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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.

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. 

MMAG Aviation Consortium Gets Nod To Establish Leasing Business In Labuan

KUALA LUMPUR, Nov 1 (Bernama) -- MMAG Holdings Bhd's subsidiary MMAG Aviation Consortium Sdn Bhd (MAC) has received the Labuan Financial Services Authority’s (Labuan FSA) approval to establish a wholly-owned subsidiary in Labuan to carry on a leasing business.

Malaysia’s October Manufacturing PMI Flat At 49.5, New Orders Rising Since June -- S&P Global

KUALA LUMPUR, Nov 1 (Bernama) -- The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) was unchanged at 49.5 in October 2024, with new orders rising for the first time since June 2024.

 

Ringgit Edges Higher Against US Dollar At The Close

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 30 (Bernama) -- The ringgit edged higher at the close against the US dollar on Wednesday as traders and investors remain guarded ahead of a crucial week, said an analyst.

Petronas Introduces Two Initiatives To Bolster Oil And Gas Sector

KUALA LUMPUR, Oct 25 (Bernama) -- Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), aims to bolster the robustness of the local oil and gas sector with two new initiatives.

Rubber Market Ends Mixed In Tandem With Regional Futures

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 25 (Bernama) -- The Kuala Lumpur rubber market closed mixed on Friday, taking its cue from the mixed regional rubber futures markets, a dealer said.

NTIS Allocates RM80.84 Mln To Foster Innovative Solutions

SHAH ALAM, Oct 24 (Bernama) -- The National Technology and Innovation Sandbox (NTIS) allocated RM80.84 million in 100 project funding to foster the development of innovative solutions from July 2020 to December 2023.

Govt Outlines 11 Potential Sectors For Bumiputera Including HGHV Industries

KUALA LUMPUR, Oct 24 (Bernama) -- The government has outlined 11 potential sectors to be capitalised by the bumiputera community, including high-growth, high-value (HGHV) industries.

Fadillah Urges Multinationals To Partner With Local SMEs

KUALA LUMPUR, Oct 23 (Bernama) -- Deputy Prime Minister Datuk Seri Fadillah Yusof has encouraged multinational companies investing in Malaysia to collaborate with local small and medium enterprises (SMEs).

Xsolla Reaffirms Market Leadership With Over 400 Web Shops Launches

KUALA LUMPUR, Oct 23 (Bernama) -- Global video game commerce company Xsolla, has helped launch over 400 Web Shops, continuing to build on its success in the web shop industry with a comprehensive feature set.

Anwar: EXIM Bank, SME Bank, BPMB Merger Still Ongoing

KUALA LUMPUR, Oct 22 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the merger of Bank Pembangunan Malaysia Bhd, Exim Bank, and SME Bank is still in progress, and the focus on small and medium enterprises (SMEs) will continue.