Targeted Diesel Subsidy Rationalisation Not Main Driver Of Rising Manufacturing Costs - MOF

KUALA LUMPUR, Nov 26 (Bernama) -- The Ministry of Finance (MoF) has emphasised that the targeted rationalisation of diesel subsidies starting in June 2024 is not the main cause of the rise in costs of goods in the manufacturing sector, which led to the decline in the Purchasing Managers’ Index (PMI) in July 2024.

Cambodia Is Now A Competitive Investment Destination In Asean, Says Hun Manet

PHNOM PENH, Nov 26 (Bernama) -- Cambodian Prime Minister Hun Manet today invited foreign investors to join the nation’s transformation process and assured the Kingdom is an exciting investment destination in ASEAN.

Reviving HSR Can Solidify Malaysia’s Leadership In Southeast Asia, Says Transportation Expert

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 26 (Bernama) -- Reviving the Kuala Lumpur-Singapore High-Speed Rail (HSR) presents Malaysia with a transformative opportunity to unlock the country’s full economic potential and reinforce its leadership in Southeast Asia, according to transportation think tank My Mobility Vision.

Malayan Cement's Net Profit Rises To RM139.44 Mln In 1Q FY2025

KUALA LUMPUR, Nov 26 (Bernama) -- Malayan Cement Bhd reported a higher net profit for the first quarter ended Sept 30, 2024 (1Q FY2025), increasing to RM139.44 million, compared to RM96.10 million in the same period in 2023.

PM Anwar’s Mission To Boost ASEAN Trade And Investment As Chair Of ASEAN

KUALA LUMPUR, Nov 26 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s mission is to enhance ASEAN trade and investment, which he believes are currently insufficient, as Malaysia prepares to assume the ASEAN chairmanship in 2025.

Bursa Malaysia Bucks Regional Trend To End Higher, Blue Chips Keep CI Above 1,600

KUALA LUMPUR, Nov 26 (Bernama) -- Bursa Malaysia bucked the mostly weaker regional market trend at the close today, with a stellar performance by heavyweights supporting the key index to stay above the psychologically 1,600 level.

ASEAN-BAC Malaysia Aims To Strengthen Regional Economic Ties As Malaysia Assumes ASEAN Chairmanship

KUALA LUMPUR, Nov 26 (Bernama) -- The ASEAN Business Advisory Council (ASEAN-BAC) Malaysia is committed to fostering closer economic ties within the region as it prepares to assume the chairmanship next year. 

Inaugural WIC Highlights Saudi’s Leadership In Global Investment Opportunities

KUALA LUMPUR, Nov 26 (Bernama) -- The 28th World Investment Conference (WIC) was officially launched today in Riyadh by Invest Saudi and the World Association of Investment Promotion Agencies (WAIPA).

IHH, Petronas Dagangan Keep FBM KLCI Above 1,600 Mark Amid Mixed Market

KUALA LUMPUR, Nov 26 (Bernama) -- IHH and Petronas Dagangan continued to support Bursa Malaysia’s main index above the 1,600 mark, amid selling in mid-cap stocks that led to a mixed market breadth.

Cuba Mulls Biotech, Pharma Partnership With Malaysia, Eyeing ASEAN Launchpad

KUALA LUMPUR, Nov 26 (Bernama) -- Cuba and Malaysia should forge deeper partnerships in biotechnology and pharmaceuticals, particularly in producing vaccines, including halal vaccines that would cater to the local demographics, Cuban Ambassador to Malaysia Florentino Batista Gonzalez said.

Malaysia's 2024 IPO Mania Continues, Leading The Regional Market – Rakuten Trade

KUALA LUMPUR, Nov 26 (Bernama) -- Malaysia is currently leading the region's initial public offering (IPO) market, with increasing participation from both institutional and retail investors, reflecting growing interest in capital markets.

Perak Has Potential To Be Good Contributor To National Economy - Rafizi

IPOH, Nov 25 (Bernama) -- Perak has good potential to be a contributor to the national economy compared to other states, Economic Affairs Minister Rafizi Ramli said.