Bank Islam Sees Short-term Economic Boost From Govt Fiscal Package

KUALA LUMPUR, July 24 (Bernama) -- The government's special announcement on direct fiscal measures are expected to have short- to medium-term impact on the country’s economy, particularly in private consumption, inflation, and fiscal conditions, according to Bank Islam Malaysia Bhd (BIMB).

FBM KLCI Closes At Intra-day High For Second Session As Investors Regain Risk Appetite

KUALA LUMPUR, July 24 (Bernama) -- Bursa Malaysia finished at its intra-day high for the second straight session on Thursday, driven by global optimism and the latest round of government fiscal aid that led investors to be back in the local market.

RM100 Cash Aid To Have RM3 Bln Retail Injection, Boost Consumption - Kenanga IB

By Siti Radziah Hamzah

KUALA LUMPUR, July 24 (Bernama) -- The targeted fiscal measures announced by Prime Minister Datuk Seri Anwar Ibrahim on Wednesday are anticipated to enhance near-term consumption, especially for essential goods and household items, according to Kenanga Investment Bank Bhd (Kenanga IB).

Utilities And Consumer Stocks Lift Bursa Malaysia Higher At Mid-day

KUALA LUMPUR, July 24 (Bernama) -- Bursa Malaysia ended the morning session on a firmer note as positive sentiment persisted on the local bourse, supported by gains in utilities as well as consumer products and services stocks.

RON95 Subsidy Plan To Benefit Majority, Mitigate Inflationary Pressures - Investment Banks

KUALA LUMPUR, July 24 (Bernama) -- The government's plan to reduce the price of RON95 petrol is widely seen as a positive step to ease living costs and support private consumption amid global economic uncertainties, said investment banks.

Synervest Group Secures US$4 Mln Series A To Fuel Global Fintech Expansion

KUALA LUMPUR, July 24 (Bernama) -- Fintech holding company, Synervest Group has raised US$4 million in a Series A funding round led by Jura Investment Group, with continued backing from CMT Digital, doubling its valuation to US$60 million from a year ago. (US$1=RM4.21)

Bursa Opens Higher, CI Breaches 1,530 On Trade, Sentiment Boost

KUALA LUMPUR, July 24 (Bernama) -- Bursa Malaysia opened higher on Thursday, with the benchmark index breaching the 1,530 level after three days of choppy trading, supported by optimism over US-China trade talks and improved domestic sentiment following recent policy announcements.

Ringgit Firmer Against US Dollar In Early Trade

 KUALA LUMPUR, July 24 (Bernama) -- The ringgit strengthened against the US dollar in early trade on Thursday, supported by improved market sentiment following the latest fiscal support measures.

RON95 Targeted Subsidies, Postponed Toll Hike Ensure Mobility Remains Accessible For Rakyat -- Carsome

KUALA LUMPUR, July 23 (Bernama) -- The government’s decision to implement targeted subsidies for RON95 and to freeze toll rate hikes across key highways will ensure mobility remains accessible and affordable for the rakyat, said Carsome Group chief business officer Aaron Kee today.

Rising Costs, Regulation Fuel Strategic Consolidation In Malaysia’s Data Centre Market - JLL

KUALA LUMPUR, July 23 (Bernama) -- Malaysia’s rapidly growing data centre sector is now entering a consolidation phase, a natural progression observed in more mature markets, according to global commercial real estate firm JLL.

Bursa Malaysia Gains At Midday As Fuel Price Assurance Boosts Consumer Stocks

KUALA LUMPUR, July 23 (Bernama) -- Bursa Malaysia ended the morning trading session in positive territory, supported by buying in selected counters, led by 99 SpeedMart, CIMB and Maybank.

RON95 Price Lowered To RM1.99 Per Litre After Targeted Subsidy, People Will Not Be Affected - PM Anwar

KUALA LUMPUR, July 23 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today announced that the price of RON95 petrol will drop following the planned targeting of fuel subsidies, thus giving assurances that the rakyat will not be affected.