PUTRAJAYA, Sept 20 — SME Corporation Malaysia (SME Corp) has channelled RM100 million via the Micro Madani Strengthening Programme (Micro Madani), to help 20,700 entrepreneurs nationwide from the micro, small and medium enterprise (MSME) sector.

NEW YORK, Sept 20 — Two major United States (US) electrical and electronic firms are set to expand their operations to Malaysia, one of which is expected to invest at least RM500 million.

KUALA LUMPUR, Sept 20 — The ringgit opened slightly higher against the US dollar this morning due to mild demand for the domestic note.

KUALA LUMPUR, Sept 19 — National carmaker Proton Holdings Bhd today inked a new memorandum of agreement (MoA) with smart Automobile Co Ltd, a joint venture between Mercedes-Benz and Geely Group, at the 2023 China-Asean Expo in Nanning, China.

KUALA LUMPUR, Sept 19 — The ringgit extended its downtrend against the US dollar today ahead of the US Federal Open Market Committee (FOMC) meeting today and tomorrow to decide on interest rates.

KUALA LUMPUR, Sept 19 — The Science, Technology, and Innovation Ministry is allocating RM5.3 million until 2025 to upgrade facilities of the Malaysian Nuclear Agency (ANM) to address the country’s food security issues.

KUALA LUMPUR, Sept 19 — The domestic rubber industry is expected to soar following the strengthening of cooperation with China in the commodities field, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Sept 19 — Malaysia registered the 40th consecutive month of trade surplus in August 2023, registering a year-on-year growth of 0.1 per cent to RM17.31 billion.

KUALA LUMPUR, Sept 19 — Malaysia is reviewing an existing windfall tax on the palm industry and hopes to complete it next year, said Plantation and Commodities Minister Fadillah Yusof yesterday.

KUALA LUMPUR, Sept 18 — The ringgit ended lower against the US dollar, as the greenback stayed firm near its six-month high ahead of several key central bank rate decisions this week, particularly from the United States Federal Reserve (US Fed).

KUALA LUMPUR, Sept 18 — The country’s rice supply is sufficient to cover domestic needs for another four to five months, and there is no urgent need to use the stockpile, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.

KUALA LUMPUR, Sept 18 — The Ministry of Domestic Trade and Cost of Living (KPDN) will be launching Rahmat Rice Sales to help lighten the burden of the people affected by the price hike of imported rice as well as the absence of local rice.

KUALA LUMPUR, Sept 18 — Foreign investors turned net buyers on Bursa Malaysia after three weeks of net selling, with a net purchase of RM23.1 million last week compared to RM27.7 million in the previous week, said MIDF Research.

KUALA LUMPUR, Sept 18 — The ringgit opened marginally higher against the US dollar in cautious mode ahead of the US Federal Reserve (Fed) meeting later this week, an economist said.

KUALA LUMPUR, Sept 17 — The Ministry of Investment, Trade and Industry (Miti) expects approved investment to record stronger growth in the second half of 2023 (2H2023), on track to hit its annual target, after achieving RM132.6 billion worth of approved investment in the first half of 2023 (1H2023).

KUALA LUMPUR, Sept 16 — The ringgit is likely to hold up better against G10 currencies next week except the US dollar next week following a revised lower growth forecast and higher inflation rate by the European Central Bank (ECB).

KUALA LUMPUR, Sept 15 — The ringgit ended the week slightly higher against the US dollar, supported by China’s latest better-than-expected economic data, which lifted ringgit and regional sentiments.

KUALA LUMPUR, Sept 14 — Allianz Malaysia has announced the launch of three more products under the Rahmah Insurance Initiative, namely the “Private Car Rahmah Package” for comprehensive and third party, fire and theft (TPFT) cover and a new life insurance product called “Allianz Kasih4All”, addressing affordable insurance solutions for private cars and life insurance, respectively.

KUALA LUMPUR, Sept 14 — The ringgit continued to close lower against the US dollar on bullish demand for the greenback amidst expectations that the United States (US) Federal Reserve (Fed) would keep its interest rate at the current level, analysts said.

KUALA LUMPUR, Sept 14 — The domestic retail sector is expected to maintain its growth trajectory throughout the rest of this year, said MIDF Research.