Ringgit Strengthens Against US Dollar As Rising Oil Prices Lift Sentiment
KUALA LUMPUR, Dec 26 (Bernama) -- The ringgit finished stronger against the US dollar today, supported by rising oil prices which benefitted Malaysia as an oil exporter.
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Ringgit Opens Slightly Higher vs Greenback
By Siti Noor Afera Abu
KUALA LUMPUR, Dec 26 (Bernama) -- The ringgit opened slightly higher against the US dollar on Thursday, supported by the yuan’s stabilisation after the People’s Bank of China decided against cutting rates earlier this week, a move seen as a positive signal.
KLCC Holdings To Develop Land In Bandar Malaysia
KUALA LUMPUR, Dec 23 (Bernama) -- KLCC (Holdings) Sdn Bhd (KLCCH) has agreed with Bandar Malaysia Sdn Bhd and Bandar Malaysia Land Sdn Bhd to develop 196.67 hectares (ha) of land in Bandar Malaysia, the site of the former Royal Malaysian Air Force base in Sungai Besi.
Airbus, Rolls-royce Step In To Resolve Malaysia Airlines' Grounded A330neo
By Kisho Kumari Sucedaram
KUALA LUMPUR, Dec 23 (Bernama) -- Airbus has pledged full support to Malaysia Airlines as the carrier faces a 48-hour grounding of its new Airbus A330neo (new engine option), following its inaugural flight to Melbourne on Dec 19.
Malaysia Reaffirms Commitment To Strengthen ASEAN-GCC Ties
SUBANG, Dec 21 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed Malaysia’s commitment to strengthening ASEAN-Gulf Cooperation Council (GCC) ties, highlighting the importance of cohesive engagement between member states and ensuring ASEAN remains relevant in addressing global challenges.
CPO Futures Close Mostly Lower In Sync With Weaker Soybean Oil Prices
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Dec 19 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended mostly lower on Thursday in line with the weaker soybean oil performance on the Chicago Board of Trade (CBOT), said palm oil trader David Ng.
Banking Sector Thriving In 2024, Sees Major Acquisitions
By Karina Imran
KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.
5G Remains The Focus For Telco In 2024
By Anas Abu Hassan
KUALA LUMPUR, Dec 19 (Bernama) -- Malaysia's telecommunications industry has seen quite an eventful year in 2024 as the country progresses toward deploying its second 5G network.
BMI Forecasts Rising Global Natural Gas Demand In The Near Term
KUALA LUMPUR, Dec 6 (Bernama) -- BMI, a Fitch Solutions company, has forecast global natural gas consumption to rise in the near term as the Northern Hemisphere winter approaches, supported by strong demand for liquefied natural gas (LNG) across all markets.
Malaysia Can Emerge As Regional Focal Point For Multinational Firms In ASEAN - Economist
By Mikhail Raj Abdullah
KUALA LUMPUR, Dec 5 (Bernama) -- Malaysia can leverage its mature digital infrastructure and skilled workforce to become the focal point for regional headquarters of multinational companies (MNCs) and high-skilled services and manufacturing.
Global Passenger Demand Up 7.1 Pct In October 2024 - IATA
KUALA LUMPUR, Dec 4 (Bernama) -- Total global passenger demand, measured in revenue passenger kilometres, was up 7.1 per cent in October 2024 compared to the same month last year, said the International Air Transport Association (IATA).
CPO Futures End Higher, Seeking Support At RM5,000 Per Tonne
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Dec 3 (Bernama) -- Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, with the futures trying to find support at the RM5,000 a tonne level.