SINGAPORE, Aug 29 — Six Malaysian companies have made it into Forbes Asia’s third annual edition of the 100 to Watch list, which spotlights small companies and startups on the rise across the Asia Pacific region.

KUALA LUMPUR, Aug 29 — The ringgit opened marginally better against the US dollar today, with the US dollar Index remaining depressed after reversing an 11-week high.

KUALA LUMPUR, Aug 28 — Political stability is a crucial component to ensure that the policies which have been formulated by the Madani government, can be implemented consistently, and further increase investor confidence.

SINGAPORE, Aug 28 — Petico, one of Malaysia’s fastest-growing pet food retailers, has acquired the assets of Singapore’s failed pet food retailer, Perromart, paving the way for its expansion across the Causeway and other parts of Southeast Asia.

KUALA LUMPUR, Aug 28 — The ringgit ended lower against the US dollar today in tandem with regional currencies on lingering concerns over weaker global economic activities, said an analyst.

KUALA LUMPUR, Aug 28 — Petronas Dagangan Bhd’s net profit rose to RM275.71 million in the second quarter ended June 30, 2023, from RM237.68 million in the same quarter last year on the back of higher gross profit from the commercial segment.

TAIPING, Aug 28 —  Toyo Tyre Malaysia Sdn Bhd has allocated an investment of RM30 million to implement its solar project which will become the core thrust towards fully optimising the use of renewable energy at its factory by January 2025.

KUALA LUMPUR, Aug 28 — The Malaysian Investment Development Authority (Mida) today announced the digitisation of three key certificates in the manufacturing sector: the Manufacturing Licence, Permit PDA Certificate and Pioneer Status Certificate.

KUALA LUMPUR, Aug 28 — IOI Properties Group Bhd posted a higher net profit of RM1.39 billion for its financial year ended June 30, 2023, compared with RM686.73 million posted a year earlier amid improvement in its property investment portfolio.

KUALA LUMPUR, Aug 28 — Foreign investors’ six consecutive weeks of net buying on Bursa Malaysia came to an end as they net sold RM153.4 million last week.

KUALA LUMPUR, Aug 28 — The ringgit opened lower against the US dollar today, as the greenback stayed firm following hawkish comments from the United States (US) Federal Reserve (Fed) chair Jerome Powell.

KUALA LUMPUR, Aug 27 — B40 traders and entrepreneur are encouraged to take advantage of the Free Business Registration Scheme initiative offered by the government through the Companies Commission of Malaysia (SSM).

KUALA LUMPUR, Aug 27  — Malaysia is expected to receive more investments going forward, supported by investors’ confidence in the Madani Economy framework and from offshoots from existing investments, said Malaysia Semiconductor Industry Association (MSIA).

KUALA LUMPUR, Aug 26 — The ringgit is likely to stay in a tight range between RM4.63 and RM4.65 against the US dollar next week amid cautious market sentiment.

KUALA LUMPUR, Aug 25 — The ringgit ended higher against the US dollar today, as risk appetite in the market was weighed down by cautious sentiment.

KUALA LUMPUR, Aug 25 — MIDF Research has maintained Malaysia’s Consumer Price Index (CPI) forecast at 3.0 per cent for 2023, despite the latest July data indicating it has cooled to 2.0 per cent.

KUALA LUMPUR, Aug 25 — The labour market grew by 2.4 per cent in the second quarter (Q2), with 16.73 million people despite slower growth in employment and a smaller decline in unemployed persons, said the Statistics Department (DOSM) today.

KUALA LUMPUR, Aug 24 — BMI, a Fitch Solutions company, expects Malaysia’s electric vehicle (EV) sales to quadruple this year, although the country’s EV penetration rate will be at just 1.8 per cent.

KUALA LUMPUR, Aug 25 — Malaysia Airports Holdings Bhd (MAHB) registered more than 11 million passenger movements for July, in an ongoing upward trend of steady traffic growth with both Malaysia and Turkiye operations recording new highs of 7.4 million and 3.7 million passenger movements, respectively.

KUALA LUMPUR, Aug 25 — The Consumer Price Index (CPI) cooled to 2 per cent in July, the lowest for the year, with index points recorded at 130.5 against 127.9 in July 2022, said the Statistics Department.