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Ringgit Appreciates To Strongest Level Since October 2024

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 10 (Bernama) -- The ringgit extended its uptrend to close higher against the US dollar today, lifted by improved risk appetite and growing optimism over a possible resolution to the United States’ (US) government shutdown.

Bursa Malaysia Ends Higher As Strong Economic Data Lifts Investor Confidence

By Siti Noor Afera Abu

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia closed higher on Monday, supported by improving domestic and global economic data that reinforced investor confidence in Malaysia’s near-term growth outlook.

Bursa Malaysia In Positive Territory At Midday

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia was in positive territory at midday with strong buying support in heavyweight counters.

Bursa Malaysia Opens Higher On Buying Support

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia started the week on a high note with buying support on selected heavyweights and the ongoing strength in the ringgit should entice some inflow of funds into the domestic market despite a mixed performance on Wall Street. 

Malaysian Banking Sector Accelerates AI Adoption For Smarter, Ethical Compliance

KUALA LUMPUR, Nov 10 (Bernama) -- Malaysia’s banking industry is accelerating the use of artificial intelligence (AI) to strengthen compliance, risk management and fraud detection.

Malaysian Firms Eye Booming Chinese Halal Market Via MIHAS@Shanghai

By Amanina Mohamad Yusof

SHANGHAI, Nov 9 (Bernama) -- Malaysian companies are leveraging the Malaysia International Halal Showcase in Shanghai (MIHAS@Shanghai) to expand into China’s fast-growing halal market, tapping demand from one of the world’s largest Muslim consumer bases.

Perak Records RM6.25 Bln Investments Involving 203 Projects As Of June – MB

KUALA KANGSAR, Nov 9 (Bernama) -- The state of Perak recorded investments worth RM6.25 billion involving 203 projects as of June this year, potentially generating over 5,000 job opportunities, said Menteri Besar Datuk Seri Saarani Mohamad.

AITIGA Upgrade, Semiconductor Collaboration To Drive ASEAN-India Economic Ties -- Analyst

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 9 (Bernama) -- The upcoming upgrade of the ASEAN-India Trade in Goods Agreement (AITIGA) and expanding semiconductor collaboration with India are expected to shape the next phase of ASEAN-India economic ties, an analyst said.

Ringgit Likely To Remain Bullish Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 8 (Bernama) -- The ringgit is expected to remain bullish next week although there could be profit-taking activities due to the recent appreciation, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.

Ringgit Closes At 4.17 Against US Dollar -- Its Strongest Level This Year

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 7 (Bernama) -- The ringgit continued to rise against the US dollar at the close on Friday, touching the 4.17 level -- its strongest level so far this year -- driven by positive Malaysian economic data, steady Overnight Policy Rate (OPR) and weaker US economic data.

Westports, Maybank Islamic Eye China’s Growing Halal Market Worth US$217 Bln

From Amanina Mohamad Yusof

SHANGHAI, Nov 7 (Bernama) -- As Malaysia seeks a stronger role in global halal logistics, major port operator Westports Holdings Bhd is positioning itself to capitalise on China’s rapidly growing halal food and beverage market, projected to reach US$217.10 billion by 2034.(US$1 = RM4.18).

Ringgit Rises Near One-year High Vs US Dollar After BNM Holds OPR

KUALA LUMPUR, Nov 7 (Bernama) -- The ringgit opened higher against the US dollar on Friday, after Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) unchanged at 2.75 per cent, touching the 4.17 level.