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Penang Records RM22.6 Bln Approved Investments Up To 3Q 2024

GEORGE TOWN, Dec 31 (Bernama) -- Penang has attracted an impressive investment inflow in the industrial sector this year, with approved investments up to the third quarter (3Q) hitting RM22.6 billion.

ASEAN Countries Can Emulate Malaysia To Include Sustainability In Renewed Trade Deals

By Nor Baizura Basri

KUALA LUMPUR, Dec 30 (Bernama) -- ASEAN economies can emulate Malaysia’s move to renew some of its bilateral trade deals with partner countries to include sustainability elements and the changing dynamics of the global investment landscape.

Local Institutions Maintain Bursa Malaysia Buying Streak For 10th Week

KUALA LUMPUR, Dec 30 (Bernama) -- Local institutions extended their support for Bursa Malaysia for the 10th consecutive week, with net purchases of domestic equities totalling RM416.9 million, according to MIDF Amanah Investment Bank Bhd (MIDF).  

Perma-Pipe Posts Strong Q3 2024 Results With 29 Pct Increase In Net Income

KUALA LUMPUR, Dec 24 (Bernama) -- Perma-Pipe International Holdings Inc’s net income for the third quarter ended Oct 31, 2024 (Q3) increased to US$2.5 million from US$1.9 million in the same period last year, mainly driven by better project execution. (US$1=RM4.48)

CPO Futures End Higher On Rebound In Global Oil Markets

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Dec 23 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Monday supported by the rebound of soybean oil in the Dalian Commodity Exchange and Zhengzhou Commodity Exchange rapeseed oil futures, said a trader.

Gold Futures On Bursa Malaysia Likely To See Thin Trading Amid Christmas Holidays Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, Dec 21 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to be thinly traded during the upcoming Christmas holiday week, with prices projected to range between US$2,585 and US$2,635 amid cautious market sentiment and subdued year-end activity.

Palm Oil Market Faces Uncertainties Amid Weather Challenges, Supply Constraints

KUALA LUMPUR, Dec 20 (Bernama) -- Malaysian Rating Corporation Bhd (MARC Ratings) anticipates the palm oil market to continue to face significant uncertainties heading into 2025, with supply-side challenges exacerbated by adverse weather conditions and a slower replanting pace.

Malaysia's Total Trade Up 2.9 Pct To RM237.8 Bln In November - DOSM

KUALA LUMPUR, Dec 18 (Bernama) -- Malaysia's total trade in November increased 2.9 per cent to RM237.8 billion versus RM231.1 billion a year ago, driven by growth in exports and imports, said Statistics Department Malaysia (DoSM).

Malaysian Developers Shine With 11 Wins At Propertyguru Asia Property Awards In Bangkok

KUALA LUMPUR, Dec 18 (Bernama) -- Malaysian property developers made their mark at the 19th Annual PropertyGuru Asia Property Awards Grand Final at The Athenee Hotel, in Bangkok, securing 11 prestigious awards.

BNM Refining RBI Proposal For LCSF, To Enhance Use Of Rupee And Ringgit In Trade

KUALA LUMPUR, Dec 5 (Bernama) -- Bank Negara Malaysia (BNM) is currently fine-tuning a proposal from the Reserve Bank of India (RBI) to develop a Local Currency Settlement Framework (LCSF) to enhance the use of the Malaysian ringgit and Indian rupee in bilateral trade, said the Ministry of Investment, Trade and Industry (MITI).

ASEAN Has Potential In Digital Economy, Manufacturing, And Supply Chains Led By BRICS Members - MITI

KUALA LUMPUR, Dec 5 (Bernama) -- ASEAN countries have the potential to capitalise on significant opportunities in the digital economy, manufacturing, and supply chains led by BRICS countries, which are dialogue partners of the region, said the Ministry of Investment, Trade and Industry (MITI).

Ringgit Slightly Higher Against US Dollar In Early Trade

KUALA LUMPUR, Dec 2 (Bernama) -- The ringgit opened slightly higher against the US dollar in early trade on Monday despite the cautious sentiment following US President-elect Donald Trump’s threat to impose 100 per cent tariffs against BRICS nations if they were to create a rival currency to the greenback.