DHL Investing RM300 Mln On KL Gateway Facility

SEPANG, Oct 28 (Bernama) -- DHL Express has increased its investment in Malaysia with the launch of its new RM300 million Kuala Lumpur Gateway facility -- its largest local investment to-date.

Kenanga Investment Maintains 2024 GDP Growth Forecast At 5.0 Pct

KUALA LUMPUR, Oct 23 (Bernama) -- Kenanga Investment Bank Bhd has maintained its forecast for Malaysia’s gross domestic product growth at 5.0 per cent for 2024 and expects it to moderate to 4.8 per cent in 2025.

Budget 2025 Measures Show Strong Support For Semiconductor Sector - Tengku Zafrul

KUALA LUMPUR, Oct 22 (Bernama) -- Budget 2025 has set aside sizable funds, both fiscal and non-fiscal, towards ensuring the success of the National Semiconductor Strategy (NSS), which is part of the New Industrial Master Plan 2030 (NIMP 2030).

Ringgit Closes Flat Against US Dollar Amid Middle East Tensions

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 21 (Bernama) -- The ringgit closed almost flat against the US dollar on Monday as markets remained cautious about the geopolitical developments engulfing the Middle East, while the US Dollar Index (DXY) stayed well supported.

NIMP 2030 Succeeds In Raising Value Added, Jobs, Median Salary In Manufacturing Sector -- Tengku Zafrul

KUALA LUMPUR, Oct 21 (Bernama) -- The Investment, Trade and Industry Ministry (MITI) is confident of achieving the first-year targets of the New Industrial Master Plan 2030 (NIMP 2030), having already fulfilled three of the main indicators set, according to its minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia's Economy Expands 5.3 Pct In 3Q, Says DOSM Advance Estimates

KUALA LUMPUR, Oct 21 (Bernama) -- Department of Statistics Malaysia (DoSM) has reported that advance estimates indicate Malaysia's economy grew by 5.3 per cent in the third quarter (3Q) of 2024, following a robust 5.9 per cent growth in the preceding quarter.

Malaysian Labour Market Projected To Remain Stable In 2025

KUALA LUMPUR, Oct 18 (Bernama) – The Malaysian labour market is projected to remain stable in 2025, boosted by better domestic and foreign economic growth prospects.

Malaysia's Economy To Grow 4.5 -5.5 Pct In 2025 - MOF

KUALA LUMPUR, Oct 18 (Bernama) -- Malaysia's economy is projected to grow between 4.5 per cent and 5.5 per cent in 2025, against 4.8 per cent and 5.3 per cent in 2024, said the Ministry of Finance (MoF).   

Ringgit Opens Marginally Higher versus US Dollar, Traders Await Budget 2025

KUALA LUMPUR, Oct 18 (Bernama) -- The ringgit traded slightly higher against the US dollar at the opening as traders anticipated that the local currency would trade sideways while focusing on next year's fiscal deficit targets, even as global banks continued to pursue easy monetary policies.

Ringgit Opens Marginally Higher Vs USD Amidst Global Interest Rate Cuts Gaining Momentum

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 17 (Bernama) -- The ringgit opened marginally higher against the US dollar on Thursday, with the US Dollar Index (DXY) increasing by 0.2 per cent to 103.47 points, as global interest rate cuts gained momentum, while the United States (US) Federal Reserve seemed hesitant to follow suit.

Malaysia, The Key Gateway For Taiwan's Exports To Asian Countries

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 16 (Bernama) -- Malaysia serves as a key gateway for Taiwan's exports to Asian countries due to the many parallels in their development journeys, said Kaohsiung Deputy Mayor Charles Lin.

Development Of Manufacturing Sector Cluster In Central Region Should Be Made Strategic Initiative - PM Anwar

KUALA LUMPUR, Oct 16 (Bernama) -- The development of a special industrial cluster in the manufacturing sector in the Central Region needs to be prioritised as a strategic initiative of the MADANI Government to strengthen the country's position as an investment hub, said Prime Minister Datuk Seri Anwar Ibrahim.