Ringgit Strengthens Against US Dollar As Rising Oil Prices Lift Sentiment

KUALA LUMPUR, Dec 26 (Bernama) -- The ringgit finished stronger against the US dollar today, supported by rising oil prices which benefitted Malaysia as an oil exporter.

Ringgit Opens Slightly Higher vs Greenback

By Siti Noor Afera Abu

KUALA LUMPUR, Dec 26 (Bernama) -- The ringgit opened slightly higher against the US dollar on Thursday, supported by the yuan’s stabilisation after the People’s Bank of China decided against cutting rates earlier this week, a move seen as a positive signal.

MJets Air Buys A Freighter For US$4.6 Mln As Part Of Fleet Expansion Plan

KUALA LUMPUR, Dec 24 (Bernama) -- MJets Air Sdn Bhd, a subsidiary of MMAG Holdings Bhd (MMAG), has acquired a Boeing B737-400SF converted freighter for US$4.6 million (US$1=RM4.49) as part of its plan to expand its fleet to 13 aircraft by the end of 2025.

SME Sentiment Index Hits Record High In 2H 2024

KUALA LUMPUR, Dec 24 (Bernama) -- The small and medium enterprise (SME) sentiment index rose to 55.8 in the second half of 2024 (2H 2024), up from 54.7 in the first half (1H 2024), according to SME Bank Malaysia Bhd.

CPO Market To Trade In Yo-yo Mode next Week Amid Holiday, Production Concerns

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Dec 21 (Bernama) -- The crude palm oil (CPO) market is expected to experience yo-yo price movements next week due to a shortened trading week, said Interband Group of Companies senior palm oil trader Jim Teh.

Shopee Rai Lokal: Supporting Over 1.8 Mln Local Entrepreneurs, Driving Digital Growth

KUALA LUMPUR, Dec 20 (Bernama) --  Shopee Rai Lokal supported over 1.8 million local entrepreneurs alone this year, while 500,000 Shopee Affiliates drove over 90 million orders through targeted content creation via in-app features.

Ringgit Ends Marginally Lower Against Greenback Amid Upbeat US Data

By Abdul Hamid A Rahman

KUALA LUMPUR, Dec 20 (Bernama) -- The ringgit ended marginally lower against the US dollar on the final trading day of the week, pressured by a stronger greenback following upbeat US economic data that exceeded market expectations.

MRCB Issues Termination Notice For Teaming Agreement With Berjaya Regarding KL-SG HSR Project

KUALA LUMPUR, Dec 19 (Bernama) -- The Malaysian Resources Corporation Bhd (MRCB) has announced that it has issued a notice of termination to Berjaya Rail Sdn Bhd, ending their teaming agreement. 

Bursa Malaysia Ends Slightly Higher Despite Weak Market Breadth

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Dec 19 (Bernama) -- Malaysian equities ended the day mostly lower following a heavy sell-off on Wall Street overnight particularly in technology stocks, said an analyst.

Banking Sector Thriving In 2024, Sees Major Acquisitions

By Karina Imran

KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.

MRCB Withdraws From Berjaya-led Consortium For KL-SG HSR Project

KUALA LUMPUR, Dec 18 (Bernama) -- The Berjaya Corporation Bhd-led consortium, which participated in the request for information (RFI) exercise by MyHSR Corporation Sdn Bhd for the Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project, has announced that one of its partners has decided to withdraw. 

Bursa Malaysia Rebounds Amid Mixed Performances From Asian Markets

KUALA LUMPUR, Dec 18 (Bernama) -- Bursa Malaysia rebounded and closed higher due to buying support in selected heavyweights amid mixed performances from Asian markets.