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Kenaf Industry Seeks Greater Govt Support To Boost Growth -- Chan

CYBERJAYA, Sept 19 (Bernama) -- The kenaf industry needs more government support to accelerate its growth and attract more smallholders to engage in its cultivation, which could significantly contribute to the national economy, according to Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

SDCG Optimistic On Growth Amid Lower Costs, Green Incentives

KUALA LUMPUR, Sept 19 (Bernama) -- Solar District Cooling Group Bhd (SDCG), a provider of building management systems (BMS), solar thermal systems, and energy-saving solutions, is optimistic about its business growth this year, driven by a positive outlook and lower costs.

Guangdong Province Gears Up For 136th Canton Fair Next Month

KUALA LUMPUR, Sept 19 (Bernama) -- Guangdong Province, a hub for international trade, is once again at the forefront of China’s efforts to open up as the 136th Canton Fair prepares to welcome global visitors from Oct 15 to Nov 4.

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).

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. 

HDC Studies New Incentives To Boost Foreign Investments In Halal Industry

KUALA LUMPUR, Sept 18 (Bernama) -- The Halal Development Corporation (HDC), in collaboration with the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), is studying and formulating new incentives to boost foreign investment in the halal industry.

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.  

MATRADE’s Virtual Sourcing Programme At MIHAS 2024 Achieves RM347 Mln In Sales

KUALA LUMPUR, Sept 18 (Bernama) -- The International Sourcing Programme (INSP) organised by the Malaysia External Trade Development Corporation (MATRADE) at the Malaysia International Halal Showcase (MIHAS) 2024 has been a success, with the virtual segment having achieved RM347 million in sales to date. 

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.

Rubber Market Ends Mixed In Tandem With Regional Futures

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 18 (Bernama) -- The Kuala Lumpur rubber market closed mixed on Wednesday in tandem with regional rubber futures markets as strong United States (US) economic data weakened prospects of an aggressive US interest rate cut, said a dealer.