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PHB Net Profit Surges Over Threefold To RM117.2 Mln In FY2024

KUALA LUMPUR, March 20 (Bernama) -- Pelaburan Hartanah Bhd’s (PHB) net profit for the financial year ended Dec 31, 2024 (FY2024) more than tripled to RM117.2 million from RM31.7 million in the previous year. 

Ringgit Ends Higher Against US Dollar On Dovish Signal From The Fed

By Danni Haizal Danial Donald

KUALA LUMPUR, March 20 (Bernama) -- The ringgit ended higher against the US dollar on Thursday as the US Federal Reserve (Fed) maintained its benchmark interest rate but signalled that the rate-cutting narrative remained on track.

Top Glove On Track To Achieve 43 Bln Sales Volume Target By End Of FY2025

KUALA LUMPUR, March 20 (Bernama) -- Top Glove Corporation Bhd is on track to achieve its sales volume target of 43 billion pieces of gloves by the end of the financial year ending Aug 31, 2025 (FY2025), driven by increasing orders and improved operational efficiency.

Foreign Investors Boost Presence In Domestic Market; Trading Share Surges 36.2 Pct In 2024

KUALA LUMPUR, March 20 (Bernama) – Foreign investors’ participation in the domestic market has increased in 2024, accounting for 36.20 per cent of total trading activity, up from 29.51 per cent in 2023.

Malaysia Poised To Strengthen Capital Market With Family Offices - SC

KUALA LUMPUR, March 20 (Bernama) -- Malaysia is well-positioned to strengthen its capital market, local businesses, and global competitiveness, backed by a conducive environment for family offices and a robust regulatory framework that encourages reinvestment of wealth within the country, said the Securities Commission Malaysia (SC).

Uncertainty, Geopolitical Risks To Shape Malaysia’s Capital Market In 2025 – SC

KUALA LUMPUR, March 20 (Bernama) -- The Securities Commission Malaysia (SC) said the Malaysian capital market in 2025 will remain influenced by key risk factors, including uncertainties in financial conditions.

INSKEN Aims To Train 17,552 Entrepreneurs Through 13 Programmes This Year - Ramanan

KUALA LUMPUR, March 20 (Bernama) -- Institut Keusahawanan Negara Berhad (INSKEN) aims to train and mentor 17,552 entrepreneurs through 13 programmes this year to enhance their competitiveness.

MSM Plans Tg Langsat As Sugar Export Hub, Eyes New Markets

By Norsyafawati Ab Wahab 

KUALA LUMPUR, March 20 (Bernama) -- MSM Malaysia Holdings Bhd, the country’s leading refined sugar producer, plans to transform its Tanjung Langsat factory in Johor into an export hub within the next two to three years.  

Bursa Malaysia Opens Higher, Tracking Wall Street Gains

KUALA LUMPUR, March 20 (Bernama) -- Bursa Malaysia opened higher, tracking Wall Street’s overnight gains after the US Federal Reserve (Fed) kept interest rates unchanged and reaffirmed its forecast for two rate cuts this year.  

Ringgit Rises 0.24 Pct Against US Dollar

By Karina Imran

KUALA LUMPUR, March 19 (Bernama) -- The ringgit closed firmer against the US dollar on Wednesday, gaining 0.24 per cent to 4.4330/4400 from Monday’s close of 4.4450/4490, amid cautious sentiment ahead of the outcome of the United States (US) Federal Open Market Committee (FOMC) meeting later today.

Bursa Malaysia Ends Lower On Lack Of Buying Catalysts

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, March 19 (Bernama) -- Bursa Malaysia’s benchmark index ended the day broadly lower, driven primarily by selling in construction and banking sectors, while healthcare stocks saw some buying interest, an analyst said.

Rubber Market Closes Lower Amid Weaker Crude Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, March 19 (Bernama) -- The Malaysian rubber market closed slightly lower on Wednesday due to losses in crude oil prices and a stronger ringgit against the US dollar, a dealer said.