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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. 

FBM KLCI Pares Loss At Close Amid Market Uncertainty Ahead Of Expected US Rate Cut

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 18 (Bernama)  -- Bursa Malaysia pared losses at the close on Wednesday but overall market sentiment remained weak as most traders remained on the sidelines ahead of an expected US interest rate cut later tonight.

MIDA, Alliance Bank Host CBAM Workshop To Explore Sustainable Industrial Practices

KUALA LUMPUR, Sept 18 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and Alliance Bank Malaysia Bhd hosted the inaugural Carbon Border Adjustment Mechanism (CBAM) workshop to explore the potential of CBAM in revolutionising sustainable industrial practices.

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.

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, Sept 18 (Bernama) -- Bursa Malaysia ended the morning session lower as most traders remained on the sidelines ahead of the United States (US) Federal Reserve’s potential rate cut.

LCR Expects To Improve, Supporting NIM Recovery - Maybank IB

KUALA LUMPUR, Sept 18 (Bernama) -- The average liquidity coverage ratio (LCR) for Islamic banks in Malaysia has improved, which should help reduce funding pressure in the near future, said Maybank Investment Bank Bhd (Maybank IB).

HLIB : Malaysia In Strong Position Amid US Election Uncertainty

KUALA LUMPUR, Sept 18 (Bernama) -- Hong Leong Investment Bank (HLIB) Bhd believes that Malaysia’s neutral geopolitical stance places it in a stronger position to manage potential external policy shifts that may arise in the United States (US) after its Nov 5 elections.

Al'ard Marks A Decade In Malaysia, Contributing RM50 Mln To Palestine

KUALA LUMPUR, Sept 17 (Bernama) -- Al'Ard, a Palestinian olive oil-based health product brand has made history with its achievement of sending RM50 million to Palestine during its 10 years of operation in Malaysia.

Malaysia-Brazil To Collaborate, Tap US$3 Trillion Global Halal Market - Deputy Minister

KUALA LUMPUR, Sept 17 (Bernama) -- Malaysia and Brazil will enhance collaboration to tap the extensive global halal market which is anticipated to generate US$3 trillion (US$1=RM4.253) next year, said Agriculture and Food Security Deputy Minister Datuk Arthur Joseph Kurup.

Gamuda May Replace Genting Malaysia In List Of FBM KLCI Constituent Stocks -- MIDF Amanah

KUALA LUMPUR, Sept 17 (Bernama) -- Gamuda Bhd may replace Genting Malaysia Bhd on the FTSE Bursa Malaysia KLCI (FBM KLCI) constituent stocks list on Dec 23, 2024, according to MIDF Amanah Investment Bank Bhd.

National Single Window Initiative Will Boost Malaysia-China Trade -- MITI

KUALA LUMPUR, Sept 17 (Bernama) — The Investment, Trade and Industry Ministry (MITI) is confident that Malaysia's single window trade initiative, to harmonise with China's customs system, will facilitate business and trade operations by reducing red tape, coordinate and launch Malaysia-China cross border trade processes.