IILM Reissues US$1.14 Bln Short-term Sukuk

KUALA LUMPUR, Oct 1 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of an aggregate US$1.14 billion (US$1=RM4.1530) short-term sukuk across tenors of one, three, and 12 months, respectively.

Stronger Ringgit Boosts Consumer, REITs And Plantation Sectors On Bursa Malaysia

KUALA LUMPUR, Oct 1 (Bernama) -- Consumer counters are poised to benefit from lower costs of raw material imports and improved margins as the ringgit continues to strengthen, according to Bursa Malaysia Bhd.

Malaysia's Official Reserve Assets At US$116.77 Bln As At End-August 2024 - BNM

KUALA LUMPUR, Sept 30 (Bernama) --The official reserve assets amounted to US$116.77 billion, while other foreign currency assets amounted to US$88.9 million as at end-August 2024, said Bank Negara Malaysia (BNM). 

Short-term Rates Set To Remain Stable Next Week On Bnm's Operations

KUALA LUMPUR, Sept 28 (Bernama) -- Short-term interbank rates are expected to remain stable next week on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Bintai Kinden Proposes Regularisation Plan To Exit PN17 Status

KUALA LUMPUR, Sept 27 (Bernama) — Bintai Kinden Corporation Bhd (BKCB) has announced a proposed regularisation plan to exit its Practice Note 17 (PN17) status and ensure long-term sustainability.

Gamuda Up In Early Trade Following Strong FY2024 Results

KUALA LUMPUR, Sept 27 (Bernama) -- Gamuda Bhd shares rose in early Friday trading following its strong performance in the financial year ended July 31, 2024 (FY2024), with annual revenue rising 63 per cent year-on-year to RM15 billion.

MIDF Expects Bursa Malaysia's Positive Momentum To Continue In 4Q And Into 2025

KUALA LUMPUR, Sept 26 (Bernama) -- MIDF Amanah Investment Bank Bhd expects Bursa Malaysia’s positive market momentum to continue in the last quarter of 2024 (4Q), driven by foreign inflows, underpinned by a healthy economy and a positive corporate earnings outlook.

Ringgit Retreats To 4.13 At Opening As Investors Take Profits

KUALA LUMPUR, Sept 26 (Bernama)  -- The ringgit retreated against the US dollar on Thursday, taking a breather from recent gains as investors cashed out profits following its considerable appreciation, an economist said.

Bursa Malaysia Higher At Midday On China’s Stimulus Support 

By Karina Imran

KUALA LUMPUR, Sept 24 (Bernama) -- Bursa Malaysia ended the morning session in positive territory, aligning with regional peers and bolstered by new stimulus measures from China, according to an analyst.

EBC Bolsters Global Leadership With BrokersView Best Trading Experience Award

KUALA LUMPUR, Sept 23 (Bernama) -- EBC Financial Group (EBC) has been awarded the “Best Trading Experience” Award recently at the BrokersView Award Ceremony in Vietnam, once again solidifying its position as a world-class leader in the financial industry specialising in forex, contract for differences (CFDs), and stocks.

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)

Govt Needs To Address Gaps In National Grids To Foster Renewable Energy Production

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 23 (Bernama) -- The Malaysian government should allocate more resources to improve the national grid and substations, said Singapore's Asiarecs Pte Ltd.