KUALA LUMPUR, Aug 17 — Hong Leong Investment Bank Bhd (HLIB) has maintained its ‘neutral’ stance on the plantation sector as planters are expected to report a mixed set of performance for the second quarter of 2023.

KUALA LUMPUR, Aug 17 — The ringgit traded lower against the US dollar at the opening today as the US Dollar Index strengthened by 0.20 per cent to 103.419 points.

KUALA LUMPUR, Aug 16 — The ringgit rebounded to close higher against the US dollar today in cautious mode ahead of the Federal Open Market Committee (FOMC) meeting minutes due to be released later today, an economist said.

KUALA LUMPUR, Aug 16 — The retail prices of RON97, RON95, and diesel will remain unchanged for the August 17 to August 23 period.

KUALA LUMPUR, Aug 16 — Malayan Banking Bhd (Maybank) has cumulatively mobilised close to RM40 billion in sustainable finance and has improved nearly 970,000 households across Asean since 2020.

KUALA LUMPUR, Aug 16 — Eversendai Group announced that its subsidiaries in Saudi Arabia and India have secured new projects worth RM188 million for structural steel works.

KUALA LUMPUR, Aug 16  — More than 470 international buyers from 40 countries will be participating in the flagship International Sourcing Programme (INSP) at the Malaysia International Halal Showcase (MIHAS) 2023.

KUALA LUMPUR, Aug 16 — The surge of investment commitments in the digital economy sector is a clear signal of investor confidence and strong digital economic prospects in the near term, an economist said.

KUALA LUMPUR, Aug 16 — The ringgit extended its downward trend against the US dollar this morning as the greenback strengthened amidst higher-than-expected United States (US) Retail Sales data on Tuesday, analysts said.

KUALA LUMPUR, Aug 15 — The way forward for the Islamic capital market (ICM) in Malaysia is to consider introducing an Islamic social exchange in the near future to strengthen environmental, social and governance (ESG) programmes, especially to support the poor and the needy, said Securities Commission Malaysia (SC) chairman Datuk Seri Awang Adek Hussin.

KUALA LUMPUR, Aug  15 — The Securities Commission of Malaysia (SC) has been urged to speed up its investigations on fraud cases involving several companies with losses of almost RM1 billion as there has yet to be any action after complaints were lodged since April.

KUALA LUMPUR, Aug 15 —The ringgit ended lower against the US dollar today following China’s unexpected rate cut today.

KUALA LUMPUR, Aug 15 — Fitch Ratings believes the government will advance subsidy rationalisation, likely to initially focus on electricity and diesel, in Budget 2024 to be tabled in Parliament on October 13.

KUALA LUMPUR, Aug 15 — The Employees Provident Fund (EPF) will likely deliver a higher dividend rate for 2023 should market conditions persist or improve in the second half (H2), said economists.

KUALA LUMPUR, Aug 15 — UEM Sunrise Bhd has acquired its first residential development site in Subiaco East in Perth, Western Australia for A$22.18 million about RM66.39 million.

KUALA LUMPUR, Aug 15 — Strong policies and regulatory frameworks are needed to realise Malaysia’s National Energy Transition Roadmap (NETR), said KPMG.

KUALA LUMPUR, Aug 15 — Financial institutions are urged to collaborate with government agencies and civil society organisations to create partnerships to drive sustainable development and support Malaysia's transition towards a green economy.

KUALA LUMPUR, Aug 14 —  Sunway Bhd’s wholly owned unit Sunway City Sdn Bhd (SunCity) today inked a share transactions agreement with Iskandar Assets Sdn Bhd (IASB) and Sunway Iskandar Development Sdn Bhd (SIDSB).

KUALA LUMPUR, Aug 14 —The ringgit ended lower against the US dollar on Monday in tandem with the weaker regional currency performances following the strengthening of the greenback, an economist said.

KUALA LUMPUR, Aug 14 — The Federation of Malaysian Manufacturers (FMM) has urged the government to set up a Madani council and an inter-ministry and private sector joint steering committee to enhance stronger collaboration and a shared sense of responsibility among the private and public sector and stakeholders.