Bursa Malaysia Opens Higher, Tracking Wall Street's Overnight Performance 

By Karina Imran

KUALA LUMPUR, Sept 24 (Bernama) -- Bursa Malaysia rebounded from yesterday’s losses to open higher today, tracking Wall Street’s overnight upbeat performance, said an analyst.

MRC Projects Exports Of Rubber, Related Products To Exceed RM30 Bln

KUALA LUMPUR, Sept 23 (Bernama) -- The Malaysian Rubber Council (MRC) has projected Malaysia's rubber and rubber products exports could exceed RM30 billion by the end of the year, buoyed by strong performance in the first half of 2024 (1H 2024).

FBM KLCI Futures End Lower, Tracking Cash Market's Performance

KUALA LUMPUR, Sept 23 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended lower today, in line with the performance of the underlying cash market. 

AM Best: Favourable Rating Changes For APAC (Re) Insurers Despite Geopolitical Uncertainty

KUALA LUMPUR, Sept 23 (Bernama) -- AM Best in its new report revealed that long-term issuer credit rating (Long-Term ICR) upgrades exceeded downgrades for its rated Asia-Pacific (APAC) (re)insurers in 2023, driven predominantly by improved balance sheet strength and favourable operating performance.

Bursa Malaysia Ends Easier Amid Consolidation Mode   

By Karina Imran

KUALA LUMPUR, Sept 23 (Bernama) -- Bursa Malaysia trended in a tight range and closed easier today as it has entered into a consolidation mode following two days of uptrend, said an analyst. 

Akwel Anticipates Minor Sales Drop For Current Fiscal Year

KUALA LUMPUR, Sept 23 (Bernama) -- AKWEL, the automotive and heavy goods vehicle (HGV) components manufacturer, has posted a net income of 20.2 million euros, giving a net margin of 3.8 per cent for the first half of 2024. (1 euro = RM4.68)

KPK Proposes Revision Of WPL On Palm Oil; MOF Feedback Pending

PUTRAJAYA, Sept 23 (Bernama) -- The Plantation and Commodities Ministry (KPK) presented a proposal to the Ministry of Finance (MoF) last week to revise the windfall profit levy (WPL) on palm oil in the country.

CIOs Find AI Both Exciting, Stressful - Expereo Study

KUALA LUMPUR, Sept 23 (Bernama) -- Expereo in its latest survey revealed that 64 per cent of technology leaders from large global enterprises find it challenging and/or stressful to meet the technology demands of the business and that artificial intelligence (AI) is a key source of both pressure and opportunity.

Preqin Expects Global Alternative Markets To Surpass US$30 Trillion By 2030

KUALA LUMPUR, Sept 23 (Bernama) -- Preqin in its Future of Alternatives 2029 report forecasted the global alternatives industry to reach US$29.2 trillion in assets under management (AUM) by 2029, from US$16.8 trillion at the end of 2023. (US$1=RM4.20)

MIHAS 2024 Awards Introduces Sustainability Category, Recognising Eco-friendly Practices

By Abdul Hamid A Rahman

KUALA LUMPUR, Sept 20 (Bernama) -- The prestigious Malaysia International Halal Showcase (MIHAS) 2024 Awards returns this year with a new category, the Sustainability Award, recognising efforts in the adoption of sustainable practices in the Halal industry.

CPO Futures Likely To Trade Higher Next Week Amid Stronger Export Performance

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 21 (Bernama) -- Stronger export performance is expected to boost the crude palm oil (CPO) futures on Bursa Malaysia Derivatives next week, said a trader.

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.