Banking Stocks Drag Bursa Malaysia Below 1,600 Level
KUALA LUMPUR, Nov 28 (Bernama) -- The fall in shares of banking heavyweights weighed heavily on Bursa Malaysia, causing the index to slip below the crucial 1,600 mark.
| LATEST NEWS | Fibre-to-the-Home project at Armed Forces Family Homes records positive progress, some completed ahead of schedule - Fahmi | At 6 pm, the ringgit traded mostly higher against major currencies, flat vs US dollar at 3.9630/9670 | Global supply crisisl: Assurance of adequate supply of basic necessities one of three main strategies to protect the people - DPM Fadillah | World entering second wave of global supply crisis, namely disruptions in the supply of oil and gas-based goods - DPM Fadillah | Global supply crisis: Gov’t takes early action to ensure the people remain protected in facing second wave - DPM Fadillah | |
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Ringgit Rises As Fed Minutes Signal Us Interest Rate Cuts Ahead
By Abdul Hamid A Rahman
KUALA LUMPUR, Nov 27 (Bernama) -- The ringgit ended higher against the US dollar on Wednesday, buoyed by the US Federal Reserve’s (Fed) latest meeting minutes, which were perceived as less hawkish than anticipated and kept the rate-cutting narrative alive.
Knight Frank: Malaysia Among APAC's Leading Lifestyle And Investment Hotspots
KUALA LUMPUR, Nov 27 (Bernama) -- Singapore, Australia, Japan and Malaysia lead the rankings as Asia-Pacific’s (APAC) leading lifestyle and investment hotspots, according to global real estate consultancy and estate agency, Knight Frank.
Malaysia's Investment Outlook Seen Promising Under Trump 2.0 Presidency
KUALA LUMPUR, Nov 27 (Bernama) – Malaysia is seen leveraging its role as ASEAN Chair in 2025 to maintain its economic stability and position itself as a key regional player amid global economic uncertainties stemming from US President-elect Donald Trump’s policies.
ACE Market-bound Vanzo Holdings Aims To Raise RM14 Mln From IPO
KUALA LUMPUR, Nov 27 (Bernama) -- Vanzo Holdings Bhd aims to raise RM14 million through its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia on Dec 17, 2024.
Bursa Malaysia Maintains Upward Momentum Amid Mixed Regional Markets
KUALA LUMPUR, Nov 27 (Bernama) -- Bursa Malaysia keeps its momentum going at midday amid not-so-rosy regional markets as investors turn their attention to the upcoming US inflation report later tonight.
Malaysia, Russia To Strengthen Ties, Focusing On Digitalisation, Energy, Trade Opportunities Via ASEAN, BRICS
KUALA LUMPUR, Nov 27 (Bernama) -- Malaysian companies are encouraged to explore the vast opportunities offered by Russian businesses, particularly in digitalisation and information technology (IT), said Roscongress Foundation.
MAHB To Sustain Strong Passenger Growth In 2024-2025 -- Analysts
KUALA LUMPUR, Nov 27 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) is expected to sustain strong passenger traffic growth in 2024-2025, supported by rising demand from key markets such as China, India, and Southeast Asia.
Renewable Energy Among The Focuses Of JS-SEZ Development
KUALA LUMPUR, Nov 27 (Bernama) -- The renewable energy industry will be one of the main focuses in the Johor-Singapore Special Economic Zone (JS-SEZ) development which is expected to significantly benefit both countries.
Cambodia Is Now A Competitive Investment Destination In Asean, Says Hun Manet
PHNOM PENH, Nov 26 (Bernama) -- Cambodian Prime Minister Hun Manet today invited foreign investors to join the nation’s transformation process and assured the Kingdom is an exciting investment destination in ASEAN.
Energy-related Sector Among Potential Investments Raked In From PM's Official Visit To S. Korea - MITI
KUALA LUMPUR, Nov 26 (Bernama) -- The investment potential generated from Prime Minister Datuk Seri Anwar Ibrahim's official visit to South Korea is related to the electric vehicle sector, metals for electric vehicle applications, bio-pharmaceuticals, green technology, and the carbon capture and storage sector, said the Ministry of Investment, Trade, and Industry (MITI) today.
Gold Futures End Lower As Investors Shift Focus, Diverging From COMEX Gains
KUALA LUMPUR, Nov 26 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower today, contrary to the positive trend seen in the United States COMEX gold market.