SC-Khazanah MoU To Catalyse Mid-tier Companies Access To Capital Market

KUALA LUMPUR, Oct 17 (Bernama) -- The Securities Commission Malaysia (SC) has inked a memorandum of understanding (MoU) with Khazanah Nasional Bhd (Khazanah) to support the growth and expansion of Malaysian mid-tier companies (MTCs).

Short-term Interbank Rates End Steady On BNM Operations

KUALA LUMPUR, Oct 17 (Bernama) -- Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

EY: Central Bank Policies, Geopolitics To Impact Global IPO Market For Rest Of 2024

KUALA LUMPUR, Oct 17 (Bernama) -- The global initial public offering (IPO) market is projected to be influenced by central bank policies, geopolitical development and key election outcomes for the remainder of 2024, said Ernst & Young Consulting Sdn Bhd (EY). 

Taiwan Seeks 10,000 Engineers Annually To Strengthen Its Semiconductor Sector

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 17 (Bernama) -- Taiwan is seeking 10,000 semiconductor and related industry engineers each year to support its role as a main hub for the semiconductor industry, with Taiwan Semiconductor Manufacturing Co (TSMC) being a key player.

Bursa Malaysia Remains Higher At Midday

KUALA LUMPUR, Oct 17 (Bernama) -- Bursa Malaysia remained higher at midday, buoyed by ongoing bargain hunting in selected heavyweights, particularly within the consumer and industrial products and services sectors, analysts said. 

Malaysia Needs Diverse Trading Partners To Explore New Solar Market - MITI

KUALA LUMPUR, Oct 17 (Bernama) -- Malaysia plans to diversify its trading partners to explore new solar export markets amid geopolitical tensions and the ongoing trade war between China and the United States, according to the Investment, Trade and Industry Ministry (MITI).

Bursa Malaysia Opens Higher On Mild Bargain Hunting

KUALA LUMPUR, Oct 17 (Bernama) -- Bursa Malaysia opened higher as mild bargain hunting emerged in most heavyweights led by consumer and industrial products and services stocks, said an analyst.

Cebu Pacific Set For Robust Growth In 2025, Buoyed By Lower Fuel Costs, Strategic Expansion

By Kisho Kumari Sucedaram

MANILA, Oct 17 (Bernama) -- Cebu Pacific, the Philippines’s low-cost carrier, is poised for significant growth next year, buoyed by declining fuel prices, appreciation of the Philippine peso and strategic expansion of its fleet and route network.

Gold Futures Close Higher

KUALA LUMPUR, Oct 16 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today, tracking gains in the US COMEX gold market, a dealer said.

Ringgit Strengthens Against Major Currencies On Positive Budget Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 16 (Bernama) -- The ringgit appreciated against the US dollar and other major currencies at the close today, driven by positive sentiment ahead of the tabling of the national budget this Friday, said SPI Asset Management managing director Stephen Innes.

BEV Sales Surge 112 Pct In 1H2024, Reaching 6,617 Units - Tengku Zafrul

KUALA LUMPUR, Oct 16 (Bernama) -- A total of 6,617 battery-powered electric vehicles (BEVs) were sold in the first half of 2024 (1H2024) marking a significant 112 per cent year-on-year surge in the electric vehicle (EV) market, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Sime Darby to Enhance ROE, Plans Strategic Growth for FY2025

KUALA LUMPUR, Oct 16 (Bernama) -- Sime Darby Bhd aims to enhance its return on equity (ROE), reduce debt, prioritise the integration of new acquisitions and strengthen its partnership with Toyota and Daihatsu Japan in the financial year 2025 (FY2025).