<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 15): Malaysia's daily foreign exchange (forex) turnover fell to US$9.87 billion (about RM40.66 billion) yesterday (Monday, June 14) from RM10.1 billion on Friday (June 11), according to latest updates on Bank Negara Malaysia's (BNM) website.</p></div>

<div class=newsTextDataWrapInner><p>Prior to yesterday, the last time Malaysia's daily forex turnover fell below US$10 billion was on June 2, 2021, when the figure dropped to US$9.86 billion from US$10.82 billion a day earlier, according to BNM.</p></div>

<div class=newsTextDataWrapInner><p>On yesterday’s forex turnover drop, BNM, however, did not specify the reasons behind the decline which appeared to coincide with holidays in major markets across Mainland China, Hong Kong and Australia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>China markets were closed yesterday for the Dragon Boat Festival, while Australian markets were closed for a holiday in conjunction with the Queen's Birthday.</p></div>

<div class=newsTextDataWrapInner><p>BNM’s data on Malaysia’s daily forex turnover dates as far back as 2016 and turnover figures below US$10 billion has been occasional and rare since then.</p></div>

<div class=newsTextDataWrapInner><p>For 2021, the country’s daily forex turnover had dropped below US$10 billion nine times so far this year, according to BNM.</p></div>

<div class=newsTextDataWrapInner><p>The central bank’s data shows that Malaysia’s daily forex turnover fell below US$10 billion once in January, twice in February, thrice in April, once in May and twice in June.&nbsp;</p></div>


KUALA LUMPUR (June 15): Malaysia's daily foreign exchange (forex) turnover fell to US$9.87 billion (about RM40.66 billion) yesterday (Monday, June 14) from RM10.1 billion on Friday (June 11), according to latest updates on Bank Negara Malaysia's (BNM) website.

BNM: Malaysia's daily forex turnover dips below US$10b for first time since June 2

Luxury group Cartier-owner Richemont announced a rejig of its top management on Friday, promoting the head of its Van Cleef & Arpels jewellery brand to group chief executive, saying it was returning to a more traditional management set-up.

Luxury group Richemont makes Van Cleef jewellery boss new CEO

A summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI rises 0.34% to 1,616.62 on May 17, 2024

KUALA LUMPUR (May 17): The Malaysia External Trade Development Corporation (Matrade) has generated a total sales of RM250 million through an export acceleration mission (EAM) to Egypt and Libya.

Matrade secures RM250m in sales from trade mission to Egypt, Libya

An operator of a Musang King durian orchard and talapia fish pond pleaded not guilty in the Sessions Court here on Friday to a charge of unlawful occupation of government land.

Musang King orchard operator charged with unlawful occupation of govt land

The empirical study on the separation of the attorney general (AG) and public prosecutor’s (PP) powers is expected to be completed this year, says Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.

Azalina: Empirical study on separation of public prosecutor, AG’s powers to be completed this year

ASTANA, Kazakhstan (May 17): Kazakhstan has agreed to give opportunities to Malaysian companies to explore various fields in the Central Asian country, including mining and renewable energy.

Anwar: Kazakhstan agrees to let Malaysian companies explore opportunities in various fields

Forty caretaker senators on Friday petitioned Thailand's Constitutional Court to dismiss Prime Minister Srettha Thavisin over a cabinet appointment which they say breaches the constitution.

Forty Thai senators seek PM's dismissal over cabinet appointment

Global stocks eased on Friday after Federal Reserve officials hinted US interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector.

Stocks drift, China unveils 'historic' steps for property

Unilever plc will keep making Cornetto and Carte D’Or in Russia even after shedding its global ice cream unit.

Unilever to keep making Russian ice cream after split

GSK plc will sell its remaining stake in Haleon plc for £1.25 billion (US$1.6 billion or RM7.41 billion), completing the drugmaker’s separation from the consumer health company.

GSK to sell remaining US$1.6b stake in Sensodyne toothpaste maker Haleon

<p>Malaysia’s economic growth accelerated faster than expected in the first three months of 2024, thanks to higher household spending, stronger investment activities, improvement in labour market conditions, and higher exports and tourist arrivals.</p>


Malaysia's 1Q GDP beats consensus estimates, grows 4.2% y-o-y

<p>The male suspect who was shot dead in the attack at the Ulu Tiram Police Station here earlier on Friday is believed to be a member of Jemaah Islamiyah.</p>


Suspect in Ulu Tiram police station attack believed to be member of Jemaah Islamiyah, says IGP

<p>Two policemen were killed and another was injured in an attack on the Ulu Tiram Police Station early on Friday morning.</p>

