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Ringgit Ends Higher Vs US Dollar, Regional Currencies on Continued Optimism On Malaysia's Growth

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Feb 3 (Bernama) -- The ringgit closed higher against the US dollar, other major currencies and ASEAN peers on Tuesday on continued optimism over Malaysia’s economic growth prospects.

AME Elite Secures RM214.13 Mln Test Cell Project From KLIA Aeropolis

KUALA LUMPUR, Feb 3 (Bernama) -- AME Elite Consortium Bhd's wholly-owned unit, AME Construction Sdn Bhd has been awarded a RM214.13 million contract by KLIA Aeropolis Sdn Bhd to construct a specialised test cell facility (Phase 1) in Sepang, Selangor.

Bursa Malaysia Extends Gains On Bargain Hunting

KUALA LUMPUR, Feb 3 (Bernama) -- Bursa Malaysia ended modestly higher today on bargain hunting, extending its recovery from last week’s pullback, although the upside momentum faded after an early peak, said an economist.  

Malaysia Positioned As Key Entry Point For India’s Regional Trade Expansion -- Academician

KUALA LUMPUR, Feb 3 (Bernama) -- India is increasingly viewing Malaysia as a strategic gateway to expand its economic footprint in Southeast Asia, using the country as a springboard to deepen trade and business engagement across the region, an academician said.

EF Opens Title Partnership Opportunity For Pro Cycling Team

KUALA LUMPUR, Feb 3 (Bernama) -- Education First (EF) has opened a unique opportunity for a new title partner to join EF Pro Cycling while remaining the team’s long-term owner and anchor investor.

Gold, Silver Seen Bullish Despite Short-term Volatility -- MGA

KUALA LUMPUR, Feb 3 (Bernama) -- Gold and silver prices are expected to remain bullish over the mid- to long-term despite short-term volatility triggered by global macroeconomic and geopolitical developments, said Malaysia Gold Association (MGA) president Datuk Seri Louis Ng.

Companies Urged To Manage Currency Risks Amid Ringgit Movement -- Johari

KUALA LUMPUR, Feb 3 (Bernama) -- Companies must actively manage currency risks through appropriate hedging and business strategies, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.

Bursa Malaysia Stays Up At Midday On Buying Of Blue Chips

KUALA LUMPUR, Feb 3 (Bernama) -- Bursa Malaysia pared gains but stayed up at midday on persistent buying activities in selected heavyweight counters, especially in financial services, telecommunications and media.

Malaysia Poised To Emerge As Global Physical Gold Trading Hub -- MGA

KUALA LUMPUR, Feb 3 (Bernama) -- Malaysia has a strong potential to emerge as a global physical gold trading hub, supported by a business-friendly policy environment, an integrated industry ecosystem and the upcoming Malaysia Gold Industry Principles (MGIP).

JS-SEZ Offers Scalable Regional Model For Seamless Cross-border Logistics -- Economists

JOHOR BAHRU, Feb 3 (Bernama) -- The Johor-Singapore Special Economic Zone (JS-SEZ) offers a scalable development model throughout the region, predicated on its seamless cross-border logistics and efficient flow of goods, according to Khazanah Research Institute chairman Nungsari Ahmad Radhi. 

Bursa Malaysia Stays Higher At Mid-morning On Buying Activities

KUALA LUMPUR, Feb 3 (Bernama) -- Bursa Malaysia stayed higher at mid-morning, supported by buying in selected heavyweights, led by financial services as well as telecommunications and media counters.

Foreign Funds Log Fourth Straight Weeks Of Net Inflows

KUALA LUMPUR, Feb 3 (Bernama) -- Foreign investors remained net buyers for the fourth consecutive week, although net foreign inflows slid to RM12.8 million last week, down from RM510.9 million a week earlier.