logo
MyEG rebrands as Zetrix AI effective July 3 in Malaysia

MyEG rebrands as Zetrix AI effective July 3 in Malaysia

The Sun2 days ago
KUALA LUMPUR: MyEG Services Bhd, a key player in Malaysia's e-government services, will officially rebrand as Zetrix AI Bhd starting 9 am on July 3.
The company confirmed the change in a Bursa Malaysia filing, noting that its stock short name will switch from MYEG to ZETRIX.
'The stock number remains unchanged,' the filing stated.
MyEG has long been a concessionaire for the Malaysia Electronic-Government MSC Flagship Application, providing digital channels for government services to citizens and businesses.
The rebranding to Zetrix AI signals a potential shift in focus, though the company has yet to disclose further details on its future direction.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BMI maintains average annual CPO futures price at RM4,150 per tonne this year
BMI maintains average annual CPO futures price at RM4,150 per tonne this year

New Straits Times

time3 hours ago

  • New Straits Times

BMI maintains average annual CPO futures price at RM4,150 per tonne this year

KUALA LUMPUR: BMI, a Fitch Solutions unit, has maintained its view that the average annual price forecast for Bursa Malaysia-listed crude palm oil (CPO) futures contracts will trade at RM4,150 a tonne in 2025. In a note today, BMI said that as of the market's closure on June 27, front-month CPO contracts settled at RM3,986 per tonne, bringing the year-to-date average to RM4,360 per tonne. "Accordingly, we expect palm oil prices to trade between RM3,800 per tonne and RM4,000 per tonne for the remainder of 2025," it said. BMI said palm oil prices came under significant pressure throughout the second quarter (2Q), declining by 17.7 per cent in the quarter-to-date, driven by weaker global crude prices, improved Malaysian output and subdued demand. However, it said the market found some "support" in June following a brief rally, sparked by both geopolitical and policy developments. "Prices rose by around six per cent between June 12 and June 16, initially as global crude oil prices surged in the wake of the Israel-Iran conflict. "This rally was further reinforced by the United States Environmental Protection Agency's (EPA) announcement of sharply higher proposed biofuel blending targets for 2026 and 2027, with the 2026 target representing a 67.5 per cent year-on-year (y-o-y) increase," it said. While these proposals primarily buoyed soya oil, the resulting strength in the broader edible oils complex also benefited palm oil prices, it added. Meanwhile, BMI expects Malaysian palm oil output to reach 19.5 million tonnes in the 2025/2026 season, representing a y-o-y increase of 0.5 per cent. "In our 1Q 2025 price forecast update, we highlighted that ongoing production challenges in Malaysia were providing support to palm oil prices, as data from the Malaysian Palm Oil Board indicated a 5.9 per cent y-o-y reduction in crude palm oil output during 1Q 2025. "However, we also anticipated that Malaysian crude palm oil production would recover over the coming months," it said, adding this expectation has been validated as of the latest available monthly data (May), with cumulative output in April and May 2025 totalling 3.5 million tonnes, a y-o-y increase of 7.8 per cent. BMI said this recovery has helped alleviate some of the recent tightness in the global market, exerting downward pressure on prices.

US responds positively to Malaysia's tariff approach, says minister
US responds positively to Malaysia's tariff approach, says minister

The Sun

time3 hours ago

  • The Sun

US responds positively to Malaysia's tariff approach, says minister

KUALA LUMPUR: The United States (US) has responded positively to Malaysia's approach and engagements on tariff issues and proposals, said Finance Minister II Datuk Seri Amir Hamzah Azizan. He said Malaysia's proactive engagement and approach with the US is to understand the issues involved and to work together to navigate a path to find a win-win situation. The US responded positively to Malaysia's approach. Trade teams from both sides discussed how to navigate forward, he said. 'The two teams held (productive) discussions and negotiations; progress is being made along those lines,' he said during a fireside chat at the Invest ASEAN-Malaysia Conference 2025 moderated by Bursa Malaysia chief executive officer Datuk Fad'l Mohamed today. According to Amir Hamzah, Malaysia has always been non-retaliatory. It wants to work with the US to seek ways to improve trade for both sides. He noted that the trade deficit between Malaysia and the US comprised key components such as the electronics and semiconductor industries. He said many US-based multinationals are exporting to the US, and Malaysia was pleased when the US suspended tariffs for the semiconductor sector. It recognised that this was a critical asset that they wanted to protect. 'But for Malaysia, it was important because it shows there is a lot of cross dependency between Malaysia and the US,' he said. The minister also noted that Malaysia highlighted to the US in the negotiations that global supply chains are integrally linked and are difficult to decouple without significant consequences.

FBM KLCI edges up on cautious optimism despite external uncertainties
FBM KLCI edges up on cautious optimism despite external uncertainties

The Star

time4 hours ago

  • The Star

FBM KLCI edges up on cautious optimism despite external uncertainties

KUALA LUMPUR: Bursa Malaysia ended the morning session on a firmer note, as improved sentiment and selective buying supported the broader market despite lingering external uncertainties. At 12.30 pm, the FBM KLCI rose 6.81 points, or 0.44%, to 1,548.34, just shy of its intraday morning high of 1,549.78. There were 397 gainers, 430 decliners, while 469 stocks remained unchanged. The traded volume stood at 2.1 billion shares worth RM1.2bil. TA Securities noted that local market sentiment is likely to turn cautious, as investors await further clarity on ongoing trade negotiations. It added that a looming deadline next week could see the Trump administration reimpose sweeping tariffs. 'Immediate index support remains at 1,490, with stronger supports found at 1,465, followed by 1,444. 'Immediate resistance stays at 1,564 with next upside hurdles seen at the recent high of 1,586, followed by 1,610 ahead,' TA said. Malacca Securities maintains a positive stance on data centre (DC) and renewable energy (RE) related stocks, given the recent agreement signed by Gamuda with a renewable energy developer. 'Also, with Tenaga Nasional's capex extending into 2H25, we believe this will benefit power infrastructure specialists as well as cable manufacturers. 'On the construction front, we expect the sector to trade on a firmer footing, on the back of higher project billings and anticipation of the final alignment announcement for the ART system in Johor, with an estimated value of RM6bil to RM7bil,' it said. Malaysian Pacific Industries rose 28 sen to RM21.68, PETRONAS Dagangan added 20 sen to RM21.46, Panasonic Manufacturing gained 16 sen to RM11.80 and MISC climbed 15 sen to RM7.70. Meanwhile, consumer stocks were among the top losers on Bursa Malaysia. Dutch Lady dropped 50 sen to RM29.24, F&N fell 28 sen to RM28.80, Ajinomoto eased 10 sen to RM12.80, and Amway declined eight sen to RM5.02. ACE Market debutant, ASM Automation, fell 0.5 sen to 16.5 sen with 45.15 million shares traded.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store