FBM KLCI Rebounds On Bargain Hunting In Banking, Telco Stocks

By Siti Noor Afera Abu

KUALA LUMPUR, Jan 10 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from yesterday's losses to close marginally higher on Friday, driven by bargain hunting in banking and telecommunications stocks, despite the downbeat performance in regional bourses.

Malaysia's IPI Up 3.6 Pct In Nov 2024 – DOSM

KUALA LUMPUR, Jan 10 (Bernama) -- The Industrial Production Index (IPI) increased by 3.6 per cent year-on-year in November 2024, driven by sustained output growth in the manufacturing sector, according to the Department of Statistics (DOSM).

BMI Expects BNM To Hold OPR At 3.0 Pct In Next Meeting

KUALA LUMPUR, Jan 10 (Bernama) -- Bank Negara Malaysia (BNM) is expected to keep the overnight policy rate (OPR) at 3.0 per cent during its meeting on Jan 22, 2025, according to BMI, a Fitch Solutions company.

Global Air Cargo And Passenger Demand Up By Over 8 Pct In November 2024 -- IATA

KUALA LUMPUR, Jan 9 (Bernama) -- Global air cargo markets saw robust growth in demand in November 2024, with cargo tonne-kilometres surging by 8.2 per cent compared to a year earlier, according to the International Air Transport Association (IATA).

ASEAN Must Embrace Regional Industrial Policy Amid US-China Rivalry 

KUALA LUMPUR, Jan 9 (Bernama) -- ASEAN should pursue a wide industrial policy amid the rising protectionism and tariff walls set off by the intensifying United States (US) and China rivalry. 

Fully Implementing RCEP Could Position Asean As A Hub For Regional Growth - Tengku Zafrul

 KUALA LUMPUR, Jan 9 (Bernama) -- As the 2025 ASEAN chair Malaysia will focus on leveraging the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade agreement now in force.

ASEAN Needs Unified Strategy To Boost EV Industry, Says Yinson CEO

KUALA LUMPUR, Jan 9 (Bernama) — ASEAN needs a unified strategy to boost the region’s electric vehicle (EV) industry, said Yinson Holdings Bhd chief executive officer Lim Chern Yuan.

ASEAN Needs Deeper Trade Agreements, Domestic Reforms For Economic Resilience - Economist

KUALA LUMPUR, Jan 9 (Bernama) -- Deeper trade agreements and domestic reforms are needed to build economic resilience in the Association of Southeast Asian Nations (ASEAN) and East Asian Pacific regions, especially during extreme change and uncertainty.

MIDF Positive On Banking Sector, Expects Robust Earnings For 2025

KUALA LUMPUR, Jan 9 (Bernama) -- The Malaysian banking sector is expected to have robust earnings in 2025, supported by solid gross loan growth and stable asset quality, said MIDF Amanah Investment Bank Bhd. 

Air Travel Demand Will Be Robust In 2025, Driven By Surge In Business, Leisure Travel

KUALA LUMPUR, Jan 9 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) has projected that air travel recovery will remain intact and demand will be robust in 2025, with an estimation of tourist arrivals of 31 million into Malaysia this year, up 15 per cent from an estimated 27 million last year.

Quantexa Recognised In Chartis’ RiskTech Quadrant For AML Transaction Monitoring Solutions

KUALA LUMPUR, Jan 8 (Bernama) -- Quantexa, a provider of decision intelligence solutions for the public and private sectors, has been recognised in the 2024 Chartis’ RiskTech Quadrant Update for anti-money laundering (AML) transaction monitoring solutions.

Demographic Challenges Among Vital Points To Be Addressed In ASEAN Community Vision 2045

KUALA LUMPUR, Jan 8 (Bernama) -- Demographic challenges currently faced by ASEAN economies are among the vital points to be addressed in the ASEAN Community Vision (ACV) 2045 for the next 20 years, said an official.