Malaysia And Indonesia Renew Local Currency Bilateral Swap Agreement

JAKARTA, Sept 28 (Bernama) -- The renewal of the Local Currency Bilateral Swap Agreement (LCBSA) between Malaysia and Indonesia enables the exchange of local currencies between Bank Negara Malaysia (BNM) and Bank Indonesia (BI) with a value amounting to RM24 billion or IDR82 trillion for five years.

Short-term Rates Set To Remain Stable Next Week On Bnm's Operations

KUALA LUMPUR, Sept 28 (Bernama) -- Short-term interbank rates are expected to remain stable next week on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

FBM KLCI Futures Likely To Stay Steady Next Week

KUALA LUMPUR, Sept 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to move in tandem with the underlying cash market next week.

Rubber Market Is Expected To Trade At Equilibrium Next Week

KUALA LUMPUR, Sept 28 (Bernama) -- The local rubber market is expected to trade at equilibrium with supply and demand dynamics off-setting each other as trading activities will be curtailed to a certain extent due to the coming Golden Week holidays in China, said industry expert Denis Low.

Malaysia’s Gaming Industry Set To Attract Investments from Japan

By Durratul Ain Ahmad Fuad

TOKYO, Sept 27 (Bernama) -- Malaysia’s gaming industry is positioned for an increase in foreign investment, especially from Japan, according to the Malaysia Digital Economy Corporation (MDEC).

Digital Economy To Meet Or Exceed Projected 25.5 Pct Contribution To GDP By End-2025 - Gobind

KUALA LUMPUR, Sept 27 (Bernama) -- As Malaysia continues to attract investors, Digital Minister Gobind Singh Deo is confident that the digital economy will meet, or even exceed, the projected 25.5 per cent contribution to Malaysia’s gross domestic product (GDP) by the end of 2025.

BNM Seeks Feedback On Three-year Roadmap For Full Transition To MYOR/MYOR-i 

KUALA LUMPUR, Sept 27 (Bernama) -- Bank Negara Malaysia (BNM) is seeking feedback on a proposed three-year roadmap for the full transition to Malaysia Overnight Rate (MYOR) and Malaysia Islamic Overnight Rate (MYOR-i) alongside the cessation of the Kuala Lumpur Interbank Offered Rate (KLIBOR).

Ringgit Among Top Global Currencies, Soars To 4.12 Vs Greenback

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 27 (Bernama) -- The ringgit soared to 4.12 against the US dollar on Friday, emerging as one of the top-performing currencies globally.

Labuan To Embrace Vertical Farming To Boost Agro Sector, Food Security - KPKM

LABUAN, Sept 27 (Bernama) -- The Agriculture and Food Security Ministry (KPKM) is calling for Labuan to adopt vertical farming as a strategy to bolster its agricultural sector and address the ongoing food supply shortage. 

Sarawak Will Not Interfere In Affin Bank Operations - Abang Johari

KUCHING, Sept 27 (Bernama) -- The state government will not interfere in the business operations of Affin Bank, despite becoming its largest shareholder, said Sarawak Premier Tan Sri Abang Johari Tun Openg.  

Sarawak Becomes Largest Shareholder In Affin Bank With 31.25 Pct Stake

KUALA LUMPUR, Sept 27 (Bernama) -- The Sarawak state government, through its wholly-owned subsidiary, SG Assetfin Holdings Sdn Bhd, has finalised the share purchase agreement (SPA) of Affin Bank shares from Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd.

Bursa Malaysia Ends Lower On Profit-taking Amid Mixed Regional Performance 

By Karina Imran

KUALA LUMPUR, Sept 27 (Bernama) -- Bursa Malaysia saw another pullback at the close on Friday, largely due to profit-taking in selected heavyweight counters amid a mixed regional performance, said an analyst.