Ringgit Continues To Climb Against Greenback Ahead Of US NFP Data

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 16 (Bernama) -- The ringgit continued its upward momentum on Tuesday, closing against the greenback at the 4.08 level ahead of the release of US nonfarm payrolls (NFP) data later tonight.

Noraini Ahmad Appointment To Boost Sustainable Agribusiness Growth

KUALA LUMPUR, Dec 16 (Bernama) -- The appointment of Datuk Seri Dr Noraini Ahmad to lead the Ministry of Plantation and Commodities is expected to sustain efforts to steer Malaysia’s agribusiness sector towards more sustainable growth.

KLCI Futures Ends Higher In Line With Firmer Cash Market

KUALA LUMPUR, Dec 16 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended higher today, tracking gains in the underlying cash market.

Bursa Malaysia Closes Higher For Fourth Consecutive Session

By Danni Haizal Danial Donald

KUALA LUMPUR, Dec 16 (Bernama) -- Bursa Malaysia extended its positive performance, closing higher for a fourth consecutive session, supported by improving local market sentiment underpinned by a firm domestic macroeconomic backdrop.

Negeri Sembilan Unveils US$20 Bln Nilai Photonic AI Manufacturing City

SEREMBAN, Dec 16 (Bernama) -- Negeri Sembilan has announced the development of the Nilai Advanced Photonic AI Manufacturing City, the first large-scale photonic computing and semiconductor initiative of its kind in the world.

Bursa Malaysia Stays Higher At Mid-Afternoon

KUALA LUMPUR, Dec 16 (Bernama) -- Bursa Malaysia stayed in positive territory at mid-afternoon today, supported by buying activities in selected heavyweights led by consumer products and services, and healthcare counters.

South Korea Eases Discount Rate Rules For Non-Life Insurers

KUALA LUMPUR, Dec 16 (Bernama) -- The recent easing of discount rate regulations by South Korea’s financial authorities will alleviate pressure on the solvency position of the country’s non-life insurers, according to a new AM Best commentary.

Bursa Malaysia Turns Higher At Midday On Stronger Ringgit

KUALA LUMPUR, Dec 16 (Bernama) -- Bursa Malaysia pared earlier losses to end the morning session higher, outperforming regional peers on the back of a stronger ringgit.

Ringgit Opens Stronger At 4.08 Against The Greenback, Highest In Nearly Five Years

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Dec 16 (Bernama) -- The ringgit surged to the 4.08 level against the US dollar at Tuesday’s opening, marking its strongest performance in nearly five years, as improved confidence in the Malaysian economy boosted demand for the local currency.

Perma-Pipe Q3 Net Income Soars 152 Pct, Revenue Hits US$61.1 Mln

KUALA LUMPUR, Dec 16 (Bernama) -- Perma-Pipe International Holdings Inc has reported a 152 per cent surge in third-quarter (Q3) net income to US$6.3 million, fuelled by higher sales volumes and improved project execution. (US$1=RM4.08)

AM Best Affirms Excellent Credit Ratings of Korean Reinsurance

KUALA LUMPUR, Dec 16 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Korean Reinsurance Company (KRE).

CPO Futures End Mostly Lower On Weak Demand, Rising Production

KUALA LUMPUR, Dec 15 (Bernama) -- The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower today on weak demand and rising production.