KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
SNS Network Technology Bhd has signed a three-year memorandum of understanding (MoU) with Mimos Bhd to enhance software testing capabilities and foster innovation in artificial intelligence (AI), according to a filing on Friday. Key Objectives of the Partnership Independent Verification and Validation (IV&V): The collaboration aims to improve software testing processes through IV&V services. AI Use Cases: Joint efforts will focus on developing advanced AI algorithms and practical AI solutions for an AI factory. Strategic Goals The partnership leverages Mimos' AI research and development expertise and SNS Network's robust infrastructure to deliver scalable and effective AI solutions for businesses. The collaboration is expected to address specific enterprise challenges and seize emerging opportunities. “With the 8% and 16% CAGR forecast for the global IV&V and test outsourcing markets , demand for these services is growing rapidly in the context of emerging technol...