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FBM KLCI Pares Loss At Close Amid Market Uncertainty Ahead Of Expected US Rate Cut

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 18 (Bernama)  -- Bursa Malaysia pared losses at the close on Wednesday but overall market sentiment remained weak as most traders remained on the sidelines ahead of an expected US interest rate cut later tonight.

Insurers, Takaful Operators Must Expand Capacity, Bridge Protection Gaps - BNM Governor

KUALA LUMPUR, Sept 18 (Bernama) -- Insurers and takaful operators must expand their capacity and readiness to reduce critical protection gaps and strengthen financial safety nets, said Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour.

Budget 2025: BIMB Securities Expects Malaysia's Fiscal Deficit To Be Lower At 3.5 Pct

KUALA LUMPUR, Sept 18 (Bernama) -- BIMB Securities Sdn Bhd foresees a lower fiscal deficit of 3.5 per cent in line with the 12th Malaysia Plan Mid-term Review (12MP MTR) for Budget 2025. 

Malaysia-Brazil To Collaborate, Tap US$3 Trillion Global Halal Market - Deputy Minister

KUALA LUMPUR, Sept 17 (Bernama) -- Malaysia and Brazil will enhance collaboration to tap the extensive global halal market which is anticipated to generate US$3 trillion (US$1=RM4.253) next year, said Agriculture and Food Security Deputy Minister Datuk Arthur Joseph Kurup.

Perak Aims To Become Major Global Halal Gelatine Industry Player

IPOH, Sept 17 (Bernama) -- The Perak state government, through the Perak State Agricultural Development Corporation (Perak SADC), has signed a joint venture (JV) agreement with Pakistani halal gelatine manufacturer Leiner Gelatine Sdn Bhd to grow the state’s halal gelatine industry.

FBM KLCI Rises As Investors Chase Glove Counters Amid Expectation For Outsized US Rate Cut

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 17 (Bernama) -- Bursa Malaysia ended Tuesday’s trading higher, in line with global shares as hopes rise for an outsized US interest rate cut with investors chasing glove counters on news that the United States will finalise tariffs on Chinese goods, including medical gloves, this month.

Malaysia’s ASEAN Chairmanship To Enhance Trade With ASEAN Plus : MATRADE

KUALA LUMPUR, Sept 17 (Bernama) -- Malaysia’s ASEAN chairmanship next year presents an excellent opportunity for the country to expand and strengthen trade relations, not only with ASEAN members but also with neighbouring ASEAN Plus countries, according to the Malaysia External Trade Development Corporation (MATRADE).

Jingxi City Enhances Processing Industry To Spur Local Economic Growth 

KUALA LUMPUR, Sept 17 (Bernama) -- The first shipment of locally processed salt-baked cashews from Jingxi City, Guangxi, was exported to Kazakhstan recently, marking a new breakthrough for the city's processing industry. 

MIHAS To Make Dubai Global Debut In November, Targets Rm1 Bln Sales — Tengku Zafrul

KUALA LUMPUR, Sept 17 (Bernama) — The Nov 18-20 Malaysia International Halal Showcase (MIHAS) will make its international debut at MIHAS@Dubai with an export sales target of RM1 billion.

Akur8 Raises US$120 Mln To Boost Next Generation Actuarial Platform Growth

KUALA LUMPUR, Sept 17 (Bernama) -- Akur8, the machine learning-powered insurance pricing and reserving platform, has secured US$120 million in series C funding, which will significantly bolster the company’s ability to expand its product portfolio and fuel its growth in key global markets.

Bursa Malaysia Maintains Uptrend At Mid-morning, Glove Counters Among Top Gainers

KUALA LUMPUR, Sept 17 (Bernama) -- Trading on Bursa Malaysia continued to build up its momentum at mid-morning with glove counters dominating the gainers’ list.  

Penang State Govt To Continue To Attract Investors

GEORGE TOWN, Sept 16 (Bernama) -- The Penang State Government will continue to promote the state’s industrial sector to attract investors to set up factories in Batu Kawan Industrial Park 3 (BKIP 3) and Casia City Technology Park (BCTP) in Batu Kawan near here.