Bursa Malaysia Opens Lower, Tracking Weaker Wall Street Performance

KUALA LUMPUR, Nov 13 (Bernama) -- Bursa Malaysia opened lower today, tracking Wall Street’s weaker performance overnight ahead of US inflation data tonight.

Ringgit Opens Marginally Higher Against US Dollar

KUALA LUMPUR, Nov 13 (Bernama) -- The ringgit opened marginally higher against the US dollar today despite the US Dollar Index’s (DXY) strengthening, which should accelerate demand for the greenback. 

MIDA Identifies 12 Egyptian Companies Interested In Investing In Malaysia - Tengku Zafrul

From Nashir Mansor

CAIRO, Nov 12 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) through its agency the Malaysian Investment Development Authority (MIDA) has identified 12 leading Egyptian manufacturing companies interested in exploring investment opportunities in Malaysia.

Paragon Globe Secures Right To Develop 3 Land Parcels With RM733.12 Mln GDV

KUALA LUMPUR, Nov 12 (Bernama) -- Paragon Globe Properties Sdn Bhd, a wholly-owned subsidiary of Paragon Globe Bhd (PGB), has secured the rights to develop a 28.94-hectare site in Iskandar Puteri, Johor, with a gross development value (GDV) of RM733.12 million.

Any Form Of Protectionism Will Affect Trade And Investment - PM Anwar

KUALA LUMPUR, Nov 12 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said that any form of protectionism will affect countries in terms of trade and investment.

APEC Growth Seen Moderating To 3.1 Pct In 2025 Amid Rising Debt, Geopolitical Risk

From M. Saraswathi

LIMA (Peru), Nov 12 (Bernama) -- Economic and geopolitical factors are slowing growth in the Asia Pacific Economic Cooperation (APEC) region, which consists of 21 member economies, according to the APEC Regional Trends Analysis report.

Govt Expands Collaboration With Global Semiconductor Players -- MITI

KUALA LUMPUR, Nov 12 (Bernama) -- The government is strengthening ties with developed countries and leading multinational companies in the semiconductor industry in an effort to increase technological collaboration, said the Ministry of Investment, Trade and Industry (MITI).

CPO Futures Close Lower On Weaker Export Pace, Snapping Four-day Winning Streak

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a four-day winning streak to end lower today as a weaker export pace weighed on prices, said a dealer.

Repatriate Foreign Investment Income, Without Selling Overseas Assets -- Amir Hamzah

KUALA LUMPUR, Nov 12 (Bernama) -- The government's concerted measure to encourage government-linked companies (GLCs), government-linked investment companies (GLICs) and corporates to consistently repatriate foreign investment income and convert them into ringgit does not involve the sale of assets and their investments abroad.

SST Enhancements Expected To Help Generate RM51.7 Bln Revenue In 2025 -- Amir Hamzah

KUALA LUMPUR, Nov 12 (Bernama) -- The enhancements to the Sales and Service Tax (SST), effective from May 1, 2025, are expected to help generate revenue of RM51.7 billion in 2025, according to Finance Minister II Datuk Seri Dr Amir Hamzah Azizan.

PM Anwar Launches Operation Of Proton Assembly Factory In Egypt

CAIRO, Nov 12 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today launched the operation of the Proton Holdings Bhd car assembly plant here.

Malaysia Poised To Become ASEAN's Regional Hub For EV Manufacturing -- Liew Chin Tong

KUALA LUMPUR, Nov 12 (Bernama) -- Malaysia has significant potential to become a regional hub for electric vehicle (EV) manufacturing in ASEAN, thanks to its 40-year history in automotive production since 1983 and its strong semiconductor cluster, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong.