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25,000 Visitors Expected At Melaka International Halal Festival 2024

MELAKA, Nov 2 (Bernama) -- About 25,000 visitors are expected at the Melaka International Halal Festival 2024 (MIHF24), taking place at the Melaka International Trade Centre (MITC) from Dec 20 for three days.

Ukraine Seeks Malaysia As ASEAN Gateway For UAV Partnerships

KUALA LUMPUR, Nov 2 (Bernama) -- Ukraine views Malaysia as a key entry point for expanding collaborations in the ASEAN region's unmanned aerial vehicle (UAV) and drone sectors, said Ukraine’s deputy economy minister, Taras Kachka.

Rubber Market Likely To Trade Within Range Next Week

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 2 (Bernama) -- The local rubber market is expected to trade range-bound, with re-stocking activities balancing prices and demand amid subdued, coupled with uncertain market sentiment, said industry expert Denis Low.

 

CPO Futures To See Profit-taking Next Week Amid Bullish Rally

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 2 (Bernama) -- The crude palm oil (CPO) futures market is expected to see profit-taking next week following a bullish rally, driven by aggressive buying from hedge funds, said Interband Group of Companies senior palm oil trader Jim Teh.

 

Volatile Trade Expected For FBM KLCI Futures Next Week

By NurulJannah Kamaruddin

KUALA LUMPUR, Nov 2 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade in volatile mode next week ahead of the United States (US) Presidential election.

Plantation Rally, FOMC Rate Cut To Balance Volatility Ahead Of US Election Results 

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Nov 2 (Bernama) -- Expectations of continued interest in plantation stocks amid rising crude palm oil price and the US Federal Reserve (Fed) rate cut are set to counterbalance potential election-related fluctuations, stabilising Bursa Malaysia’s performance next week.

Gold Futures Likely To Be Cautious Due To US Presidential Election

KUALA LUMPUR, Nov 2 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives is likely to be on cautious trading mode as investors are expected to adopt a wait-and-see stance prior to the US presidential election on Nov 5, said dealers. 

Cautious Tone Expected For Ringgit Versus US Dollar Trading Next Week

By Siti Radziah Hamzah

KUALA LUMPUR, Nov 2 (Bernama) -- The ringgit is likely to trade on a cautious tone next week ahead of the US Presidential election on Nov 5, said an analyst.

IMF Sees Robust 4.6 Pct growth For ASEAN In 2024, Revises Upward Malaysia's GDP Growth Forecast

KUALA LUMPUR, Nov 1 (Bernama) -- Growth for countries in ASEAN is forecast to be at a robust 4.6 per cent this year and 4.7 per cent in 2025, largely supported by strong domestic demand and exports, the International Monetary Fund (IMF) said on Friday.

CPO Futures Hit Fresh 2-year High For Third Consecutive Day

KUALA LUMPUR, Nov 1 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Friday, reaching a fresh two-year high for the third consecutive day at above RM4,800 per tonne, amid rising crude oil prices, said palm oil trader David Ng.

Gold Futures Retreat At Close On Profit-Taking

By Siti Radziah Hamzah

KUALA LUMPUR, Nov 1 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives retreated at close on Friday as investors booked profits ahead of the US Presidential election next week, said an analyst. 

SD Guthrie Lifts FBM KLCI To End Above Key 1,600 Support Level

By NurulJannah Kamaruddin

KUALA LUMPUR, Nov 1 (Bernama) -- A rally in plantation stock, SD Guthrie, propelled by a jump in crude palm oil (CPO) price to a fresh 28-month high today, lifted Bursa Malaysia’s barometer index to breach above the key psychological support level of 1,600 on Friday.