Ringgit Ends Lower Amid Expectation Of Smaller US Rate Cut, Sharp Fall In Oil Price

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 15 (Bernama) -- The ringgit depreciated against the US dollar at the close on Tuesday amid a sharp fall in the price of oil and on continued expectations of a smaller cut in US interest rates going forward.

Astronautic Not Profit-based Company, But Was Strategic For Satellite Development - MoF

KUALA LUMPUR, Oct 15 (Bernama) -- Astronautic Technology Sdn Bhd (ATSB), a company previously owned by the Minister of Finance (Incorporated), was not a profit-based company but was strategic for the development of satellites.

CPO Futures Close Lower On Weaker Soybean, Crude Oil Prices

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 15 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, tracking weakness in the Chicago Board of Trade’s soybean oil futures overnight and lower crude oil prices, said palm oil trader David Ng.

Gold Futures Close Lower On Strengthening US Dollar

KUALA LUMPUR, Oct 15 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower today, weighed down by the US dollar’s stronger performance.

Capital A Optimistic About Exiting PN17 Status By Year-end -- Tony Fernandes

KUALA LUMPUR, Oct 15 (Bernama) -- Capital A Bhd is poised to be in a positive equity position and optimistic about exiting its Practice Note 17 (PN17) status by the end of December this year, according to chief executive officer Tan Sri Tony Fernandes.

Northeast Group Seeks More Details From Govt On NSS Initiatives In Budget 2025

KUALA LUMPUR, Oct 15 (Bernama) -- ACE Market debutant Northeast Group Bhd has urged the government to provide more details on the National Semiconductor Strategy (NSS) as it seeks a clearer understanding of how the government plans to assist industry players in the upcoming Budget 2025.

Timing Right For Malaysia To Introduce Used Cooking Oil Futures

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Oct 15 (Bernama) -- It is the perfect time to introduce used cooking oil (UCO) futures in light of the growing emphasis on sustainability in the palm oil industry, according to an industry expert.

CPO Futures Closes Mostly Lower On Profit-taking

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 14 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly lower today due to profit-taking, said a dealer.

Gold Futures Close Higher

KUALA LUMPUR, Oct 14 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher today ahead of the United States Producer Price Index data to be released later tonight.

Rubber Market Ends Higher, Tracking Regional Futures Markets

KUALA LUMPUR, Oct 14 (Bernama) -- The Kuala Lumpur rubber market closed higher on Monday, tracking the performance in the regional rubber futures markets.

Budget 2025 Set To Expand Tax Base With Expected Sugar Tax, HVGT, GloBE -- Economist

KUALA LUMPUR, Oct 14 (Bernama) -- The government is expected to unveil new tax measures in the upcoming Budget 2025, set to be tabled this Friday, as the tax base has shown limited growth since the Goods and Services Tax (GST) was abolished in 2018.

FBM KLCI Stays Marginally Up At Midday; Market Breadth Negative

KUALA LUMPUR, Oct 14 (Bernama) -- Bursa Malaysia’s barometer index was marginally higher at midday as traders awaited the upcoming United States (US) Producer Price Index data for cues to gauge the Federal Reserve’s future interest rate moves, analysts said.