Lower EPF Contribution For Foreign Workers Reduces Overall Wage Expenditure

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 5 (Bernama) -- The government’s decision to set the Employees Provident Fund (EPF) contribution rate for foreign workers at two per cent — lower than the initially proposed 12 per cent — helps employers reduce overall wage expenditure.

Bursa Malaysia Lower At Midday

KUALA LUMPUR, Jan 27 (Bernama) -- Bursa Malaysia ended the morning session lower today as investors stayed cautious ahead of key economic data releases this week and the Chinese New Year break.

Bursa Malaysia Set To Be On Cautious Mode Next Week Amid Festive Period

KUALA LUMPUR, Jan 25 (Bernama) -- Bursa Malaysia is expected to trade in cautious mode next week ahead of Chinese New Year and the first US Federal Open Market Committee (FOMC) meeting of 2025, scheduled for Jan 28-29.

Gold Futures Likely To Surpass US$2,800 Per Troy Ounce Next Week

KUALA LUMPUR, Jan 25 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade higher next week, with prices likely surpassing the US$2,800 per troy ounce level on weaker US dollar, said SPI Asset Management managing partner Stephen Innes.

​​​​Ringgit To Trade Cautiously Ahead Of FOMC, Range RM4.37 - RM4.38 Next Week

KUALA LUMPUR, Jan 25 (Bernama) -- The ringgit is expected to trade cautiously against the greenback next week, ahead of the US Federal Open Market Committee (FOMC) meeting, and to remain within the RM4.37 to RM4.38 range, an economist said.

Gold Futures Market Takes A Breather As Concerns Over US Tariff Policies Ease

By Siti Noor Afera Abu

KUALA LUMPUR, Jan 23 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives has taken a breather after its recent sharp surge, as concerns over United States (US) President Donald Trump's tariff policies have eased.

13MP: Govt Committed To Enabling Policies To Drive Growth In Key Industries - Rafizi

KUALA LUMPUR, Jan 23 (Bernama) -- The government is committed to prioritising enabling policies over direct intervention to drive creativity and growth in key industries for the 13th Malaysia Plan (13MP), Economy Minister Datuk Seri Rafizi Ramli said.

Cahya Mata Sarawak's Unit Expects To Double Clinker Production With New Facility

KUCHING, Jan 23 (Bernama) -- Cahya Mata Cement Sdn Bhd, a wholly-owned subsidiary of Cahya Mata Sarawak Bhd, expects to double its clinker production capacity with the development of a new facility, Clinker Line 2, in Mambong here.

Agrobank Partners JHEV ATM On Agro Defence Contract Farming Financing Programme

KUALA LUMPUR, Jan 21 (Bernama) -- Agrobank has inked a memorandum of collaboration with the Malaysian Armed Forces Veterans Affairs Department (JHEV ATM) for the Agro Defence Contract Farming Financing Programme, specifically for Malaysian Armed Forces (ATM) veterans.

MPOC Forecasts Seasonal Drop In Palm Oil Exports For January, February 2025

KUALA LUMPUR, Jan 20 (Bernama) -- Malaysia’s palm oil exports are expected to experience a seasonal decline in January and February this year, primarily due to a drop in production, said the Malaysia Palm Oil Council (MPOC).

Salary Hike A Boon For Retail, Travel Sectors

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Jan 20 (Bernama) -- The government's move to raise the salaries of civil servants and the minimum wage is set to positively impact the retail and travel sectors, which rely heavily on consumer spending.

Petronas Gas Launches Malaysia's First LNG-Driven Air Separation Unit

KUALA LUMPUR, Jan 17 (Bernama) -- Petronas Gas Bhd, through wholly owned unit Regas Terminal (Pengerang) Sdn Bhd, has launched Malaysia's first liquefied natural gas (LNG)-driven air separation unit (ASU) in Pengerang, Johor, and invited Dialog Group Bhd to participate by taking up a 27.78 per cent stake.