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.

KUALA LUMPUR, Oct 9 — The ringgit opened lower against the US dollar today as the greenback strengthened on renewed interest in safe haven currencies in light of the crisis in the Middle East, an analyst said.

KUALA LUMPUR, Oct 8 — Dutch Lady Milk Industries Bhd (DLMI) plans to double production next year after shifting to its new RM540 million facility in Bandar Enstek, deploying eight production lanes.

KUALA LUMPUR, Oct 7 — Major banks have taken appropriate steps to waive transaction fees for micro and small businesses that accept payments via DuitNow QR, Bank Negara Malaysia (BNM) said.

KUALA LUMPUR, Oct 6 — Malaysian exhibitors made a strong presence with their products and services at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) 2023 from October 2 to October 5, generating RM450 million in export sales.

KUALA LUMPUR, Oct 6 — The Ministry of Investment, Trade and Industry (Miti) facilitated Prime Minister Datuk Seri Anwar Ibrahim’s two-day working visit to the United Arab Emirates (UAE), which generated RM40.6 billion of committed investments for Malaysia in sectors like renewable energy, aerospace and logistics.

KUALA LUMPUR, Oct 7 — The ringgit is expected to stay soft next week, with a possible range of around RM4.71 to RM4.73.

KUALA LUMPUR, Oct 7 — The ringgit continued its uptrend to end higher against the greenback today as US bond yields stabilised, dealers said.

KUALA LUMPUR, Oct 6 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$110.1 billion (RM519.6 billion) as of September 29, 2023, compared with US$112.46 billion (RM530.8 billion) at the end of August 2023.

KUALA LUMPUR, Oct 6 — The ringgit has continued to strengthen against the US dollar in the early trade as the US Dollar Index (DXY) fell 0.44 per cent to 106.33 points.

PETALING JAYA, Oct 5 — The government, via the Ministry of Investment, Trade and Industry (Miti), is committed to attaining a harmonious blend of foreign direct investment (FDI) and domestic direct investment (DDI) to foster eco-friendly and equitable growth throughout the nation, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Oct 5 — The ringgit made a small rebound from yesterday’s loss to end higher against the greenback today as US Treasury bonds retreated from 16-year highs, dealers said.

KUALA LUMPUR, Oct 5 — The Ministry of Plantations and Commodities and the Malaysian Palm Oil Board (MPOB) are intensifying efforts to enable more palm oil smallholders to comply with the Malaysian Sustainable Palm Oil Certification (MSPO) scheme.

BANGI, Oct 5 — The Budget 2024 tabled in Parliament on October 13 should prioritise addressing the rising cost of living.

KUALA LUMPUR, Oct 5 — The ringgit opened higher against the US dollar this morning, as the local currency received some support after the US dollar index (DXY) declined to 106.773 points in anticipation of the release of the United States (US) Nonfarm Payroll (NFP) data tomorrow.

SINGAPORE, Oct 4 — Great Eastern Holdings Ltd's proposed acquisition of AmMetLife Insurance Bhd (AML) and AmMetLife Takaful Bhd (AMT) will enhance its market leadership within the Malaysian insurance and takaful market, said S&P Global Ratings.

KUALA LUMPUR, Oct 4 — The ringgit was marginally lower against the US dollar at today’s close, in line with other emerging market currencies, as investors remained on the sidelines, awaiting the US private employment data scheduled to be released later today.