RHB IB Maintains 'neutral' Recommendation On The Automotive Sector

KUALA LUMPUR 18 April (Bernama) -- RHB Investment Bank Bhd (RHB IB) has maintained a 'neutral' recommendation for the automotive and automotive components sector.

Ringgit Ends Lower Against Greenback Due To Tariff Concerns

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, March 27 (Bernama) -- The ringgit weakened against the US dollar today alongside other ASEAN currencies as traders and investors are anxious about the reciprocal tariffs to be imposed by the United States (US) government on April 2.

Ringgit Opens Slightly Higher Vs USD As Trump Tariff Talks Intensify

By Harizah Hanim Mohamed

KUALA LUMPUR, March 27 (Bernama) -- The ringgit traded marginally higher against the US dollar at the opening amidst intensifying market talks on the impact of the United States’ (US) tariff on the global economy, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.

Weaker Sales Seen For Malaysian Auto Sector In 2025

KUALA LUMPUR, March 21 (Bernama) -- The Malaysian automotive sector is expected to see weaker sales in 2025.

ASEAN To Introduce Standard EV Policy, To Be Announced During Summit

KUALA LUMPUR, March 20 (Bernama) -- ASEAN member states are working towards introducing a standard electric vehicle (EV) policy as part of efforts to strengthen regional sustainability initiatives and accelerate the transition to clean energy.

Malaysia Remains Committed To Facilitating New Investment - Tengku Zafrul

KUALA LUMPUR, March 13 (Bernama) -- Malaysia remains committed to facilitating new investments while addressing challenges arising from the geopolitical and geoeconomic landscape, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz. 

DRB-HICOM Posts Lower Net Profit Of RM22.55 Mln In FY2024

KUALA LUMPUR, Feb 27 (Bernama) -- DRB-HICOM Bhd posted a significantly lower net profit of RM22.55 million for the financial year ended Dec 31, 2024 (FY2024), compared to the RM238.88 million net profit recorded in FY2023.

TIV For Automotive Sector Down 40 Pct To 48,875 Units In January 2025 - MAA

KUALA LUMPUR, Feb 27 (Bernama) -- The total industry volume (TIV) in January 2025 declined by 40 per cent to 48,732 units compared with 81,735 units in December 2024, according to the Malaysian Automotive Association (MAA).

Petronas Dagangan's Shares Emerge As Top Gainer In Early Trade, Up 5.5 Pct

KUALA LUMPUR, Feb 21 (Bernama) -- Petronas Dagangan Bhd’s (PetDag) shares on Bursa Malaysia emerged as the top gainer in early trade, rising 5.5 per cent, after posting stronger results in the financial year ended Dec 31, 2024 (FY2024).

CIMB Securities Expects New Vehicle Sales To Fall 7 Pct To 760,000 Units In 2025

KUALA LUMPUR, Jan 31 (Bernama) -- The total industry volume (TIV) for new vehicle sales is expected to decline by seven per cent year-on-year to 760,000 units in 2025 from last year’s 816,674, said CIMB Securities Sdn Bhd.

Kenanga IB Maintains 805,000 TIV Forecast In 2025 On Forward Buying Interest

KUALA LUMPUR, Jan 28 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) has maintained its 2025 total industry volume (TIV) forecast of 805,000 units for the automotive industry, supported by forward buying interest following the deferment of new excise duty regulations.

Perodua, UTM Tie Up To Develop Next-generation Electric Vehicles

KUALA LUMPUR, Jan 20 (Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and Universiti Teknologi Malaysia (UTM) have signed a memorandum of understanding (MoU) to collaborate on the development of next-generation electric vehicles (xEV).