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Malaysia's International Reserves Up At US$116.4 Bln As At Jan 31, 2025

KUALA LUMPUR, Feb 7 (Bernama) -- Malaysia's international reserves rose to US$116.4 billion as at Jan 31, 2025, from US$115.5 billion on Jan 15, 2025, according to Bank Negara Malaysia (BNM).

Finalised SST Scope Of Expansion, Rate Review To Be Gazetted In 1Q 2025 - MOF

KUALA LUMPUR, Feb 7 (Bernama) -- The finalised sales and service tax (SST) scope of expansion and the review of the SST rates will be gazetted through subsidiary legislation in the first quarter (1Q) of 2025 after the engagement process is completed to allow sufficient preparation before enforcement of the changes.

Malaysia Committed To Export Controls, Denies AI Chip Smuggling Claims To China

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 7 (Bernama) – The Malaysian government takes seriously the allegation that the country is being used as a transit point for smuggling Nvidia artificial intelligence (AI) chips to China and is committed to complying with multilateral international export control regulations.

Bursa Malaysia Ends Higher Led By Energy Stocks, CI Up 0.67 Pct

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Feb 6 (Bernama) -- Bursa Malaysia closed higher on broad-based buying during the late session, with the market bellwether ending at an intraday high, driven by energy stocks, said an analyst.

ASEAN Economic Ministers To Endorse 18 Priority Economic Deliverables At Upcoming Retreat

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 6 (Bernama) -- ASEAN Economic Ministers (AEM) are set to endorse 18 Priority Economic Deliverables (PEDs) at the upcoming AEM’s Retreat in Johor at the end of February, aiming to drive regional economic integration, inclusivity, sustainability and digital trade.

Maybank IB Raises 2025 TIV Forecast By Five Pct To 790,000 Units

KUALA LUMPUR, Feb 5 (Bernama) -- Maybank Investment Bank (Maybank IB) has raised its total industry volume (TIV) forecast for this year by five per cent to 790,000 units, up from its previous estimate of 750,000 units.

Subsidies, Logistics Key To Stabilising Coconut Prices During Thaipusam, Says KLSICCI President

By Naveen Prabu Kuppusamy

KUALA LUMPUR, Feb 4 (Bernama) -- Ensuring stable prices for essential food items like coconuts during festive seasons requires continuing support through both subsidies and logistical measures, says Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry (KLSICCI) president Nivaas Ragavan.

Ringgit Opens Higher Against US Dollar As US Pauses Tariffs On Canada, Mexico 

KUALA LUMPUR, Feb 4 (Bernama) -- The ringgit opened higher against the US dollar as the United States (US) has paused import tariff hike on Canada and Mexico, coupled with softer US economic data, said an analyst.

CPO Futures Continue Uptrend On Higher Soybean And Crude Oil Prices

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 3 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, extending gains for the fifth consecutive day of trading on the back of stronger soybean oil and crude oil prices.

Bursa Malaysia Closes Lower Amid Heightened Risk Aversion

By Harizah Hanim Mohamed

KUALA LUMPUR, Feb 3 (Bernama) -- Bursa Malaysia finished easier on the first trading day of February as heightened risk aversion gripped the market following the United States (US) President Donald Trump’s administration's announcement of new tariffs.

BNM Issues Revised Policy Document On e-Money

KUALA LUMPUR, Jan 31 (Bernama) -- Bank Negara Malaysia (BNM) has issued a revised policy document on electronic money (e-money) and a revised set of Frequently Asked Questions (FAQ),  which comes into effect today.

Malaysia’s Export And Import Prices Higher In December 2024, Says DOSM

KUALA LUMPUR, Jan 28 (Bernama) -- Malaysia’s export prices rose by 1.1 per cent to 150.7 points in December 2024, compared to 149.1 points in the previous month, while import prices increased by 0.9 per cent to 128.0 points, driven by oil-based commodities and mineral fuels, according to the Department of Statistics Malaysia (DOSM).