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Ringgit Opens Marginally Higher Vs USD Amidst Global Interest Rate Cuts Gaining Momentum

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 17 (Bernama) -- The ringgit opened marginally higher against the US dollar on Thursday, with the US Dollar Index (DXY) increasing by 0.2 per cent to 103.47 points, as global interest rate cuts gained momentum, while the United States (US) Federal Reserve seemed hesitant to follow suit.

Budget 2025 To Help Those Caught In Relentless Struggle Against Rising Cost Of Living

KUALA LUMPUR, Oct 17 (Bernama) – Budget 2025 will be a delicate balance between maintaining economic growth and ensuring that the welfare of the most vulnerable segments of society comprising low-income earners, single mothers and people with disabilities are looked after against a backdrop of rising prices.

MAVCOM On Track To Meet Passenger Traffic forecast Of Up To 97.6 Million This Year

KUALA LUMPUR, Oct 16 (Bernama) -- The Malaysian Aviation Commission (MAVCOM) is expected to meet its narrowed down passenger traffic forecast of between 95.4 million and 97.6 million passengers this year supported by the continued robust recovery of the Malaysian aviation sector in the first six months of 2024 (1H2024).

Malaysia, The Key Gateway For Taiwan's Exports To Asian Countries

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 16 (Bernama) -- Malaysia serves as a key gateway for Taiwan's exports to Asian countries due to the many parallels in their development journeys, said Kaohsiung Deputy Mayor Charles Lin.

CPO Futures Rebound To Close Higher Tracking Bullish CBOT Soybean Oil

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 16 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, tracking gains in the Chicago Board of Trade’s soybean oil futures overnight.

BIMP-EAGA Must Continue To Strengthen Cooperation To Address Development Gaps

KOTA KINABALU, Oct 16 (Bernama) -- The Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA) must continue to strengthen cooperation and work closely together to address development gaps, said Sabah Deputy Chief Minister II Datuk Seri Dr Joachim Gunsalam.

Development Of Manufacturing Sector Cluster In Central Region Should Be Made Strategic Initiative - PM Anwar

KUALA LUMPUR, Oct 16 (Bernama) -- The development of a special industrial cluster in the manufacturing sector in the Central Region needs to be prioritised as a strategic initiative of the MADANI Government to strengthen the country's position as an investment hub, said Prime Minister Datuk Seri Anwar Ibrahim.

Ringgit Strengthens Against Major Currencies On Positive Budget Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 16 (Bernama) -- The ringgit appreciated against the US dollar and other major currencies at the close today, driven by positive sentiment ahead of the tabling of the national budget this Friday, said SPI Asset Management managing director Stephen Innes.

Sime Darby to Enhance ROE, Plans Strategic Growth for FY2025

KUALA LUMPUR, Oct 16 (Bernama) -- Sime Darby Bhd aims to enhance its return on equity (ROE), reduce debt, prioritise the integration of new acquisitions and strengthen its partnership with Toyota and Daihatsu Japan in the financial year 2025 (FY2025).

Fajarbaru Unit Secures RM246.10 Mln Contract From WCT Holdings

KUALA LUMPUR, Oct 16 (Bernama) -- Fajarbaru Builder Group Bhd’s wholly-owned subsidiary, Fajarbaru Builder Sdn Bhd (FBSB), has secured a contract from WCT Construction Sdn Bhd, an indirect subsidiary of WCT Holdings Bhd, to undertake the second phase development of AdisonWest located in Larkinton, Johor Bahru, worth RM246.10 million. 

Global Commercialisation Strategies Set To Boost Malaysian Tech Startups, Scaleups -- MDEC

From Nurunnasihah Ahmad Rashid

DUBAI, Oct 16 (Bernama) -- Malaysia’s focus on global commercialisation strategies is set to drive significant economic impact for local tech startups and scaleups, particularly as the nation positions itself as the digital gateway to ASEAN.

Chinese Companies Should Consider Malaysia As Regional Hub, Set Up Headquarters - Liew

By Zarul Effendi Razali

HAINAN (China), Oct 16 (Bernama) -- Chinese companies should consider Malaysia an ideal destination to set up regional headquarters, from which they can expand internationally through Malaysia, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.