Ringgit Ends Lower Vs US Dollar As External Factors Weigh

By Rosemarie Khoo

KUALA LUMPUR, Oct 22 (Bernama) -- The ringgit ended lower on Tuesday on the continued expectation of a slower pace of US interest rate cuts, China’s cooling economy and heightened geopolitical risks in the Middle East, said an analyst. 

Guan Eng : Raise Tax Threshold To Help Ease SMEs' Minimum Wage Burden

KUALA LUMPUR, Oct 22 (Bernama) -- The government is urged to assist small and medium enterprises (SMEs) by raising the taxable income threshold for the 15 per cent tax rate from RM150,000 to RM300,000, following the introduction of the new RM1,700 minimum wage.

TNB To See Continuous Stable Returns From Hydropower Plants Via HLEP -- RHB IB

KUALA LUMPUR, Oct 22 (Bernama) -- Tenaga Nasional Bhd (TNB) is expected to see continuous stable returns from its hydropower plants following the implementation of the Hydro Life Extension Programme (HLEP), according to RHB Investment Bank Bhd (RHB IB).

KPK Approves 3,599-hectare Land For Oil Palm Replanting Under TSPKS 2.0 As Of October

KUALA LUMPUR, Oct 22 (Bernama) -- The Ministry of Plantation and Commodities (KPK) has approved 3,599 hectares (ha) of land for oil palm replanting under the Oil Palm Smallholders Replanting Financing Incentive Programme (TSPKS 2.0) as of October 2024.

Exim Bank To Enhance Role In NIMP 2030, Boost Financing For Malaysian MSMES

KUALA LUMPUR, Oct 22 (Bernama) -- Export-Import Bank of Malaysia Bhd (EXIM Bank) is set to reinforce its role within the New Industrial Master Plan (NIMP 2030) ecosystem by providing financing to deserving Malaysian companies, including micro, small and medium enterprises (MSMEs).

Ringgit Opens Flat Vs US Dollar Amid Cautious Economic Sentiment

By Zarul Effendi Razali

KUALA LUMPUR, Oct 22 (Bernama) -- The ringgit opened nearly flat against the US dollar on Tuesday, as cautious sentiment surrounding the current economic outlook saw some investors turn to safe-haven assets, an economist said.

Ringgit Closes Flat Against US Dollar Amid Middle East Tensions

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 21 (Bernama) -- The ringgit closed almost flat against the US dollar on Monday as markets remained cautious about the geopolitical developments engulfing the Middle East, while the US Dollar Index (DXY) stayed well supported.

Bursa Malaysia Ends Easier On Weak Buying Interest 

By Karina Imran

KUALA LUMPUR, Oct 21 (Bernama) --  Bursa Malaysia moved in a tight range amid muted trading to close easier today, reflecting weak buying interest as investors paused to assess the details of Budget 2025, said an analyst. 

Malaysia And Singapore’s Credit Bureaux Support Bank Lending - Moody’s

KUALA LUMPUR, Oct 21 (Bernama) -- Malaysia and Singapore are the two countries in ASEAN with well-established credit bureaux which aggregate extensive data from various sources, supported by the high level of banking penetration in their economies, according to Moody’s.

Malaysia's Economy Expands 5.3 Pct In 3Q, Says DOSM Advance Estimates

KUALA LUMPUR, Oct 21 (Bernama) -- Department of Statistics Malaysia (DoSM) has reported that advance estimates indicate Malaysia's economy grew by 5.3 per cent in the third quarter (3Q) of 2024, following a robust 5.9 per cent growth in the preceding quarter.

Minimal Impact Of Minimum Wage, Foreign Worker Levy On Infrastructure Supply Chain -- Analysts

KUALA LUMPUR, Oct 21 (Bernama) -- CIMB Securities Sdn Bhd foresees minimal impact from the proposed hikes in minimum wages to RM1,700 and foreign worker levies on the local infrastructure supply chain.

Budget 2025 Adjustments In Export Tax Seen Helping Palm Oil Refining Industry Be More Competitive

KUALA LUMPUR, Oct 21 (Bernama) -- The adjustments in export tax under Budget 2025 will help the palm oil refining industry be more competitive, compared with Indonesia, according to Glenauk Economics.