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Main Market-bound Azam Jaya Bhd Aims To Raise RM61.5 Mln From IPO

KUALA LUMPUR, Oct 18 (Bernama) – Sabah-based major road infrastructure construction player, Azam Jaya Bhd aims to raise RM61.5 million from its initial public offering (IPO), pursuant to its listing on the Main Market of Bursa Malaysia on Nov 11, 2024.

 

RHB IB Keeps 'Neutral' Call On Transportation Sector

KUALA LUMPUR, Oct 18 (Bernama) -- RHB Investment Bank (RHB IB) maintained its “neutral” call on the transportation sector despite ocean freight capacity shortage anticipated to persist in the near term and air cargo is expecting a strong peak season driven by holiday demand.

Bursa Malaysia Higher Across The Board At Midday

KUALA LUMPUR, Oct 18 (Bernama) -- Bursa Malaysia was higher across the board at midday today, in line with most regional peers and tracking Wall Street’s positive overnight performance, said an analyst. 

Malaysia's Trade Records 10.2 Pct Jump, Exceeds RM2 Trillion Mark In First Nine Months Of 2024

KUALA LUMPUR, Oct 18 (Bernama) -- Malaysia’s trade from January to September 2024 rose 10.2 per cent to RM2.139 trillion, surpassing the RM2 trillion threshold in just nine months, compared to 10 months in 2023, said the Ministry of Investment, Trade and Industry (MITI).

Household Spending To Grow By 5 Pct  Y-o-y Over 2025 To RM952.6 Billion - BMI

KUALA LUMPUR, Oct 18 (Bernama) -- BMI, a unit of Fitch Solutions, has forecast household spending to grow by 5 per cent year-on-year in 2025, in real terms, to a value of RM952.6 billion.

FBM KLCI Futures Lower In Early Trade

KUALA LUMPUR, Oct 18 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures were lower in early trade today.

Bursa Malaysia Opens Marginally Higher On Cautious Trading

KUALA LUMPUR, Oct 18 (Bernama) -- Bursa Malaysia opened marginally higher on cautious trading ahead of Budget 2025 to be tabled later today, analyst said.

Ringgit Opens Marginally Higher versus US Dollar, Traders Await Budget 2025

KUALA LUMPUR, Oct 18 (Bernama) -- The ringgit traded slightly higher against the US dollar at the opening as traders anticipated that the local currency would trade sideways while focusing on next year's fiscal deficit targets, even as global banks continued to pursue easy monetary policies.

Malaysia Needs RM85.7 Bln R&D Investment To Achieve NSTIP 2021-2030 Targets - MOSTI

KUALA LUMPUR, Oct 17 (Bernama) -- A total investment of RM85.7 billion in research and development (R&D) is required to achieve the targets set by the National Science, Technology and Innovation Policy (NSTIP) 2021-2030, according to the Ministry of Science, Technology, and Innovation (MOSTI).

Salcon Bags External Water Reticulation Contract Worth RM18.50 Mln

KUALA LUMPUR, Oct 17 (Bernama) -- Salcon Bhd’s wholly-owned subsidiary, Salcon Engineering Bhd has bagged a RM18.50 million contract from LTE Engineers Sdn Bhd, on behalf of F&N AgriValley Sdn Bhd.

ASEAN Countries Actively Working On Promoting Collaboration In Halal Sector - MITI

KUALA LUMPUR, Oct 17 (Bernama) -- Several efforts involving cooperation between ASEAN countries are being implemented to promote halal-related products and services, according to the Ministry of Investment, Trade and Industry (MITI).

CPO Futures End Lower Amid Weaker Soybean Futures

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 17 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Thursday due to weakness in Chicago Board of Trade soybean oil futures, palm oil trader David Ng said.