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National Single Window Initiative Will Boost Malaysia-China Trade -- MITI

KUALA LUMPUR, Sept 17 (Bernama) — The Investment, Trade and Industry Ministry (MITI) is confident that Malaysia's single window trade initiative, to harmonise with China's customs system, will facilitate business and trade operations by reducing red tape, coordinate and launch Malaysia-China cross border trade processes.

Ringgit Appreciates 7.86 Pct Year-to-date Against US Dollar

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Sept 17 (Bernama) -- The ringgit has appreciated by 7.86 per cent year-to-date, reaching another 20-month high against the US dollar as the markets approach the United States Federal Open Market Committee (FOMC) meeting.

FBM KLCI Rises As Investors Chase Glove Counters Amid Expectation For Outsized US Rate Cut

By Siti Radziah Hamzah

KUALA LUMPUR, Sept 17 (Bernama) -- Bursa Malaysia ended Tuesday’s trading higher, in line with global shares as hopes rise for an outsized US interest rate cut with investors chasing glove counters on news that the United States will finalise tariffs on Chinese goods, including medical gloves, this month.

Taiwan Pavilion Showcases 18 Companies With Halal-certified Products At MIHAS 2024

KUALA LUMPUR, Sept 17 (Bernama) -- The Taiwan External Trade Development Council (TAITRA) is showcasing halal-friendly products from 18 Taiwanese companies at the Taiwan Pavilion during the Malaysia International Halal Showcase (MIHAS 2024), held from Sept 17-20, 2024.

11x Secures US$24 Mln To Advance AI-Powered Digital Workers, Expand Global Footprint

KUALA LUMPUR, Sept 17 (Bernama) -- A pioneering AI startup transforming the modern workforce with autonomous digital workers, 11x announced closing a US$24 million Series A funding round. (US$1=RM4.29)

NIQ Unlocks Groundbreaking AI Tools For CPG Brands

KUALA LUMPUR, Sept 17 (Bernama) -- NielsenIQ (NIQ), the world’s leading consumer intelligence company, has announced two breakthroughs in artificial intelligence (AI) that further validate its leadership position.

Taiwan’s Non-life Insurance Segment Outlook Revised To Stable - AM Best

KUALA LUMPUR, Sept 17 (Bernama) -- Global credit rating agency, AM Best has revised its outlook on Taiwan’s non-life insurance segment to stable from negative, citing a recovery of capital strength among carriers in 2023 following sizeable pandemic-related losses in the previous year.

MIHAS To Make Dubai Global Debut In November, Targets Rm1 Bln Sales — Tengku Zafrul

KUALA LUMPUR, Sept 17 (Bernama) — The Nov 18-20 Malaysia International Halal Showcase (MIHAS) will make its international debut at MIHAS@Dubai with an export sales target of RM1 billion.

EIG’s MidOcean Raises Stake In Peru LNG To 35 Pct

KUALA LUMPUR, Sept 17 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, and Hunt Oil Company (Hunt) announced they have entered into a definitive agreement for MidOcean to acquire an additional 15 per cent interest in Peru LNG (PLNG) from Hunt.

FBM KLCI Rises 0.17 Pct In Early Trade

KUALA LUMPUR, Sept 17 (Bernama) -- Bursa Malaysia traded slightly higher in early action, tracking mixed overnight performance on Wall Street ahead of the US Federal Reserve's interest rate decision tomorrow.

Glove Counters Jump In Early Session On Higher Us Tariffs On Chinese Imports

KUALA LUMPUR, Sept 17 (Bernama) -- Glove counters rose in early Tuesday trading following a recent announcement by the US Trade Representative (USTR) on substantial tariff increases imposed on Chinese imports, including a phased tariff structure for medical face masks and surgical gloves.

Ringgit Opens Stronger Vs Greenback Amid Hopes Of US Rate Cuts

KUALA LUMPUR, Sept 17 (Bernama) -- The ringgit extended last Friday’s gains, trading firmer against the US dollar and breaching the RM4.30 level at Tuesday's opening, driven by persistent buying interest amid expectations of a US interest rate cut, analysts said.