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AHB Announces 5.00 Sen Income Distribution For Full-Year 2024

KUALA LUMPUR, Oct 9 (Bernama) -- Amanah Hartanah Bumiputera (AHB) has set its final income distribution for the six-month period ended Sept 30, 2024 at 2.50 sen per unit, bringing the total distribution to five sen per unit for the full year of 2024.

Youth Hoping For Increase In PTPK Fund, Early Childhood Education Centers In 2025 Budget

By Afifitri Muhammad

KUALA LUMPUR, Oct 9 (Bernama) -- An increase in the Skill Development Fund Corporation (PTPK) and a rise in the number of government-supervised early childhood education centres are among the key expectations of the youth in the country for Budget 2025 to be tabled in Parliament this Oct 18.

Budget 2025: MPOB Calls On Govt To Assist Planters In Rejuvenating Unproductive Oil Palm Trees

KUALA LUMPUR, Oct 9 (Bernama) -- The Malaysian Palm Oil Board (MPOB) hopes the government will assist planters in accelerating replanting activities to rejuvenate unproductive and ageing oil palm trees in Budget 2025, thus enhancing the sector’s productivity.

Ringgit Opens Slightly Higher As Investors Focus On US Rate Cut Pace

KUALA LUMPUR, Oct 9 (Bernama) -- The ringgit opened slightly higher against the US dollar as investors shifted their attention to the extent and timing of anticipated US interest rate cuts, confident that monetary easing will persist, said an economist.

ASEAN MSMEs Should Benefit From Digital Economy Framework Agreement

From Sharifah Hunaini Syed Ismail

VIENTIANE, Oct 8 (Bernama) -- ASEAN micro, small and medium enterprises (MSMEs) should benefit from the US$2 trillion expected economic value generated from the Digital Economy Framework Agreement (DEFA) by 2030.

Gold Futures End Easier Ahead Of FOMC Meeting

KUALA LUMPUR, Oct 8 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Tuesday, mirroring global gold market weaknesses ahead of the United States Federal Open Market Committee (FOMC) meeting on Wednesday. 

BYD Appoints Sime Darby Auto Imports As Importer, BYD Malaysia As Denza Distributor

KUALA LUMPUR, Oct 8 (Bernama) -- BYD Auto Industry Co Ltd has appointed Sime Darby Auto Imports Sdn Bhd as the official importer, and BYD Malaysia Sdn Bhd as the official distributor for Denza, a premium sub-brand by BYD, in Malaysia. 

Amir Hamzah: Malaysia's 2024 GDP On Track To Surpass National Target

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Oct 8 (Bernama) -- Malaysia is poised to exceed its national growth target in 2024 on the back of sound fiscal policies and an ongoing commitment to reforms under the MADANI economic framework, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

PIAM Appoints Chua Kim Soon As CEO Effective Oct 7

KUALA LUMPUR, Oct 8 (Bernama) -- The General Insurance Association of Malaysia (PIAM) has appointed Chua Kim Soon as its new chief executive officer, succeeding Julie Lean Gim Chong, effective Oct 7, 2024.

ASEAN Govts Need To Ensure Power Grid Interconnection Becomes A Reality - Sarawak Energy

KUALA LUMPUR, Oct 8 (Bernama) -- ASEAN governments need to ensure that the interconnection of their power grids becomes a reality as there will be no energy transition without the interconnectivity in this region, said Sarawak Energy Bhd group chief executive officer Datuk Sharbini Suhaili. 

 

Ringgit Down Amid Rising US Yields, Uncertainty Over Rate Cuts

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 8 (Bernama) --The ringgit closed slightly lower against the US dollar, as the sharp increase in US Treasury yields stoked caution among traders and markets regarding the likelihood of future US rate cuts.

Media Prima Clarifies: Syed Mokhtar-linked Aurora Still Holds 31.9 Pct Stake In The Company

KUALA LUMPUR, Oct 8 (Bernama) -- Media Prima Bhd has clarified that tycoon Tan Sri Syed Mokhtar Albukhary-linked Aurora Mulia Sdn Bhd still holds 31.90 per cent stake or 353.81 million shares in the company.