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ECERDC To Develop Database To Measure Socioeconomic Progress Of Target Groups - Economy Ministry

KUALA LUMPUR, Nov 4 (Bernama) -- The Ministry of Economy said the East Coast Economic Region Development Council (ECERDC) will implement all recommendations and suggestions in the National Audit Report 2/2024, including establishing a database to measure the socioeconomic progress of target groups.

OIC Member States Must Foster Collaboration On Financial Ecosystems, Strengthen Digital Payment - Fahmi

From Kisho Kumari Sucedaram

ISTANBUL, Nov 4 (Bernama) -- The Organisation of Islamic Cooperation (OIC) member states must prioritise the sharing of best practices and foster robust collaboration among Islamic nations to develop modern, efficient and inclusive financial ecosystems, effectively phasing out outdated traditional methods.

IHH Completes Acquisition Of Island Hospital In Penang For Nearly RM4 Bln

KUALA LUMPUR, Nov 4 (Bernama) -- IHH Healthcare Bhd (IHH) has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of about RM3.9 billion.

Ringgit Ends Firmer Against Greenback Amid Heightened Uncertainty Ahead Of US Election

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 4 (Bernama) -- The ringgit ended firmer against the greenback on Monday ahead of an expected US interest rate cut this week amid the heightened uncertainties over the US presidential election tomorrow, said an economist. 

U Mobile's Selection As Second 5G Provider Set To Boost Competition In Malaysia's Telecom Sector - Analyst

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 4 (Bernama) -- U Mobile Sdn Bhd is envisioned to compete more robustly and narrow the gap with other major players in the country, creating a more equitable landscape in Malaysia's telecommunications sector.

MIDF Aims To Allocate RM200 Mln To SMEs Through Future Ready Financing Initiative

KUALA LUMPUR, Nov 4 (Bernama) -- Malaysian Industrial Development Finance Bhd (MIDF) aims to allocate RM200 million to small and medium enterprises (SMEs) through the newly launched Future Ready Financing (FRF) initiative. 

Bursa Malaysia Ends Higher Lifted By Plantation, Construction Stocks

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 4 (Bernama) -- Bursa Malaysia closed at its intraday high on Monday, driven by bargain hunting in heavyweights with a focus on plantation and construction stocks.

Chinese Western City Weinan Emerging As Printing, Packaging Hub

KUALA LUMPUR, Nov 4 (Bernama) -- The 2024 Belt and Road Printing and Packaging Industry Development Conference, organised by the Weinan Municipal People's Government was held in the northwestern Chinese city of Weinan from Oct 23 to 25.

Kenanga Investment Bank Expects Rise In Demand For Cloud Services Due To Data Centre Investments

KUALA LUMPUR, Nov 4 (Bernama) -- Kenanga Investment Bank Bhd anticipates a rise in demand for cloud services, including graphics processing units-as-a-service pioneered by Maxis Bhd locally, as global cloud service providers continue to invest heavily in data centres, cloud, and artificial intelligence (AI) infrastructure in Malaysia.

Rehda: Imposing Home Purchase Limits May Hurt Housing Sector, Economy

KUALA LUMPUR, Nov 4 (Bernama) -- The Real Estate and Housing Developers’ Association Malaysia (Rehda) has cautioned that imposing limits on the number of residential units that Malaysians can purchase for investment may cause a collapse in the housing sector.

EIG, Saudi-based Hassana Ink Deal For Middle East Energy Transition Projects

KUALA LUMPUR, Nov 4 (Bernama) -- Institutional investor to the global energy and infrastructure sectors, EIG, and Hassana Investment Company (Hassana), have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East.

Malaysia’s ASEAN Chairmanship To Spur Digitalisation, Attract Foreign Investors -- TeamViewer

KUALA LUMPUR, Nov 4 (Bernama) -- Malaysia’s assumption of the ASEAN chairmanship next year will be a catalyst for the country’s adoption of advanced technologies, especially in digitalisation, and make it more appealing to foreign investors.