KUALA LUMPUR, Oct 11 (Bernama) -- Khazanah Nasional Bhd, via its associate Pulau Kapas Ventures Sdn Bhd (PKV), has announced the strategic divestment of its indirect stake in TIME dotCom Bhd.

KUALA LUMPUR, Oct 11 — MIDF Research forecasts the average local crude palm oil (CPO) delivery price will close 4.4 per cent month-on-month higher at RM3,891 per tonne in October, due to moderate EL-Nino events.

KUALA LUMPUR, Oct 11 — The price index of steel for September 2023 dropped between -0.1 per cent and -4.0 per cent in the price index per unit of steel for almost all areas compared to August, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Oct 11 — The ringgit continued its upward momentum to open higher against the US dollar today as the United States (US) Treasury yield slid following dovish comments from the US Federal Reserve (Fed) officials, said an analyst.

KUALA LUMPUR, Oct 10 — The Finance Ministry is committed to taking progressive steps to improve Malaysia’s fiscal policy in Budget 2024 to reduce poverty and inequality in the nation.

KUALA LUMPUR, Oct 10 — The labour market in Malaysia is expected to strengthen further in 2023 and 2024, backed by encouraging momentum in the domestic economy, said MIDF Research.

KUALA LUMPUR, Oct 10 — The ringgit experienced a slight increase in value against the US dollar when trading ended today, with most traders eagerly anticipating goodies from Budget 2024 which will be tabled on Friday (October 13).

KUALA LUMPUR, Oct 10 — The government is expected to increase its subsidy allocation next year due to rising oil prices, which could lead to higher subsidies for petroleum products, said Economy Minister Rafizi Ramli.

KUALA LUMPUR, Oct 10 — The government’s investment position amounted to RM35.15 billion at the end of 2022, a decrease of RM8.24 billion, or 19 per cent, compared with RM43.39 billion in 2021.

KUALA LUMPUR, Oct 10 — Malaysia’s gross loan receipts in 2022 increased by 6.5 per cent or RM14.164 billion to RM231.365 billion from RM217.201 billion in 2021.

KUALA LUMPUR, Oct 10 — The government is looking at initiatives for food and beverage (F&B) business operators to venture into other industries, including production and manufacturing, according to Economy Minister Rafizi Ramli.

KUALA LUMPUR, Oct 10 — The ringgit opened higher against the US dollar today as the greenback weakened following dovish comments from top US Federal Reserve (Fed) officials about the interest rate outlook, said an analyst.

KUALA LUMPUR, Oct 9 — The ringgit retreated from last week’s gains to close lower against the US dollar today, as risk-averse sentiment prevailed, leading to increased demand for the US dollar.

KUALA LUMPUR, Oct 9 — Petronas Chemicals Group Bhd (PCG) has reached the final investment decision (FID) to construct Asia’s largest advanced chemical recycling plant with a capacity of 33 kilo-tonnes per annum.

KUALA LUMPUR, Oct 9 — UMW Toyota Motor Sdn Bhd achieved a year-to-date  total sales of 76,511 units as of September 2023 versus 70,872 for the same period a year ago.

NEW YORK , Oct 9 — Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc.

KUALA LUMPUR, Oct 9 — Malaysia’s banking system remained well-capitalised throughout the first half of 2023 (1H 2023), with the banks continuing to maintain strong liquidity buffers, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Oct 9 — Investment analysts do not expect Top Glove Corporation Bhd, which last week reported a net loss of RM926.64 million for its financial year ended August 31, 2023 (FY2023), to return to profitability in the near term.

KUALA LUMPUR, Oct 9 — Green technology investments were recorded at RM1.3 billion (US$268 million) between January and June this year, representing a 21.9 per cent year-on-year growth, the Malaysian Investment Development Authority (Mida) said.

KUALA LUMPUR, Oct 9 — The initiatives under Budget 2024 should focus on strengthening the competitiveness of the manufacturing industry, especially for small and medium enterprises (SMEs), in terms of mitigating the impact of global economic slowdown, inflationary cost pressures and enhancing productivity by increasing digitalisation and supporting the green growth and sustainability agenda.