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.

Franchise Sector Records Potential Investment Growth Exceeding RM911 Mln

KUALA LUMPUR, Nov 28 (Bernama) -- Malaysia's franchise industry has recorded encouraging growth with an investment potential of more than RM911 million as of November 2024 compared with RM700 million a year ago, according to the Entrepreneur and Cooperatives Development Ministry (KUSKOP).

Bursa Malaysia Ends Higher Amid Profit-taking In Plantation Stocks

KUALA LUMPUR, Nov 27 (Bernama) -- Bursa Malaysia finished slightly higher on Wednesday as gains in utility stocks helped offset selling pressure in the plantation sector.

TII's Open-Source AI Summit Highlights Key Discussions On The Future Of AI 

KUALA LUMPUR, Nov 27 (Bernama) -- The Open-Source AI Summit Abu Dhabi has kicked off with critical dialogues that will shape the global artificial intelligence (AI) agenda, for two days beginning Nov 26, at the St. Regis Saadiyat Island.

Blackstone, Santander Finalise US$1 Bln Infrastructure Loan Portfolio Deal

KUALA LUMPUR, Nov 27 (Bernama) -- Blackstone and Santander Corporate & Investment Banking have reached an agreement under which funds managed by Blackstone Credit & Insurance (BXCI) will acquire interests in a US$1 billion portfolio of high-quality infrastructure loans from Santander. (US$1=RM4.45)

MBSB Posts Higher 3Q Net Profit Of RM122.08 Mln

KUALA LUMPUR, Nov 26 (Bernama) -- MBSB Bhd posted a higher net profit of RM122.08 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM32.84 million in the same period last year.

Bursa Malaysia Bucks Regional Trend To End Higher, Blue Chips Keep CI Above 1,600

KUALA LUMPUR, Nov 26 (Bernama) -- Bursa Malaysia bucked the mostly weaker regional market trend at the close today, with a stellar performance by heavyweights supporting the key index to stay above the psychologically 1,600 level.

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. 

EMGA Secures US$210 Mln Financing For Brazil’s BTG Pactual 

KUALA LUMPUR, Nov 26 (Bernama) -- Emerging Markets Global Advisory Limited (EMGA) has secured US$210 million debt finance for their long-standing Brazil based client, BTG Pactual (BTG). (US$1=RM4.45)

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.

Bursa Malaysia Maintains Positive Momentum To Close Higher, CI Up 0.48 Pct

By Zarul Effendi Razali

KUALA LUMPUR, Nov 25 (Bernama) -- Bursa Malaysia maintained its upward momentum throughout the trading session today to close off its day’s high, buoyed by persistent buying in selected heavyweights led by financial services counters, amid the mostly upbeat performance in regional bourses.

World Bank Appoints Judith Green As Country Manager For Malaysia

KUALA LUMPUR, Nov 25 (Bernama) -- The World Bank Group has named Judith Green as its new country manager for Malaysia.