<p>State police chief Commissioner M Kumar confirmed the incident, stating that it occurred at 2.45am and involved a masked intruder armed with pistols and a machete.</p>


Two policemen killed in attack at Ulu Tiram police station

<p>KUALA LUMPUR (May 17): Shares of S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years on Friday, as analysts continue to advise investors to buy the stock, even as its stock price has nearly doubled so far this year.</p>


S P Setia soars to near six-year high as analysts bet on extended rally

<p>BWYS Group Bhd has signed an agreement with M&amp;A Securities Sdn Bhd to underwrite the sheet metal products manufacturer and scaffoldings supplier's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.</p>


BWYS Group signs underwriting agreement with M&A Securities for ACE Market IPO

<p>Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in construction activities, particularly in railway projects, is expected to generate more contract opportunities for companies like Econpile Holdings Bhd (KL:ECONBHD).</p>


Econpile to ride on construction upcycle, says HLIB 

<p>Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in nearly three years after the biscuit maker reported that its net profit surged 45% year-on-year in the first quarter.</p>


Hup Seng shares climb to near three-year high after 1Q profit surge

<p>PPB Group Bhd (KL:PPB) is planning to invest RM327 million in its film exhibition and distribution segment, which houses Golden Screen Cinemas, over the next five years.</p>


PPB Group to invest RM327 mil in film segment over next five years

<p>Global stocks eased on Friday after Federal Reserve officials hinted US interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector.</p>


<p>KUALA LUMPUR (May 17): Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months, as analysts flagged stronger quarters ahead following the semiconductor company’s return to the black.</p>


Malaysian Pacific Industries climbs to 15-month high on return to profit

<p>KUALA LUMPUR (May 17): Shares of Hong Leong Industries Bhd (KL:HLIND), or HLI, climbed to near their record high on Friday, after the motorcycle assembler reported a 51% year-on-year jump in net profit for the three months ended March 31, 2024.</p>


Hong Leong Industries’ shares retest all-time high after profit jump

<p>KUALA LUMPUR (May 17): Sarawak Cable Bhd (KL:SCABLE) said that the memorandum of agreement (MOA) between the company and Serendib Capital Ltd (Serendib) had been validly terminated.</p>


Sarawak Cable says has found alternative white knight to Serendib

<p>theedgemalaysia.com highlighted three stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Friday. &nbsp;</p>


Datasonic, Fiamma, Wong Engineering, Oppstar, Southern Acid, DKSH, BIG Industries, SKP, Infraharta, Beshom, KYM

<p>The International Monetary Fund (IMF) criticised the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk hurting global trade and growth.</p>


IMF knocks Biden’s China tariffs as risk to US, world growth

<p>Rakuten Trade said Poh Kong Holdings Bhd (KL:POHKONG) is back on the radar after it pushed out from the pennant pattern with a long white candle on Thursday.</p>


Poh Kong back on the radar, says Rakuten Trade 

<p>The Ministry of Transport (MOT) fully supports Khazanah Nasional Bhd and the Employee Provident Fund’s (EPF) move to privatise Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, as it will enable the implementation of strategic decisions more expediently, according to its minister Anthony Loke Siew Fook.</p>


MOT supports MAHB privatisation, to enable expedient strategic decisions — Loke

<p>(May 17):&nbsp;Suriname’s discovered oil resources now total more than 2.4 billion barrels of crude and liquids, and the nation has more than 12.5 trillion cubic feet of gas, according to Wood Mackenzie.</p>


Petronas-discovered Suriname oil resources seen totalling 2.4 billion barrels

<p>Wireless carrier Maxis Bhd (KL:MAXIS) said on Friday its net profit rose 10% year-on-year (y-o-y) in the first quarter, thanks to higher service revenue and cost control.</p>


Maxis posts 10% rise in 1Q net profit on higher service revenue, declares four sen dividend

<p>Selangor opposition leader Datuk Seri Mohamed Azmin Ali said on Friday that there was no denial from Agriculture and Food Security Minister Datuk Seri Mohamad Sabu (Mat Sabu) or businessman Deepak Jaikishan regarding their trip to India, or Deepak’s involvement in procuring a direct negotiation contract with the government for his brother’s company, namely J&amp;E Advance Tech Sdn Bhd, to import eggs into Malaysia.</p>


Azmin: Mat Sabu and Deepak did not deny my comments on their trip to India

<p>Prime Minister Datuk Seri Anwar Ibrahim stressed that claims that 25% of the remaining shares in Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) would be owned by a pro-Zionist company are baseless.</p>
