Ringgit Strength, IMF GDP Forecast Signal Global Confidence In Malaysia’s Economy — Muhammad Kamil

KUALA LUMPUR, May 2 (Bernama) -- The continued strengthening of the ringgit and the improved economic projections by the International Monetary Fund (IMF) indicate the fundamental strength of the country's economy and investor confidence in the direction of the Malaysia MADANI administration.

Ringgit Seen To Trade Within RM3.96–RM3.98 Against US Dollar Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, May 2 (Bernama) -- The ringgit is expected to trade within a narrow range next week, hovering between RM3.96 and RM3.98 against the US dollar ahead of key United States data.

Grab Granted Cross-border Ride-hail Service Operator Licence

KUALA LUMPUR, April 30 (Bernama) -- Southeast Asia’s top ride-hailing and delivery firm Grab has been granted the first Cross-Border Ride-Hail Service Operator Licence (CRSOL), which allows operators to provide cross-border services through their ride-hail platforms.

Late Buying Lifts Bursa Malaysia As Oil Prices Support Energy Counters

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 30 (Bernama) -- Last-minute buying lifted Bursa Malaysia’s benchmark index, reversing earlier losses as higher oil prices boosted sentiment for energy- and chemical-related counters.

Nasi Impit Retort Adyanana Eyes Brunei, Indonesian Markets

By Kamarul Halim M Kamal

BATU PAHAT, April 30 (Bernama) -- Nasi impit (compressed rice cake) producer Nasi Impit Retort Adyanana, which has managed to penetrate the Singapore market in the last two years, now aims to spread its wing to Brunei and Indonesia by seeking business partners in these countries.

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, April 30 (Bernama) -- Bursa Malaysia ended lower at the midday break as investors locked in profits after recent gains across the market, with selling seen in selected utilities, financial services, and technology counters.

Ringgit Opens Lower Vs US Dollar, Mixed Against Peers

KUALA LUMPUR, April 30 (Bernama) --  The ringgit opened lower against the US dollar and was mixed against other currencies, as support from firmer oil prices was offset by broad dollar strength and cautious positioning following the US Federal Reserve (Fed)’s rate decision.

Abaxx Launches First Gold Spot Trade

KUALA LUMPUR, April 29 (Bernama) -- Abaxx Technologies Inc (Abaxx) has announced the execution of the first trades on its Abaxx Spot Gold Pool, marking the operational debut of its physical gold marketplace.

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, April 29 (Bernama) -- Bursa Malaysia ended the morning session lower, tracking regional peers as investor sentiment was dented following reports of the United Arab Emirates’ (UAE) move to exit the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).

Energy Transition Accelerates As Trillions In Investments Fuel Global Shift

KUALA LUMPUR, April 29 (Bernama) -- Energy transition efforts worldwide continue to gain momentum, despite an increasingly complex geopolitical landscape, with investment estimated to have reached US$3.3 trillion (US$1 = RM3.95) last year.

Ringgit Opens Higher Against US Dollar, Mixed Versus Peers

KUALA LUMPUR, April 29 (Bernama) -- The ringgit strengthened against the US dollar but was mixed against other currencies in early trade today, amid cautious sentiment over oil price volatility and developments in the Strait of Hormuz, an analyst said.

Withholding Tax Withdrawal Has Minimal Impact On KLCCP Stapled Group

KUALA LUMPUR, April 28 (Bernama) -- The withdrawal of the 10 per cent withholding tax by the Malaysian government has minimal impact towards KLCCP Stapled Group due to its shareholder mix.