Malaysia On The Right Track To Consistently Reduce Deficit Rate - Amir Hamzah

KUALA LUMPUR, Dec 4 (Bernama) -- Malaysia is on the right track to consistently reduce its deficit rate, according to Finance Minister II  Datuk Seri Amir Hamzah Azizan.

Rubber Incentive Scheme Allocates Rm522.35 Mln, Benefiting 235,414 Smallholders As Of Oct 2024 – KPK

KUALA LUMPUR, Dec 4 (Bernama) -- The Ministry of Plantation and Commodities (KPK) announced that the Rubber Production Incentive (IPG) has allocated RM522.35 million to smallholders since the programme’s launch in 2015, up to October 2024.

Ringgit Closes Lower Against US Dollar As Global Uncertainty Drive Investors To Safe Haven Currencies

By Zarul Effendi Razali

KUALA LUMPUR, Dec 3 (Bernama) -- The ringgit extended yesterday’s losses to close lower against the greenback on Tuesday, as the global economic outlook prompted investors to shift interest towards safe haven currencies, an analyst said.

MIDF Optimistic On Malaysia's Trade Outlook Due To Export Demand

KUALA LUMPUR, Dec 3 (Bernama) -- MIDF Amanah Investment Bank Bhd remains optimistic about Malaysia’s trade outlook and the manufacturing sector’s growth prospects, given the improved export demand. 

Ringgit Seen Trading At 4.42-4.44 With Upside Bias Against US Dollar Next Week

KUALA LUMPUR, Nov 30 (Bernama) -- The ringgit is expected to trade within the range of 4.4275 to 4.4475 versus the American dollar next week, with a slight upside bias, on anticipation of a US interest rate cut in December.

PPB Group 3Q Net Profit Falls To RM208.12 Mln

KUALA LUMPUR, Nov 28 (Bernama) -- PPB Group Bhd’s net profit fell to RM208.12 million in the third quarter ended Sept 30, 2024 (3Q 2024), from RM372.56 million posted in the same quarter last year.

Banking Stocks Drag Bursa Malaysia Below 1,600 Level

KUALA LUMPUR, Nov 28 (Bernama) -- The fall in shares of banking heavyweights weighed heavily on Bursa Malaysia, causing the index to slip below the crucial 1,600 mark.

Bursa Falls Below 1,600 Level, tycoon Ananda Krishnan’s Companies See Shares Decline

KUALA LUMPUR, Nov 28 (Bernama) -- Bursa Malaysia extended its downtrend in mid-afternoon trade with the benchmark index below the crucial 1,600 level as regional markets followed Wall Street’s downbeat performance overnight.

PPI Continues To Fall, 2.4 Pct Lower In October 2024

KUALA LUMPUR, Nov 27 (Bernama) -- Malaysia’s Producer Price Index, which measures the price changes of goods at the producer level, fell by 2.4 per cent in October 2024, said the Department of Statistics Malaysia (DOSM).

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.

Rubber Market Ends Higher On Regional Futures Uptrend

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 26 (Bernama) -- The Kuala Lumpur rubber market ended higher on Tuesday, supported by the uptrend in the regional rubber futures markets and steady crude oil prices, a dealer said.

EdgePoint Sees Up To 30 Pct Growth In Number Of New Tower Sites In Malaysia

By Harizah Hanim Mohamed

KUALA LUMPUR, Nov 26 (Bernama) -- Telecommunications tower infrastructure company EdgePoint Towers Sdn Bhd expects to record growth of between 20 per cent and 30 per cent for new telecommunications tower sites in Malaysia as the company secures new partnerships with mobile network providers, said chief executive officer Muniff Kamaruddin.