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MIDA Partners MIER To Strengthen Malaysia’s Investment Climate

KUALA LUMPUR, Sept 19 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and the Malaysian Institute of Economic Research (MIER) have established a strategic partnership focused on enhancing Malaysia’s economic and investment climate through data-driven research, analysis, and collaboration.

Eco World 3Q Net Profit Rises To RM80.44 Mln

KUALA LUMPUR, Sept 19 (Bernama) -- Eco World Development Group Bhd’s net profit for the third quarter ended July 31, 2024 (3Q 2024) increased to RM80.44 million from RM66.33 million last year.

Malaysian REITs Witness Positive Growth In 2024 Despite Global Challenges - MRMA

KUALA LUMPUR, Sept 19 (Bernama) -- The Malaysian Real Estate Investment Trusts (M-REITs) have witnessed a positive uptrend despite the challenging global economic and geopolitical landscape this year, according to the Malaysian REIT Managers Association (MRMA).

61 Pct Malaysian Respondents Believe 2024 An Ideal Year To Launch Small Business - Herbalife

KUALA LUMPUR, Sept 19 (Bernama) -- Health and wellness company Herbalife Ltd, in its survey, revealed that 61 per cent of Malaysian respondents believe that 2024 is an ideal year to launch a small business. 

AirAsia Eyes Expansion In Eastern Indonesia With New Routes

From Soraya Jamal

BALI, Sept 19 (Bernama) -- AirAsia is planning to expand its network in Indonesia, particularly in East Nusa Tenggara, the southernmost province of the country, according to Capital A Bhd chief executive officer Tan Sri Tony Fernandes.

SDCG Optimistic On Growth Amid Lower Costs, Green Incentives

KUALA LUMPUR, Sept 19 (Bernama) -- Solar District Cooling Group Bhd (SDCG), a provider of building management systems (BMS), solar thermal systems, and energy-saving solutions, is optimistic about its business growth this year, driven by a positive outlook and lower costs.

AM Best Maintains Stable Outlook On China's Non-life Insurance Segment

KUALA LUMPUR, Sept 19 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on China’s non-life insurance segment, citing several factors that include a supportive regulatory environment, increased health insurance awareness and strong growth potential in the electric vehicle (EV) insurance market.

BNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global Conditions

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 19 (Bernama) -- Bank Negara Malaysia (BNM) is unlikely to move in direct lockstep with the US Federal Reserve’s (Fed) aggressive move which slashed interest rates by a half-point during its Federal Open Market Committee (FOMC) meeting yesterday.

Ringgit Opens Slightly Lower Against US Dollar, Rises Vs Other Major Currencies

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 19 (Bernama) -- The ringgit opened slightly lower against the greenback on a lack of buying interest despite a 50 basis points US interest rate cut decision by the US Federal Reserve (Fed).

MATRADE’s Virtual Sourcing Programme At MIHAS 2024 Achieves RM347 Mln In Sales

KUALA LUMPUR, Sept 18 (Bernama) -- The International Sourcing Programme (INSP) organised by the Malaysia External Trade Development Corporation (MATRADE) at the Malaysia International Halal Showcase (MIHAS) 2024 has been a success, with the virtual segment having achieved RM347 million in sales to date. 

ACE Market-bound Crest Group Aims To Raise RM45.75 Mln From IPO

KUALA LUMPUR, Sept 18 (Bernama) -- Crest Group Bhd, en route to its listing on the ACE Market of Bursa Malaysia, aims to raise RM45.75 million from its initial public offering (IPO).

Gentrification Of Islamic Finance - More Than Just Shariah Compliance 

LONDON, Sept 18 (Bernama) -- Modern-day Islamic finance began to gain a foothold in Malaysia in 1963 with the establishment of the Hajj Pilgrims Savings Corporation (now known as Lembaga Tabung Haji), which is central to the transformation of a Shariah-based financial system in Malaysia.