Gold Futures End Higher, Tracking US COMEX Gains

KUALA LUMPUR, Oct 23 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today, tracking the positive performance of the US COMEX gold market.

AM Best Affirms Excellent Credit Ratings For Marble Reinsurance

KUALA LUMPUR, Oct 23 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Micronesia’s Marble Reinsurance Corporation (Marble Re), maintaining a stable outlook.

Hologic To Be Acquired By Blackstone, TPG In US$18.3 Bln Deal

KUALA LUMPUR, Oct 22 (Bernama) -- Hologic Inc announced it has entered into a definitive agreement to be acquired by funds managed by Blackstone and TPG in a transaction valued at up to US$79 per share, representing an enterprise value of up to US$18.3 billion. (US$1=RM4.22)

Appian, IFC Launch US$1 Bln Mining Fund For Emerging Markets

KUALA LUMPUR, Oct 21 (Bernama) -- Appian Capital Advisory Limited (Appian), the investment advisor to long-term value-focused private capital funds, has launched a critical minerals, metals and mining fund for emerging markets in partnership with International Finance Corporation (IFC), a member of the World Bank Group.

Sound Governance, Fiscal Discipline Key To Sustaining Malaysia’s Economic Transformation

KUALA LUMPUR, Oct 21 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has emphasised the importance of strong governance, fiscal discipline and education as Malaysia continues to restructure its economy amid efforts to strengthen growth and reduce inequality.

Govt Fiscal Policy To Balance Economic Growth And People’s Needs, Says Treasury Sec-gen

PUTRAJAYA, Oct 20 (Bernama) -- The government's fiscal policy remains committed to supporting the country's development objectives while ensuring that the well-being of the people continues  to be a top priority, Treasury secretary-general Datuk Johan Mahmood Merican said.

BUDI95: 300 Litres Sufficient For Normal Use -- Treasury Sec-gen

PUTRAJAYA, Oct 19 (Bernama) -- Based on the government data, the 300-litre petrol subsidy quota provided under the BUDI MADANI RON95 (BUDI95) programme is sufficient for normal personal use, said Treasury secretary-general Datuk Johan Mahmood Merican.

Ringgit Seen Trading Cautiously Against US Dollar Next Week Amid Mixed Market Sentiment

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 18 (Bernama) -- The ringgit is expected to trade cautiously against the US dollar next week amid mixed market sentiment, with strong domestic factors continuing to support the local note, but weighed by global trade uncertainty.

Discussions Ongoing On Alternative Incentives For EV Adoption -- Tengku Zafrul

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 16 (Bernama) -- Discussions are underway on alternative initiatives to encourage electric vehicle (EV) adoption following the removal of excise duty exemptions on completely built-up (CBU) EVs starting in 2026, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia’s GDP Growth To Stay Above 4 Pct Through 2026 -- MARC Ratings

KUALA LUMPUR, Oct 15 (Bernama) -- Malaysia’s economy is expected to sustain growth of above four per cent in 2025 and 2026, driven by resilient domestic demand, major infrastructure projects and ongoing structural reforms, Malaysian Ratings Bhd said.

ASEAN's Energy Transition No Longer Aspirational But Competitive Necessity - UEM Group

KUALA LUMPUR, Oct 15 (Bernama) -- The road to energy transition and renewable energy (RE) in the ASEAN region is no longer aspirational but a competitive necessity, said UEM Group Bhd managing director Datuk Amran Hafiz Affifudin.

BNM Remains Optimistic On Ringgit's Outlook Supported By Strong Economy - Governor 

By Karina Imran

KUALA LUMPUR, Oct 15 (Bernama) -- Bank Negara Malaysia (BNM) remains optimistic about the trajectory of the ringgit, underpinned by Malaysia’s strong economic fundamentals and structural reforms.