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Ace-Market Debutant KHPT To Focus On Local Market Growth 

KUALA LUMPUR, Oct 8 (Bernama) -- ACE Market debutant KHPT Holdings Bhd (KHPT) is prioritising the local market, buoyed by an optimistic industry outlook and the anticipated introduction of several new car models.

Bursa Malaysia Opens Lower Amid Cautious Sentiments

 KUALA LUMPUR, Oct 8 (Bernama) -- Bursa Malaysia opened lower today, tracking the broadly lower Wall Street performance as sentiments turned cautious amid rising United States (US) Treasury yields and crude oil prices, an analyst said. 

Aurora Mulia Disposes Of Entire Stake In Media Prima, Ceases To Be Substantial Shareholder

KUALA LUMPUR, Oct 7 (Bernama) -- Aurora Mulia Sdn Bhd, a company linked to tycoon Tan Sri Syed Mokhtar Albukhary, has disposed of 353.81 million shares in Media Prima Bhd, ceasing to be a substantial shareholder in the company.

Nihon M&A Center Sets Up Fund Management Company To Drive ASEAN Expansion, Cross-border M&A

KUALA LUMPUR, Oct 7 (Bernama) -- Nihon M&A Center Holdings has established a subsidiary fund management company Asean to Global Capital (AtoG Capital) to support Japanese companies’ expansion into the Southeast Asian region.

Bursa Malaysia Higher At Midday

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 7 (Bernama) -- Bursa Malaysia ended the morning session firmer today, boosted by positive sentiments following the end of the United States (US) dockworkers strike and the better-than-expected US monthly job data, said an analyst.

HLIB, RHB IB Maintain 'Buy' Call On Kossan Rubber Industries

KUALA LUMPUR, Oct 7 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects Kossan Rubber Industries Bhd (KRI) to deliver a rather flattish third quarter for the financial year 2024 (3Q FY2024), due to domestic competition and stronger sequential earnings from 4Q FY2024 onwards.

Malaysia’s GBS Sector Should Focus On Digital Impact, Talent Development To Maintain Competitive Edge - Expert

PETALING JAYA, Oct 6 (Bernama) -- While Malaysia ranks among the top three global business services (GBS) hubs in the world, primarily driven by its cost advantage, the country must also place greater emphasis on the digital impact and talent development to maintain its competitive edge.

Middle East Tensions To Sustain Interest In Gold Futures Next Week

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Oct 5 (Bernama) -- Interest in the gold futures contract on Bursa Malaysia Derivatives is likely to sustain next week amid the Middle East tensions, but the anticipation of a stronger US dollar could put downward pressure on prices.

Ringgit Seen Holding Steady Against US Dollar Next Week

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Oct 5 (Bernama) -- The ringgit is expected to linger around at 4.21 to 4.22 against the US dollar next week but with an upside bias for the greenback after Friday’s US non-farm payrolls (NFP) unexpectedly rose sharply by 254,000 jobs in September.

Resilient Cash Flow Amid GN3 Status, Says MMAG Director

SEPANG, Oct 4 (Bernama) -- MMAG Holdings Bhd stated that it is not experiencing any cash flow issues or financial distress, despite triggering Paragraph 2.1(g) of Guidance Note 3 (GN3) of the ACE Market listing requirements.

Banking System Continues To Be Strong, Well-positioned To Weather Shocks -- HLIB

KUALA LUMPUR, Oct 4 (Bernama) -- Malaysia’s banking system is strong, well-positioned to weather shocks and supportive of financial intermediation activities, and continues to be backed by healthy capital and liquidity buffers, said Hong Leong Investment Bank (HLIB).

Proton Retains Second Place In September's Automotive Sales

KUALA LUMPUR, Oct 3 (Bernama) -- National carmaker Proton Holdings Bhd (Proton) remained in second place in the automotive sales rankings for September, with sales of 11,269 units (domestic and export), bringing its year-to-date (YTD) total sales volume to 112,758 units.