LATEST NEWS   3 pm: Voter turnout in Kinabatangan by-election stands at 50.37 per cent, Lamaq at 55.16 per cent - EC | Six polling centres for Kinabatangan by-election were closed at 3 pm - EC | By-elections: Five other polling centres closed in Kinabatangan, two in Lamaq as at 2 pm - EC | Govt committed to strengthening religious schools, pondok institutions as strongholds of faith and morals of the ummah - PM Anwar  | 1 pm: Voter turnout in Kinabatangan by-election stands at 43.23 per cent, Lamag at 44.50 per cent - EC | 

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REHDA Sees Positive Impact On Housing Affordability After SPAN Revises Sewerage Charges

KUALA LUMPUR, May 9 (Bernama) -- The Real Estate and Housing Developers’ Association (REHDA) Malaysia said the revision of the Sewerage Capital Contribution (SCC) rates by the National Water Services Commission (SPAN) is expected to benefit the property development industry.

RHB Investment Bank Maintains OPR Forecast At 3.00 Pct For 2025

KUALA LUMPUR, May 8 (Bernama) -- RHB Investment Bank Bhd (RHBIB) has maintained its base case forecast for the Overnight Policy Rate (OPR) at 3.00 per cent throughout 2025. 

Bursa Malaysia Ends Morning Session Easier

KUALA LUMPUR, May 8 (Bernama) -- Bursa Malaysia ended the morning session lower today on mild profit-taking in selected heavyweights, amid mixed sentiment in the regional markets as investors remained cautious over the global economic outlook, a dealer said.

Ringgit Opens Stronger Vs Greenback As Fed Leaves Rates Unchanged

KUALA LUMPUR, May 8 (Bernama) -- The ringgit opened stronger against the US dollar today, supported by renewed buying interest after the US Federal Reserve (Fed) left interest rates unchanged overnight, with analysts anticipating potential rate cuts later this year, said an economist.

Pavilion REIT Unitholders Approve RM480 Mln Hospitality Acquisition

KUALA LUMPUR, May 7 (Bernama) -- Pavilion Real Estate Investment Trust (Pavilion REIT) has received unitholder approval to acquire two landmark hospitality assets, Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), in a RM480 million yield accretive transaction that strengthens the REIT’s long-term performance and reinforces its presence within Bukit Bintang.

Ringgit Eases Slightly Against Greenback Ahead Of BNM’s OPR Decision

By Danni Haizal Danial Donald

KUALA LUMPUR, May 7 (Bernama) -- The ringgit ended slightly lower against the US dollar at Wednesday’s close ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision tomorrow, said an analyst.

Malaysia Set To Outperform Peers Despite Global Headwinds -- Moody's Ratings

KUALA LUMPUR, May 5 (Bernama) --  Malaysia’s economy is expected to remain resilient and outperform its A-rated peers despite mounting global uncertainties driven by trade tensions, said Moody’s Ratings.

Ringgit Rises Against Weaker US Dollar

KUALA LUMPUR, May 5 (Bernama) -- The ringgit edged up slightly against the US dollar on Monday, as a weaker greenback, weighed down by dovish sentiment from the United States (US) Federal Reserve (Fed) on interest rates and new trade developments related to China, supported the local currency, said an analyst

Perma-Pipe FY24 Sales Up, Backlog Doubles To US$138 Mln

KUALA LUMPUR, May 2 (Bernama) -- Perma-Pipe International Holdings Inc reported full-year net income of US$9.0 million for fiscal 2024 (FY24), down from US$10.5 million a year earlier due to the absence of a one-time US$5.9 million non-cash tax benefit recognised in 2023. (US$1=RM4.31)

US Tariff Hikes Have Limited Global GDP Impact Outside APAC, Says S&P Global Ratings

KUALA LUMPUR, May 2 (Bernama) -- Global economic growth remains resilient despite the recent United States (US) tariff hike, with limited gross domestic product (GDP) impact outside the Asia-Pacific (APAC) region, S&P Global Ratings said.

Affin Launches New Privileges For Premier Cardholders

SHAH ALAM, April 30 (Bernama) -- Affin Group today unveiled exclusive new privileges for its Affin Premier cardholders, offering a first-class golfing experience in a modern and relaxed environment in collaboration with La Casa Leal restaurant.

219,015 Active Women-Owned Establishments Operating In 2022 -- DOSM

KUALA LUMPUR, April 30 (Bernama) -- A total of 219,015 active women-owned establishments were recorded in 2022, representing 20.1 per cent of the total registered establishments in Malaysia, based on the Economic Census 2023, said the Department of Statistics Malaysia (DOSM).