Economy

KUALA LUMPUR: Bursa Malaysia closed lower yesterday, reflecting selling pressure across the region amid concerns about the U.S. Federal Reserve's (Fed) monetary policy easing, with the main index falling by 1.24 percent. According to…

KOTA KINABALU: Sabah's achievement of generating RM7 billion in revenue last year has enabled the state to become one of the top six contributors to Malaysia's Gross Domestic Product (GDP) for 2023, according to Chief Minister Datuk Seri…

KUALA LUMPUR: The ringgit closed lower today against the US dollar due to a risk-off market sentiment, with investors continuing to prefer safe-haven currencies amid cautious global growth prospects, according to economists. According to…

KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) forecasts that the ringgit will trade close to the 4.40 level by the end of the year, due to indications that the US Federal Reserve (Fed) may only reduce rates by 50-75 basis points…

KUALA LUMPUR: The ringgit is expected to trend upwards against the US dollar next week, according to analysts. According to Bernama, Dr. Mohd Afzanizam Abdul Rashid, Chief Economist at Bank Muamalat Malaysia Bhd, believes the ringgit may…

KUALA LUMPUR: The ringgit continued its upward trend on Thursday, closing stronger against the US dollar due to increasing expectations of a reduction in interest rates in the US, according to an analyst. According to Bernama, at 6 p.m.…

KUALA LUMPUR: The ringgit continued its decline last Friday, ending the day lower against the US dollar on Monday, following profit-taking after recent gains. According to Bernama, this development was noted amid cautious sentiment ahead…

KUALA LUMPUR: India’s Eros Investments Ltd, along with its Immerso AI-IP division, is set to invest US$1 billion (RM4.33 billion) to establish an artificial intelligence (AI) park and film studio in Malaysia, according to a statement from…

KUALA LUMPUR: The ringgit is no longer deemed undervalued after surpassing the RM4.35 mark against the US dollar, according to Mohd Sedek Jantan, Head of Investment Research at UOB Kay Hian Wealth Advisors. According to Bernama, Mohd…

KUALA LUMPUR: The Lembah Pantai Development Action Council held yesterday has proven to be an excellent platform for bringing together various parties, according to Communication Minister Fahmi Fadzil. According to the Wilayahku portal,…