Ringgit Extends Losses As US Dollar Strengthens

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 6 (Bernama) -- The ringgit extended Friday’s losses against the US dollar, closing lower today following a 0.70 per cent rise in the US Dollar Index (DXY) to 98.406 points.

CelcomDigi To Contest Breach Of Contract Claim Filed By IMMA

KUALA LUMPUR, Oct 6 (Bernama) -- CelcomDigi Bhd’s wholly-owned subsidiary, CelcomDigi Mobile Sdn Bhd, plans to defend claims filed by IMMA Technology Sdn Bhd over an alleged breach of a services agreement signed in March 2022.

Govt Wants More People To Benefit From Economic Growth, Financial Literacy, Not Just The Elite - PM Anwar

KUALA LUMPUR, Oct 3 (Bernama) --  Prime Minister Datuk Seri Anwar Ibrahim has emphasised that the government wants more Malaysians to benefit from economic growth and financial literacy, not just a small segment of society, particularly the elite.

CPO Futures End Higher On Expectation Of Slower Production

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 1 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, reversing previous sessions of losses as the market expects production to grow at a slower pace in the coming weeks, said palm oil trader David Ng.

DGB Asia Proposes RM197 Mln Capital Reduction

KUALA LUMPUR, Sept 29 (Bernama) -- DGB Asia Bhd, a software and engineering solutions company, proposes to undertake a capital reduction exercise via the cancellation of its issued share capital, which is lost and unrepresented by available assets of RM197 million.

CPO Futures End Lower, Track Soybean Oil Weakness

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Sept 29 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday, tracking weakness in soybean oil prices.

AM Best Assigns Excellent Ratings To Samsung P/C China

KUALA LUMPUR, Sept 29 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) to Samsung Property & Casualty Insurance Company (China) Ltd (Samsung P/C China). The outlook for both credit ratings (ratings) is stable.

Rubber Market Ends Lower On Mixed Regional Futures

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Sept 29 (Bernama) -- The Malaysian rubber market closed lower on Monday, weighed by a mixed trend in regional rubber futures, a dealer said.

Toshiba Unveils High-Efficiency 100V Power MOSFET For Data Centres

KUALA LUMPUR, Sept 25 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched “TPH2R70AR5”, a 100-volt (V) N-channel power MOSFET fabricated with U-MOS11-H, Toshiba’s latest-generation process.

FBM KLCI Ends Slightly Lower As Focus Shifts To Small-cap Stocks

By Zufazlin Baharuddin

KUALA LUMPUR, Sept 25 (Bernama) -- The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index finished a tad lower on Thursday, with the broader market’s focus shifting to smaller-cap stocks, mainly in the energy, construction, and telecommunication sectors.

Kathmandu Riots Deal Blow To Nepal’s Insurance Sector

KUALA LUMPUR, Sept 25 (Bernama) -- Insured losses from the recent “Gen Z” protests in Kathmandu are mounting, posing a significant threat to Nepal’s already fragile non-life insurance market, according to a new AM Best commentary.

Gold Futures Close Lower, Tracking Comex Losses

KUALA LUMPUR, Sept 24 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Wednesday, tracking losses in the US COMEX gold market.