RHB Investment Bank Maintains Malaysia 2025 GDP Forecast At 5.0 Pct Post-Trump Win

KUALA LUMPUR, Nov 6 (Bernama) -- RHB Investment Bank Bhd has maintained Malaysia’s 2025 gross domestic product (GDP) growth forecast at 5.0 per cent based on global assumptions for a Goldilocks backdrop following Donald Trump’s victory in the United States (US) presidential elections.

Govt Adopting Pragmatic Approach In Economic Development - Rafizi

KUALA LUMPUR, Nov 6 (Bernama) -- The government is adopting a pragmatic approach in planning the country’s economic development, said Economic Minister Mohd Rafizi Ramli.

Ringgit Ends Lower As US Election Results Unfold

KUALA LUMPUR, Nov 6 (Bernama) -- The ringgit closed lower against the US dollar today, snapping two days of gains, as the US presidential election results poured in, said an economist. 

BNM Maintains OPR Unchanged At 3.0 Pct

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent at its meeting today.

T7 Global Bags RM500 Mln Works Contract From Exxonmobil Exploration

KUALA LUMPUR, Nov 6 (Bernama) -- T7 Global Bhd has been awarded a maintenance, construction, modification (MCM) contract and hook-up commissioning services contract for Package B2 - Guntong by ExxonMobil Exploration and Production Malaysia Inc worth RM500 million.

IILM Reissues Its Largest Year-To-Date Short-Term Ṣukuk Of US$1.31 Bln

KUALA LUMPUR, Nov 5 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of an aggregate US$1.31 billion (US1=RM4.34) short-term sukuk with tenors of one month, three months, and six months.

Gold Futures End Higher

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 5 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today as the United States (US) election draws near.

Bintai Kinden's Unit Bags RM61.22 Mln Construction Job In Melaka

KUALA LUMPUR, Nov 4 (Bernama) -- Bintai Kinden Corporation Bhd's wholly owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has secured a RM61.22 million construction contract from N&T Asset Sdn Bhd.

Shell Malaysia, Progressture Power in Deal To Set Up Solar Roofs At 600 Stations Nationwide

KUALA LUMPUR, Nov 4 (Bernama) -- Shell Malaysia Ltd and Progressture Power Sdn Bhd have partnered to install up to 20 megawatt peak (MWp) of solar capacity on the roofs of over 600 retail stations nationwide.

Rehda: Imposing Home Purchase Limits May Hurt Housing Sector, Economy

KUALA LUMPUR, Nov 4 (Bernama) -- The Real Estate and Housing Developers’ Association Malaysia (Rehda) has cautioned that imposing limits on the number of residential units that Malaysians can purchase for investment may cause a collapse in the housing sector.

Gold Futures Likely To Be Cautious Due To US Presidential Election

KUALA LUMPUR, Nov 2 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives is likely to be on cautious trading mode as investors are expected to adopt a wait-and-see stance prior to the US presidential election on Nov 5, said dealers. 

IMF Sees Robust 4.6 Pct growth For ASEAN In 2024, Revises Upward Malaysia's GDP Growth Forecast

KUALA LUMPUR, Nov 1 (Bernama) -- Growth for countries in ASEAN is forecast to be at a robust 4.6 per cent this year and 4.7 per cent in 2025, largely supported by strong domestic demand and exports, the International Monetary Fund (IMF) said on Friday.