BNM's International Reserves At US$117.6 Bln As Of Oct 30, 2024

KUALA LUMPUR, Nov 7 (Bernama) -- Malaysia's international reserves stood at US$117.6 billion (US$1 = RM4.40) as of Oct 30, 2024, compared to US$119.6 billion on Oct 15, 2024. 

Trump Presidency To Enhance Malaysia's Export Potential, FDI Inflows -- CIMB Securities

KUALA LUMPUR, Nov 7 (Bernama) -- Donald Trump’s re-election as the United States (US) President is expected to accelerate the China Plus One strategy, benefitting Malaysia through higher investments and enhanced export potential, particularly in sectors such as electronics, machinery, and palm oil. 

Ecoworld Malaysia Inks Deal To Acquire Land In Selangor For RM742.4 Mln

KUALA LUMPUR, Nov 7 (Bernama) -- Eco World Development Group Bhd (EcoWorld Malaysia) has announced that, following its participation in a request for proposal process initiated by Boustead Properties Bhd (BProp), it has inked several agreements to develop 10 parcels of freehold land in Selangor.  

Investment Inflows, Strong Business Confidence To Support Malaysia's GDP Growth For 2024, 2025

KUALA LUMPUR, Nov 7 (Bernama) -- An increase in investment inflows, improved tax collection relative to Gross Domestic Product (GDP), and a narrower fiscal deficit are positive catalysts expected to drive Malaysia's economy to grow between 5.0 per cent and 5.5 per cent in 2024 and 2025.

Gold Futures End Lower On Stronger US Dollar, Higher US Treasury Yields

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 6 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today, weighed down by the US dollar’s stronger performance and higher United States (US) Treasury yields, said an analyst.

Petronas Harnesses AI for Data-driven Investor Decisions In Malaysia’s E&P Sector

KUALA LUMPUR, Nov 6 (Bernama) -- Petronas, through Malaysia Petroleum Management (MPM), has partnered with Earth Science Analytics (ESA) and Amazon Web Services (AWS) to leverage advanced artificial intelligence (AI) and machine learning (ML) technologies to accelerate exploration efforts in the Malay Basin and enhance data capabilities of the Petronas myPROdata platform.

ATRC’s SteerAI Marks Establishment Of UAE As Autonomous Technology Leader 

KUALA LUMPUR, Nov 5 (Bernama) -- The Advanced Technology Research Council’s (ATRC) commercialisation arm, VentureOne, has launched SteerAI, which offers an advanced mobility system powered by artificial intelligence (AI) that can transform standard industrial vehicles into autonomous powerhouses.

KPK Drafts Initiatives To Transform Agricommodity Sector Into Technology-based Sector

KUALA LUMPUR, Nov 5 (Bernama) -- The Ministry of Plantation and Commodities (KPK) has drafted several initiatives to transform the agricommodity sector from labour-based to technology-based.

RM500 Mln To RM1.2 Bln Assets Under Management Expected From Family Office Scheme Within First 5 Years - Amir Hamzah

KUALA LUMPUR, Nov 5 (Bernama) -- The government estimates the range of assets under management (AUM) to be between RM500 million and RM1.2 billion within the first five years of implementing the family office scheme, targeting families from within the country, the region and abroad, such as from the Middle East.

IHH Completes Acquisition Of Island Hospital In Penang For Nearly RM4 Bln

KUALA LUMPUR, Nov 4 (Bernama) -- IHH Healthcare Bhd (IHH) has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of about RM3.9 billion.

Bina Puri Holdings Bags RM113.29 Mln Contract For Water Supply Project In Sarawak

KUALA LUMPUR, Nov 4 (Bernama) -- Bina Puri Holdings Bhd's (Bina Puri) wholly-owned subsidiary, Bina Puri Builder Sdn Bhd (BPB), has been awarded a RM113.29 million contract by Tokoh Ilham Sdn Bhd for a water supply project in Serian, Sarawak.

Steen Lomholt-Thomsen Joins NIQ As CCO To Focus On Global Growth, Client Strategy

KUALA LUMPUR, Nov 4 (Bernama) -- NielsenIQ (NIQ), the world’s leading consumer intelligence company, has appointed Steen Lomholt-Thomsen as its new Chief Commercial Officer (CCO), based in NIQ’s Geneva, Switzerland office, effective Nov 1.