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Bursa Opens Softer As Investors Eye 13MP, Fed Signals Pause

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia opened slightly lower on Thursday as investors remained cautious ahead of the 13th Malaysia Plan (13MP) announcement later today, and after the United States Federal Reserve (Fed) signalled a prolonged pause in interest rate cuts.

Scrapping High-Value Goods Tax Will Not Affect RM700 Mln Revenue Target – Economist

By Niam Seet Wei

KUALA LUMPUR, July 30 (Bernama) -- The government’s decision to halt the proposed high-value goods tax (HVGT), formerly known as the luxury goods tax, will not affect the RM700 million tax revenue expected from its implementation, said an economist.

Ringgit Opens Little Changed Against US Dollar Ahead Of FOMC Decision 

KUALA LUMPUR, July 30 (Bernama) -- The ringgit was little changed against the US dollar on Wednesday morning as traders adopted a wait-and-see approach ahead of the Federal Open Market Committee (FOMC) meeting, which will be unfolding tonight, said an analyst. 

Malaysia's Real GDP Growth Forecast Raised To 4.5 Pct In 2025, 4.0 Pct In 2026 -- IMF

KUALA LUMPUR, July 29 (Bernama) -- The International Monetary Fund (IMF) has raised its forecast for Malaysia's real gross domestic product (GDP) growth to 4.5 per cent in 2025 and 4.0 per cent in 2026. 

IMF Upgrades Global Growth Forecast In Latest Outlook

KUALA LUMPUR, July 29 (Bernama) -- Global economic growth is projected to reach 3.0 per cent in 2025 and 3.1 per cent in 2026, above the reference forecast in the April 2025 World Economic Outlook (WEO), according to the International Monetary Fund’s (IMF) July 2025 WEO update, released today.

Late Selling Drags Bursa Malaysia To End At Intraday Low Ahead Of 13MP, FOMC Announcements

By Danni Haizal Danial Donald

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia ended at its intraday low today, pressured by late selling as investors positioned themselves ahead of the 13th Malaysia Plan (13MP) announcement on Thursday.

Bursa Malaysia Maintains Pre-tax Profit Projection For FY2025 - CEO

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia Bhd is maintaining its pre-tax profit (PBT) target of between RM369 million and RM408 million for the financial year ending Dec 31, 2025 (FY2025). 

Ringgit Opens Higher On Easing Trade Tensions 

KUALA LUMPUR, July 29 (Bernama) -- The ringgit opened higher on Tuesday against the US dollar and other major and regional currencies, supported by easing global trade tensions that lifted investor sentiment, an analyst said.

AM Best Affirms South Korea’s Hanwha General Insurance Credit Ratings

KUALA LUMPUR, July 28 (Bernama) -- Global credit rating agency, AM Best has affirmed South Korea’s Hanwha General Insurance Company Limited (HGI) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.

Paydibs Named Direct FPX Acquirer By PayNet

KUALA LUMPUR, July 28 (Bernama) -- Paydibs, a homegrown digital payments provider, has been officially onboarded as a direct third-party acquirer for the financial process exchange (FPX) by Payments Network Malaysia Sdn Bhd (PayNet), making it one of only 10 non-bank acquirers directly connected to PayNet’s FPX infrastructure.

Gold Futures Forecast To Trade Range-bound Next Week

KUALA LUMPUR, July 26 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade in a narrow range next week, tracking United States (US) COMEX gold amid the potential finalisation of US trade agreements with the European Union (EU) and Asia-Pacific countries, said an analyst.

Short-Term Interbank Rates Close Steady On BNM Operations

KUALA LUMPUR, July 25 (Bernama) -- Short-term interbank rates ended steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.