Wholesale And Retail Trade Sales Up 3.8 Pct To Rm148.2 Bln In September - DOSM

KUALA LUMPUR, Nov 7 (Bernama) -- Malaysia's wholesale and retail trade sector recorded a 3.8 per cent year-on-year (y-o-y) growth in September 2024, achieving total sales of RM148.2 billion, said the Department of Statistics Malaysia (DOSM).

Mah Sing Unit To Buy Land In Old Klang Road For RM112.97 Mln

KUALA LUMPUR, Nov 7 (Bernama) -- Mah Sing Group Bhd’s wholly-owned unit Major Land Development Sdn Bhd has entered into a sale and purchase agreement with Pink Forest Sdn Bhd for a proposed acquisition of 2.12 hectares of freehold land along Old Klang Road for RM112.97 million.

BNM Expected To Keep OPR At 3.0 Pct In 2025 - Banks

KUALA LUMPUR, Nov 7 (Bernama) -- Amid ongoing economic challenges, Public Investment Bank (IB) Bhd anticipates Bank Negara Malaysia (BNM) will maintain a cautious stance through 2025, likely holding the overnight policy rate (OPR) steady at 3.00 per cent for the year. 

RHB Investment Bank Maintains Malaysia 2025 GDP Forecast At 5.0 Pct Post-Trump Win

KUALA LUMPUR, Nov 6 (Bernama) -- RHB Investment Bank Bhd has maintained Malaysia’s 2025 gross domestic product (GDP) growth forecast at 5.0 per cent based on global assumptions for a Goldilocks backdrop following Donald Trump’s victory in the United States (US) presidential elections.

CPO Futures Rally Above RM4,900 On Stronger Export Pace

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 6 (Bernama) -- Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Wednesday as price rallied above RM4,900 per tonne for January 2025 benchmark contract, a trader said.

Gold Futures End Lower On Stronger US Dollar, Higher US Treasury Yields

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 6 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today, weighed down by the US dollar’s stronger performance and higher United States (US) Treasury yields, said an analyst.

Ringgit Ends Lower As US Election Results Unfold

KUALA LUMPUR, Nov 6 (Bernama) -- The ringgit closed lower against the US dollar today, snapping two days of gains, as the US presidential election results poured in, said an economist. 

U Mobile Chosen As Malaysia's Second 5G Provider Based On Multiple Factors – MCMC

PUTRAJAYA, Nov 6 (Bernama) -- U Mobile Sdn Bhd was chosen as Malaysia's second 5G network provider based on factors like business and technical plans, complaint records, customer satisfaction, and its track record in infrastructure projects, according to the Malaysian Communications and Multimedia Commission (MCMC).

Gamuda Likely To Oust Genting Malaysia From FBM KLCI

KUALA LUMPUR, Nov 6 (Bernama) -- CIMB Securities Sdn Bhd has indicated that Gamuda Bhd may replace Genting Malaysia Bhd in the FTSE Bursa Malaysia KLCI (FBM KLCI) in the index’s upcoming review next month.

Lotte Chemical Titan Posts Higher Net Loss Of RM246.42 Mln In 3Q

KUALA LUMPUR, Nov 6 (Bernama) -- Lotte Chemical Titan Holding Bhd (LCT) posted a wider net loss of RM246.42 million during the third quarter ended Sept 30, 2024 (3Q 2024), as compared to a net loss of RM55.58 million in the same quarter last year.

Rubber Market Ends Mixed Amid Gains In Regional Futures

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 6 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Wednesday, supported by gains in regional futures markets and a weaker ringgit against the US dollar, a dealer said.

BNM Maintains OPR Unchanged At 3.0 Pct

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent at its meeting today.