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Ringgit Poised To See Profit-taking After Hitting Near Six-year High Vs Greenback

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 20 (Bernama) -- The ringgit is expected to experience profit-taking next week, hovering between RM4.07 and RM4.09 against the US dollar after hitting a near six-year high yesterday.

SumiSaujana To Expand Into Indonesia With Wet Gas Sulphuric Acid Facility 

From Zufazlin Baharuddin

JAKARTA, Dec 19 (Bernama) -- SumiSaujana Group Bhd (SumiSaujana) plans to expand its footprint into Indonesia after wholly owned subsidiary SumiSaujana TCM Chemicals Sdn Bhd (SSTCM) entered into a memorandum of understanding (MoU) to jointly explore the development of a wet gas sulphuric acid (WSA) facility at PT Kilang Pertamina Internasional’s (KPI) refinery units in Indonesia.

TNB: Stronger, Smarter Grid Driving Malaysia’s Clean Energy Transition

KUALA LUMPUR, Dec 19 (Bernama) -- Malaysia’s transition to clean energy will only succeed with a power grid that is stronger, smarter and capable of supporting significantly higher levels of renewable energy (RE), Tenaga Nasional Bhd (TNB) chief strategy and ventures officer Ir Dr Mohd Fadzil Mohd Siam said.

Ringgit Hits Near Six-Year High At 4.07 Vs Greenback

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 19 (Bernama) -- The ringgit strengthened to the 4.07 level against the US dollar at Friday’s close, its strongest in nearly six years, following softer-than-expected US inflation data.

Bursa Malaysia Hits Nearly 15-Month High On Improved Year-end Sentiment

By Danni Haizal Danial Donald

KUALA LUMPUR, Dec 19 (Bernama) -- Bursa Malaysia ended the week sharply higher, climbing to an almost 15-month high and surpassing its previous peak of 1,660.09 recorded on Sept 27, 2024, as domestic sentiment improved ahead of year-end portfolio flows.

Malaysia Defies Global Trade Tensions With Solid Growth - IMF

KUALA LUMPUR, Dec 19 (Bernama) -- Malaysia has shown notable resilience against global trade tensions and policy uncertainty with its economy growing at a healthy pace this year, supported by strong domestic consumption and investment, solid employment growth, and a global tech-sector upcycle.

SME Corp, Swansea University Sign MoU To Prepare SMEs For Global Markets

KUALA LUMPUR, Dec 19 (Bernama) -- SME Corporation Malaysia (SME Corp Malaysia) has formalised a long-term collaboration with the United Kingdom’s Swansea University through a Memorandum of Understanding (MoU) to bolster entrepreneurship development and assist Malaysian small and medium enterprises (SMEs) in their global expansion.

Bursa Malaysia Extends Upward Momentum At Midday

KUALA LUMPUR, Dec 19 (Bernama) -- Bursa Malaysia extended its upward momentum at midday today as continued buying activities in selected heavyweights -- led by financial counters -- further supported market sentiment, coupled with the firmer performance of regional peers.

500 Global Backs Morocco’s Startup Venture Building Programme

KUALA LUMPUR, Dec 19 (Bernama) -- Venture capital firm 500 Global announced it has been selected to support Morocco’s Startup Venture Building (VB) initiative, a flagship programme under the government’s Digital Morocco 2030 strategy, marking a further expansion of the firm’s footprint across Africa.

Senate Passes Tax Collection Measures Bill 2025

KUALA LUMPUR, Dec 18 (Bernama) -- The Senate today passed the Measures for the Collection, Administration and Enforcement of Tax Bill 2025 to strengthen the country’s taxation system. 

Ringgit Ends Higher Vs Greenback Ahead Of US Inflation Report

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 18 (Bernama) -- The ringgit closed marginally higher against the greenback on Thursday as market participants awaited the release of the US consumer price index (CPI) report later tonight.

Parliament 2025: Fiscal Discipline, Economic Reforms, Subsidy Retargeting Take Centre Stage

KUALA LUMPUR, Dec 18 (Bernama) -- The parliamentary sessions throughout 2025, involving the Dewan Rakyat and the Dewan Negara, saw economic debates focused on fiscal consolidation, structural reforms and efforts to address the cost of living for the people in an uncertain global economic environment.