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.
VentureTECH Sdn Bhd and MTC Orec Sdn Bhd have announced a strategic partnership aimed at accelerating the development of biomethane plants across Malaysia, a move that aligns with the nation’s renewable energy and sustainability goals. In a joint statement, the companies disclosed that VentureTECH’s investment will fund the establishment of biomethane facilities in Peninsular Malaysia’s northern and east coast regions . The collaboration will also include a project with a leading oil and gas player, slated to launch next year. This partnership is expected to advance Malaysia’s renewable energy aspirations, reduce carbon emissions, and foster sustainable growth while creating significant socio-economic opportunities. Driving Renewable Energy Innovation Ahmad Redzuan Sidek , CEO of VentureTECH, emphasized the company’s commitment to environmentally and economically sustainable investments: “MTC Orec’s expertise in bioenergy and its alignment with Malaysia’s renewable energy goals ma...