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MIDF Amanah Trims Inflation Forecast Down To 2.0 Pct In 2024

KUALA LUMPUR, Oct 24 (Bernama) -- MIDF Amanah Investment Bank Bhd has revised its 2024 inflation forecast downward to two per cent from 2.3 per cent previously, taking into account the absence of subsidy rationalisation this year.

Bursa Malaysia Extends Decline On Global Equity Sell-off 

By Karina Imran

KUALA LUMPUR, Oct 24 (Bernama) -- Bursa Malaysia continued its downtrend to close lower today for the fourth day running, in line with regional peers due to a broad global equity sell-off, said an analyst. 

Ringgit Expected To Rise Five Pct If Kamala Harris Is Elected US President -- Allianz

KUALA LUMPUR, Oct 24 (Bernama) -- The ringgit is expected to strengthen by five per cent if the current United States (US) Vice President Kamala Harris is elected as US President before the end of the year, said Allianz SE chief economist Ludovic Subran. 

Malaysia Committed To Creating G2G Mechanism With China In Support Of Steel Industry

KUALA LUMPUR, Oct 23 (Bernama) -- Malaysia is committed to working with China to establish a government-to-government (G2G) mechanism for capacity management and technology sharing within the steel industry.

JBIC Committed To Support MITI In Attracting High-quality Investment From Japan - Tengku Zafrul

KUALA LUMPUR, Oct 24 (Bernama) -- The Japan Bank for International Cooperation (JBIC) is committed to supporting the Ministry of Investment, Trade and Industry (MITI) in attracting high-quality investment from Japan, particularly in the sustainable energy sector and high-tech industrial development.

Steady Growth And Political Stability Paving The Way For Critical Reforms -- Morgan Stanley

KUALA LUMPUR, Oct 24 (Bernama) -- Malaysia’s recent stability and steady growth are paving the way for the government to implement critical reforms, including the overhaul of costly fuel and power subsidies, said Morgan Stanley Investment Management.

Capital A Could Benefit From Favourable Factors As It Undergoes Restructuring - PIVB

KUALA LUMPUR, Oct 24 (Bernama) -- Capital A Bhd is expected to benefit from favourable factors such as ringgit appreciation, robust air travel demand, and lower jet fuel prices amid its proposed restructuring plan, said Public Investment Bank Bhd (PIVB).

OrthoLite Taps Top Talents To Bolster Global Operations 

KUALA LUMPUR, Oct 24 (Bernama) -- OrthoLite, the global leader of branded, high-performance, comfort footwear solutions, has appointed Raj Santhana as the new Vice President of Operational Excellence.

Govt To Prioritise Ringgit Use In International Settlements – MITI

KUALA LUMPUR, Oct 24 (Bernama) -- The government will continue to promote the use of local currency in international settlements and periodically enhance mechanisms with strategic partner countries.

Anwar's Russia Visit Expands Malaysia's Geo-economic Reach, Global Cooperation – MITI

KUALA LUMPUR, Oct 24 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s visit to Russia marked a strategic effort by the Madani Government to bolster Malaysia-Russia relations, broaden Malaysia’s geo-economic influence, and elevate its global economic standing.

MNRB Second Quarter Profit Jumps To RM92.74 Mln On Interest Rate, Forex Gains

KUALA LUMPUR, Oct 23 (Bernama) -- MNRB Holdings Bhd’s net profit jumped to RM92.74 million in the second quarter (2Q) ended Sept 30, 2024 from RM41.57 million in the same period last year.

Fadillah Urges Multinationals To Partner With Local SMEs

KUALA LUMPUR, Oct 23 (Bernama) -- Deputy Prime Minister Datuk Seri Fadillah Yusof has encouraged multinational companies investing in Malaysia to collaborate with local small and medium enterprises (SMEs).