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Ringgit Continues Downtrend Amid Uncertainty Over US Presidential Election

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 23 (Bernama) -- The ringgit continued to weaken against the US dollar on Wednesday as uncertainty surrounding the outcome of the US presidential election on Nov 5 weighed on the local currency.

Bursa Malaysia Ends Lower For Third Consecutive Day 

By Karina Imran

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia closed lower for the third consecutive day, mirroring the subdued performance of the United States (US) stock indices following a day of mixed trading, said an analyst. 

CIDB Calls On Construction Sector To Focus On Sustainable Method

KUALA LUMPUR, Oct 23 (Bernama) -- The construction sector has been urged to focus on sustainable methods, energy-efficient designs and the use of green materials to ensure that the industry thrives economically and contributes positively to the environment and society.

Malaysia's Electrified Vehicle Count Reaches 33,319 Units As Of Sept 30 -- Tengku Zafrul

KUALA LUMPUR, Oct 23 (Bernama) -- The number of electrified vehicles (xEV) reached 33,319 units as of Sept 30, 2024, representing about five per cent of the total industry volume (TIV), said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Bursa Malaysia Slightly Higher At Midday On Mild Buying

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia was marginally higher at midday, supported by mild buying in selected heavyweights, in tandem with regional peers, said an analyst. 

MITI Finalising Sustainable Development Guidelines For Data Centres

KUALA LUMPUR, Oct 23 (Bernama) -- The Ministry of Investment, Trade, and Industry (MITI) is finalising sustainable development guidelines for data centres.

Gamuda Stock Jumps After Securing Taiwan's MRT Project

KUALA LUMPUR, Oct 23 (Bernama) -- Gamuda Bhd's shares surged this morning, rising by 2.46 per cent after securing a RM4.3 billion turnkey design and build contract for the Xizhi Donghu Mass Rapid Transit (MRT) project in Taiwan.

Three Companies Qualify For Online Bid To Supply Renewable Energy

KUALA LUMPUR, Oct 23 (Bernama) -- Three companies have met all the requirements to participate in the online bidding on June 16, 2024, for a pilot project to supply renewable energy (RE) across borders to Singapore via Energy Exchange Malaysia (ENEGEM).

Bursa Malaysia Opens Higher Amid Mixed Wall Street Overnight

By Karina Imran

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia opened higher on Wednesday amid Wall Street’s mixed performance overnight as traders expect a potentially less aggressive rate cuts by the United States (US) Federal Reserve (Fed) next month, said an analyst. 

FBM KLCI Futures Open Higher

KUALA LUMPUR, Oct 23 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures were higher in early trade today, tracking the underlying cash market.

Ringgit Rebounds Slightly Vs USD In Early Trade

KUALA LUMPUR, Oct 23 (Bernama) -- The ringgit edged up against the US dollar in the early session on Wednesday, amidst cautious sentiments on the global economic front as recent losses prompted some investors to shift towards emerging currencies, said an analyst.

MATRADE Committed To Boosting Foreign Trade Through Budget 2025

KUALA LUMPUR, Oct 22 (Bernama) -- The Malaysian External Trade Development Corporation (MATRADE) will continue as the country's export promotion agency under Budget 2025 to help Malaysian companies to remain competitive in foreign markets.