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Bursa Malaysia Closes Lower On Weaker US Data

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia ended the week lower, tracking Wall Street’s performance, as higher-than-expected inflation in the United States further diminished hopes for a jumbo US interest rate cut next month.

Duck Creek To Provide Comprehensive Risk Management, Mitigation Solutions Via RCT Acquisition

KUALA LUMPUR, Oct 11 (Bernama) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, has acquired Risk Control Technologies Inc (RCT), a Toronto-based provider of risk management and loss control solutions.

Manufacturing Sales Value Rises 7.7 Pct To RM163.9 Bln In August -- DOSM

KUALA LUMPUR, Oct 11 (Bernama) -- The manufacturing sector's August 2024 sales value reached RM163.9 billion, reflecting a year-on-year (y-o-y) increase of 7.7 per cent versus a decline of 3.3 per cent in the same month last year, according to the Department of Statistics Department (DOSM).

Budget 2025: Continue Funding Programmes That Focus On Gig Workers - Foodpanda

KUALA LUMPUR, Oct 11 (Bernama) -- Foodpanda Malaysia hopes the government will maintain gig-worker-focused funding in Budget 2025, similar to previous initiatives to help them thrive.

Malaysia’s IPI Rises 4.1 Pct In August, Propelled By Manufacturing Sector's Growth

KUALA LUMPUR, Oct 11 (Bernama) -- Malaysia’s Industrial Production Index (IPI) increased by 4.1 per cent in August 2024, propelled by the moderate growth in the manufacturing sector, said the Department of Statistics (DOSM).

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia ended the morning session lower as traders were seeking cues on the upcoming United States (US) Producer Price Index data to gauge the Federal Reserve’s future interest rate moves, said an analyst.

MPC Launches Guidelines For EVs, Battery Management To Ensure Safety And Ecosystem Protection

KUALA LUMPUR, Oct 11 (Bernama) -- The Malaysia Productivity Corporation (MPC) has launched the electric vehicle and battery management (EVBM) guidelines to ensure public safety, environmental protection and the sustainability of Malaysia’s EV ecosystem. 

Malaysia Sees Prospects To Establish Cooperation With Canada In Halal Sector -- Tengku Zafrul

KUALA LUMPUR, Oct 11 (Bernama) -- Malaysia sees prospects to introduce cooperation with Canada in the halal sector, said Minister of Investment, Trade and Industry (MITI) Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia-Canada Economic Ties Strengthen With 41 Pct Trade Increase

VIENTIANE, Oct 11 (Bernama) -- Malaysia and Canada are deepening their economic ties, with bilateral trade reaching RM8.05 billion as of August 2024, marking a significant 41 per cent increase year-on-year, according to the Ministry of Investment, Trade and Industry (MITI).

Public Bank, LPI Capital Shares Down Amid Proposed Acquisition Announcement

KUALA LUMPUR, Oct 11 (Bernama) -- The share prices of Public Bank Bhd and LPI Capital Bhd contracted following the news of the bank’s proposed acquisition of a 44.15 per cent stake in LPI Capital Bhd to provide a more comprehensive service offering.

FBM KLCI Opens Lower But Market Breadth Stays Positive

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia’s barometer index opened lower, in line with Wall Street’s weaker performance, as traders reacted negatively to September’s United States consumer price index figure, which came in higher than anticipated, said an analyst.

Malaysia Eyes Stronger Economic Ties With Vietnam In Emerging Industries - PM Anwar

VIENTIANE, Oct 10 (Bernama) -- Malaysia is aiming to strengthen economic cooperation with Vietnam by exploring opportunities for private sector involvement in emerging industries.