KUALA LUMPUR (June 2): Total air passenger traffic in April 2023 rose 45.8% compared to April 2022, with the current global traffic standing at 90.5% of pre-Covid-19 levels, said the International Air Transport Association (IATA).

IATA: Air passenger traffic up 45.8% in April 2023, domestic traffic fully recovered

Banks and telecommunications counters pressured Bursa Malaysia to end the morning session lower.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 4.95 points to 1,378.06 from 1,383.01 at Thursday’s close.

Banks, telcos pressure Bursa lower

theedgemalaysia.com highlighted two stocks with negative momentum and three stocks with positive momentum at Bursa Malaysia’s afternoon break on Friday (June 2).

Acme, SCIB, UCrest, SSBB, YTL Corp

KUALA LUMPUR (June 2): A memorandum of understanding (MOU) with Malaysia for recruiting Indian workers will be finalised soon, India's Minister of State for External Affairs V Muraleedharan said in Kuala Lumpur on Thursday (June 1) evening.

MOU with Malaysia for recruitment of Indian workers being discussed, says India minister

Malaysia's manufacturing purchasing managers index (PMI) is expected to remain consistent with the trend of the global PMI, given the multifaceted and volatile nature of the manufacturing industry, said PublicInvest Research.

In an Economic Update note, it noted that its apprehension is founded on a confluence of factors that predispose the industry to significant downside risks.

Malaysia's manufacturing PMI likely to remain consistent with global trend — PublicInvest Research

Analysts have maintained their "overweight" recommendations on Malaysian banks as they believe the sector remains undervalued after this year’s sell-off, despite recent headwinds in asset quality as well as loan and deposit growth.

Analysts keep 'overweight' on banks despite weakening sector indicators

Southern Score Builders Bhd (SSBB) has inked a memorandum of understanding (MOU) for a partnership to develop robotic construction technologies in Malaysia.

In a local bourse filing on Friday (June 2), SSBB said it signed the MOU with MCC Overseas (M) Sdn Bhd (MCC) and Guangdong Bright Dream Robotics Co Ltd (GBDR).

Southern Score Builders inks MOU to develop robotic construction technologies

LONDON (June 2): The United Kingdom (UK)’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), expected in a few months, will set the stage for a new phase in Malaysia and United Kingdom bilateral relations, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

Fadilah: CPTPP a new phase in Malaysia-UK bilateral relations

Malaysia will remain a free market and allow mobile-phone carriers to decide whether to work with Chinese equipment makers including Huawei Technologies Co during the rollout of the second 5G network, said Communications and Digital Minister Fahmi Fadzil.

Malaysia stays open to Chinese firms in 5G network rollout, says Fahmi

KUALA LUMPUR (June 2): CGS-CIMB Securities has lifted the construction and materials sector to “overweight”, from “neutral”, on the back of  better visibility of contract flow and political stability post the 15th general election, as well as growing numbers of overseas projects, followed by improved balance sheets across larger contractors.

CGS-CIMB lifts the construction and materials sector to ‘overweight’ from ‘neutral’

United Plantations Bhd announced the appointment of Tunku Alizakri Raja Mohd Alias as the group’s new non-independent, non-executive director, effective June 1, 2023.

United Plantations appoints former EPF chief as non-independent, non-executive director

KUALA LUMPUR (June 2): The International Monetary Fund (IMF) has projected Malaysia’s economic growth to moderate to 4.5% in 2023, reflecting largely the global external headwinds.

Malaysia’s economic growth to moderate to 4.5% in 2023, says IMF

KUALA LUMPUR (June 2): The Securities Commission Malaysia (SC) has updated its Investor Alert List.

In an alert on Friday (June 2), the commission said the following person/entity was added to the list:


	Potential clone entity — iWahed


The Investor Ale...

SC adds one potential clone to Investor Alert List

KUALA LUMPUR (June 2): The ringgit traded higher against the US dollar in the early session on Friday (June 2), as investors await the release of the United States (US) nonfarm payrolls data later in the day, said a dealer.

Malaysia

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