ASEAN-BAC Outlines Initiatives For 2025, Including ASEAN IPO - Nazir Razak

By Sharifah Hunaini Syed Ismail & Rosmalis Anuar

VIENTIANE, Oct 10 (Bernama) -- The ASEAN Business Advisory Council (ASEAN-BAC) has outlined several key initiatives that will be highlighted during Malaysia's chairmanship next year, including an initial public offering (IPO) framework for the 10-member bloc.

ASEAN+3 Faces Challenges From Inflation Resurgence And Geopolitical Uncertainty -- AMRO

SINGAPORE, Oct 10 (Bernama) -- ASEAN+3 economies should, in the near term, remain vigilant against the risks associated with a resurgence in inflation, escalating geopolitical tensions, and a global growth slowdown, which could challenge the resilience of the region's financial system.

Malaysia Increasingly Attractive To Foreign Investors -- UBS Global Research

KUALA LUMPUR, Oct 10 (Bernama) -- Malaysia has become increasingly attractive to foreign investors due to several factors, such as the country’s political stability and track record in exercising fiscal responsibility, said UBS Global Research. 

Ringgit Opens Lower As US Signals Gradual Approach To Cutting Interest Rates

KUALA LUMPUR, Oct 10 (Bernama) -- The ringgit opened lower against the US dollar as the minutes of the US Federal Reserve (Fed) meeting showed Fed officials were divided on whether to cut interest rates by half a point in September, implying smaller cuts going forward, said an analyst.

Good Governance, Clear Policy Drive Malaysia's Economic Growth - PM Anwar

KUALA LUMPUR, Oct 10 (Bernama)--  Prime Minister Datuk Seri Anwar Ibrahim said the recent positive economic developments in Malaysia were the result of better governance, together with clear policy formulation, especially in the industrial, digital transformation, energy and semiconductors sectors.

Malaysia On Track To Capture Significant Portion Of Global Digital Market - Gobind

KUALA LUMPUR, Oct 9 (Bernama) — Malaysia is on track to capture a significant portion of the global digital market as the country’s digital economy is expected to contribute 25.5 per cent to the gross domestic product (GDP) by the end of 2025, said Digital Minister Gobind Singh Deo. 

Ringgit Marginally Higher Vs US Dollar At The Close

KUALA LUMPUR, Oct 9 (Bernama) -- The ringgit closed marginally higher against the US dollar on Wednesday, ahead of the release of the minutes of the US Federal Reserve’s (Fed) September meeting later tonight, which will offer more clarity on its interest rate-cutting trajectory.

Malaysia’s Strategy As ASEAN Chair In 2025 Is For Grouping To Bolster Regional Value Chains

From Sharifah Hunaini Syed Ismail

VIENTIANE, Oct 9 (Bernama) -- Malaysia has outlined three strategies for ASEAN when it takes over the grouping’s chairmanship in 2025, including bolstering regional value chains and regulatory cooperation.

Ringgit Opens Slightly Higher As Investors Focus On US Rate Cut Pace

KUALA LUMPUR, Oct 9 (Bernama) -- The ringgit opened slightly higher against the US dollar as investors shifted their attention to the extent and timing of anticipated US interest rate cuts, confident that monetary easing will persist, said an economist.

ASEAN MSMEs Should Benefit From Digital Economy Framework Agreement

From Sharifah Hunaini Syed Ismail

VIENTIANE, Oct 8 (Bernama) -- ASEAN micro, small and medium enterprises (MSMEs) should benefit from the US$2 trillion expected economic value generated from the Digital Economy Framework Agreement (DEFA) by 2030.

ASEAN Govts Need To Ensure Power Grid Interconnection Becomes A Reality - Sarawak Energy

KUALA LUMPUR, Oct 8 (Bernama) -- ASEAN governments need to ensure that the interconnection of their power grids becomes a reality as there will be no energy transition without the interconnectivity in this region, said Sarawak Energy Bhd group chief executive officer Datuk Sharbini Suhaili. 

Ringgit Down Amid Rising US Yields, Uncertainty Over Rate Cuts

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 8 (Bernama) --The ringgit closed slightly lower against the US dollar, as the sharp increase in US Treasury yields stoked caution among traders and markets regarding the likelihood of future US rate cuts.