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Ringgit Jumps To 34-month High Vs US Dollar After China Unveils Stimulus Measures

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 24 (Bernama) -- The ringgit jumped against the US dollar at the close on Tuesday, reaching its highest level in 34 months after China unveiled a stimulus package aimed at revitalising its economy.

National Sustainability Reporting Framework Sets Reporting Standard For Companies

KUALA LUMPUR, Sept 24 (Bernama) -- The National Sustainability Reporting Framework (NSRF) will help companies to adopt globally aligned sustainability reporting standard, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

National Sustainability Reporting Framework Sets Reporting Standard For Companies

KUALA LUMPUR, Sept 24 (Bernama) -- The National Sustainability Reporting Framework (NSRF) will help companies to adopt globally aligned sustainability reporting standard, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Affin Bank Upbeat On Malaysian Economy Amidst Low Global Recession Possibility

GEORGE TOWN, Sept 24 (Bernama) -- Affin Bank Bhd expects Malaysia’s gross domestic product (GDP) growth to remain healthy at five per cent this year and 5.2 per cent next year amidst the low possibility of a global recession.

ASEAN Data Centre Market Can Reach US$11 Bln By 2028 - Maybank IB

KUALA LUMPUR, Sept 24 (Bernama) -- The potential total addressable market for ASEAN data centres is estimated to reach US$11 billion (US$1=RM4.20) by 2028 on the back of the global data centre demand boom, according to Maybank Investment Bank (Maybank IB) Bhd.

Lower Inflation Helps Ringgit Extend Gain Against US Dollar At Close

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 23 (Bernama) -- The ringgit closed marginally higher against the US dollar on Monday as a lower domestic inflation rate helped to extend its recent gains, an analyst said. 

AM Best: Favourable Rating Changes For APAC (Re) Insurers Despite Geopolitical Uncertainty

KUALA LUMPUR, Sept 23 (Bernama) -- AM Best in its new report revealed that long-term issuer credit rating (Long-Term ICR) upgrades exceeded downgrades for its rated Asia-Pacific (APAC) (re)insurers in 2023, driven predominantly by improved balance sheet strength and favourable operating performance.

Malaysia's Fiscal Deficit Target Of 3 Pct By 2026 Challenging But Achievable - MARC

KUALA LUMPUR, Sept 23 (Bernama) -- Malaysia’a fiscal deficit target of three per cent by 2026 “remains challenging but achievable,” according to Malaysian Rating Corporation Bhd (MARC).

CIOs Find AI Both Exciting, Stressful - Expereo Study

KUALA LUMPUR, Sept 23 (Bernama) -- Expereo in its latest survey revealed that 64 per cent of technology leaders from large global enterprises find it challenging and/or stressful to meet the technology demands of the business and that artificial intelligence (AI) is a key source of both pressure and opportunity.

Govt Needs To Address Gaps In National Grids To Foster Renewable Energy Production

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 23 (Bernama) -- The Malaysian government should allocate more resources to improve the national grid and substations, said Singapore's Asiarecs Pte Ltd.

Ringgit Kicks Off The Week In Steady Mode, Bullish Outlook Remains

KUALA LUMPUR, Sept 23 (Bernama) -- The ringgit opened almost flat on Monday and is expected to retain its bullish trend as the United States (US) Federal Reserve’s (Fed) rate cut last week signalled a soft landing for the US economic growth.

MIHAS 2024 Awards Introduces Sustainability Category, Recognising Eco-friendly Practices

By Abdul Hamid A Rahman

KUALA LUMPUR, Sept 20 (Bernama) -- The prestigious Malaysia International Halal Showcase (MIHAS) 2024 Awards returns this year with a new category, the Sustainability Award, recognising efforts in the adoption of sustainable practices in the Halal industry.