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Ringgit Ends Marginally Higher On Positive Sentiment Amid Budget Announcement

KUALA LUMPUR, Oct 18 (Bernama) -- The ringgit closed marginally higher against the US dollar today on positive market sentiment following the unveiling of the national budget, according to an analyst.

Budget 2025 Estimate The Highest Ever – PM Anwar

KUALA LUMPUR, Oct 18 (Bernama) – The RM421 billion Budget 2025 estimate is the highest ever announced, comprising allocations of RM335 billion for operating expenses and RM86 billion for development expenditure, excluding contingency reserves of RM2 billion.

Duck Creek Technologies Named Leader In P&C Insurance Technology Space By Gartner

KUALA LUMPUR, Oct 18 (Bernama) -- Duck Creek Technologies, an intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry, has been positioned by Gartner as a Leader in the 2024 Gartner “Magic Quadrant for SaaS P&C Core Platforms, North America”.

SME Bank Launches FundFest To Empower Entrepreneurs, Bridging The Financing Gap

KUALA LUMPUR, Oct 18 (Bernama) -- SME Bank Malaysia Bhd has launched the SME Bank FundFest 2024, aimed at providing budding entrepreneurs, innovative startups, and growing businesses with opportunities to access funding facilities and participate in knowledge exchange sessions.

Veea, Indonesia’s ICT To Provide Advanced Wireless Connectivity, Asset Tracking In Southeast Asia

KUALA LUMPUR, Oct 18 (Bernama) -- Veea has partnered with Inti Cakrawala Teknologi (ICT), a next-gen digital connectivity solutions provider, to bring advanced connectivity solutions and asset tracking for ICT’s mining and energy clients in Indonesia and throughout Southeast Asia.

H2O.ai Unveils Compact, Cost Efficient Multimodal Foundation Models for Document AI

KUALA LUMPUR, Oct 18 (Bernama) -- H2O.ai, the leader in open-source generative artificial intelligence (GenAI), announced H2OVL Mississippi 2B and 0.8B, two powerful new multimodal foundation models designed specifically for optical character recognition (OCR) and Document AI use cases.

Malaysia Poised To Steer ASEAN Economic Prosperity Via Resources, Digital Infrastructure

KUALA LUMPUR, Oct 18 (Bernama) -- Malaysia is well positioned to advance ASEAN's economic prosperity and regional integration by leveraging its resources and digital infrastructure, bolstered by a stable government and effective policies, said the Ministry of Finance (MoF). 

Main Market-bound Azam Jaya Bhd Aims To Raise RM61.5 Mln From IPO

KUALA LUMPUR, Oct 18 (Bernama) – Sabah-based major road infrastructure construction player, Azam Jaya Bhd aims to raise RM61.5 million from its initial public offering (IPO), pursuant to its listing on the Main Market of Bursa Malaysia on Nov 11, 2024.

 

Pharma And Healthcare Expo 2024 To Boost Malaysia As Regional Healthcare Hub

KUALA LUMPUR, Oct 18 (Bernama) -- The inaugural Malaysia Pharma and Healthcare Expo 2024 to be held at the Malaysia International Trade and Exhibition Centre (MITEC) from Oct 22-24, is set to boost Malaysia’s healthcare industry by promoting innovative products, fostering partnerships, and attracting investments in medical devices and pharmaceutical products.

Ringgit Opens Marginally Higher versus US Dollar, Traders Await Budget 2025

KUALA LUMPUR, Oct 18 (Bernama) -- The ringgit traded slightly higher against the US dollar at the opening as traders anticipated that the local currency would trade sideways while focusing on next year's fiscal deficit targets, even as global banks continued to pursue easy monetary policies.

Strong China-Malaysia Ties Key Factor In Driving Investments: Analysts

KUALA LUMPUR, Oct 17 (Bernama-Xinhua) -- Longstanding and stable relations with China are a key consideration for investors seeking to expand into Southeast Asia, with the strength of China-Malaysia ties making Malaysia a top destination for Chinese enterprises, analysts said on Thursday.

Continuity Of Mega Projects To Drive Economic Growth, Job Creation -- Experts

By Abdul Hamid A Rahman and Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 17 (Bernama) -- The continuity of major infrastructure projects under Prime Minister Datuk Seri Anwar Ibrahim's MADANI government is poised to generate substantial spillover effects across the economy, fostering job creation, attracting investments, and enhancing connectivity, according to experts.