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Ringgit Continues Downtrend Amid Uncertainty Over US Presidential Election

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 23 (Bernama) -- The ringgit continued to weaken against the US dollar on Wednesday as uncertainty surrounding the outcome of the US presidential election on Nov 5 weighed on the local currency.

CIDB Calls On Construction Sector To Focus On Sustainable Method

KUALA LUMPUR, Oct 23 (Bernama) -- The construction sector has been urged to focus on sustainable methods, energy-efficient designs and the use of green materials to ensure that the industry thrives economically and contributes positively to the environment and society.

Capital A Proposes Capital Reduction Of Up To RM6 Bln

KUALA LUMPUR, Oct 23 (Bernama) -- Capital A Bhd has proposed to reduce its issued share capital by up to RM6 billion as part of a regularisation plan to exit its Practice Note 17 (PN17) status. 

NIQ Expands Media Portfolio With Marketing Mix Modelling Solutions 

KUALA LUMPUR, Oct 23 (Bernama) -- NIQ, the world’s leading global consumer intelligence company, has launched Marketing Mix Modelling solutions (MMM), helping global clients streamline their marketing investments and effectiveness.

Malaysia's Courier Market Expected To Hit US$1.58 Bln In 2025 - Teo

KUALA LANGAT, Oct 23 (Bernama) -- Malaysia’s courier, express, and parcel market is expected to reach US$1.58 billion (US$1=RM4.32) next year, driven by rising e-commerce demand and infrastructure improvements, said Deputy Communication Minister Teo Nie Ching. 

Govt To Ensure Construction Sector Remains Competitive, Sustainable - PM Anwar

KUALA LUMPUR, Oct 23 Bernama) -- The government is taking proactive steps to ensure that the construction industry remains competitive and sustainable amid expectations of rising tender prices, said Prime Minister Datuk Seri Anwar Ibrahim.

Kenanga Investment Maintains 2024 GDP Growth Forecast At 5.0 Pct

KUALA LUMPUR, Oct 23 (Bernama) -- Kenanga Investment Bank Bhd has maintained its forecast for Malaysia’s gross domestic product growth at 5.0 per cent for 2024 and expects it to moderate to 4.8 per cent in 2025.

Govt To Ensure Construction Sector Remains Competitive, Sustainable - PM

KUALA LUMPUR, Oct 23 (Bernama) --  The government is taking proactive steps to ensure that the construction industry remains competitive and sustainable amid expectations of rising tender prices, said Prime Minister Datuk Seri Anwar Ibrahim.

Three Companies Qualify For Online Bid To Supply Renewable Energy

KUALA LUMPUR, Oct 23 (Bernama) -- Three companies have met all the requirements to participate in the online bidding on June 16, 2024, for a pilot project to supply renewable energy (RE) across borders to Singapore via Energy Exchange Malaysia (ENEGEM).

7,400 Companies Using E-invoice System; 58 Mln E-invoices Issued As At Oct 14 -- MoF

KUALA LUMPUR, Oct 23 (Bernama) -- A total of 7,400 companies have adopted the e-invoice system, with 58 million e-invoices issued as of Oct 14, 2024, according to the Ministry of Finance (MoF).

Ringgit Rebounds Slightly Vs USD In Early Trade

KUALA LUMPUR, Oct 23 (Bernama) -- The ringgit edged up against the US dollar in the early session on Wednesday, amidst cautious sentiments on the global economic front as recent losses prompted some investors to shift towards emerging currencies, said an analyst.

Diesel Subsidy Claims Down By 51.6 Pct In August Vs May -- Economy Ministry

KUALA LUMPUR, Oct 22 (Bernama) -- Diesel subsidy claims by oil companies for August 2024 have decreased by 51.6 per cent against claims in May 2024 since the June 10 2024 implementation of targeted diesel subsidy, said the Economy Ministry.