Markets

Malaysia 2H24 Outlook And Lookouts Of Sustaining Positive Economic...

Malaysia’s real GDP growth picked up in 1Q 2024, which had prompted Maybank Investment Bank (Maybank IB)  to raise the 2024E real GDP growth forecast to +4.7% (from +4.4%)...

FBM KLCI Turns Negative, Returns Below 1,630

The FBM KLCI fell below the 1,630 mark after erasing earlier gains and moving into negative territory. At midday, the benchmark index was down 3.9 points at 1,625.92, just shy...

Asian Shares Fall As China Drags, Dollar In Demand

Asian shares fell on Tuesday as investors pondered the prospect of a Trump victory and what that would mean for China, while the dollar climbed for a second day...

Ringgit Rebounds To Open Higher Versus U.S. Dollar

The ringgit staged a rebound this morning, opening higher against the U.S. dollar, buoyed by the prospect of a rate cut, said an analyst. At 8am, the ringgit strengthened to...

Oil Prices Tick Down On Worries About Chinese Demand

Oil prices edged lower on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key...

Property

Analysts Reaffirm Gamuda’s Undervalued Status

Gamuda is positioned for substantial expansion, underpinned by robust growth prospects and strategic advancements, as highlighted by RHB Investment Bank (RHB) in their report today (July 16, Tuesday). With...

IJM Remains Solid With RM7.3 Billion Order Book And...

IJM Corp is poised for significant growth across multiple fronts, according to reports by RHB Investment Bank (RHB) and CGS International Stock Broking House (CGS) today (July 16, Tuesday)....

Siab Holdings New Executive Directors Poised For Long-Term Growth

Siab Holdings Berhad (Siab) has appointed Wong Yih Ming, founder and Managing Director of Taghill Projects Sdn. Bhd. (Taghill), Vincent Chu Yee Hong, the Deputy Managing Director of Taghill...

News

Carsome Secures RM100 Million Financing From AmBank

Local startup, the CARSOME Group has secured RM100 million in financing facility from AmBank Group to expand its liquidity extend its reach, enhance its...

Chinese State-Owned Brokerage To Ramp Up Investment Banking Business In Southeast Asia

A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year...

SME Corp. Launches New Program To Boost Financial Management For Micro Enterprises

SME Corp. Malaysia, through its Micro Connector Program, has launched the 'Klik-Klik Senang Akaun' program, which focuses on efficient financial management and digitalizing accounting...

How SME’s Can Navigate Challenges In SST Increase

Earlier this year, Malaysia increased its service tax rate from 6% to 8% on most taxable services, and small and medium-sized enterprises (SMEs) are...

Malaysia To Raise Plastics Pollution Issue At ASEAN 2025, Nik Nazmi Says

Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad said Malaysia will raise the issue of plastics pollution plaguing the world when it...

Sarawak Cable’s CFO Leaves Company

Sarawak Cable Bhd’s group chief financial officer Teoh Wen Jinq has resigned. In a Bursa Malaysia filing today, the company said Teoh had stepped down...

Govt Says No Unsual Price Hikes Since Diesel Subsidy Cut

The governent said there have been no unusual price increases detected following the diesel subsidy rationalisation in June this year. Domestic Trade and Cost of...

Intermittent Lane Closures And Traffic Diversions Announced For LRT3 Project From 18 July

Setia Utama LRT 3 Sdn Bhd, the contractor for the Light Rail Transit 3 (LRT3) project, has announced intermittent lane closures and traffic diversions...

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Trade

A Case Of Malaysia Having Too Many Malls —...

Dozens of new malls are under construction in Malaysia even as existing complexes struggle...

Selangor Aims To Contribute RM500 Billion To GDP In...

Selangor said it aims to contribute RM500 billion to the national gross domestic product...

Time To Export Malaysia’s Halal Certification Expertise Overseas

Minister of International Trade and Investment, Tengku Zafrul has stated that its time for...

Pribumi – Bursa Malaysia Pioneers World’s First Zakat Index 

A new customised index designed to promote greater recognition of public Listed Companies that...

Maybank IB Promotes Purposeful Investing With myimpact Invest Campaign...

Maybank Investment Bank (Maybank IB) today launched the myimpact Invest campaign for retail clients,...

Tengku Zafrul: E-Invoice Implementation Won’t Impact Vehicle Sales For...

The Ministry of Investment, Trade and Industry (MITI) expects the implementation of electronic invoicing...

AMRO Opines Malaysia’s Growth To Accelerate To 4.7%, Inflation...

Malaysia’s economic growth moderated last year to 3.6 percent amid a challenging external environment....

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