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New Straits Times
12 hours ago
- Business
- New Straits Times
MARKET PULSE PM JUNE 26, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia ended higher, lifted by improved market sentiment driven by growing optimism over political developments in the United States. The benchmark index rose 0.55pct to close at 1,528. The ringgit also strengthened against the US dollar, ending the day at 4.2200. In the cryptocurrency market, Bitcoin is trading at RM455,103, while Ethereum slipped to RM10,469. Analysts noted that Bitcoin is trading around US$108,000 this morning, buoyed by renewed optimism and outperforming the broader US equities market. That wraps up today's Market Pulse.
New Straits Times
16-06-2025
- Business
- New Straits Times
MARKET PULSE PM JUNE 16, 2025 [WATCH]
Bursa Malaysia's 30-stock index closed marginally higher, driven by gains in technology and utilities counters, particularly those with strong domestic exposure. The rebound was supported by renewed optimism in the data centre segment and a sectoral rotation into defensive plays, as investors positioned cautiously amid heightened geopolitical tensions. Meanwhile, the ringgit strengthened against the US dollar at 4.2400. In the cryptocurrency market, Bitcoin climbed to RM455,602. Ethereum and Solana also trended upward, reaching RM11,158 and RM666, respectively. That wraps up today's Market Pulse. Keywords: Bitcoin Stocks Trading Cryptocurrency Crypto Bursa Malaysia Ethereum Fbm Klci Solana Market Pulse
Free Malaysia Today
05-05-2025
- Business
- Free Malaysia Today
Google unit awards data centre contract to Gamuda
Google said it was investing US$2 billion in Malaysia to develop data centres and a cloud facility in the Southeast Asian country. (Reuters pic) KUALA LUMPUR : Malaysian infrastructure firm Gamuda Bhd won a data centre contract worth over RM1 billion (US$237 million) from Google's Malaysian affiliate, according to company filings. Gamuda said it will also sell 389 acres of land in Negeri Sembilan to Pearl Computing Malaysia Sdn Bhd for about RM455 million, on which the latter will build data centres. Pearl Computing is wholly owned by Raiden APAC Pte Ltd, which is in turn owned by Google, according to company filings. The data centre project will include the construction of a water treatment plant with a capacity of 65 million litres and an off-river storage system. Google previously said it was investing US$2 billion in Malaysia to develop data centres and a cloud facility in the Southeast Asian country. Last year, Pearl Computing signed a RM5.6 billion build-and-lease deal for data centres in Malaysia with a unit of Kuala Lumpur-listed Sime Darby Property Bhd.
