News In Brief: Sept 19, 2024
News In Brief: Sept 19, 2024
| LATEST NEWS | KPKM reduces dependence on imports of corn, soybeans, rice, onions following global geopolitical uncertainties - Mohamad | PM Anwar proposes regional standby arrangement on food security during crises | Malaysia supports accelerating implementation of ASEAN Framework on Petroleum Security Agreement - PM Anwar | ASEAN continues to call for peace and de-escalation, but must be realistic - PM Anwar | KL Declaration's energy security, supply chain stability are strategic imperatives amid West Asia crisis - PM Anwar | |
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Malaysia Joins Six Countries To Ratify UK’s Accession Into CPTPP
KUALA LUMPUR, Sept 20 (Bernama) -- Malaysia has officially ratified the United Kingdom's (UK) accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a significant milestone as it is effectively Malaysia’s first bilateral free trade agreement with the UK.
Capital A Rises In Early Trade On Network Expansion Plans In Indonesia
KUALA LUMPUR, Sept 20 (Bernama) -- Capital A Bhd rose in early trade today following plans to expand its network in Indonesia, particularly in East Nusa Tenggara.
Bursa Malaysia Higher In Early Trade
KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia moved higher in early trade today, tracking a rally on Wall Street overnight.
Malaysia's Exports And Imports Of Goods To Recover, Rebound This Year -- MIDF
KUALA LUMPUR, Sept 19 (Bernama) -- MIDF Amanah Investment Bank Bhd has maintained its projection that Malaysia’s goods exports and imports will recover and rebound to 5.2 per cent and 11.2 per cent growth, respectively, in 2024, following a more robust performance in August.
Robust 1H 2024 Domestic Investments Show Country Not Dependent On Foreign Investments -- MIER
KUALA LUMPUR, Sept 19 (Bernama) -- Malaysia’s RM160 billion approved investments in the first half of 2024 (1H 2024), comprising RM85.4 billion in domestic investments (DI) and RM74.6 billion in foreign investments (FI), showed that the country is not overly dependent on FI to stimulate its economy.
MIDA Partners MIER To Strengthen Malaysia’s Investment Climate
KUALA LUMPUR, Sept 19 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and the Malaysian Institute of Economic Research (MIER) have established a strategic partnership focused on enhancing Malaysia’s economic and investment climate through data-driven research, analysis, and collaboration.
Eco World 3Q Net Profit Rises To RM80.44 Mln
KUALA LUMPUR, Sept 19 (Bernama) -- Eco World Development Group Bhd’s net profit for the third quarter ended July 31, 2024 (3Q 2024) increased to RM80.44 million from RM66.33 million last year.
FBM KLCI Futures End Higher, Tracking Cash Market's Performance
KUALA LUMPUR, Sept 19 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended higher today, in line with the performance of the underlying cash market.
Air Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 - MAVCOM
KUALA LUMPUR, Sept 19 (Bernama) -- Malaysian airports served 8.7 million air passengers in August, a 12.7 per cent growth from the 7.7 million passengers recorded in August 2023, reflecting continued robust growth across both international and domestic sectors.
PKNS Allocates RM0.5 Mln To Help Entrepreneurs Participate In International Exposition
KUALA LUMPUR, Sept 19 (Bernama) -- The Selangor State Development Corporation (PKNS) has allocated more than RM0.5 million to help potential entrepreneurs participate in international exposition in the country to expand their businesses.
Bursa Malaysia Ends Higher As US Interest Rate Cut Lifts Regional Sentiment
By Siti Radziah Hamzah
KUALA LUMPUR, Sept 19 (Bernama) -- Bursa Malaysia ended higher on Thursday on persistent buying interest as the US Federal Reserve's (Fed) interest rate cut by half a percentage point lifted regional market sentiment.