PUTRAJAYA, Aug 8 — The Volume Index of Services experienced a robust 6.7 per cent growth in the second quarter (Q2) of 2024, recording 152.2 points, according to Volume Index of Services, Second Quarter 2024, released today by the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Aug 8 — The ringgit rebounded to close firmer against the US dollar today, buoyed by a softer greenback amid declines in United States (US) Treasury yields.

KUALA LUMPUR, Aug 8 — MIDF Amanah Investment Bank Bhd expects consumer demand to maintain its expansionary trajectory in the second half of 2024 (2H 2024).

KUALA LUMPUR, Aug 8 — Petronas is studying the feasibility of an integrated development strategy for oil and gas extraction in offshore Block 52 in Suriname.

KULIM, Aug 8 — Investments in Malaysia keep growing despite Malaysia’s stance on Gaza compared with that of European countries, Prime Minister Datuk Seri Anwar Ibrahim said.

KUALA LUMPUR, Aug 8 — CyberSecurity Malaysia has unveiled its Digital Resilience Programme, aimed at strengthening cybersecurity for large corporations, institutions, small and medium enterprises (SMEs), and individuals.

KUALA LUMPUR, Aug 8 — Malaysian startups can look forward to pitching their ideas directly to policymakers in Parliament, as mooted by Communications Minister Fahmi Fadzil during the KL Startup Summit (KLSS) on July 17.

KUALA LUMPUR, Aug 8 — The services sector revenue surged 6.8 per cent on-year to a record RM607.1 billion in the second quarter (2Q) of 2024, said the Statistics Department.

KUALA LUMPUR, Aug 8 — A strong Malaysia-China economic relationship is expected to help the country face and overcome the adverse effects of a recession in the United States, said Capital Dynamics Asset Management Sdn Bhd.

KUALA LUMPUR, Aug 8 — Malaysia’s wholesale and retail trade grew 5.4 per cent year-on-year (y-o-y) in June 2024, to register sales of RM146.0 billion, according to the Statistics Department Malaysia (DOSM).

KUALA LUMPUR, Aug 8 — A national affordable housing trust could help ensure affordable houses are built where the demand is, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Ho Hon Sang.

KUALA LUMPUR, Aug 8 — The skills of the workforce must be improved to contribute to the country’s competitiveness and restore Malaysia’s status as an Asian Tiger, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Aug 8 — Six leading government-linked investment companies (GLICs) collectively pledge to invest RM120 billion in domestic direct investment (DDI) over the next five years, said the Finance Ministry (MOF).

KUALA LUMPUR, Aug 8 — Malaysia is expected to complete revising its nationally determined contribution (NDC) target by next February, said Natural Resources and Environmental Sustainability Ministry secretary-general Datuk Ching Thoo Kim.

KUALA LUMPUR, Aug 8 — Tesla Inc’s reported decision to scrap its production plans in Southeast Asia could be its commercial decision, said the Investment, Trade and Industry Ministry (Miti).

KUALA LUMPUR, Aug 8 — Bursa Malaysia kicked off the day on an easier note today as investors were cautious following weak United States Treasury sales of US$42 billion, underscoring the fragile confidence in the United States’ economic conditions, a dealer said.

KUALA LUMPUR, Aug 8 — The ringgit was slightly higher against the United States dollar this morning as investors remained cautious ahead of the release of United States labour data later today, said an analyst.

KUALA LUMPUR, Aug 7 — The retail price of diesel in Peninsular Malaysia will be reduced by five sen to RM3.30 per litre from tomorrow until August 14.

KUALA LUMPUR, Aug 7 — The ringgit continued its downward trend, closing lower against the US dollar today as cautious sentiments over the global economic outlook persisted.

KUALA LUMPUR, Aug 7 — Malaysia’s target to achieve a revenue of RM3.6 billion by 2025 in the data centre industry is on track, judging by positive signals from industry players.