Ringgit Retreats After Five-day Rally Amid Mixed Fed Signals

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 30 (Bernama) -- The ringgit retreated against the US dollar at Thursday’s close after a five-day rally as traders and investors locked in profits amid mixed signals from the US Federal Reserve (Fed) on the pace of future interest rate cuts.

Neinor Homes Secures 140 Mln Euros In Share Placement Backed By Orion

KUALA LUMPUR, Oct 30 (Bernama) -- Neinor Homes has successfully raised 140 million euros through an accelerated bookbuild (ABB) offering, issuing over 8.9 million new shares at 15.73 euros per share. (1 Euro = RM4.85)

AM Best Assigns Excellent Credit Ratings To Indonesia’s Lippo General Insurance 

KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent), a long-term issuer credit rating of “a-” (Excellent) and the Indonesia National Scale Rating (NSR) of aaa.ID (Exceptional) to Indonesia’s PT Lippo General Insurance Tbk (LGI).

Ringgit Extends Gain For Seventh Day After US Rate Cut

 KUALA LUMPUR, Oct 29 (Bernama) -- The ringgit extended its gains for the seventh day on Thursday, opening higher against the US dollar, supported by the much-anticipated 25 basis points cut last night by the US Federal Reserve (US Fed), an analyst said.

PNB, EPF Reaffirm Commitment To Battersea Project, Says No Immediate Plan To Exit

KUALA LUMPUR, Oct 29 (Bernama) -- The Battersea project in London, United Kingdom, owned by a consortium led by Sime Darby Property Bhd and SP Setia Bhd, remains a key strategic investment for its shareholders, said Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF). 

BNM, US Treasury To Continue Close Consultations On Macroeconomic, FX Matters

KUALA LUMPUR, Oct 28 (Bernama) -- Bank Negara Malaysia (BNM) and the United States (US) Department of the Treasury have agreed to continue close consultations on macroeconomic and foreign exchange (FX) matters.

Cabotage Flexibility Could Ease Sabah's Shipping Costs

LABUAN, Oct 23 (Bernama) -- A time-bound exemption to Malaysia’s cabotage policy could help ease Sabah’s long-standing shipping imbalance and high logistics costs, drawing lessons from similar policy adjustments in the United Kingdom (UK) and Indonesia.

Appian, IFC Launch US$1 Bln Mining Fund For Emerging Markets

KUALA LUMPUR, Oct 21 (Bernama) -- Appian Capital Advisory Limited (Appian), the investment advisor to long-term value-focused private capital funds, has launched a critical minerals, metals and mining fund for emerging markets in partnership with International Finance Corporation (IFC), a member of the World Bank Group.

FBM KLCI Closes Higher As Bursa Plays Catch-up To Regional, Global Uptrend

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 21 (Bernama) -- Bursa Malaysia’s key index closed higher on Tuesday as the local bourse played catch-up to the regional and global uptrend a day after returning from the Deepavali break.

Sarawak's Rubber Industry Transformation Opens New Chapter In State's Commodity Sector

SIBU, Oct 21 (Bernama) -- The transformation of Sarawak's rubber industry through community and corporate collaboration will open a new chapter in strengthening the state's commodity sector, said Sarawak's Minister for Food Industry, Commodities and Regional Development, Datuk Seri Dr Stephen Rundi Utom.

Malaysia On Track To Turn Energy Transition Into ASEAN Economic Advantage — UEM Lestra

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 17 (Bernama) -- As the energy transition becomes a competitive necessity across the ASEAN region, Malaysia already has clear policies in place to turn it into an economic advantage with the focus now shifting towards execution, said UEM Lestra Bhd.

Batik Air To Launch Direct Flights From Penang To Medan And Singapore

GEORGE TOWN, Oct 17 (Bernama) -- Batik Air will introduce two new international routes connecting Medan and Singapore directly to Penang starting Dec 8, further boosting regional tourism and air connectivity.