AMRO Lowers ASEAN+3 Growth Forecast For 2024 To 4.2 Pct

KUALA LUMPUR, Oct 3 (Bernama) -- The ASEAN+3 Macroeconomic Research Office (AMRO) has pared down its 2024 economic growth forecast for the region to 4.2 per cent, down from 4.4 per cent in July, largely driven by revised growth projections for China and Vietnam.

Sunway Shares Up On Plan To Acquire Cheras Land For RM320 Mln

KUALA LUMPUR, Oct 3 (Bernama) -- Sunway Bhd shares on Bursa Malaysia went up in the early session today after it announced plans to buy a 7.11-hectare (ha) prime land in Cheras for RM320 million, earmarking it for mixed-use development.

TNG Digital Urges Govt To Extend SST Exemption For Digital Services

KUALA LUMPUR, Oct 3 (Bernama) -- TNG Digital Sdn Bhd, operator of TNG eWallet, has urged the government to extend the sales and services tax (SST) exemption on digital services in Budget 2025.

MIDF Expects Malaysia's Production Activities To Continue To Grow In Coming Months

KUALA LUMPUR, Oct 2 (Bernama) -- Despite concerns over slower factory activities, MIDF Amanah Investment Bank Bhd (MIDF) expects Malaysia’s production activities to continue to grow in the coming months. 

Govt Still Bearing Diesel Subsidy Expenses - Rafizi Ramli

KUALA LUMPUR, Sept 30 (Bernama) --The government is still bearing the cost of diesel subsidies for eligible sectors, according to Economy Minister Rafizi Ramli.

Ringgit Hits Fresh 39-month High Against Greenback On Continued Expectation Of Another US Rate Cut

KUALA LUMPUR, Sept 30 (Bernama) -- The Malaysian ringgit closed marginally higher on Monday but still hit a new 39-month high against the greenback on continued expectation of another cut in US interest rates after the latest inflation data there.

Public Gold Plans To Have 200 ATMs Dispensing Gold Products By End-2025

By Erma Idayu Mohd Yusof

GEORGE TOWN, Sept 29 (Bernama) -- Precious metal company Public Gold is planning to have 200 automated teller machines (ATMs) to dispense gold products by the end of 2025 to make it easier for people to buy physical gold.

Malaysia Will See Strongest LNG Production Growth In Short And Medium Term, Says BMI

KUALA LUMPUR, Sept 27 (Bernama) -- BMI, a unit of Fitch Solutions, expects Malaysia to see the strongest liquefied natural gas (LNG) production growth in the short and medium term when feed gas supplies from greenfield gas projects become available.

UEM Sunrise Achieves 100 Pct Take-up Rate For 3 Projects With RM499 Mln GDV

ISKANDAR PUTERI, Sept 26 (Bernama) -- UEM Sunrise Bhd achieved a take-up rate of 100 per cent during the preview of its developments -- Aspira Hills, DiReka Square, and Aspira LakeHomes -- with a combined gross development value (GDV) of RM499 million.

Nippon Kinzoku Introduces Welded Drawn Pipe Series

KUALA LUMPUR, Sept 24 (Bernama) -- Tokyo-based Nippon Kinzoku Co Ltd, a stainless steel rolling and processing provider for the automotive, battery, semiconductor and other markets, has commercialised “FINE PIPE”, a welded drawn pipe that surpasses “seamless pipe”.

KPK Proposes Revision Of WPL On Palm Oil; MOF Feedback Pending

PUTRAJAYA, Sept 23 (Bernama) -- The Plantation and Commodities Ministry (KPK) presented a proposal to the Ministry of Finance (MoF) last week to revise the windfall profit levy (WPL) on palm oil in the country.

Govt Needs To Address Gaps In National Grids To Foster Renewable Energy Production

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 23 (Bernama) -- The Malaysian government should allocate more resources to improve the national grid and substations, said Singapore's Asiarecs Pte Ltd.