RHB IB Estimates Federal Govt’s 2027 Budget Allocation At RM437.8 Bln

KUALA LUMPUR, Sept 10 (Bernama) -- RHB Investment Bank Bhd (RHB IB) estimates that the total federal government allocation for Budget 2027 will be RM437.8 billion.

Malaysia’s Premium Crude Shields Economy From Oil Price Swings - RHB IB

KUALA LUMPUR, Sept 10 (Bernama) -- Malaysian crude grades continued to command significantly higher premiums over Dated Brent, a benchmark for physical crude oil prices, indicating that the country was able to partially cushion the impact of lower outright oil prices on revenues.

Gold Futures Close Lower In Line With US COMEX

KUALA LUMPUR, Sept 10 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, following the decline in gold futures on the United States Commodity Exchange (COMEX).

KLCI Futures Ends Higher

KUALA LUMPUR, Sept 10 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives closed higher on Thursday despite the softer underlying cash market.

Ringgit Firmer Against US Dollar Ahead Of US CPI Data

By Abdul Hamid A Rahman

KUALA LUMPUR, Sept 10 (Bernama) -- The ringgit closed marginally higher against the US dollar on Thursday despite elevated crude oil prices and expectations of a possible US interest rate hike, as investors looked ahead to the release of US consumer price index (CPI) data on Friday.

Alam Maritim Operations Continue As Usual Despite CEO Facing Ship Charter Rate Fraud Charges

KUALA LUMPUR, Sept 10 (BERNAMA) -- Alam Maritim Resources Bhd’s group managing director and group chief executive officer Datuk Azmi Ahmad has been placed on leave, while the company assured that its operations will continue as usual with no disruption.

Bursa Malaysia Ends Lower As Widening West Asia Conflict Weighs On Sentiment

By Rosemarie Khoo Mohd Sani and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 10 (Bernama) -- Bursa Malaysia finished lower on Thursday, along with other regional markets, as the widening war in West Asia and high oil prices weighed on sentiment.

Rubber Market Ends Mixed

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Sept 10 (Bernama) -- The rubber market ended mixed today, tracking regional rubber futures and domestic natural rubber production, a dealer said.

HE Group Bags RM25 Mln Power Distribution Works Contract

KUALA LUMPUR, Sept 10 (Bernama) -- HE Group Bhd’s wholly-owned subsidiary, Hexatech Engineering Sdn Bhd, has secured a purchase order (PO) for power distribution system works worth RM25 million.

YPU Provides Digital Business Hub To Help Entrepreneurs Strengthen Market Presence

KUALA TERENGGANU, Sept 10 (Bernama) -- Yayasan Pembangunan Usahawan (YPU) Terengganu has taken the initiative to provide the Terengganu Digital Business Hub to strengthen the capabilities of and expand the digital marketing of local entrepreneurs.

ACE Market-bound SLGC Aims To Raise RM29.4 Mln Via IPO

KUALA LUMPUR, Sept 10 (Bernama) -- Construction services firm SLGC Bhd aims to raise RM29.4 million through an initial public offering (IPO) ahead of its planned listing on the ACE Market of Bursa Malaysia on Oct 6.

AM Best: Regulatory Initiatives, Economic Expansion Drive Malaysia’s Non-Life Growth

KUALA LUMPUR, Sept 10 (Bernama) -- AM Best has maintained a stable outlook on Malaysia’s non-life insurance segment, citing regulatory initiatives and economic expansion, which are driving robust premium growth and increasing insurance penetration.