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.

Gamuda Up In Early Trade Following Strong FY2024 Results

KUALA LUMPUR, Sept 27 (Bernama) -- Gamuda Bhd shares rose in early Friday trading following its strong performance in the financial year ended July 31, 2024 (FY2024), with annual revenue rising 63 per cent year-on-year to RM15 billion.

MIDF Expects Bursa Malaysia's Positive Momentum To Continue In 4Q And Into 2025

KUALA LUMPUR, Sept 26 (Bernama) -- MIDF Amanah Investment Bank Bhd expects Bursa Malaysia’s positive market momentum to continue in the last quarter of 2024 (4Q), driven by foreign inflows, underpinned by a healthy economy and a positive corporate earnings outlook.

ADB Raises 2024 Economic Growth Forecast For Developing Asia, The Pacific

JAKARTA, Sept 25 (Bernama) -- The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia and the Pacific to 5.0 per cent this year, up from the previous estimate of 4.9 per cent in April.

ADB Raises 2024 Economic Growth Forecast For Developing Asia, The Pacific

JAKARTA, Sept 25 (Bernama) -- The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia and the Pacific to 5.0 per cent this year, up from the previous estimate of 4.9 per cent in April.

RHB IB Estimates RM90 Bln Development Expenditure For Construction Sector In Budget 2025

KUALA LUMPUR, Sept 25 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has estimated a net development expenditure of around RM90 billion in Budget 2025 as Malaysia enters the final year of the 12th Malaysia Plan.

Inflation Rate To Trend Between 2.0 Pct And 2.3 Pct Yoy For 2024 - Analysts

KUALA LUMPUR, Sept 23 (Bernama) -- Analysts expect headline inflation to trend between 2.0 per cent and 2.3 per cent year-on-year (yoy) for the rest of 2024.

Malaysia’s Air Traffic Recovery To Hit 94 Pct In 2024 - MIDF

KUALA LUMPUR, Sept 23 (Bernama) -- Malaysia’s aviation passenger traffic is now forecast to recover to 94 per cent this year, a sharp increase from the modest four per cent growth initially projected, MIDF Research said.

Preqin Expects Global Alternative Markets To Surpass US$30 Trillion By 2030

KUALA LUMPUR, Sept 23 (Bernama) -- Preqin in its Future of Alternatives 2029 report forecasted the global alternatives industry to reach US$29.2 trillion in assets under management (AUM) by 2029, from US$16.8 trillion at the end of 2023. (US$1=RM4.20)

Rubber Market Is Expected To Trade Higher Next Week

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 21 (Bernama) -- The local rubber market is expected to trade higher next week due to a rubber supply shortage influenced by uncertain weather conditions in rubber-producing regions, said industry expert Denis Low.

Malaysia Urges ASEAN To Embrace A Shared Vision For Economic Growth - PM Anwar

KUALA LUMPUR, Sept 20 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Malaysia seeks for ASEAN to adopt a shared vision focused on the economy, trade, investments and collaboration among neighbouring nations to ensure the region remains vibrant.

Kenanga Maintains 2024 Export Growth Forecast At 7.3 Pct despite Rising Downside Risks

KUALA LUMPUR, Sept 20 (Bernama) -- Kenanga Investment Bank Bhd has maintained a positive outlook for exports, projecting a growth rate of 7.3 per cent for the year based on current indicators.