AI talent, AI infrastructure, and global leadership in the AI supply chain. In his keynote address at a summit themed ‘Transforming the Global Digital Economy with Generative AI’ today, he noted that Malaysia is in a great position to build nationwide AI talent, both by improving the quality

KUALA LUMPUR, Bursa Malaysia Bhd’s net profit for the second quarter ended June 30, 2024, increased 5.1 per cent to RM80.44 million compared with RM76.24 million in the same period last year, on improved liquidity and market sentiments. Revenue rose to RM199.94 million from RM144.59 million previously, it said in a filing to the exchange today. For the first half year ended June 30, 2024, (1H 2024), net profit rose to RM155.47 million from RM132.42 million while revenue improved to RM387.13 million from RM301.09 million previously. The increase in profit after tax, zakat and minority interest is attributed to a

KUALA LUMPUR, The government, via the Malaysian Communications and Multimedia Commission (MCMC), will ensure that the price of 5G under the second network remains at the existing rate, said Digital Minister Gobind Singh Deo. He said the price aspect was taken into account during the evaluation process. “MCMC is concerned about this issue and has taken steps to ensure that the price remains when the second network is established. The process is still ongoing,” he told the media after signing a cooperation agreement between Digital Nasional Bhd (DNB) and CyberSecurity Malaysia (CSM) to improve the country’s 5G network security here