AmInvest Declares RM96.9 Mln Income Distribution For 23 Funds

KUALA LUMPUR, Sept 20 (Bernama) -- AmInvest has declared a total net income distribution of RM96.9 million for 23 unit trust funds and wholesale funds from April 2024 to June 2024.

Tan Sri Wan Zulkiflee Steps Down From Malaysia Aviation Group Chairmanship

KUALA LUMPUR, Sept 20 (Bernama) -- Malaysia Aviation Group (MAG) said group chairman Tan Sri Wan Zulkiflee Wan Ariffin has relinquished his position effective today.

Taobao's Beta English Interface Major Commitment To e-Commerce Market In Malaysia

By Puti Iylia Maisarah

KUALA LUMPUR, Sept 20 (Bernama) -- Taobao has made a major commitment to the Malaysian e-commerce market by launching a beta English interface aimed at improving accessibility and convenience for consumers, focused on localising its features.

Malaysia Must Focus More On Green Computing To Continue Attracting Data Centre Investments

By Mikhail Raj Abdullah

KUALA LUMPUR, Sept 20 (Bernama) -- Malaysia must focus more on green computing hardware and software to keep up with advancements in information technology (IT) infrastructure if it wants to continue attracting global data centre investments.

Ringgit Retreats Against US Dollar In Early Trade

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 20 (Bernama) -- The ringgit was lower against the US dollar in early trade on Friday as falling oil prices weighed on sentiment and as traders took profit after recent gains, analysts said.

Sulaiman Mahbob: Steering MIDA Through Economic Crossroads

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 20 (Bernama) -- As Tan Sri Sulaiman Mahbob concludes his tenure as chairman of the Malaysia Investment Development Authority (MIDA) on Sept 2, 2024, his leadership has left an indelible mark on Malaysia’s investment landscape.

Malaysia's Exports And Imports Of Goods To Recover, Rebound This Year -- MIDF

KUALA LUMPUR, Sept 19 (Bernama) -- MIDF Amanah Investment Bank Bhd has maintained its projection that Malaysia’s goods exports and imports will recover and rebound to 5.2 per cent and 11.2 per cent growth, respectively, in 2024, following a more robust performance in August.

Robust 1H 2024 Domestic Investments Show Country Not Dependent On Foreign Investments -- MIER

KUALA LUMPUR, Sept 19 (Bernama) -- Malaysia’s RM160 billion approved investments in the first half of 2024 (1H 2024), comprising RM85.4 billion in domestic investments (DI) and RM74.6 billion in foreign investments (FI), showed that the country is not overly dependent on FI to stimulate its economy.

Bina Darulaman Says External Auditor's Resignation A Routine Governance Practice

ALOR SETAR, Sept 19 (Bernama) -- Bina Darulaman Bhd today clarified that the resignation of its external auditor, KPMG PLT, effective Sept 9, 2024, was part of a routine governance practice.

MIDA Partners MIER To Strengthen Malaysia’s Investment Climate

KUALA LUMPUR, Sept 19 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and the Malaysian Institute of Economic Research (MIER) have established a strategic partnership focused on enhancing Malaysia’s economic and investment climate through data-driven research, analysis, and collaboration.

Gold Futures Close Higher After Fed's Bumper Rate Cut

KUALA LUMPUR, Sept 19 (Bernama) -- The gold futures contract on Bursa Malaysia Derivative ended higher following the expected interest rates cut by the United States Federal Reserve (Fed), analysts said. 

Ringgit Hits 28-month High Against USD

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Sept 19 (Bernama) -- The ringgit has continued to strengthen against the US dollar, hitting a 28-month high versus the greenback after the United States (US) Federal Reserve (Fed) kept to its words and delivered a 50-basis points interest rate cut last night,