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TNB’s Solid Financial Footing Critical For Its Service To The Rakyat

By M. Saraswathi

KUALA LUMPUR, Oct 22 (Bernama) -- For a utility company such as Tenaga Nasional Bhd (TNB), a solid financial position, underpinned by a healthy balance sheet, low debt, and strong cash flow, enables it to allocate capital towards infrastructure upgrades, research and development, and operational improvements that benefit end consumers.

Ringgit Opens Flat Vs US Dollar Amid Cautious Economic Sentiment

By Zarul Effendi Razali

KUALA LUMPUR, Oct 22 (Bernama) -- The ringgit opened nearly flat against the US dollar on Tuesday, as cautious sentiment surrounding the current economic outlook saw some investors turn to safe-haven assets, an economist said.

MIDF Maintains 2024 GDP Forecast At 5.0 Pct 

KUALA LUMPUR, Oct 21 (Bernama) -- MIDF Research has kept its 2024 gross domestic product (GDP) growth forecast at 5.0 per cent, bolstered by ongoing increases in domestic spending and a recovery in exports.

The Ascott, Instant Icon Ink Deal To Develop Luxury Condos In Batu Ferringhi

GEORGE TOWN, Oct 21 (Bernama) -- Singaporean real estate and lodging company The Ascott Ltd is partnering with Malaysian developer Instant Icon Sdn Bhd to develop Ascott Residences Batu Ferringhi, which is set to welcome residents from January 2028 onwards.

Minimal Impact Of Minimum Wage, Foreign Worker Levy On Infrastructure Supply Chain -- Analysts

KUALA LUMPUR, Oct 21 (Bernama) -- CIMB Securities Sdn Bhd foresees minimal impact from the proposed hikes in minimum wages to RM1,700 and foreign worker levies on the local infrastructure supply chain.

Budget 2025 Aligns With Global Real Estate Trends - Knight Frank

KUALA LUMPUR, Oct 19 (Bernama) -- Budget 2025 emphasised people-centric infrastructure and sustainability that aligned with global real estate trends such as green building practices and transit-oriented developments, said Knight Frank Malaysia.

Gold Futures Likely To Be Bullish Next Week

KUALA LUMPUR, Oct 19 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to be bullish next week, driven by expectations of a prolonged low-interest rate environment globally, an analyst said.

CPO Futures Likely To Trade With Positive Bias Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a positive bias next week amid lower output growth and stronger export pace.

Rubber Market Likely To Trade Range-bound With Higher Bias Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 19 (Bernama) -- The local rubber market is expected to trade range-bound with an upside bias next week, driven primarily by replenishment activities, according to industry expert Denis Low.

Budget 2025 Set To Increase Home Purchases – Juwai IQI

KUALA LUMPUR, Oct 19 (Bernama) -- Malaysia’s Budget 2025 focus on efficiency and investment, coupled with tax relief for first-time house buyers, is likely to increase home purchases, said the international real estate technology group, Juwai IQI.

Budget 2025 Accelerates Clean Energy Transition, Solarvest Keen On Kenyir Solar Farm

KUALA LUMPUR, Oct 19 (Bernama) -- Budget 2025 is a step towards accelerating Malaysia’s clean energy transition and the company is eager to participate in the Kenyir Floating Hybrid Solar Farm, said Solarvest Holdings Bhd.

H2O.ai Unveils Compact, Cost Efficient Multimodal Foundation Models for Document AI

KUALA LUMPUR, Oct 18 (Bernama) -- H2O.ai, the leader in open-source generative artificial intelligence (GenAI), announced H2OVL Mississippi 2B and 0.8B, two powerful new multimodal foundation models designed specifically for optical character recognition (OCR) and Document AI use cases.