13MP To Focus On State-Federal Collaboration To Bridge Socio-economic, Development Gaps

SHAH ALAM, Oct 1 (Bernama) -- The 13th Malaysia Plan (13MP) will focus on collaborative efforts between states and federal governments to bridge the socio-economic and development gaps according to states and regions, said the Minister of Economy Rafizi Ramli.

Third Sector In Islamic Finance Can Play Significant Role In Sutainable, Equitable Development - Fadillah

PUTRAJAYA, Oct 1 (Bernama) -- The government views third sector organisations in Islamic finance, including zakat (tithe), waqf, and infaq institutions, as having a significant role in ensuring sustainable and equitable economic development in the country, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

BNM Penalises Agrobank For Development Financial Institutions Act Non-compliance

KUALA LUMPUR, Oct 1 (Bernama) -- Bank Negara Malaysia (BNM) had imposed an Administrative Monetary Penalty (AMP) of RM660,000 on Bank Pertanian Malaysia Berhad (Agrobank) for non-compliance with the Development Financial Institutions Act 2002 (DFIA).

Ringgit Retreats On Profit-taking As Hopes For Another Oversized US Interest Rate Cut Fade

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 1 (Bernama) --The ringgit closed lower against the US dollar on Tuesday on profit-taking after recent sharp gains, in line with other regional currencies, as the United States signalled a lower interest rate cut going forward.

FBM KLCI Futures Close Higher

KUALA LUMPUR, Oct 1 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended higher today.

Petronas inks Five-year Gas Sales Agreement To Ensure Secure Energy Supply For Sabah And Labuan

KUALA LUMPUR, Oct 1 (Bernama) -- Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), will supply gas to Sabah Electricity Sdn Bhd (SESB) for power generation in Sabah and Labuan.

CIMB Partners With CGC To Offer Additional RM1.5 Bln Financing For SMEs

KUALA LUMPUR, Oct 1 (Bernama) -- CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB Bank) have partnered with Credit Guarantee Corporation Malaysia Bhd (CGC) to offer an additional RM1.5 billion in financing through a portfolio guarantee scheme for small and medium-sized enterprises (SMEs).

Tokyo Game Show 2024 Attracts Over 274,000 Participants

KUALA LUMPUR, Oct 1 (Bernama) -- The Tokyo Game Show (TGS 2024), held from Sept 26-29 at Makuhari Messe in Chiba, Japan, attracted 274,739 participants, up from 243,238 in 2023.

Bursa Malaysia Closes Higher On Bargain Hunting, CI Up 0.45 Pct

By Zarul Effendi Razali

KUALA LUMPUR, Oct 1 (Bernama) -- Bursa Malaysia rebounded from yesterday’s losses to close higher today, buoyed by bargain hunting after three consecutive days of sell-off, an analyst said.

Govt Duly Considers All Infrastructure Development Applications - Lim

BATU PAHAT, Oct 1 (Bernama) -- The government takes into careful consideration every application for infrastructure development funding in budget planning and policy implementation, said Deputy Finance Minister Lim Hui Ying.

MITI Commits To Sustainable Markets And Net-zero Pathway

KUALA LUMPUR, Oct 1 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) will ensure industry access to sustainable markets, while improving resource efficiency, strengthening governance and supporting the country's net-zero target.

Stronger Ringgit Boosts Consumer, REITs And Plantation Sectors On Bursa Malaysia

KUALA LUMPUR, Oct 1 (Bernama) -- Consumer counters are poised to benefit from lower costs of raw material imports and improved margins as the ringgit continues to strengthen, according to Bursa Malaysia Bhd.