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Affin Bank Upbeat On Malaysian Economy Amidst Low Global Recession Possibility

GEORGE TOWN, Sept 24 (Bernama) -- Affin Bank Bhd expects Malaysia’s gross domestic product (GDP) growth to remain healthy at five per cent this year and 5.2 per cent next year amidst the low possibility of a global recession.

CPO Futures Higher On Greater Export Outlook, Slowing Sept Production

By Zufazlin Baharuddin

KUALA LUMPUR, Sept 23 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued its upward trend to end higher for the fourth consecutive trading day on anticipation of greater export outlook amidst slowing production in September.

Penang Port Set To Exceed 1.5 Mln TEUs By Year-end, Says CEO

BUTTERWORTH, Sept 23 (Bernama) -- Penang Port Sdn Bhd is expected to exceed a container handling capacity of 1.5 million twenty-foot equivalent units (TEUs) by the end of this year, said its chief executive officer Datuk Sasedharan Vasudevan.

LYB Starts Constructions Of Advanced Recycling Plant In Germany

KUALA LUMPUR, Sept 23 (Bernama) -- LyondellBasell (LYB) advanced its journey toward sustainable growth and value creation by laying the foundation of its first, catalytic advanced recycling plant at its Wesseling, Germany site.

Govt Needs To Address Gaps In National Grids To Foster Renewable Energy Production

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 23 (Bernama) -- The Malaysian government should allocate more resources to improve the national grid and substations, said Singapore's Asiarecs Pte Ltd.

Ringgit Set To Continue Bullish Bias Vs US Dollar Next Week

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Sept 21 (Bernama) -- The ringgit is anticipated to move on a continued bullish bias next week, trading at 4.1875 to 4.2025 against the US dollar, said an analyst. 

Northport Achieves New Breakbulk Record With 52,480 FWTs of Steel Cargo

KUALA LUMPUR, Sept 20 (Bernama) -- Northport (Malaysia) Bhd, a member of the MMC Group, has set a new record for breakbulk cargo handling from a single vessel, surpassing its previous milestone set in March this year.

Taobao's Beta English Interface Major Commitment To e-Commerce Market In Malaysia

By Puti Iylia Maisarah

KUALA LUMPUR, Sept 20 (Bernama) -- Taobao has made a major commitment to the Malaysian e-commerce market by launching a beta English interface aimed at improving accessibility and convenience for consumers, focused on localising its features.

US Rate Cut, Malaysia's Structural Reforms And Economic Outlook Fuelling Ringgit Recovery -- BNM

By Vijian Paramasivam

KUALA LUMPUR, Sept 20 (Bernama) - - The US Federal Reserve’s (Fed) recent decision to slash interest rates has a significant impact on Malaysia’s ringgit, especially in light of shifting currency dynamics across the region.

News In Brief: Sept 19, 2024

News In Brief: Sept 19, 2024

Sulaiman Mahbob: Steering MIDA Through Economic Crossroads

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 20 (Bernama) -- As Tan Sri Sulaiman Mahbob concludes his tenure as chairman of the Malaysia Investment Development Authority (MIDA) on Sept 2, 2024, his leadership has left an indelible mark on Malaysia’s investment landscape.