IMF Cuts Malaysia 2025 GDP To 4.1 Pct On Regional Slowdown

KUALA LUMPUR, April 23 (Bernama) -- The International Monetary Fund has downgraded Malaysia’s real gross domestic product (GDP) growth forecast for 2025 to 4.1 per cent, from 4.7 per cent previously, reflecting a broader downward revision across the region.

Sidra Capital Unveils Shariah-Compliant Fund For Australian Mining And Energy

KUALA LUMPUR, April 23 (Bernama) -- Sidra Capital, a global manager of Shariah-compliant alternative investments, has launched an Australian private credit investment fund focusing on the mining and energy sector in the country.

Tariffs: MITI Committed To Finding Best Solution For Malaysia -- Tengku Zafrul

KUALA LUMPUR, April 23 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) is committed to seeking the best solution regarding retaliatory tariffs for mutual benefit, said its Minister Tengku Datuk Seri Zafrul Abdul Aziz, who is currently in Washington, United States of America (US).

Ringgit Opens Flat As Market Eyes US Fed Leadership Signals

KUALA LUMPUR, April 23 (Bernama) -- The ringgit opened almost flat against the dollar, as market sentiment remained fixated on the US President’s conflicting remarks about the Federal Reserve (Fed) chairman’s position.

Southern Steel To Sell 55 Pct Stake In Subsidiary To BRC Asia For RM61.05 Mln

KUALA LUMPUR, April 22 (Bernama) --  Southern Steel Bhd (SSB) has agreed to sell a 55 per cent stake in wholly owned subsidiary Southern Steel Mesh Sdn Bhd (SSM) to Singapore-based BRC Asia Ltd for RM61.05 million cash in a related party transaction.

Ringgit Eases Against US Dollar Amid Global Economic Uncertainties

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 22 (Bernama) -- The ringgit retreated versus the US dollar at the close today due to renewed concerns over global economic uncertainties and mixed signals from the United States’ (US) monetary policy front, said an economist.

TMD Energy Debuts On NYSE American, First Malaysian Bunker Supplier To Do So

KUALA LUMPUR, April 22 (Bernama) -- Integrated marine bunkering services provider TMD Energy Ltd began trading on the NYSE American under the ticker symbol “TMDE”, becoming the first Malaysian marine bunker supplier to list on a major US exchange.

Ringgit Opens Higher, Traders Eye Key RM4.36 Support

By Harizah Hanim Mohamed

KUALA LUMPUR, April 22 (Bernama) -- The ringgit extended its gains against the US dollar at the opening on Tuesday, with the local note poised to test its immediate support level at RM4.36.

JS-SEZ Offers Spillover Potential For SMEs To Tap Wider Markets – Tengku Zafrul

JOHOR BAHRU, April 21 (Bernama) – Small and medium enterprises (SMEs) play a vital role in the growth of the Johor-Singapore Special Economic Zone (JS-SEZ), as they stand to gain significantly from the spillover effects, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Johor Moots ASEAN Industrial Park Set-up In JS-SEZ

JOHOR BAHRU, April 21 (Bernama) -- The Johor state government is mooting the establishment of the ASEAN industrial park within the Johor-Singapore Special Economic Zone (JS-SEZ), Menteri Besar Datuk Onn Hafiz Ghazi said.

JS- SEZ To Strengthen ASEAN’s Supply Chain Resilience – Tengku Zafrul

JOHOR BAHRU, April 21 (Bernama) -- The Johor-Singapore Special Economic Zone (JS-SEZ) is set to enhance ASEAN's supply chain efficiency and resilience, said Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Abdul Aziz.

CIMB Commits RM10 Bln To Boost Johor-Singapore Special Economic Zone

KUALA LUMPUR, April 21 (Bernama) -- CIMB Group Holdings Bhd (CIMB) has committed RM10 billion in funding facilities to drive economic integration and unlock cross-border opportunities in the Johor-Singapore Special Economic Zone (JS-SEZ).