RHB IB Lifts 2024 TIV Forecast To 790,000 Units

KUALA LUMPUR, Sept 19 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has raised its total industry volume (TIV) forecast for this year to 790,000 units, up from its previous estimate of 740,000 units.

Teledyne Launches 16k TDI Line Scan Camera With 1 Megahertz Line Rate

KUALA LUMPUR, Sept 19 (Bernama) -- Teledyne DALSA, a Teledyne Technologies company, has introduced the Linea HS2 TDI line scan camera family, representing a significant breakthrough in next generation time delay and integration (TDI) technology.

BNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global Conditions

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 19 (Bernama) -- Bank Negara Malaysia (BNM) is unlikely to move in direct lockstep with the US Federal Reserve’s (Fed) aggressive move which slashed interest rates by a half-point during its Federal Open Market Committee (FOMC) meeting yesterday.

Bursa Malaysia Slightly Higher In Early Trade

KUALA LUMPUR, Sept 19 (Bernama) -- Bursa Malaysia's benchmark index opened slightly higher despite a weaker Wall Street performance overnight as the US Federal Reserve cut interest rate by half a point.  

Ringgit Opens Slightly Lower Against US Dollar, Rises Vs Other Major Currencies

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 19 (Bernama) -- The ringgit opened slightly lower against the greenback on a lack of buying interest despite a 50 basis points US interest rate cut decision by the US Federal Reserve (Fed).

Submissions For Sarawak Digital Economy Awards 2024 Open Until Sept 23

KUCHING, Sept 18 (Bernama) -- The Sarawak State Government, through the Sarawak Multimedia Authority (SMA), is inviting entries for the Sarawak Digital Economy Awards (Sarawak DEA 2024), with submissions open until Sept 23, 2024.

CPO Futures Snap Three-day Losing Streak To End Higher

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 18 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a three-day losing streak to end higher on Wednesday as the market expects a resumption of vegetable oil demand from India for the upcoming festive season, said a trader. 

Capital A, PT Garuda Indonesia Invest US$12 Mln In JV To Revolutionise Landing Gear Services

From Soraya Jamal

BALI, Sept 18 (Bernama) -- Capital A Bhd’s subsidiary, Asia Digital Engineering Sdn Bhd (ADE), and PT Garuda Maintenance Facility Aero Asia Tbk (GMF) have entered a strategic partnership for a new landing gear maintenance, repair, and overhaul (MRO) business with a combined investment of US$12 million (US$1 = RM4.25).

Ringgit Maintains Uptrend Against US Dollar In Anticipation Of Fed Rate Cut

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Sept 18 (Bernama) -- The ringgit has been on a uptrend against the US dollar today, moving to its highest close since Feb 2, 2023 at the close of trading today.  

FBM KLCI Pares Loss At Close Amid Market Uncertainty Ahead Of Expected US Rate Cut

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 18 (Bernama)  -- Bursa Malaysia pared losses at the close on Wednesday but overall market sentiment remained weak as most traders remained on the sidelines ahead of an expected US interest rate cut later tonight.

Gentrification Of Islamic Finance - More Than Just Shariah Compliance 

LONDON, Sept 18 (Bernama) -- Modern-day Islamic finance began to gain a foothold in Malaysia in 1963 with the establishment of the Hajj Pilgrims Savings Corporation (now known as Lembaga Tabung Haji), which is central to the transformation of a Shariah-based financial system in Malaysia.

Insurers, Takaful Operators Must Expand Capacity, Bridge Protection Gaps - BNM Governor

KUALA LUMPUR, Sept 18 (Bernama) -- Insurers and takaful operators must expand their capacity and readiness to reduce critical protection gaps and strengthen financial safety nets, said Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour.