Bursa Malaysia In See-saw Trade In Early Session

KUALA LUMPUR, Nov 27 (Bernama) -- Bursa Malaysia see-sawed during the early session, with the main index swinging between gains and losses. 

Targeted Diesel Subsidy Rationalisation Not Main Driver Of Rising Manufacturing Costs - MOF

KUALA LUMPUR, Nov 26 (Bernama) -- The Ministry of Finance (MoF) has emphasised that the targeted rationalisation of diesel subsidies starting in June 2024 is not the main cause of the rise in costs of goods in the manufacturing sector, which led to the decline in the Purchasing Managers’ Index (PMI) in July 2024.

CPO Futures End Higher, Tracking Firmer Soybean Oil Futures On CBOT

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 26 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Tuesday, tracking the stronger soybean oil market on the Chicago Board of Trade (CBOT), a trader said.

Ringgit Weakens After Trump Announces New Tariffs On Mexico, Canada

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 26 (Bernama) -- The ringgit closed lower against the greenback today after United States (US) President-elect Donald Trump vowed to impose new tariffs on imports from Mexico and Canada.

Malayan Cement's Net Profit Rises To RM139.44 Mln In 1Q FY2025

KUALA LUMPUR, Nov 26 (Bernama) -- Malayan Cement Bhd reported a higher net profit for the first quarter ended Sept 30, 2024 (1Q FY2025), increasing to RM139.44 million, compared to RM96.10 million in the same period in 2023.

SMEs Need To Swiftly Integrate ESG Practices Into Business Operations -- BNM

KUALA LUMPUR, Nov 26 (Bernama) -- Small and medium enterprises (SMEs) need to swiftly integrate environmental, social, and governance (ESG) practices into their business operations to maintain their competitiveness in the market and ensure long-term sustainable advantages, Bank Negara Malaysia (BNM) said.

ASEAN-BAC Malaysia Aims To Strengthen Regional Economic Ties As Malaysia Assumes ASEAN Chairmanship

KUALA LUMPUR, Nov 26 (Bernama) -- The ASEAN Business Advisory Council (ASEAN-BAC) Malaysia is committed to fostering closer economic ties within the region as it prepares to assume the chairmanship next year. 

Maybank's Net Profit Rises 7.6 Pct To RM2.54 Bln In 3Q 2024

KUALA LUMPUR, Nov 26 (Bernama) -- Malayan Banking Bhd’s (Maybank) net profit rose by 7.6 per cent to RM2.54 billion in the third quarter ended Sept 30, 2024, compared with RM2.36 billion in the same period last year.

Gamuda, 99 Speed Mart Could Join FBM KLCI Constituents - CIMB Securities

KUALA LUMPUR, Nov 26 (Bernama) -- CIMB Securities Sdn Bhd through its analysis has indicated that Gamuda Bhd and 99 Speed Mart Retail Holdings Bhd may replace Genting Bhd and Genting Malaysia Bhd as FBM KLCI constituents in the upcoming review in December.

Petronas Dagangan Share Price Surges On Strong 3q Net Profit

KUALA LUMPUR, Nov 26 (Bernama) -- Petronas Dagangan Bhd's shares climbed nearly five per cent following a strong surge in net profit announced yesterday.

Bursa Malaysia Holds Firm Near 1,600 Level, Tracks Wall Street's Upswing

KUALA LUMPUR, Nov 26 (Bernama) -- Bursa Malaysia stayed resilient near the psychologically significant 1,600 level, taking cues from Wall Street's record close following the nomination of hedge fund manager Scott Bessent as the new US Treasury Secretary.

Ringgit Opens Lower As Greenback Gains Ground

KUALA LUMPUR, Nov 26 (Bernama) -- The ringgit opened weaker against the US dollar on Tuesday as the greenback regained strength, supported by a rebound in the US Dollar Index (DXY) from recent declines.