Bursa Malaysia Opens Higher On Strong Wall Street Cue

By Abdul Hamid A Rahman

KUALA LUMPUR, April 15 (Bernama) -- Bursa Malaysia opened higher today, lifted by positive sentiment following Wall Street’s strong overnight performance.

Bursa Malaysia Pares Earlier Losses To End Marginally Lower

KUALA LUMPUR, April 11 (Bernama) --  The FTSE Bursa Malaysia KLCI (FBM KLCI) slipped into negative territory today to end the week on a subdued note, weighed down by selling in banking blue chips as investors continued to assess the global trade outlook.

Reach Ten To Raise RM104 Mln From IPO To Expand Telecom Infrastructure

KUALA LUMPUR, April 9 (Bernama) -- Sarawak-based telecommunications provider Reach Ten Holdings Bhd is set to raise RM104 million through its initial public offering (IPO) ahead of its planned Main Market listing on May 2, 2025.

Ringgit To Remain Defensive Against US Dollar At 4.42-4.45 -- Kenanga IB

KUALA LUMPUR, April 4 (Bernama) -- The ringgit is expected to remain defensive versus the US dollar, trading at a range of 4.42-4.45, barring surprises, said Kenanga Investment Bank Bhd (Kenanga IB). 

AM Best Affirms "A" Rating For Hong Kong's CMB Wing Lung Insurance

KUALA LUMPUR, April 4 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) for Hong Kong’s CMB Wing Lung Insurance Company Ltd (CMBWLI), with a stable outlook.

Trump Announces Tariffs On All Countries, Including Malaysia At 24 Pct

KUALA LUMPUR, April 3 (Bernama) --  President Donald Trump announced yesterday that the United States (US) would introduce a baseline tariff of 10 per cent on all countries and higher duties on some countries, including Malaysia at 24 per cent.

AM Best Affirms Strong Credit Ratings For Taiwan's Nan Shan General

KUALA LUMPUR, April 2 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) for Taiwan’s Nan Shan General Insurance Co Ltd (Nan Shan General), with a stable outlook.

ASNB Declares Income Distribution Payout Of RM2.18 Bln For FY2025

KUALA LUMPUR, March 27 -- Permodalan Nasional Bhd’s (PNB) wholly owned unit trust management company, Amanah Saham Nasional Bhd (ASNB), distributed a total income distribution payout of RM2.18 billion for the financial year ending March 31, 2025 (FY2025).

Dewan Negara Passes Supplementary Supply Bill (2024) 2025

KUALA LUMPUR, March 24 (Bernama) -- The Dewan Negara today passed the Supplementary Supply Bill (2024) 2025 authorising additional expenditure of RM20.19 billion from the Consolidated Fund for government services.

Malaysia's Aviation On Solid Foundation For Expansion On Back Of 'Total Regional Recovery' - PM Anwar

PUTRAJAYA, March 21 (Bernama) -- Malaysia’s aviation industry is set to recover and establish a solid foundation for continued growth and expansion, in line with the total recovery in the region’s airline sector.

Capital Market Rises To RM4.2 Trillion In 2024 On Strong Equity, Bond Markets - SC

KUALA LUMPUR, March 20 (Bernama) -- Strong buying interest in the local bourse, followed by a slew of initial public offerings (IPOs) and growth in total outstanding for the bond and sukuk market has resulted in an increase in the size of the capital market by 9.7 per cent to RM4.2 trillion in 2024 from RM3.8 trillion in 2023.

Ringgit Rises Despite Firmer DXY, Outperforms Other Currencies

KUALA LUMPUR, March 13 (Bernama) -- The ringgit strengthened against the US dollar in early Thursday dealings, supported by improved buying sentiment for the domestic currency despite a firmer US Dollar Index (DXY).