RON95 Subsidy Takes Longer Time To Ensure Careful Execution, Avoid Affecting The People -- MOF

KUALA LUMPUR, Nov 3 (Bernama) -- The government is taking a longer time to implement the RON95 fuel subsidy rationalisation compared to other subsidies to ensure that the implementation is carried out carefully and does not negatively affect the people.

AM Best Affirms Excellent Ratings For South Korea’s KB Insurance

KUALA LUMPUR, Nov 3 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of South Korea’s KB Insurance Co Ltd (KBI), with a stable outlook.

Ringgit Opens Near One-year High Against US Dollar Ahead Of MPC Meeting

KUALA LUMPUR, Nov 3 (Bernama) -- The ringgit opened higher against the US dollar on the first trading day of November, nearing its one-year high, with traders anticipating an unchanged overnight policy rate (OPR) at 2.75 per cent.

APEC Revises 2025 Growth Outlook To 3.1 Pct Despite Global Challenges

From Nor Baizura Basri

GYEONGJU (South Korea), Oct 30 (Bernama) -- The growth in the Asia-Pacific Economic Cooperation (APEC) region has been revised upward to 3.1 per cent this year, slightly higher than the earlier forecast of three per cent, supported by resilient trade activity and robust demand for high-tech goods.

BNM Says Consultation, Agreement With US Treasury In Line With Existing Practice

KUALA LUMPUR, Oct 29 (Bernama) -- Bank Negara Malaysia (BNM) has said its close consultation and agreement with the US Treasury reflect existing practices and “do not in any way affect the ability to independently formulate monetary policy, or our ability to safeguard the stability and value of the ringgit.”

Bursa Malaysia Tracks Wall Street's Positive Sentiment To Open Higher

KUALA LUMPUR, Oct 27 (Bernama) -- Bursa Malaysia opened higher today, supported by persistent buying interest in heavyweights across the board and continued optimism following positive Wall Street performance last Friday.

Ringgit Likely To Trade In Narrow Range Next Week Amid Fed Uncertainty

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 25 (Bernama) -- The ringgit is expected to remain range-bound against the US dollar next week as cautious sentiment prevails ahead of the upcoming Federal Open Market Committee (FOMC) meeting.

Gold Futures Likely To Trade Cautiously Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 25 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are likely to trade cautiously next week, hovering within a narrow range of US$4,050 to US$4,100 per ounce as market participants reassess positions amid ongoing profit-taking.

FBM KLCI Likely To Maintain Mildly Positive Momentum Next Week

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 25 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to maintain a mildly positive bias next week, supported by sustained buying interest above the 1,600 psychological level.

Ringgit Ends Marginally Higher Ahead Of US CPI Data Report

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 24 (Bernama) -- The ringgit ended marginally higher against the greenback today as investors turned cautious ahead of the release of the United States (US) Consumer Price Index (CPI) data.

Ringgit Opens Higher Against Greenback Ahead Of US Inflation Data

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 24 (Bernama) -- The ringgit continued to strengthen against the US dollar on Friday, ahead of a US inflation report later tonight, an analyst said.

FBM KLCI Ends At Intraday High On Late Bargain Hunting

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia’s benchmark index reversed earlier losses to end at an intraday high today, supported by mild bargain hunting in several key index heavyweights.