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Sabah To Prioritise Investor-friendly Entrepreneurial Ecosystem - Ewon

KOTA KINABALU, Dec 3 (Bernama) -- Sabah Deputy Chief Minister III Datuk Ewon Benedick has pledged to strengthen Sabah’s entrepreneurial ecosystem to make it more investor-friendly, competitive and capable of raising the standards of local products.

Bursa Malaysia Snaps Two-day Rally On Profit-taking

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 3 (Bernama) -- Bursa Malaysia snapped its two-day rally to close lower today, as investors engaged in profit-taking amid a more cautious trading tone, mirroring the mostly downbeat performance of regional peers.

MIDA Welcomes Tengku Zafrul's Appointment As Chairman

KUALA LUMPUR, Dec 3 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has welcomed the appointment of Tengku Datuk Seri Zafrul Abdul Aziz as its new chairman with immediate effect. 

Bursa Malaysia Slips At Midday On Selective Profit-taking

KUALA LUMPUR, Dec 3 (Bernama) -- Bursa Malaysia slipped in morning trade on profit-taking in selected heavyweights, led by financial services, industrial products and services, and telecommunications and media sectors.

Ringgit Opens Marginally Higher Against Greenback

KUALA LUMPUR, Dec 3 (Bernama) -- The ringgit opened marginally higher against the US dollar on Wednesday as traders opted for a wait-and-see mode ahead of the US Federal Open Market Committee (FOMC) meeting where an interest rate cut is highly anticipated, said an economist.

Ringgit A Tad Higher As Soft US Data Strengthens US Rate Cut Expectations

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Dec 2 (Bernama) -- The ringgit ended marginally higher against the greenback on Tuesday as weaker-than-expected US manufacturing data strengthened expectations of a cut in US interest rates next week.

Bursa Malaysia Ends Higher On Improved Regional Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, Dec 2 (Bernama) -- Bursa Malaysia’s key index sustained its uptrend but closed off its intraday high as investor sentiment continued to improve amid broad gains across major Asian markets, said an analyst.

Malaysia’s PMI Rises As November New Orders Hit Three-Year High

KUALA LUMPUR, Dec 2 (Bernama) -- Malaysia’s manufacturing sector Purchasing Managers’ Index (PMI) rose to 50.1 in November versus 49.5 in October, supported by a surge in new orders that reached their highest level in more than three years, said MBSB Investment Bank Bhd (MBSB IB).

Govt Committed To RON95 Targeted Subsidy, Rejects World Bank Proposal - Anwar

KUALA LUMPUR, Dec 2 (Bernama) -- The government remains committed to the targeted subsidy approach for RON95 petrol under the BUDI MADANI RON95 (BUDI95) programme and rejects the World Bank’s proposal to raise it to market price, said Prime Minister Datuk Seri Anwar Ibrahim.

Kioxia Unveils AI Image Recognition Tech To Streamline Logistics Workflows

KUALA LUMPUR, Dec 2 (Bernama) -- Kioxia Corporation announced the development of an artificial intelligence (AI)-driven image recognition technology that automatically identifies products within logistics operations, created in collaboration with Tsubakimoto Chain Co (Tsubakimoto Chain) and EAGLYS Inc (EAGLYS).

Govt Committed To RON95 Targeted Subsidy, Rejects World Bank Proposal - Anwar

KUALA LUMPUR, Dec 2 (Bernama) -- The government remains committed to the targeted subsidy approach for RON95 petrol under the BUDI MADANI RON95 (BUDI95) programme and rejects the World Bank’s proposal to raise it to market price, said Prime Minister Datuk Seri Anwar Ibrahim.

Bursa Malaysia In Positive Territory At Midday

KUALA LUMPUR, Dec 2 (Bernama) -- Bursa Malaysia ended the morning session higher today, supported by the strengthening ringgit amid improving investor sentiment.