Maintaining OPR At 2.75 Pct Provides Better Predictability In Borrowing Costs - Economist

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 5 (Bernama) -- Maintaining the Overnight Policy Rate (OPR) at 2.75 per cent would provide better predictability in borrowing costs, allowing Malaysians to plan capital expenditures and asset purchases with confidence, said an economist. 

Silicon X Achieves Key Milestone With Power-on Of Malaysia’s First FPGA Chip

GEORGE TOWN, Nov 5 (Bernama) -- Silicon X Sdn Bhd, a homegrown integrated circuit (IC) design company, has achieved a major milestone in Malaysia’s semiconductor industry with the successful power-on of its proprietary Field Programmable Gate Array (FPGA) chip, marking a significant step forward in the nation’s high-tech ambitions.

Ringgit Opens Steady Vs Greenback Ahead Of Rate Decisions

KUALA LUMPUR, Nov 5 (Bernama) -- The ringgit opened almost flat against the US dollar this morning as investors awaited lending rate decisions both domestically and in the United States.

Ringgit Rebounds As Weak US Data, Fed Uncertainty Weighs On Greenback

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 4 (Bernama) -- The ringgit rebounded to close higher on Tuesday as weaker US economic data and uncertainty over the US Federal Reserve's (Fed) next monetary policy move weighed on the greenback.

Boyd To Sell Thermal Business To Eaton For US$9.5 Bln 

KUALA LUMPUR, Nov 4 (Bernama) -- Boyd Corporation (Boyd), a global innovator in engineered materials and thermal solutions, has signed a definitive agreement to sell its Thermal business to intelligent power management company Eaton for US$9.5 billion. (US$1=RM4.19)

AM Best Affirms Excellent Ratings For South Korea’s KB Insurance

KUALA LUMPUR, Nov 3 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of South Korea’s KB Insurance Co Ltd (KBI), with a stable outlook.

Bending Spoons Raises US$710 Mln In Fresh Funding

KUALA LUMPUR, Nov 3 (Bernama) -- Bending Spoons, one of Europe’s leading technology companies, has raised US$710 million in equity at a pre-money valuation of US$11 billion. (US$1=RM4.17)

Ringgit Opens Near One-year High Against US Dollar Ahead Of MPC Meeting

KUALA LUMPUR, Nov 3 (Bernama) -- The ringgit opened higher against the US dollar on the first trading day of November, nearing its one-year high, with traders anticipating an unchanged overnight policy rate (OPR) at 2.75 per cent.

CIMB Treasury And Markets Research Expects BNM To Maintain OPR At 2.75 Pct In Final MPC Meeting

KUALA LUMPUR, Oct 31 (Bernama) -- CIMB Treasury & Markets Research expects Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at 2.75 per cent in its final Monetary Policy Committee (MPC)  meeting on Nov 6, underpinned by robust macroeconomic indicators.

Ringgit Likely To Trade On Positive Note Next Week Ahead Of BNM Policy Decision

KUALA LUMPUR, Nov 1 (Bernama) -- The ringgit is expected to maintain its positive momentum next week, with the upcoming Bank Negara Malaysia (BNM) Monetary Policy Committee’s (MPC) decision on the overnight policy rate (OPR) on Nov 6 likely to be the main highlight.

Ambiq Launches Apollo510 Lite SoC Series To Advance Ultra-Low-Power Edge AI

KUALA LUMPUR, Oct 31 (Bernama) -- Ambiq Micro Inc (Ambiq), a global provider of ultra-low-power semiconductor and artificial intelligence (AI) solutions, has introduced the Apollo510 Lite System-on-Chip (SoC) series, the latest addition to its Apollo5 family.

Sumang Unveils Refined Matcha Grading System

KUALA LUMPUR, Oct 31 (Bernama) -- Clean Jeju Green Tea Cooperative 'Sumang' has introduced a more refined grading system for its matcha products, a strategic move to diversify its premium tea portfolio and offer consumers a broader choice tailored to their specific needs.